Be sure to check if your intro - APR balance transfer offer includes a
break on the balance transfer fee; most offers don't, so you'll still be on the line for 3 % to 5 % of your balance (depending on the card).
But in late 2008 and into 2009, getting and wisely using a balance transfer has turned into a tricky business, with limited credit limits, tighter credit standards and an end to
caps on balance transfer fees.
Something to keep in mind: most cards offering a
break on the balance transfer fee will require that qualifying balances be transferred shortly after opening your account (generally within the first 90 days).