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Surge In Credit Card 0% Balance Transfer Offers

Ken Tumin
Ken Tumin   |     |   5,937 posts since 2009

From the WSJ via Yahoo! Finance:

The teasers, known as 0% balance transfers, have been used periodically since the late 1990s. The current offers, however, cover unusually lengthy periods and, in some cases, are being extended to a wider swath of potential customers than in the past, say industry executives and consultants.

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If interest rates rise in the next few years, perhaps the days of making money from on 0% balance transfer offers will return.