It's because of our love affair with the power of credit, the feeling of freedom and the independence we have over our finances to be able to choose whether we want that cute black cashmere in purple as well.

And then when all the fun is over and the bill arrives in the mail, the money-savvy spenders jump online and look to switching their high interest credit card for low balance transfers.

Balance transfer credit cards can be very useful for getting rid of your debt quickly if you don't use the card for spending. With rates as low as 0 percent for six months by HSBC, for example, no wonder many women are rushing out to move their debts and make the most of these low rates.

Credit cards are one of the easiest financial products to open, close and switch around — especially with so many providers on the market competing for your business. All you need to do is compare deals and click the apply button online at comparison sites such as RateCity and before you know it you will have a new credit card in your letterbox.

The danger to watch out for
These money-savvy spenders are not so savvy if they don't break their spending habits, though. This is because if you build up a debt, switch to a balance transfer card, pay it off while building up your next debt and continue switching for the lowest rates in town, you can damage your credit rating and make it hard for you to apply for loans or other credit cards in the future.

The trick is to not let your independent woman persona get the better of your spending sprees and instead take control of your debts. The easiest way to avoid the urge to use your credit card is by avoiding the shopping centres. Try doing the weekly food shop at a local supermarket instead of in the centre and make a list to avoid buying things you don't need.

If you take control of your credit cards by using balance transfer deals sensibly you will not only protect your money in the bank but you will also ensure no problems with getting a home loan in the future.

Your say: Do you have an out-of-control credit card debt? Would you consider switching to a low-rate balance transfer credit card? Share with us below.

Michelle Hutchison is Consumer Advocate at RateCity.

The above information is general only and does not take into account your objectives, financial situation or needs.