The idea is that your would-have-been interest payments cost more than the balance transfer fees.

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Median balance transfer fees at banks have also increased from 3% to 4%.

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Most recently that has meant hiking balance transfer fees.

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During the same period, the median cash-advance and balance-transfer fees jumped by 33%.

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To make a long story short, card issuers have raised balance transfer rates and fees big time, so many cards that used to charge 2-3% are now charging 4-5%.

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