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| Transfer credit card balance | Related Terms. Know the balance transfer fee: The difference between a 3 percent balance transfer fee and a 5 percent balance transfer fee depends on the amount you transfer. Why you'll like this: It offers great short- and long-term value thanks to its combo of a welcome offer, ongoing rewards and an intro APR. Ask the experts: What is the biggest mistake people make with balance transfers? In this instance, the cardholder gives the account information and amount to the credit card company to which they are transferring the balance, and that company arranges the transfer of funds to pay off the account. Read Review. |
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