Key takeaways
- Balance transfers can be an effective tool for paying off high-interest debt, but only if handled carefully.
- You can transfer multiple balances to a new balance transfer card, but there may be restrictions based on your credit limit and creditworthiness
- While balance transfers can help with debt payoff, its important to be aware of potential risks and alternatives.
- Making a habit of frequent balance transfers may indicate larger financial issues that need to be addressed.
When it comes to paying down debt without the heavy burden of high interest rates, a balance transfer can be among your most effective tools but only if handled with care. That is particularly important if you plan to transfer multiple balances, as th…
Read the full article at: https://www.bankrate.com/finance/credit-cards/need-another-balance-transfer/