Learn how balance transfers can help improve your credit.
You can take advantage of promotional interest rates to transfer a credit card's balance to a new credit card. Balance transfers give you the opportunity to pay down debt.
Explore how balance transfers might impact your credit score, both positively and negatively.
Before you transfer a balance to a credit card with a lower interest rate, understand its effect on new purchases and other costly fine-print traps.
It is fairly straightforward to transfer a credit card balance from one card to another, but fees and rates can differ among issuers.
A credit card balance transfer allows you to move existing credit card debt to a new card, often with a lower interest rate.
Most credit cards offer either a good deal on 0% balance transfers OR purchases, but some do both with only one credit check - see Money Saving Expert.
If you're paying interest, see if you can transfer your debt to a 0% deal. See Martin Lewis' picks to discover the best balance transfer credit cards.
A balance transfer can help you save money while paying off debt. Learn more in our detailed guide to balance transfers and how they work.
Check out the best balance transfer credit cards in Canada, according to NerdWallet’s analysis.