Service Fees On Credit Card's Balance Transfer Facility
Asalam u alaikum! Thanks for your reply unfortunately this doesn’t answer my query. I was asking in terms of the commission that is charged up at the front when requesting a balance transfer or money transfer from my credit card. This video relates to shopping on a credit card and then not clearing the credit card every month and then whatever interested is charged. This is classified as penalty. but my query is if you are transferring a balance from one credit card to another or if we are requesting the money to be a transferred from a credit card to our current account there is a commission that is charged at the front but they do advertise as 0% interest so there’s no interest charged on further but there’s only commission or service fee that is charged at the front so I was asking whether that is allowed or not?