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Balance Transfer Fee means a fee charged by a Credit Card Issuer to transfer a balance from one or several Credit Cards to another Credit Card. This fee can be anywhere from 1% to 5% of the Balance Transfer amount. The Balance Transfer Fee may, or may not, have a cap -- in other words, a maximum Balance Transfer Fee amount. Not all Balance Transfer Interest-Free Period Offers involve an explicit Balance Transfer Fee, but rather often involve Predatory Sale Of A Financial Product. Caps on Balance Transfer Fees used to be common, but have become less so in recent years. All such fees listed in Credit Cardholder Fees. See Interest-Free Period Offers or Balance Transfer. |
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