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Ideally when the interest rate is high on the current credit card one holds, at times the monthly payments may extend or the amount that is paid is high, which at times consumers are not able to keep pace with and tend to default in their payments, leading to a dip in their credit scores and a negative in their credit history as well. A balance transfer however helps the consumer to avail credit at a better rate of interest making it easier on the pocket for the monthly payments, thus enhancing the credit score and history.

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