And Here's Another Rotten Reality:
Many times, balance transfers don't have a grace period.
The new credit card may have a "zero" interest rate on new purchases, but it may not apply that rate to your balance transfer!
Sucker Punch! You're paying interest from day one.
Oh, we forgot to tell you that most credit card companies charge you a "transaction fee" to make a balance transfer.
So, why should I know about "balance transfers" right now?
If you end up getting the wrong credit card, you may need to get another card and do a balance transfer.
Stop the presses!
Before you even think about a balance transfer, review what we say about them in our credit card module: "Sucker Punch."