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Added August 3, 2010 from: Mike Killian
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 Mike Killian
Answered By Mike Killian:
The answer to transferring balances at a later time is completely dependent on your contract. Some cards offer an introductory transfer APR for a select period as a teaser rate. Some cards have no balance transfer fees as an introduction. Some cards have a 3 percent transfer fee and some a 5 percent transfer fee. Some cards have an APR equal to the purchase APR. Others are higher or lower.

There is simply no way to answer your question without seeing your contract. Your best bet is to read your contract or contact your credit card company and ask for both balance transfer APR as well as transfer fees applicable to your card.  Most introductory balance transfer offers expire within a time frame specified in the terms and conditions when you apply.

When you transfer balances, you have to be very careful. Consider, for example, a savings of 4 percent on the balance transfer APR, but with a 5 percent balance transfer fee--great for the credit card company but not financially savvy for the consumer!

This question is about:  Balance Transfers
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