Definitions for "Balance Transfer Fee"
A fee that may be charged to cardholders for transferring a balance from one card to another.
A fee charged by the issuer of the credit card receiving a balance transfer. Usually 1% to 5% of the amount transferred with a maximum charge of approximately $50. Not all issuers charge a balance transfer fee and most do not have a fee for promotional transfers or for new customers.
The fee charged to transfer balances between two credit sources. This fee is often a percentage of the amount transferred.