I will say Avoid Balance Transfer. Do it only when in emergency because you also have to pay the processing fee and interest for that month(s). There is also one 3rd party service called www.2urhelp.com which actually makes shopping purchase on your credit card and then transfer that amount to your bank account. Credit card Bank will get this as shopping purchase in the statement, so there is no interest at all on that purchase. And the same purchase amount is transferred to your saving bank account. But this service takes around 4% one time processing fee which is much better compared to 12% loan on credit card or a balance transfer. But I encourage you to use this service only in very emergency.
Most of the renowned personalities in the field of finance have always advised to avoid the use of credit cards. Credit cards are not bad, if it is used efficiently. The biggest mistake credit card user does is they fall into the trap of debt. Read Credit Card - Basics
Bal?ance Trans?fer is the process of trans?fer?ring an amount due from one credit card to the other credit card. This is only pos?si?ble if an indi?vid?ual have two credit cards. In other words, it is a process of delaying/postponing your pay?ment for few months by pay?ing a charge.
