Transferring Credit to another card with low interest rate is one of the great idea to save yourself from paying high interest rates . There are lots of credit card companies who can provide you the facility to transfer balance with low interest rate , in that way you can prevent yourself from paying high interest rates using your old card .
Some people says that its a short term solution and don't work in the long run but according my research and work I think you can make it a long term solution if you keep yourself updated with the frequent changes , as soon as you see some other credit card company with low interest rates and where you can easily transfer your balance without any transfer charges , I think you should then move on to that offer .There are lots of deals for balance transfer cards but I would recommend zero percent interest balance transfer because in this offer your will save more .
Imagine you have a good credit rating and a low interest to pay ? , This all could be possible you think wisely and select low interest rate credit card for balance transfer . Before you signup for a card you need to check several credit card perks . Information related to APR intro is very important , one offer might have 6 months intro while another one might have 36 month intro , when you are actually looking for your debt consolidation this information is very valuable .
In short , you should go for transferring your balance to low interest rate credit card . Just you need to check there is no late fee , annual fee or over the limit fee . If there is any then you should also calculate it in the estimate and final decision should be made after considering all these things .