Transfer a balance onto a card with a low introductory rate and you can potentially save money on interest if you refrain from charging on it and focus on paying off the balance before that introductory rate expires. Chances are, that card carries a high interest rate you’ll be forced to deal with if you don’t pay off your balance each month. Even if you feel robust and invincible, a single emergency room trip or car accident could force you to put large balances on credit cards, causing interest to accrue and more debt to pile up. Besides wasting money you could’ve put toward the balance, a payment that arrives at least 30 days past due can throw your account into default and triple your interest rate. Read More