Debt is your biggest financial burden, all courtesy of the many credit cards that you use from time to time to make a purchase and render services, which allows you to make payments for the same at a later date.

Balance transfer in simple terms can be explained as the process wherein you transfer debt incurred on one credit or any other credit and that you own, in order to consolidate and make payments more effectively.

Balance transfer cards allow you to transfer and consolidate your debts to a card which charges a no or low rate of interest on the amount due. However, there are a number of things to be considered while availing a fee 0% balance transfer card.

One of the most beneficial advantages of balance transfer credit cards includes transferring your existing debt from a high-interest credit card to a low-interest credit card. In the case of a high-interest credit card or cards for that matter, the repayment will take a hefty toll on your finance after meeting interest payments and principal payments.