Credit Card Balance Transfer Fees

Guest: Xstation
Post subject: Credit Card Balance Transfer Fees
Posted: Wed Feb 01, 2006 3:30 pm

when it says 3% of each BF ($5 min./$75 max. per transfer) does it mean I will get charged $75 on a $3500 transfer?

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Guest: JaneiR36
Credit Expert (100+ Posts)
Post subject: Credit Card Balance Transfer Fees
Posted: Wed Feb 01, 2006 3:50 pm

Yes. Lucky to have a cap on that one! Some BT offers do not have a maximum fee anymore. Only thing better would be no fee at all.

Guest: rapjunkie
Post subject: Credit Card Balance Transfer Fees
Posted: Wed Feb 01, 2006 4:29 pm

You might want to call the creditor and ask if they can waive the fee.

Guest: XeroK00L
Post subject: Credit Card Balance Transfer Fees
Posted: Wed Feb 01, 2006 8:32 pm

"credit card BF fee" eh... I didn't know that you need to pay a fee for a boyfriend using your credit card these days.

But seriously yeah, $75 / 3% = $2500, so you'll be charged $75 when you do a BT of $2500 or more. I don't think they'll waive the fee either even if you called. There're in the business to make money after all. You can certainly try if you want though.