Fee charged on any balances transferred

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Reference no: EM13890150

Your Christmas ski vacation was great, but it unfortunately ran a bit over budget. All is not lost: You just received an offer in the mail to transfer your $13,000 balance from your current credit card, which charges an annual rate of 20.8 percent, to a new credit card charging a rate of 11.4 percent.

What if there was a 3 percent fee charged on any balances transferred?

Reference no: EM13890150

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