The banks aren't getting reckless, though -- they're just coming to realize that standards may have toughened too much after last decade's losses.
"The Pendulum", as some in the business say, is swinging back to common sense.
Most issuers charge a balance transfer fee of around 3%, and some also charge an annual fee.
Before you choose a card, calculate whether the interest you save over time will wipe out the cost of the fee.
The 30-year mortgage rate hit 3.31% in November 2012, the lowest rate in history.
It might seem as though there’s no relief from high-interest balances, but you can take steps to lower your burden.
For homeowners, one of them is to consolidate your debt and lower your monthly bills by refinancing your mortgage.
But it can also help you get rid of high-interest credit card debt.
Almost 10 percentage points separate the average 30-year mortgage rate (3.71%) from the average credit card interest rate (13.66%).
Not only have mortgage approval standards loosened since the start of the decade, but consumers have greater access to mortgage lenders than during any point in history.