Many Americans carry a balance on their credit cards. In the first quarter of 2025, U.S. consumers’ credit card balances totaled $1.18 trillion, according to the Federal Reserve Bank of New York.

Transferring your balance to a new card can be beneficial in terms of saving on interest payments while you work toward reducing your debt. However, it's important to consider a few key factors. First ...

Requesting a balance transfer with Discover is as simple and easy as applying for a new balance transfer credit card with the issuer. If you’re already a Discover cardholder, you can check your online ...

Holly Johnson is a credit card expert and writer who covers rewards and loyalty programs, budgeting, and all things personal finance. In addition to writing for publications like Bankrate, CreditCards ...

June 24, 2024 Add as a preferred source on Google Add as a preferred source on Google Credit card balance transfers are a useful yet often misunderstood tool. When used strategically, they can offer a ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...