How a Credit Card Balance Transfer Can Improve Your Credit Score

Right before and after the holidays you'll probably get a lot of bank offers to transfer credit-card balances from one account to another. If you see balance transfers as an opportunity to go on a shopping spree, chances are you haven't quite learned how to manage credit and debt wisely, and that balance transfer deal is simply going to lead you into financial trouble.

But does that mean that balance transfers are always bad ideas for everyone? Absolutely not.