Free balance are a great way to reduce your credit card payments by lowering your interest rates and a record number of credit card users are expected to make them during the first three months of 2008. Keep in mind, however, that balance transfers will still cost you money. The best ones will charge around 2.5% in order to transfer your balance - but this is still far better than paying the higher interest rates! Also, remember that the 0% interest rate is typically for a promotionally period only until it resets to a higher rate - so it is very important to get the card paid off during this time period.

From Motely Fool:
If you splashed out over the Christmas period, you could find yourself saddled with a large debt on your plastic. The New Year has arrived so now is the perfect time to get your finances back into shape which means switching to a 0% balance transfer credit card. That way you can put a temporary stop on your interest while you get to grips with your debt. Voila!