 TITLE: What Is a Balance Transfer and How Does It Work? CONTENT: Is a Balance Transfer the Right Option for You?\n-----------------------------------------------\nConsider a balance transfer if your credit qualifies you for a card with a promotional 0% APR period and you can commit to paying off the whole balance, or at least a significant portion of it, in that time. A balance transfer might also be a good option if you can find a card with no balance transfer fee or the amount you'd pay in fees wouldn't cut notably into your savings.\nIn the right circumstances, a balance transfer can be a ticket to freedom from overwhelming debt, or a meaningful step in that direction. END