Balance Transfer Fee definition
Examples of Balance Transfer Fee in a sentence
If your account is subject to a Balance Transfer Fee (finance charge), the fee as disclosed on the Disclosure accompanying this Agreement will be charged to your account when you transfer a balance from an account of another creditor to the account subject to this Agreement.
Minimum Interest Charge None For Credit Card Tips from the Federal Reserve Board To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/creditcard Annual and Transaction Fees: Annual Fee Cash Advance Fee Balance Transfer Fee Foreign Transaction Fee Penalty Fees: Over-the-Credit-Limit Fee Returned Payment Fee Late Payment Fee None None None 1% of the Transaction Amount.
Balance Transfer Fee Subject to any promotional offer we may make to you, 3% of the balance transferred is payable for each balance transfer processed to your Account.
If your account is subject to a Balance Transfer Fee, the fee will be charged to your account when you transfer a balance from an account of another creditor to the account subject to this Agreement.
If you obtain a Balance Transfer by using an instrument that we provide you that contains the words “Balance Transfer Check” or “Balance Transfer Request” or by calling our Service Center, the Balance Transfer will be treated as a Purchase Advance, and the Balance Transfer Fee shown in the Account Opening Disclosures will apply.
When a Balance Transfer is treated as a Purchase Advance, the amount of the Balance Transfer Fee will be added to the Purchase Advance daily balance within one Business Day after we process your Balance Transfer Request.
Balance Transfer Fee for Gold, Classic, and Platinum Cards: 3%of the balance transfer amount ($10.00 minimum, $50.00 maximum), CoreCard no balance transfer fee.
The Balance Transfer Fee may cause the ANNUAL PERCENTAGE RATE on the billing statement on which the Balance Transfer first appears to increase.
The second (2nd) component of the FINANCE CHARGE is the Balance Transfer Fee.
For each Balance Transfer to your Account, you will be charged a Balance Transfer Fee equal to the greater of $5 or 3% of the amount of the Balance Transfer.