Using a balance transfer to manage debt may be a good idea, or it may be a terrible idea - it really depends on your situation. Balance transfers are an easy way to combine all your credit card debts into one, but you have to be careful with them. Usually they come with fees and costs and even if they have a teaser introductory rate that lowers your interest costs and payments, those introductory interest rates can jump significantly after 6 months to a year. If you opt for a balance transfer, make sure that you look into the fees, interest costs and make the decision based on the true lifetime cost of the new account. Also, be 100% certain NOT to run up your old cards!