This is the way it too often goes: A consumer is overambitious with her credit card, accumulates a worrisome amount of debt, and then looks to transfer her debt to a new credit card with a low, maybe even 0%, introductory rate on balance transfers.
It seems a wise move.
But is it really?
Sometimes yes; sometimes no. It all depends on the card you’re considering, the balance-transfer fee it imposes, and the balance transfer APR you’ll pay early on and over time.