Unlike the name, lifetime balance transfer credit cards do not really last for a lifetime, (whatever that maybe). What they usually offer is a very low rate of interest for approximately five years, payable on the balance transferred. Lifetime balance transfer credit cards offer extremely low APR of around 4%-7% for transferred balances. What this means to you as a consumer is that you could acquire a better deal for yourself by applying for a lifetime balance transfer credit card rather than taking out an unsecured loan. Looking for a better credit card deal every six months is a real pain in the behind, so, getting a lifetime balance transfer credit card saves you from moving your balance around from credit card to credit card in an attempt to save you money. Lifetime balance transfer credit cards are exceptionally good for those of us with a large credit card debt, who are unable to repay the debt before the end of the promotional zero percent interest rate balance transfer offer. Taking out a lifetime balance transfer credit card will enable you to clear your outstanding balance for as little as 4% interest, providing you can pay it off within the time period that the lifetime balance transfer credit card issuer stipulates.

A word of warning, don’t use a lifetime balance credit card for everyday spending, payments made against this type of card are tiered, in other words, even though you have transferred a balance and then use the lifetime transfer balance credit card for new purchases (even though the lifetime transfer balance credit card offers zero per cent on purchases for 12 months), any purchases you make against your card will go against your balance transfer, not against your new purchases.
The result of this is that once your purchases offer ends, you’ll be charged the much higher, standard rate on all the things you’ve bought.

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