Credit card companies getting more generous: survey - KWWL - Eastern Iowa Breaking News, Weather, Closings

Credit card companies getting more generous: survey

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(NBC) -

Credit card balance transfer offers are getting more generous, according to a new survey by CreditCards.com. 

The survey analyzed 100 popular credit cards and their offers to new customers. 

Compared to the same survey a year ago, more credit cards are offering a balance transfer promotional rate for at least 12 months, from 33 cards last year to 38 cards now.

Offers lasting 15 months or more is also up from 10 cards to 17 cards. 

The analysis also found good reason to comparison shop and act quickly.

Fees vary and a majority of the cards give you only 90 days or less after the account opens to take advantage of the promotional rate. 

This means if you wait too long to transfer your balance, you could miss out on the deal that led you to getting the card in the first place. 

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