Like so many Canadians, you probably went on a bit of a spending binge over the holidays. With all those credit card bills now coming due, the new year is a great time to consolidate your debts and get your financial house in order.
Balance transfer credit cards are a useful tool for Canadians whose debts have piled up because they allow you to transfer balances from one card to another. The interest rate relief you’ll experience is immediate – instead of paying upwards of 20% on your credit card debts, you’ll be paying 0-3% on the new card.
Here are some of the best balance transfer cards available in 2014: