Offer your thoughts or opinion on the input financial query or topic using your financial background.

Is it OK to use a credit card on zero-interest to pay some other credit cards with higher-interest?
Here's the issue as I see it. The fact that one has high interest debt says a lot about the potential borrower. Odds are very good that person will not pay the zero card off before the rate expires, and will likely charge more along the way.  I'd love to be able to say "great idea, borrowing at a low rate to pay off a high rate card will be the first step to getting you all paid off" but chances are in a year's time you will not be better off.  You said you know a lot of people that have done this. Have they all been successful? It's possible, but I'd heed the warnings of those here and first think how you got into the credit card debt.