one time credit report Credit Cards With Low Balance Transfer Fees

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In the second quarter of 2008 began with sad news for consumers looking to save on credit card interest and fees with 0% APR no fee balance transfers to maximize. The last two remaining credit cards that of! fered 0% interest and pay no balance transfer fees changed their deals so that consumers with less of a way to save money on fees. While this trend may change, it looks as if consumers will be forced to be fees for transactions> Balance transfers during the next few months. This should not be a deterrent. As we shall see, are 0% balance transfers to save even a good way to substantial amounts of money on the credit card interest rates. However, for the foreseeable future, it will be important to pay attention to when applying for a new card.

What a balance transfer fees? Currently all credit card companies charge a 3% transfer transaction fee for each credit will be. A low creditCard limits the maximum fee to $ 75 per transaction. A high fee card has no limit on balance transfer fees. If you want to save the most money, to avoid high fee cards is the key.

Example Let's say we have to transfer a $ 5000 balance. If we transfer this amount to a c redit card with no fee limits are the total fees are $ 150. However, the fee would be $ 75 if we are to use a credit card fee limits. Of course you can add the feesup.

Should I even bother? "The answer to this question is a resounding yes. Balance transfer fees are a nuisance, not a deal breaker. For example, if you pay 14% interest on debt of $ 5000, interest expense would be in the vicinity of $ 750, or ten times the amount of the transaction. Even with the fee is still $ 675 in total savings. That is a lot of money on interest wastes. And fortunately, you do not have to.

Now is the time to stop buying absurdInterest on your credit card debt and benefit from a 0% APR balance transfer. Even if you have to pay a burdensome will ultimately save you hundreds of dollars on interest.

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