A recent surge in low-interest or high-rewards. credit cards may be tempting some debt holders to transfer their balances from one card to another. However, FOX News recommends that card holders weigh the pros and cons before making any changes.

Because new credit cards typically hold an average of 14 percent interest, transferring a balance to a 0 percent or lower card may be a good way to save money. Additionally, minimal interest may make it easier to pay off balances quickly.

The news source warns, however, that transferring balances may give some shoppers a false sense of progress, leading them to spend more because of the perceived improvement. Remember, even with a lower interest rate, one must still practice money management techniques.

There may also be fees associated with transferring balances. Typically, balance transfer offers include a charge of 3 percent of the total amount owed. The news source points out that this would mean transfer of $10,000 would result in a $300 fee.

According to MSNBC, there are several techniques one can employ to pay off debts quickly. Those with a large balance should stop using their credit cards to make purchases and aim to use their own finances when shopping.