The lender raised its maximum balance transfer fee to 5% from 2% in 2009.
They come with a balance transfer fee, usually 3% or 4% of the total amount you transfer.
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Before you apply for a balance transfer card, do the math to see if the amount of interest payments you save with the introductory offer is more than the balance transfer fee that has to be paid immediately.
FORBES: Tips On Transferring Your Credit Card Balance To Another Issuer
When you roll in the insurance fee into the loan balance you have a loan to value ratio that starts at over 98%.
More good news for bank consumers: since the January 2011 Bank Fee Survey, average minimum balance requirements to avoid fees are lower, and average monthly checking account maintenance fees (for those who pay them) are also slightly lower.
Moreover, Chinese banking institutions in recent years have been generating substantial fee income by creating off-balance-sheet loan products that may leave them on the hook, either formally or informally, for losses.
The Bluebird accounts will have no minimum balance requirement and no monthly maintenance, annual or activation fee.
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There -- there may be fees that consumers don't readily know about that are added on to their bills and then the rate changes from 14 or 19 to 29, and then on top of that you're -- you get a -- you're charged an interest rate on your fee because that's now part of your balance.
Finally, to add insult to injury a termination fee of up to 3.5% might be charged against your balance when the funds are actually distributed.
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Users of the ReservePlus loan card pay themselves an interest rate pegged at the prime rate (currently 5%) plus a service fee of from 2.9% to 3.25% of the outstanding balance, which goes to Bent's firm.
Unlike many travel rewards credit cards, the Miles by Discover Card carries no annual fee for the life of the card and has an introductory offer of 0% APR on purchases and balance transfers for up to six months.
Bank of America ( BAC - news - people ) aims its bank- card pitch at employers who buy them in bulk as staff gifts. (BofA declined to comment on whether employers receive a discount rate for buying scads of cards at a time.) There's no dormancy fee with BofA's product, but after nine months the cards become worthless, whatever the remaining balance is.
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