It’s no secret that balance transfer credit cards can offer some major benefits to those looking to get out of debt and save money. These cards allow you to transfer existing debt from one or more cards to the new balance transfer card, and usually feature a promotional period with 0% APR. This period can be as short as six months and up to a year or more depending on the card. It’s important to note however that after this period ends the regular interest rate will apply to the remaining balance.

With these cards, you can save money on interest, as well as benefit from potentially lower payments. This is because the balance transfer card will usually offer a longer repayment period than the cards you are transferring from. You can also take advantage of additional features, such as cash back rewards, frequent flyer miles, and other bonuses.

Another major advantage of balance transfer cards is that they can help you improve your credit score. If you’re stuck with high balances and high interest rates, then transferring that debt to a card with a 0% APR for a promotional period can give you some breathing room. This will help you pay off more of the balance before the end of the promotional period, thus improving