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There are two main costs you'll pay: your transfer fee - a percentage of the amount you're moving added on to your balance when you make the transfer; and interest - based on your balance transfer interest rate which you'll pay over time until you clear your balance.
- Balance transfer credit cards
How much can you transfer? The minimum transfer amount is...
- Balance transfer credit cards
How much can you transfer? The minimum transfer amount is £100. There’s no limit to how many transfers you can make, but you must stay within the credit limit of your new credit card. You’ll also need to take into account any other transactions on the card, and transfer fees to be added.
Promotional rates can be offered on balance transfers, money transfers and purchases. These offers can save you money but look for what suits you and check if fees apply. For example, you may still get charged a fee for a balance transfer that has a 0% interest rate.
27 wrz 2022 · The Bank of Scotland’s ‘everyday’ credit card offers a low interest rate - APR - on both purchases and balance transfers. There’s no monthly or annual fee – but there’s also no introductory 0% period, so if you carry over your balance from month to month you will have to pay some interest
Balance transfer fee – you could be charged for moving a balance from another credit or store card to your Halifax credit card. The fee is usually a percentage of the transfer amount and will be confirmed before you submit your transfer request.
1 maj 2024 · Don't forget that the fee to transfer a balance is 1.99% for 3 months reverting to 5%, and also that if you haven't cleared the debt by the end of the 22 months, any outstanding balance will start to accrue interest at the card's standard rate.
Most balance transfers will charge a one-off fee to shift your debt across, typically between 1% and 3% of the amount you're transferring. For example, if the balance on your existing card is £2,500 and the balance transfer fee is 3%, you'd be charged £75.
