What is a balance transfer credit card? What types of debt can I transfer to a balance transfer credit card? Are there any fees associated with balance transfers? How do balance transfer credit cards ...

Many Americans carry a balance on their credit cards. In the first quarter of 2025, U.S. consumers’ credit card balances totaled $1.18 trillion, according to the Federal Reserve Bank of New York.

Clint Proctor is a lead editor with the credit cards and travel rewards team at Forbes Advisor. He has five years of experience in personal finance journalism and has contributed to a variety of ...

Used well, a balance transfer card can turn high-interest debt into a predictable payoff plan instead of a monthly scramble.

How do you feel about moving credit card balances to other companies to get lower rates when you’re trying to get out of debt? I just paid off my first credit card, and a friend suggested this idea ...

Balance transfer checks are a way to transfer credit card balances from one issuer to another with a lower interest rate. These checks may come with fees and may not offer the same benefits as balance ...

Balance transfer credit cards can help you get out of high-interest debt quickly and efficiently. There are several pitfalls to avoid that can end balance transfer periods early, costing you money and ...

It's tempting to just go for the option with the longest intro APR period. But you might be better served with a card that has a shorter 0% term but a lower transfer fee or more long-term value. Many ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

While carrying a balance on your credit card should never be your first choice, it's growing increasingly unavoidable for many Americans. The most recent New York Fed report on household debt and ...

A friend of mine almost didn't do a balance transfer because of the $300 fee. He was nervous about paying that much up front -- totally fair. But once he ran the numbers and saw he'd save over $1,400 ...

Years ago, one of my closest friends found himself staring down about $30,000 in credit card debt. He was juggling multiple cards, paying 20%+ interest, and was extremely overwhelmed. Then he ...