The problem is the large interest rate on the large debt. Say you can manage to shovel $200 onto the card each month youd still pay $700 in interest over two years.

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Instead you need to pay no interest with a card offering a 0 per cent balance transfer but yes, you need to be very careful how you use such a beast.

Firstly, stick the new card on ice perhaps even literally, in the freezer. Or just cut it up. Youll get no interest-free days on any new spending and the interest rate is often higher even than the average 18 per cent.

Secondly, put reminders on calendars everywhere on the date your 0 per cent honeymoon period ends. If youre not in the clear by then, the interest rate typically also leaps way up above 18 per cent.

But you w…

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