The answer to this is more to do with your mindset than anything else. If you are carrying a balance on a credit card in the long term then you have a problem. If you are dealing with it then it is not too bad, transferring a balance can be one of the most cost effective ways of managing your debt, but if you are doing it because you are burying your head in the sand then that is not good.
The question you need to ask yourself is when is the balance going to be paid off in full? Do you know? If the answer is no, then that is the danger sign. Sit down, plan out how much you can afford to pay off each month (be realistic!) and then work out how many times you will need to balance transfer. Whatever the result, you will have a goal in mind and providing you stick to it this is the best solution for you.
If you don’t have a game plan in mind then it may well be wise to take out a loan, or switch to a low rate for the life of the transfer, and then make sure you pay off what you can when you can.
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