The Dos and Don'ts of Credit Card Balance Transfers

If your credit is great, or even just in fairly decent shape, you may regularly receive offers for credit card balance transfers in the mail.

Whether or not you should accept a balance transfer deal depends on many factors, including the fine print of the balance transfer agreement and whether or not you can successfully use the balance transfer to better manage your overall debt.

Shifting debt from one credit card to another is more art than science, but done properly, it can save you lots of money -- particularly if you're taking debt from one high interest rate card and putting it on another, lower interest rate card. Balance transfers can also help you improve your credit score.