Pay Off High-Interest Credit Card Debt With A Balance Transfer | NerdWallet

A balance transfer is a type of credit card transaction in which debt is moved from one account to another. For those paying down high-interest debt, such a move can save serious money on interest charges if done strategically. But what's the catch? Suggested Articles: Compare Balance Transfer Credit Cards: https://www.nerdwallet.com/balance-tr... What Is a Balance Transfer, and Should I Do One?: https://www.nerdwallet.com/article/cr... How to Choose a Balance Transfer Credit Card: https://www.nerdwallet.com/article/cr... #NerdWallet #CreditCardDebt #CreditCard Subscribe to NerdWallet - https://bit.ly/3wGvVf3 About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions. Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok:   / nerdwallet   Follow NerdWallet on Instagram:   / nerdwallet   Follow NerdWallet on Twitter:   / nerdwallet   Follow NerdWallet on Facebook:   / nerdwallet   NerdWallet Website: https://nerdwallet.com Pay Off High-Interest Credit Card Debt With A Balance Transfer | NerdWallet    / nerdwallet