Extended Balance Transfer

1 Post
My balance transfer will come to an end in January.
I then intend to move the remaining balance to another 0% card if possible, however I was wondering why none of the lenders offer to extend your current 0% period and charge you the fee again on the remaining balance?
I am aware they wish to charge you interest at the end of the transfer period if you have not cleared the balance but most people are going to be able to switch to another card(paying a fee)
I then intend to move the remaining balance to another 0% card if possible, however I was wondering why none of the lenders offer to extend your current 0% period and charge you the fee again on the remaining balance?
I am aware they wish to charge you interest at the end of the transfer period if you have not cleared the balance but most people are going to be able to switch to another card(paying a fee)
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Because they make more money from you paying interest
Because I'd wager "most people" are not going to be able to switch cards...otherwise loss leading long duration/low fee deals wouldn't be so commonplace.