Balance transfer cards are a great way to manage credit card debt. Balance transfer cards allow you to move the debt from another credit card and often come with generous incentives like an interest-free period.
These interest-free periods can last several years, providing you keep paying the minimum amount. You also cannot spend on everyday purchases and keep the bonus. If you made a mistake and can’t handle your credit card bill then this can be a great get out of jail free card.
Just make sure you keep paying the minimum plus whatever you can afford to bring down the debt by the time interest starts.