Can balance transfers help you?
6 August 2008
Balance transfers are not for everybody. Many credit cards that offer balance transfers require the user to pay off all of their transferred balances before interest free days on purchases can take effect. Also, often balance transfers must be paid off before any other debts can be addressed. This is especially worrying, as people who rely on using their credit card at all may find themselves falling into even more debt before they can pay off their balance transfers.
Before using credit card balance transfers, make sure you can afford to go without using your credit card for a while, or else keep one of your other credit cards to use while you are still paying off your balance transfers.
If you would like to compare credit cards, please visit our dedicated page and feel free to browse our site to read more about using balance transfers.
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