Although you may have transferred balances to cards with low rates of interest and are happy with the arrangements you've made to cut down on the overall interest you're paying, it's still important to regularly check the rate of interest being applied to your cards. Introductory offers such as 0% on balance transfers will end, and you are unlikely to be informed when they do, so it's best to make a note of their expiry dates somewhere you won't forget them.
What's more card providers can increase interest rates, meaning you're suddenly paying much more than you'd bargained for on your borrowing.
In any case it's worth checking every month or so what the interest rate is across all your cards - you'll find this on your credit card statement or can contact your provider if you aren't sure. If the interest rate on any of your credit cards rises unexpectedly then it's time to move that balance elsewhere.
It's also worth keeping an eye on new credit cards that become available (you can use our credit card comparison table to do this) in case you're able to balance transfer to a better deal.
