Do you keep hoping from one low rate credit card offer to another to help lessen your credit card balance? Well get ready to get hit a new balance fee charge. According to Infochoice, many of the credit card issuers are aware of this trend and are now looking closely at applicants credit card history to indentify these patterns, which they call “rate tarts”

Credit card issuers have become more wary of “rate tarts” who shift card balances around to take advantage of introductory low rate offers according to Infochoice’s general manager, Denis Orrock. He warns that while consumers may get three or four chances to switch cards companies will start rejecting applications. Card issuers can access credit history files to see if there is a pattern of applying for a card every six months and may decide that you are not the type of customer they want if rate-tart activity is identified.

Mr Orrock said that he expects card companies will introduce balance transfer fees where a percentage of the transferred amount is charged to cover costs and discourage card churn.