Why banks cut their interest only when balance transferred, why not direct when we borrow..?

Answer 1

Balance transferred is one of their marketing to encourage most loan taken out from them. Don't forget the cut of their interest rate in balance transferred is just temporary, normally 6 months. Which meant after 6 months, if you don't clear the amount, you still have to pay for the same high interest rate.

Answer 2

Because it's part of the scam to get you to transfer you balance, so that as soon as you are a day late or use this card for anything other than the transfer, they can screw you with super high interest rates and tons of fees.

Answer 3

ask about new purchase specials