I recently got an offer from one of my credit cards for a lower interest rate for balance transfers. I had already received an increase in my limit, and thought it would be a good opportunity for me. The promotional balance transfer rate is only for 3 months, but even after it’s over, the interest rate was better than another card with a balance, so I went for it.
Here’s where I saw the new strategy. The promotional rate will automatically be extended for another 9 months if I have another balance transfer post before before the current promotional period ends.
That’s some incentive to make sure I do another one.