Credit Card Center Advertiser Disclosure

Established Contributor
Posts: 577
Registered: ‎11-13-2008
0 Kudos

Low Rate for Life of Balance Transfer

Does anyone have any cards in mind that offer a low rate on balance transfers for the life of the balance transfer?


My wife has a Sallie Mae student loan at 8.5% that is about $8k. Its been 3 years since origination and the principal is barely scratching the surface.


Besides PenFED. Their underwriting guidelines I am afraid are too picky for me even.

Posts: 17,526
Registered: ‎12-30-2011
0 Kudos

Re: Low Rate for Life of Balance Transfer

I'm not so certain such animals exist; credit cards are designed for short-term float, not extended periods (ostensibly).  As a result, I suspect most if not all have a time limit associated with it.


On pretty much any installment loan, the first couple payments if you pay the minimum will barely scratch the principal; kicking extra money in during the early part of the loan can shorten it tremendously.  


I'm not an expert though; there may be something out there but it'd likely be more effective to get a different loan type, secured against some sort of asset, to refinance it down if that's the goal.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)

Take the myFICO Fitness Challenge
Valued Contributor
Posts: 2,528
Registered: ‎11-11-2010
0 Kudos

Re: Low Rate for Life of Balance Transfer

In today's world, such thing does not exist. Low rate is promtional offer that at most 18 months before going back to original rate.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/ (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
0 Kudos

Re: Low Rate for Life of Balance Transfer

NavFed probably has something like that.


Find the right roomate and make it happen!! Smiley Happy

Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO

Take the FICO Fitness Challenge
Epic Contributor
Posts: 29,448
Registered: ‎10-23-2007
0 Kudos

Re: Low Rate for Life of Balance Transfer

PenFed had a 4.9% for life and no fee to BT but that ended 12/31 unless they extended but I have not checked.

Citi has 18 and chase has 15... Chase has been overing the Slate with the 15 months 0% but Waiving the BT Fee for first 90 days of account opening... Take that now if you can get it (Do Pre-Qual online) and get the balance down as much as you can... 15 months from now everything could be different.

Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0 Kudos

Re: Low Rate for Life of Balance Transfer

Get a high limit bt card...

Many Barclaycards

To get a limit that high on initial approval though, you'd likely need to have other equally as high of limit revolving accounts..

Good luck :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor
Posts: 3,070
Registered: ‎11-02-2009
0 Kudos

Re: Low Rate for Life of Balance Transfer

[ Edited ]

I just got an offer in the mail the other day for a fixed rate for life for any BTs completed in the first three months.  I think it was 8.9% and with First National Bank of Omaha.  I'd look it up for you but I tossed it.   


ETA: just noticed you were trying to get something lower than 8.5% so this wouldn't have been of interest anyway.  But maybe it provides a data point for what kinds of things are out there.

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720

Take the FICO Fitness Challenge

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.