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Balance Transfers, in plain language
0% intro offers, transfer fees and the fine print.
What to know
- A 0% intro APR pauses interest on moved debt
- Most transfers charge a 3–5% fee
- The regular APR returns after the intro window
- Best used with a payoff plan inside the 0% period
Watch out: If you don't clear the balance before the intro APR ends, the regular rate hits the remainder.
Key terms
Intro APRA temporary low/0% rate for a set period.
Transfer feeAn upfront fee, often 3–5% of the amount.
Regular APRThe rate that applies after the intro period.
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