Have you ever found yourself overwhelmed by high interest debt? Or are you looking for a solution to tame your debt and save on interest payments? Credit cards offer a convenient way to make purchases, but they can also lead to a cycle of high interest debt. If you’re struggling with balances on multiple cards, a balance transfer can be a strategic option to consider to help you streamline your debt repayment process. In this comprehensive guide, we’ll explore the intricacies of balance transfers, from how they work to their potential benefits, risks, and strategies for maximising their effectiveness. What is balance transfer? At its core, a balance transfer involves shifting your existing high interest credit card debt from one card to another card, with 0% interest or ideally 0% interest, for a set period. The primary goal is to temporarily pause the interest accrual on your transferred balance, giving you a crucial window to pay down the debt...