Struggling to make a dent in your credit card balance? Navy Federal breaks down how a balance transfer may benefit you.

Excellent post. Thank You for sharing this.

thanks for sharing

How about not get into crazy credit card debt to begin with? Yeah you can do a balance transfer for a fee, which adds to more debt. Then you can pay the minimum payments (people always say they will do more but usually don't) and by the end of the year when your 0% or whatever low interest rate is up, you barely have a better overall balance than when the transfer took place. Guess who made money though? The bank.

Don't buy into these balance transfer offers or suggestions. They are not worth your time. NOTE: I am not a financial advisor and I am not providing financial advice. I am only expressing my opinion.