If you have credit card bills that are getting a little hefty, you might think about a credit card balance transfer. You’re taking all those other credit card bills, and moving them to one.

Here’s how you do it.

The key is to find a credit card with a low or 0% balance transfer fee.

Next, use that low “teaser rate” to your advantage. That’s the rate to attract you to the card, and it has to last at least 6 months.  Some last longer, so give them a look.

Then, try to pay off your balance during that teaser period.

A lender will take a look at your credit history.  Usually, your credit has to be pretty good credit to qualify for these balance transfer cards.  If it’s not, you might want to consider a personal loan to replace that credit card debt.

But if you qualify, transferring your credit card balances could save you cash.

Do us a favor please.  Tell your friends about us so they can be smarter about their money too.