 TITLE: Survey: Most Consumers Pay Back Balance Transfers During Promotional Period CONTENT: Most People Surveyed Transferred Balances to Take Advantage of a Promotion\n--------------------------------------------------------------------------\nThe majority of consumers surveyed (57%) said they got a balance transfer card to take advantage of a promotional offer, such as an interest-free period or a no-fee transfer. Balance transfer cards are most effective at saving consumers money when they come with a promotional introductory offer, so reacting to a good offer often will accompany the underlying reason to necessity.\nAmong the others asked, 35% said they chose a balance transfer card so they could close extra accounts—eliminating cards by consolidating balances. Otherwise, 28% said they transferred a balance because they had spent too much money and 25% said they did it to defer payments. END