Are you planning to switch from one credit card to another? Here are some important points you must know before entering into the process involved in it. The transfer of credit card balance enables cardholders to move the outstanding balance from one card to another. Credit card issuers lure customers through lower interest rates or sometimes even zero interest rates on the balance transferred. However, what you should know is that these rates are for introductory period only (say 3-6 months) and once this grace period is over, it returns to the normal rates, that is, what your previous credit card company charged you. The plus point is balance transfer helps the holders of multiple credit cards by reducing the overall interest cost. It can also be used to consolidate credit in a single card to make it easy to manage and transact.