Just yesterday, I was lamenting the decline of the credit card mail offers, as it had been some time since I had pulled one from the mailbox. Apparently, I spoke too soon. Today, not one, but two offers from Chase were in my mailbox. However, the offers I received only reinforced my concerns about 0% offers. A year ago, mail offers from Chase often offered a fixed apr for life on balance transfers or a 0% APR for up to 15 months.
Today’s offer: a 0% APR for 6 months on purchases and balance transfers. While this is quite nice of them, it is further evidence that credit card companies are slicing consumer friendly 0% APR deals. Soon, I fear, they may disappear.
Given all the horror stories consumers have been sharing about Chase, I put these offers straight into the shredder. And, while I lament the fact that the length of the 0% rate was a lowly 6 months, the very fact that credit card companies are sending mail is the first positive I’ve seen in a while.
