It is usually a good way to reduce the amount of money you pay back on your existing debt by transferring a high interest credit card balance to one with a better interest rate and/or better overall terms and features.

You may also be able to benefit from a rewards program or it might be possible that you may gain other features you didn’t already have but this depends on the “better” credit card you select.

These features might include travel accident insurance coverage or an extended warranty program for new purchases that you made with the card. Sometimes you may encounter such situations when at first glance balance transfer does not look the great deal, so before moving your accounts around, it’s important to do your research.

If you have decided to take advantage of a balance transfer offer, then here we are presenting you a guide for a smooth transition from one card to the other, so use it to avoid costly or time consuming mistakes: