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    ur credit card company needs to increase the interest rates.

    - Some low-rate cards levy a transaction fee, to avail of the balance tran

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    Most credit cards offer the balance transfer facility. Balance transfer implies transferring the outstanding or balance amount payable on one credit card to another credit card with a lower interest rate. Before you go ahead and opt for a new credit card, solely because of the balance transfer facility, keep the following pointers in mind.

    - Low introductory rates on credit cards last anywhere between 6-12 months. Most of the major credit card companies have zero percent rates on balance transfers. However, one late payment is all the invitation your credit card company needs to increase the interest rates.

    - Some low-rate cards levy a transaction fee, to avail of the balance trans

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    credit card to another credit card with a lower interest rate. Before you go ahead and opt for a new credit card, solely because of the balance transfer facility, keep the following pointers in mind.

    - Low introductory rates on credit cards last anywhere between 6-12 months. Most of the major credit card companies have zero percent rates on balance transfers. However, one late payment is all the invitation your credit card company needs to increase the interest rates.

    - Some low-rate cards levy a transaction fee, to avail of the balance tran

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    ce transfer facility, keep the following pointers in mind.

    - Low introductory rates on credit cards last anywhere between 6-12 months. Most of the major credit card companies have zero percent rates on balance transfers. However, one late payment is all the invitation your credit card company needs to increase the interest rates.

    - Some low-rate cards levy a transaction fee, to avail of the balance tran

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    nths. Most of the major credit card companies have zero percent rates on balance transfers. However, one late payment is all the invitation your credit card company needs to increase the interest rates.

    - Some low-rate cards levy a transaction fee, to avail of the balance tran

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    ur credit card company needs to increase the interest rates.

    - Some low-rate cards levy a transaction fee, to avail of the balance transfer facility. Run in the opposite direction (without the credit card being offered) when you hear of a transaction fee.

    - Ensure that your old credit card company has sent you a billing statement which states that you have cleared your outstanding balance. Make sure this tallies with the billing statement issued by your new credit, which confirms all the balance has indeed been transferred. Only then should you close your old credit line.

    - Keep making minimum payments on your old card, while availing of the balance transfer facility, which may take

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