Balance Transfer credit cards are credit cards that allow their holder to transfer debt from one credit card to another by using the available debt limit. Not every credit card allows the holder to take advantage of this feature, which is usually reserved for new credit card accounts and often only in conjunction with a balance transfer offer specifically assigned to that credit card. In most cases, if the credit card offer includes a balance transfer option, the application will usually attempt to draw the applicant's attention to it.
Balance transfer credit cards are designed to allow the holder to consolidate all of his or her debts onto one credit card. This is done with the intent of making it easier for the consumer to pay it back. Most balance transfer credit cards come with an introductory interest rate of 0% for a limited period of time.
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