
Exploring balance transfer credit cards can open up a world of financial strategies to help manage and reduce your debt. A balance transfer credit card allows you to move debt from a card or loan that’s charging you interest to a card that charges no interest for a period of time. After that 0% introductory APR time frame ends, the card’s ongoing interest rate kicks in. This approach, much like easy debt consolidation loans, can help you save on interest payments while you pay down your debt, but there are a few things to keep in mind.