Balance transfers are perfect when you want to change your credit card or consolidate credit card debts, it allows you to transfer your debt from your current credit card to a new credit card with a no interest period. The main purpose of a balance transfer should be to get a low interest rate or even no interest credit card to help your repayments. By choosing a credit card with a great balance transfer feature, you can save hundreds on interest repayments and repay your card sooner.