Transferring your balance to a new card can be beneficial in terms of saving on interest payments while you work toward reducing your debt. However, it's important to consider a few key factors. First ...

Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. His work with Motley Fool Money and The Motley Fool has appeared in USA Today and Yahoo!

If you’re drowning in credit card debt, transferring your balance to a card with lower interest might sound like a lifesaver. But before you jump in, you’re probably wondering: “Do balance transfers ...

Balance transfers can help pay down credit card debt quickly if you’re taking advantage of a reduced-interest or no-interest promotional offer. But you must remember to make at least the minimum ...