The balance transfer deal is a common promotional tool used by credit card companies to acquire new customers. This type of promotion usually allows a new customer to open an account, transfer balances from one or more of their existing credit cards onto the new account – usually up to a certain dollar amount – and pay very low or no fees on that transferred balance for a fixed period of time. The opportunity to pay off high interest credit card debt at a lower rate can be tempting, but it isn’t necessarily something you should do. Here is some credit...

Read More »