Credit card balance transfers are one of the financial world's great empowering features, but they can only be done successfully if you follow the rules and don't fall foul of them. Firstly you must consider the benefits, then the pitfalls. These two aspects are more or less permanent features of the credit card balance transfer system.

The benefits can be summarised as the product of a twofold strategy:

You can transfer credit card balances once the initial interest free period is up to another card, and so continue your interest free credit.