Reasons to Transfer Balances:

• Start paying off a larger portion of your balance each month, not just the interest, with your new low rate.
• Consolidate your bills into one account. Most credit cards offering balance transfers will provide you with 3 or 4 checks to pay off your current accounts. Make sure you transfer the balance of the most costly card first. This may not necessarily be the card you hold with the highest interest rate.
• Did you know that you can transfer a balance of a friend or spouse onto your new card to help them reduce their debt? Once you receive your new card and transfer checks, make one out to your friend or spouse's account thereby giving them your new low rate.
• You may need to call your credit card company and change your due date for each month. For example, if you get paid by direct deposit each month on the fifth, but your credit card payment is due on the 1st, call and have your due date changed. Not only can you get hit with a late fee, but you could lose that 0% apr you just received.

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