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If you use the card for anything else, the other charges may generate interest while payments are applied first to the no-interest balance.
Also, the no-interest or low-interest period is generally limited.
You can take out a car loan, using your automobile as collateral.
You can also use other assets as security for a loan.
Accepting a no interest, or low interest, introductory rate on a credit card is often used as a substitute for an unsecured personal loan for debt consolidation.
The biggest benefit to an unsecured debt consolidation loan is that no property is at risk.
Using balance transfer options on no-interest or low-interest credit card offers are tricky.
A variety of financing firms will also loan you money against lawsuit claims, lottery winnings, and annuities. Lower interest rates will likely make the monthly payment lower and more affordable.
Sometimes, the interest payments are even tax deductible.
For example, in many instances interest paid on loans secured by real estate is allowed as a tax deduction.
A single monthly payment with a lower interest rate is likely to ease your financial burden substantially.