Are there any low interest balance transfer credit cards for life?

There are low interest balance transfer credit cards for life. Some good credit cards with low interest rates include the U.S. Bank Visa Platinum Card (11.99% -23.99% (V)); the SunTrust Prime Rewards card (13.24% - 23.24% (V)), the Discover it Balance Transfer card (13.99% - 24.99%) (V)); and the Citi Simplicity Card (15.99% - 25.99% (V)).

But, how low a rate you’ll get depends on your creditworthiness. That includes your credit score, payment history, financial information, and other factors. Interest rates are presented as a range from lowest to highest, and the better your overall credit profile, the better chance you’ll have of securing a rate at the low end of the range.

Also, how you use your low interest balance transfer credit determines if you get to keep that favorable rate for life. Late or missed payments, and payments less than the minimum amount due can cancel your low interest rate and replace it with a penalty APR as high as 29.99%.

Ideally, you would want a low interest transfer card that offers an even lower introductory interest rate, preferably 0%, on balance transfers. When the introductory rate expires, any unpaid balance and future purchase would be charged at the regular interest rate. The U.S. Bank Visa Platinum offers 0% for 20 months on balance transfers; the Discover it, 0% for 18 months; and 0% for 21 months with the Citi Simplicity. The SunTrust Prime Rewards offers a 5.25% APR for 36 months on balance transfers. Check out WalletHub’s Best Balance Transfer credit cards to find a card that offers your ideal combination of low interest and introductory interest rates.

Here are some good low interest balance transfer credit cards for life:

• U.S. Bank Visa Platinum card: 11.99% -23.99% (V). Introductory 0% APR for 20 months on balance transfers. Transfer fee: 3% ($5 minimum). Excellent credit required.
• SunTrust Prime Rewards card: 13.24% - 23.24% (V). Introductory 5.25% APR for 36 months on balance transfers. No transfer fee. Excellent credit required.
• Discover it Balance Transfer card: 13.99% - 24.99% (V). Introductory 0% APR for 18 months on balance transfers. Transfer fee: 3%. Good credit required.
• Citi Simplicity card: 15.99% - 25.99% (V). Introductory 0% APR for 21 months on balance transfers. Transfer fee: 5% ($5 minimum). Good credit required.

The low interest on your balance transfer credit card may not always be for life. If your interest is based on a variable rate, it fluctuates with any activity on the prime rate. If the prime rate increases, so will the interest rate on your balance transfer fee credit card.

Also, under the Credit CARD Act of 2009, an issuer can raise your interest rate, but they must provide 45 days’ notice of any such changes to your account. Typically, they are required to provide reasons why they’re making the change.