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

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 ...

Balance transfers are a useful tool for paying off credit card debt, as they allow you to move high-interest debt to a card with a 0 percent introductory APR. It is important to carefully consider ...

Pay down holiday balances faster with the best 0% intro APR credit cards. Compare top balance transfer picks and start 2026 ...

Balance transfer credit cards can help save on interest if you pay off all or most of your balance before the introductory period ends. Some people run into trouble by missing payments, making only ...

Moving debt to a lower-interest card can buy you time and money. Used casually, it can also keep you stuck in a loop of ...

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 ...

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 ...

The Wells Fargo Reflect® Card offers nearly two years of 0% intro APR, perfect for anyone looking to pay off debt or finance ...

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 ...