Credit card companies don’t necessarily want you to go into debt to them, though that doesn’t hurt their bottom line. They want you to keep on spending because they earn money on processing transactions. If you review the annual statements of any credit card issuer, most of the income they derive from credit cards comes in the form of data processing and service fees. So, in order to keep spending up as long as possible, more and more are offering great offers such as 0% APY for 12 months on purchases and balance transfers.
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