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.
1 Balance transfer fees. 2  Transferring balances can be a great way to take advantage of a lower interest rate, but there's often a fee attached. 3  Read your credit card agreement carefully and find out what the balance transfer fee is before you make the transfer. 4  Cash advance fees.