A balance-transfer loan can turn revolving card debt into a fixed repayment plan, but a smaller instalment can simply mean a longer term. Compare the approved APR, total repayment and final payoff date together.
Check the full offer
List every card balance, APR and due date. Then check the new product's approved APR, fees, term, monthly instalment, early-settlement terms and transfer timing. Promotional flat rates alone are not enough. HKMA credit-card consumer information
The behavioural risk matters too
The plan only works if old-card spending stops while the new loan is being repaid. Otherwise it can create a loan plus fresh card debt.
Use the Debt Consolidation Calculator for total cost and payoff date, and the APR Calculator to put fees and terms on a comparable basis. If minimum payments are already unaffordable, contact the lenders early and seek qualified independent help where needed.