A little economics...

Wouldn’t it be great if we could just transfer debt from one credit card to another with better terms and rates? Well, there is a way! Credit cards are a huge business today, with companies making big amounts of money off of finance charges. The average annual percentage rate is about 16% on most credit cards. A great way to lower the debt would be to have balance transfers, transferring the debt from one card with higher rates to a new one with lower.