InvestorQ : Do banks charge customers for transferring credit card balance?
Diya Chitale made post

Do banks charge customers for transferring credit card balance?

Answer
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2 years ago


Yes, banks do charge their customers for transferring credit card balance from one card to another.

The charge, called processing fee, is usually a percentage of the amount transferred. Processing fees vary from one bank to another and customer have to pay this processing fee with the first monthly instalment on their card.

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