Although a balance transfer to a 0% card may sound inviting, you need to be aware for the 2%, 3%, or even 4% that is charged upfront for the transfer. The interest rate may be lower that the current location of the debt, but what is the term of the new offer? You effective rate can then be even higher. What is your plan when the term expires? What is the new interest rate on the remaining balance? Are you awar that moving your debt regulary may cause your credit score to decline? These are important facts to know when moving money.