If you have a high-interest credit card balance, you may want to consider transferring it, but you should think about it carefully before doing so. If you have a solid credit score and are confident that you will qualify for a lower rate card or a card with a promotional rate, you might save a lot of money on interest payments. Transferring to a card that rewards you for transferring a significant sum during the initial period can also be a good choice.
If your credit isn't flawless, however, you might have trouble getting a card with a better rate. You could want to consider a consolidation loan, which may have a cheaper interest rate. However, you must be careful not to choose a lengthier loan period, as this will increase the debt's final cost.