Balance transfer offers provide a low promotional interest rate that can save you money and make it easier to pay your existing debts. They also come with a lot of rules and possible pitfalls that can lead to more debt if you’re not careful.
By learning about the following 10 balance transfer facts, you will be able to make better use of this feature if and when you need it.
Key Balance Transfer Facts
Balance transfers are not a good debt solution for everyone, so you should consider these points and your individual circumstances before deciding to apply for any balance transfer offers.