0% Credit Card Transfer with no expiration??

[naughtoj]

I was watching my best pal Suze Orman tonite and a lady called in asking if she should transfer a balance to a 0% interest credit card. (DUH!). Suze said yes, of course, but I was suprised that she did not discuss what the interest rate would default to after the "introductory period". I do get offers for 2-3% interest on balance transfers FOR LIFE, but that is as good as it gets for me! I also get the 0% hoopla, but it comes with conditions.


My question is, are there credit cards out there that will transfer your whole balance at 0% interest FOR LIFE WITHOUT CONDITIONS..and yeah, you know the kinds of "conditions" I am talkin' about.

Discover has a great little scam going....transfer at 0% for the life of the balance* (there's the asterick!) at the bottom it tells you that your interest rate will remain at 0% as long as you make two purchases a month after year 1!! So really, that is like saying it is an introductory rate. Worse yet, cuz then they slap on that higher interest rate and all the things you charged after the year go to the "back of the bus".

Really, since I have come to understand credit cards and credit card companies (EVIL!), it is really interesting to see how enticing they make some of their scams. You really gotta read the fine lines!

Anyone know the answer to my question. Seems like you'd have to have a credit (FICO) score of over 800 to get that deal....???

 

[Fitmommyof2]

We hvae a citi bank card and they offered us a 0% for a year deal. We went ahead and transfered and will pay off what we transfered in that year and then we will cancel the card. If you call and tell them you want to cancel they will offer you all kinds of stuff. That is how we got that 0% deal for a year. WE told them we didn't need the credit card and wanted to cancel and they said what if we offer you this.. blah blah blah.. so we said okay and transfered from a high interest rate card adn canceled that card. I haven't see any that offer for life.

 

[dss62467]

I don't know about that, but my Bank One credit card (now Chase) has a balance transfer rate of 4.9% for the entire time it takes to pay it off.

 

[macska]

I have 0 interest for the life of the loan -- good conditions of course. It was from bank One, now Chase I think. I make sure that I never ever late with the payment, I pay on line way before the due day. Mari

 

[naughtoj]

Macska.........0% interest FOR LIFE with NO OTHER obligations..you don't have to charge anything else, ever??? If so, do you know your FICO score?

Did you get the app in the mail? Honesestly, I don't know how a credit card could give you 0% interest for life with no other conditions.......they wouldn't be making any $$$ ever!!! What gives?? And why don't these apps come to me??? LOL