Business News Small Business Amex Giving $50 To Customers; Big Cutback In Balance Transfer Offers Credit Card Industry Reins In Balance Transfer Offers As Banks Fear Defaults Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks. American Express took the most drastic step, dropping the product altogether. Banks were burned […] Written by imesocial July 2, 2020July 2, 2020