A credit card balance transfer basically is moving the debt from one particular card to another credit card. It is regularly an excellent technique to set aside money for savings. Various credit card companies offer an interest free period on balance transfers to new clients. This is the common promotions that card issuer gives to be able to attract more new customers.
Clients can merge their payables by transferring the balance from more than one card or be able to get a new credit card having lower interest rate. Switching to a credit card that does have 0% balance transfer can provide a huge savings for the card holder for a period of 16 months.
Best Balance Transfer Credit Cards Canada: http://www.cma1.ca/678