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Jason, you have a good point. Account holders should always read the terms and conditions regarding balance transfers to make sure they fully understand what they are getting into. Thank you for the comment.

-- Contributed by: Tamsen Butler

Watch out! Some credit card companies like Capitol One, will invoice the balance transfer fees as purchases and charge you interest on that fee. There is nothing you can do about the interest or to pay the fee until the amount you transfered has been paid.

-- Contributed by: Jason

Thanks for your comment and for visiting LoveToKnow Credit Cards.

-- Contributed by: SusanWeber

Thanks for such a good article! Good luck!

-- Contributed by: 0% balance transfer card
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