Credit card balance transfer refers to the process where you transfer the balance of a card that is charging high interest to a card that is charging zero or very low rate. This way, if you are looking out for a way to pay off your credit card debt, the balance transfer may prove to be a smart move for you. However, like with any financial move, you need to be very careful here as well. Following is a brief rundown on how to go about it.

Search For Balance Transfer Offers
Obviously, the first step is to start looking out for balance transfer offers that you qualify for. You may be offered a card with zero-percent interest for an introductory period. This introductory period may range from six to twelve months. But, you must keep in mind that the rates may hike dramatically after this introductory period. So, you must try to make the best use of this period to pay off your debts. At the same time, you must also have the strategy to follow after the promotion period ends when rates start rising.     

Requesting For Balance Transfer
Once you find the right offer for credit card balance transfer, all you have to do is just to give a call to customer services and request them to transfer the balance on your existing card to the new card. In most cases, you will be charged a small amount of fee for the process. Most companies charge a 3% fee on the outstanding balance. The company will then send you a check, which you can cash and pay off the debts on your existing card.

Online Process     
You may also choose to go for the online process, where you need to sign up for an online account with the new company. Once your online account is activated, you can directly transfer the amount from your new card to the old card.

Try To Pay Off The New Card Balances Within The Introductory Period Only
The credit card balance transfer game can prove to be beneficial only if you pay off the acquired debts on your new card within the promotion period only because the interest rate during this period is either zero or very low. So, try to make as much payment as you can every month - don't just make the minimum payments. Save more money and use this savings towards the repayment of your new debt.   

Overall, the credit card balance transfer process can be an excellent option for you but only if you have the right approach towards the same.