0% APR Credit Cards are Back

Filed under: Good news, Industry, Competitive Strategy, Personal Finance, Headline News

Let the good times roll. 0% APR Credit cards are back. For more than a year credit card companies have been slashing credit lines and raising rates to astronomical levels. Much of the delinquencies have been wrung out of the system. Delinquency rates are down 26% from a year ago.



With that pressure lifted, card companies are sending out 0% promotion letters to customers with credit scores 720 or higher, as reported in Smart Money and the Wall Street Journal. The number of promotions is up 71% from 53%. Promotions are for a longer period, 21 months instead of the 12 months last year.

Continue reading 0% APR Credit Cards are Back

0% APR Credit Cards are Back originally appeared on BloggingStocks on Fri, 15 Oct 2010 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=66a5232add47dd02cc439f20dd196c88