Distracted by Low-Interest Credit Cards?

As savvy credit card users know, you're not always stuck with the high-interest-rate cards that issuers send your way. With some telephone calls and a few balance transfers, you can often lower your double-digit interest rates to some much more reasonable single-digit numbers.

Many Fools who hang out on the Credit Cards and Consumer Debt discussion board have become masters of this art. If you want to try your hand, make sure to take a look at their advice. They can help you steer clear of any traps and tricks along the way.

Successfully executing this deft maneuver can lead to some questions. Once you've managed to lower the interest rates on your credit card debt, what comes next?

When you're carrying high-interest consumer debt, the pressure's on to pay it off as soon as possible. But lowering those rates drastically can relieve a lot of that pressure, causing an inquisitive Fool to wonder whether it's best to keep attacking that debt. Or, maybe they're finally in a good position to start putting some money where it might be more profitable, so they may wonder whether it's time to start investing.

Read more at: Distracted by Low-Interest Credit Cards?