Credit card 0% APR balance transfer offers are disappearing—here's why, and what you can use instead to pay off your debt.
Over the last few months as the coronavirus pandemic has disrupted our daily lives, many Americans have faced layoffs and reduced income. For millions, it's become increasingly difficult to afford everyday expenses ranging from groceries to mortgage payments. If you're also struggling to pay off credit card debt, your first thought might be to complete a balance transfer to take advantage of a 0% APR offer.
"We have made certain adjustments to responsibly manage risk for our customers and the company, including scaling back on initiatives such as balance transfer offers. We continue to evaluate the landscape to determine our go-forward approach," a Citi spokesperson tells CNBC Select.from 21 to 18 months . This card previously held our top spot for the longest balance transfer intro period.
Amex recently updated its card benefits, and it no longer offers intro 0% APR periods for balance transfers.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Credit Cards, According to Folks Who Know Everything About Credit CardsFor instance, you may get more out of a card that gives you cash back rather than airline miles at this specific moment in time
Read more »
The Best Credit Cards, According to Folks Who Know Everything About Credit CardsFor instance, you may get more out of a card that gives you cash back rather than airline miles at this specific moment in time
Read more »
Retail Workers Share the Rules Every Customer Should Follow Amid Coronavirus Pandemic - E! OnlineFrom wearing a mask to using credit cards, retail workers from across the country share guidance that could make shopping easier and safer.
Read more »
The #FreeBritney movement: What is it, and why is it trending now?Here's an explainer on why this movement is gaining traction 12 years after the pop star, now age 38, began living under her father’s conservatorship.
Read more »
Why 32% Of Young Adults Are Vulnerable To Severe Covid-19 Coronavirus InfectionsThe study found that nearly one in three 18-to-25-year olds have these risk factors that make them 'medically vulnerable.'
Read more »