Credit card balance transfers can help manage high-interest debt by moving balances to a card with lower rates. However, they come with complexities like transfer fees and potential pitfalls. Understanding how to strategically use balance transfers as part of a broader debt elimination plan is crucial to avoid merely postponing financial issues. Key considerations include the true cost of transfers, strategic timing, and avoiding common traps. Mastering these elements can turn balance transfers into a powerful tool for debt reduction.

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