money in the long-term if you’re not careful. you can read our article here (link) to learn more about balance transfer traps.
even though you might see a 0% balance transfer offer, you can still be charged a balance transfer fee, which is usually between 1-3% of the balance. if you were to transfer $5,000 and your card had a 2% balance transfer fee, that’s $100 charged to your account right off the bat.
balance transfer cards might still come with an annual fee too, but you can find cards that charge $0 for both.
again, that 0% offer might seem tempting, but it’s only for a limited period of time. after that, 