As it became more and more apparent that the Coldwater, under my seamanship, was weathering the tempest and giving promise of pulling through safely, I could have sworn that I perceived a shade of annoyance and disappointment growing upon his dark countenance.
Definition. A charge incurred when switching the outstanding amount due from one credit card account to another. A balance transfer fee increases the cost involved in shifting credit card balances, and such fees can range from between two and four percent of the balance transferred, or they can be a flat charge.
Card Benefits. Intro balance transfer offer. Pay no balance transfer fee when you transfer a balance during the first 60 days your account is open.â  After the first 60 days your account is open, the fee for future balance transfers is 5% of the amount transferred, with a minimum of $5.â . Low introductory rate.