Transaction Fee on Balance Transfer Credit Cards

Author: maddybeagle
Posted: Wed Apr 05, 2006 8:26 am
Post subject: MBNA - putting the fee cap back on bt's?

The transaction fee for balance transfers is 3% of each transaction, minimum of $10. However, effective as of July 2006, each balance transfer is subject to a 3% transaction fee between $10 and $75.

I just looked at my mbna card and noticed this on the terms. I might use now....

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Author: bullwinkle29
Posted: Wed Apr 05, 2006 11:36 am
Post subject: Re: MBNA - putting the fee cap back on bt's?

maddybeagle wrote:
The transaction fee for balance transfers is 3% of each transaction, minimum of $10. However, effective as of July 2006, each balance transfer is subject to a 3% transaction fee between $10 and $75.

I just looked at my mbna card and noticed this on the terms. I might use now....


my wife and i were thinking of getting the MBNA amex card and doing a bt, but it said 0% for 12 months, then 7.9%. under the terms, it said BT is 3% $10.00 min, it did not have a cap. it also stated that there is a fee. most new cards, they won't charge you when you open a new account.

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Author: Woolfman
Posted: Wed Apr 05, 2006 3:30 pm
Post subject: Transaction Fee on Balance Transfer Credit Cards

On all of my MBNA cards,
The BT'S have been 3% $10.00 min $75.00 max.
for quite a while now.
I'm not sure if this is the same for new accounts.

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Auhtor: rapjunkie
Posted: Wed Apr 05, 2006 3:39 pm
Post subject:

I've always had a cap on mine too... $75 max. I've never seen an uncapped BT fee.

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