Long Term or Lifetime Balance Transfers
While 0% balance transfers remain the most popular type, long term deals are becoming more popular.
With this kind of transfer, instead of paying 0% in interest for a limited period, you pay a higher rate either indefinitely or for a much longer period, measured in years rather than months.
Why would you want this?
Low APRs
Basically, the rate you'll get with a long term deal will be among the cheapest forms of credit available, certainly much cheaper than the standard rate of the vast majority of credit cards. Often, the rate will even be comparable to or better than a really cheap personal loan, and the length of time that this rate applies means that it's a great way to consolidate debts or card balances at a long term low rate.
This means that the interest savings can be considerable, amounting to hundreds or even thousands of pounds for a large balance, enabling your debt to be cleared much more quickly and cheaply.
Featured Long Term Balance Transfer Cards
| Barclaycard Simplicity | 7.9% | for the life of the balance | 7.9% | Apply | |
Site is for information only and does not constitute financial advice. E&OE.
