(NewsNation) — Americans owe a record $1.14 trillion on their credit cards, and carrying debt has become more expensive, but a refinancing method known as a balance transfer could help ease the pain.

If you’re drowning in credit card debt, transferring your balance to a card with lower interest might sound like a lifesaver. But before you jump in, you’re probably wondering: “Do balance transfers ...

Balance transfer checks are a way to transfer credit card balances from one issuer to another with a lower interest rate. These checks may come with fees and may not offer the same benefits as balance ...

A Reddit user got a credit card with a balance transfer offer. The Redditor has a 0% promotional rate for 10-months. Balance transfer offers can be a great way to pay off debt but you need to shop ...

You can stop bleeding interest on credit card debt with one of these cards, allowing you to transfer a balance and not pay ...

Credit card balance transfers can be a smart way to reduce your credit card monthly payments or, in some cases, pay off what you owe entirely. The fee you'll pay to transfer your balance — which ...

If your balance isn’t paid off during the introductory period, interest charges start accruing on your remaining balance. Options for handling the remaining balance include making a lump sum payment, ...

With more than 50 million redeemed miles under her belt, Becky Pokora is a rewards travel expert. She's been writing about credit cards and reward travel since 2011 with articles on Forbes Advisor, ...

Balance transfers are sometimes used to transfer one high-interest credit card balance to a new credit card offering little-to-no interest. Promotional 0% APR introductory periods are common with new ...

Balance transfer credit cards can help save on interest if you pay off all or most of your balance before the introductory period ends. Some people run into trouble by missing payments, making only ...