The content is accurate at the time of publication and is subject to change.

While just about any general credit card will allow you to transfer your balance, some cards are better for this than others. If you find the right card, transferring your balance could potentially save you a lot of money.

First, make sure the new card has a balance transfer option. If it does, check if it charges a fee for transfers. The most you'll usually be charged is 3%. That doesn't sound like much, but it can add up fast. There are plenty of cards that don't charge a transfer fee.

Another considering is the card's APR. Many cards offer a 0% introductory APR on balance transfers. This is a great way to cut down on your costs and to have a little more cash on hand to pay off your card balance. The introductory rates don't last forever, though. So check out the standard interest rate for the card before transferring. You don't want to be stuck with a high APR if you can help it.

tags : Balance Transfers Credit Cards Low Interest Shopping

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.