Credit card companies commonly use low interest rate balance transfers to attract new customers.
There are three main ways to transfer the balance on a card.
One way is by simply filling out the paperwork provided by your new card issuer.
Or you can contact the credit card company that you want to transfer a balance to and make arrangements for a balance transfer.
You can also shift balances by writing balance transfer or convenience checks.
These simple checks look and act like regular checks.
You simply write a check for the amount of the balance transfer and send it to the company you want to transfer a balance from.
Some checks have an expiration deadline, so make sure you use them within the appropriate time frame.
If you don't, you'll be charge the regular interest rate set for your card.
Regardless of which transfer method you use, you can only transfer as much as your credit limit on the card you are transferring allows.
Next find out about fees and other transaction costs associated with balance transfers.