Balance transfer offers give you a low introductory rate of interest when you move debt from an existing card to the new card. To take advantage of a balance transfer offer, you need to request it when you apply for the new card and then wait for it to be approved and processed by the new credit card provider.

Balance transfer offers give you a chance to pay down your debt while saving on interest charges, but usually apply a high standard rate of interest if you still have debt at the end of the introductory period.

If you want to get a balance transfer to help pay down debt, you should always check the standard balance transfer rate and aim to pay off the balance before it is applied.