Lightspeed Research PowerPoint Template

New Card and Existing Account OffersExisting Account Offers:―Chase has communicated to some of its “preferred” customers that they areextending the duration of their 0% balance transfer offers, or reducing the rate ofsome of their longer-term offers by one-quarter percent.―Capital One has to some extent scaled back on its 0% balance transfer offers and isnow offering a higher number of 3.99% offers.―Bank of America and Chase extend the widest range of balance transfer/cashadvance offers – typically with rates from 0% to 5.99%.New Card Offers:• Despite generally rising APRs, some new card offers still include 0% purchase APRintroductory rates.―All top issuers have some offers at 0% for five to twelve months, though the offersvary substantially by card product.―Bank of America and Chase appear to be the most aggressive, with mostintroductory APRs lasting for 12 months.―Discover appears to be the most conservative with introductory rate durationscapped at five to six months.Copyright © 2010 Lightspeed Research. Proprietary and Confidential. All rights reserved.33