[quote=earlyretirement][quote=spdrun]20% APR what? I pay 10% on one card and they just offered me 0% cash (OK, with a 2% transaction fee) for 13 months.[/quote]

Yeah, exactly. Back during the recession credit card companies stopped (or limited) these low or 0% balance transfer offers. But now they are starting to dole out the money again. Like you spdrun, I’m getting 0% transfer offers with a 3% transaction fee. Some of them are for 12 months but some from Citibank say it’s until the entire balance is paid off!

Granted my FICO is great and my credit limits are extremely high. But I still wouldn’t cash these in and stick it in the stock market. Although, if CD’s were paying 6% guaranteed that would be a different story I guess. 😉

If they are offering these kinds of things to spdrun and I, I imagine they are offering them to many people. What I think you will see with the real estate market going up in many areas with tight inventory, is people cashing these and using it in the real estate market, stock market (margin accounts) or other type of scenarios.[/quote]

Most people won’t get the 0% offers. One they go to the approval process it will end up being closer to 20%, if they have any sort of ding on their credit file.