Credit card companies bring back 0 percent introductory rates
September 6, 2012 (CHICAGO) (WLS) -- Credit card companies are bringing back an incentive that had all but disappeared during the recession: introductory interest rates as low as 0 percent are now being offered for new customers.
It comes with grace periods that run from six to 18 months.
A market research company examined direct-mail credit card solicitations. It found, in 2009 only 40 percent teased customers with reduced introductory rates, but that figure has risen to 80 percent in 2012.
- 2 winter storms take aim at Chicago area
- Missing Michigan doctor's car found in Indiana
- Video: I-Team Mall Security
- ABC7 Weather Forecast
- Bogus Target charges may not appear for months
- Woman charged after 30 dogs removed from home
- Dixon to receive $9.2M restitution in Crundwell case
- Maine West coach hazing trial put on hold until January
- 2 men killed within blocks of each other in South Shore
- No CO detectors in Skokie apartments where people sickened
- Indiana Toll Road reopened after truck rollover
- Elkhart native killed in NATO helicopter crash in Afghanistan
- Aurora pastor gets 12 years in prison
- abcnews: Reddit Secret Santa User is Bill Gates
- Man thought to be Gacy victim reunited with...
59 min ago