Best For Life Balance Transfer Credit Cards

April 19th, 2010

Lifetime balance transfer offers are some of the best deals out there. Who would not want to transfer their high interest balances from other credit cards into just one credit card for the life?

If you have credit cards that carry 11%, 15% or even 22% interest, there is hope. With a little research, you can find the best lifetime balance transfer offer there is. When you take advantage of these deals, you can save a considerable amount of money.

Compare the Best For Life Balance Transfer Cards

Credit Card	Card Details	Interest Rate p.a.	Cash Advance Rate p.a.	Balance Transfer Rate p.a.	Annual Fee	Interest Free Days (Up To)
Citibank Platinum Card	Best Lifetime Balance Transfer Card If you have accumulated a lot of debt, a long term balance transfer is an excellent option	20.74%	21.24%	3.9% for life months	$125 for first year ($250 after)	55	Apply » More »
Suncorp Clear Options Platinum	With a lifetime balance transfer you can pay off your balance transfer in your own time, without having to worry about it reverting back to a higher interest rate	19.99%	19.99%	3.9% for life months	$205	55	Apply » More »
Bank of Queensland Platinum Card	Repay your debt over a long period of time, also earn 2 Q Rewards Points for every $1 spent	20.24%	20.74%	3.9% for life months	$199	55	Apply » More »

Credit card offerings of all types are flooding the market these days. Credit card companies are working harder than ever to entice customer to apply for their card. With the right deal, you can save a considerable amount of money and one solid way to do it is through balance transfer offers.

Why Choose a Balance Transfer Offer?

Almost everyone has a credit card. Credit cards are ubiquitous and are often a necessary part of life for many people. With so many people in debt in Australia, they are looking for more and more ways to reduce their debt and save some money in the process. One of the best ways to do this is through finding credit card offers that will save you the most money. It is possible to find the best for life balance transfer by doing the right kind of research.

Balance transfer cards make it possible for you to pay less interest on a previously higher interest debt. You can take other debt from another card and move it over to a balance transfer card that has a lower rate and start saving! You can even do this with multiple cards and make more progress paying down your balance because your interest rate is more manageable now.

What Exactly Do Lifetime Balance Transfers Do?

Lifetime balance transfer cards give you the opportunity to take debt that has interest calculated at a higher rate and move it over to a card that has a lower interest rate. This is a huge boon to those who have debt that have accumulated over time on store cards and other types of credit cards. With interest rates ranging from 10% to over 20%, with a lifetime balance transfer card, you can save hundreds of dollars in interest by simply making the switch. And with the average Australian owing more than $3,000 on their credit cards, this is information that is timely and pressing. With the right time and effort, you can find the best lifetime balance transfer for your situation and put that cash back in your pocket. There are many balance transfer offers to choose from. Some of the most popular at the moment are the 0% balance transfer options. These sound ideal, however they last for a specified amount of time. This is usually 6 months to a year. If you have a large amount of debt that you anticipate you will not able to pay off within this time frame then finding the best for life balance transfer is in order. These types of cards will give you a lower interest rate that lasts for the life of the balance. You do not have to worry about an expiry on the interest rate. You can pay off your debt in your time-frame and within your capabilities. How Does a Lifetime Balance Transfer Work?

• You are the person to get things started – This means that it is up to you to initiate the process. You can do this in several ways. It can be done through a written application or other special forms. You can also do it over the telephone or through the Internet. It is important to be prompt if you are interested in the offer because they can expire without notice and faster you act the faster you will start saving money.
• You decide what you can pay – Having a lifetime balance transfer can be quite a luxury. You do not have to feel rushed to pay off the balance within the limits that the credit card company has set for you. You can pay what your are able to. It should not be minimised, however, the importance of paying off your debt. While you have more time, paying off the debt should be a priority and should be done as soon as you are able.
• Always AT LEAST make your minimum payment – Life happens. Your car needs to be serviced or you fall ill for a little while. This should not prevent you, however, from at least making your minimum payment. Ideally, you should pay more than that but the minimum payment must always be paid each month. Failure to do so can have permanent consequences. Not only will you be assessed a hefty late fee, there will be a mark placed on your credit history. It could even be enough to cost you your low rate. Every effort should be made to assure this is always paid and always paid on time.
• You get to see your balance dwindle down each month – This is the most gratifying part of the plan. Because of your effort and hard work to pay down your debt, you have the satisfaction of seeing it slowly disappear each month.
• Leave your card alone – You should really only use this card for the purpose of holding your debt while you are paying it off. You should not use this card to make purchases or accumulate more debt. Save yourself the temptation by storing in a safe place that is out of sight and can’t be easily accessed. Some people even put their cards in water and put them in the freezer. It is a drastic technique but it is effective.

When you find the best lifetime balance transfer offer, you should apply for it immediately and start on the path of eliminating your debt. Not only can you clear your debt, but you can do it on your own terms. That is a deal that can’t be beat.

Editors Choice: Best Credit Card Deals

Credit Card	Card Details	Interest Rate p.a.	Cash Advance Rate p.a.	Balance Transfer Rate p.a.	Annual Fee	Interest Free Days (Up To)
Suncorp Clear Options Standard	An excellent balance transfer offer of 1.9% p.a. for 12 months and a standard purchase rate of 12.24%	12.24%	17.99%	1.9% for 12 months	$39	0	Apply » More »
HSBC Credit Card	Excellent credit card, with a 0% p.a. for 6 months balance transfer offer, and pay $0 for the life of the card	16.99%	20.75%	0% for 6 months	$0	55	Apply » More »
Citibank Emirates Platinum Card	Enjoy 1.9% p.a. for 12 months on balance transfers as well as earn 3 Skywards Miles for every dollar spent, plus all the benefits & privileges of a platinum card.	20.74%	20.74%	1.9% for 12 months	$229	55	Apply » More »