General credit cards often have lower interest rates than store cards. If you transfer your balance to the right card, you could potentially save a lot of money. Look for a card that allows balance transfers and that does not charge a transfer fee. While those fees are typically only 3%, they can add up fast, particularly if you’re transferring a large sum.
Many credit cards offer an introductory 0% APR for balance transfers. With an offer like that, you’ll be able to pay down the balance more quickly because you won’t have to pay for interest. Introductory offers don’t last forever, though. Check the regular APR for the card to make sure you won’t be hit with huge costs if you don’t pay off the balance before the intro offer expires.
You should have several options for cards with no transfer fees, 0% intro APR and reasonable standard interest rates. Among those options, choose the one that fits your needs the best. If you can, consider a rewards card so you’ll earn points for your everyday spending.