Everybody talks about what to do once you have a balance transfer credit card (even we do). But who talks about what you should do before applying? Well, today we do.

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When you transfer your balance, your new credit card pays off the balance of the old card(s). The amount of debt you can transfer depends on your new interest rate. Now, instead of having your debt attached to a high interest rate, it is attached to a 0% rate. This means that you pay no interest for as long as the 0% rate is good.

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The best balance transfer credit cards offer 0% interest and a lengthy introductory period. MBNA’s Platinum Plus MasterCard currently has the best offer:

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A balance transfer helps by allowing you to avoid paying interest for a period of time, so your entire payment goes to reducing your debt.

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Paying credit card interest can hinder your efforts to become debt free. Here are some of the best balance transfer credit cards on the market:

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