Balance transfers on credit cards

[PensionAdvic]

I've never done a balance transfer, but I noticed a number of cards offer interest free for long periods.

Is there ever cases of people moving their debt around for years without ever paying it off?

I guess this activity would show on their credit report?

 

[Dr Strangelove]

The €40 stamp duty fee does mean that there is some cost to having multiple cards even on 0% interest.

 

[Fortune]

I've never done a balance transfer, but I noticed a number of cards offer interest free for long periods.

Is there ever cases of people moving their debt around for years without ever paying it off?

I guess this activity would show on their credit report?

You still need to make the minimum payments, but some people do roll their debt around like this.