I purchased a house recently in need of renovation. Instead of parting with my own cash I became a card tart and used the 0% balance transfers readily available at the time. Each month I paid a sum in excess of the minimum required immediately on receipt of the statement. My wife and I have balance transferred a number of times but have not used the cards to actually make purchases. Recently applications for new cards to balance transfer to have been turned down. Is this because the companies concerned are only going to profit out of us by the transfer fees as opposed to the high monthly interest rates also?