Thanks for pointing that out David.
Credit card companies are indeed money-hungry, and will do whatever they can to keep you paying more in fees and interest. These card issuers can legally bump up your interest rate at any time at their discretion, so introductory offers are not always set in stone. This has never happened to me personally, but I have heard from other people who have experienced this.
While this may be the case sometimes, I must admit that my own experiences with balance transfers have been nothing but good. A few years back, I used to have credit cards with high interest rates because I had bad credit. However, within the last couple of years, I've managed to improve my credit, and transferred all my high interest balances over to introductory 0% credit cards, namely CitiBank and Chase. This introductory period lasted for a year on both cards with no problem, and it did save me a lot of money in interest fees. In addition, my interest rate for my CitiBank only went up to 8.99% which is pretty good considering the prime index rate is currently at 8.25%.
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