Are Balance Transfers Worth It?

Ever thought about transferring balances on your credit cards? It may be worth a try, depending on your current interest rates and your potential rate.

Transferring balances can help you pay off your debt faster and lower your total interest. It’s important to consider the promotional interest rate, the length of the promotional period, the standard interest rate after the promotional period expires and what the fee is to transfer your balance from one card to another.