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That's an excellent idea since most general credit cards will offer lower interest rates. The majority of credit cards allow balance transfers, but some charge a transfer fee of around 3%. Also, many cards will offer an introductory 0% APR for balance transfers. It shouldn't be too hard to find a card that doesn't charge a transfer fee and will give you a 0% APR for the first few months.

tags : Balance Transfers Interest Rates Shopping

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All rates and fees, and other terms and conditions of the products mentioned in this article/post are accurate as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.