If you're a smart credit cardholder, you must know what transferring credit card balance is.
For those who don't, I'll say the following: imagine you have a credit card with outstanding balance on it which you are not likely to pay off soon and easily. you can, of course, cut all your expenses on this very credit card and set off paying on it each month more than just the minimum. It is a hard task, really.
So, why not move your current debt onto another credit card with a much lower interest rate and pay it off comfortably without much limiting yourself? Today credit card companies are quite ready and willing to offer you balance transfer credit card deals and wise customers sieze every little opportunity.
Some credit users manage to save hundreds in interest with such credit cards!
But it all is not that easy as it seems at first sight. The point is that there are cardholders who get too much involved in this game with credit card balances and they end up with a new debt apart from the one on the old credit card.
So, if you mean to get yourself a balance transfer credit card, be ready to use it only for most needed purchases and to pay it off in time and in full so as not to accumulate new debt.