A balance transfer credit card can save you hundreds of dollars on interest and help you get out of debt much faster. According to WalletHub research, even the average balance transfer credit card has a 0% APR for around 12 months, with a 3% balance transfer fee and a $0 annual fee, providing a big discount compared to the average card overall. Doron Levit, associate professor of business economics at the UW, is interviewed.