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Question

Alex
Staff

Alex asked 10 months ago in Credit Cards

Credit card balance transfer

What fees are charged if I want to transfer from a high interest to 0% APR credit card? Is that free?

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David R Hanson
FiLife Contributor
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It depends entirely on the offer. It is almost never free anymore. Typically it's 3% of the balance transferred.

Some fees are still "capped" at something like $99 or $199. In that case, you're generally better off doing one large balance transfer rather than two smaller ones, since you're only subject to the capped fee one time.

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