Credit card companies know that there are occasions when you want to consolidate your debts onto one card. So by offering good deals on balance transfers, they gain new customers and you get a chance to clear an outstanding debt whilst saving hundreds of pounds on interest payments.
If you are one of the thousands of multi credit card customers who forget to pay their minimum payments each month, you could be saving the money wasted on late payment charges. Another great balance transfer option is to go for a card that offers a low interest rate for the life of the card. This means that you know exactly what your interest charges will be and they won't increase. Compare the latest Best Picks for Balance Transfer Cards by clicking 'More Details' where you can apply direct to the providers.