The biggest benefit of using a balance transfer
credit card for debt consolidation is the potential to save money on interest charges. Many balance transfer cards offer a 0% introductory APR for a certain period of time, usually between 12 and 18 months. This means that you won't accrue any interest on your transferred balance during that time, giving you a chance to pay down your debt
without accumulating more interest charges.
Another benefit of using a balance transfer credit card
is the convenience of having just one payment to make each month. When you have multiple credit cards with different due dates and minimum payments, it can be hard to keep track of everything. Consolidating your debt onto one card simplifies the process and can make it easier to stay on top of your payments.