Cryptocurrency Q&A
How much is a 3% transfer fee?
How much is a 3% transfer fee?
IncheonBeautyBloom
Sun Dec 01 2024
|
5 answers
962
I'm trying to figure out how much a 3% transfer fee would be. I need this information to understand the additional cost associated with a particular transaction I'm considering. Can someone help me calculate this?
5 answers
HallyuHeroLegendaryStarShine
Tue Dec 03 2024
For example, if you have a $6,000 debt and decide to transfer it to a credit card with a 3% balance transfer fee, you will be charged an additional $181.
Was this helpful?
276
29
Rosalia
Tue Dec 03 2024
Transferring a debt to a credit card can sometimes be a beneficial financial move.
Was this helpful?
40
21
EthereumElite
Mon Dec 02 2024
This means that the new balance on your credit card will be $6,180 after the transfer fee is applied.
Was this helpful?
188
24
CryptoMagician
Mon Dec 02 2024
However, the fee may be worthwhile if you end up paying less in interest overall.
Was this helpful?
228
59
Valentino
Mon Dec 02 2024
The longer the 0% APR offer on the credit card, the more time you will have to pay off your balance without accruing any interest.
Was this helpful?
230
33
