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Although many people use zero percent balance transfer deals to pay off their credit card debts this solution may not suit every individual. In some cases it may be worth considering a lifetime balance transfer deal instead. What is a life of balance card and how does it work?
What is a Lifetime Balance Transfer Credit Card?
This kind of credit card offers the individual the chance to transfer their balances from other cards. Unlike a zero percent offer which may only last for a limited time, this product offers a lifetime balance transfer. There is no limit given to the offer which will apply until all of the card debts are repaid.
How do Life of Balance Credit Cards Work?
On a basic level this kind of deal works like any other balance transfer. The individual takes out the card and then moves over their existing balance(s) from other credit cards. The aim is usually to take control of debt and to pay it off faster at better rates.
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