2.99% Fixed APR for Life on Balances Transferred

July 6, 2008 · Filed Under Credit Card bonuses 

Do you have any loan, whether it’s a car loan or a personal loan, that is greater than 3% APR interest rate? If so, then you need to apply for the Advanta Life-of-Balance Platinum Card. The card gives you 2.99% APR fixed for life when you balance transfer within 3 months of getting the card. On top of the low interest rate, there is absolutely no balance transfer fee. There is also no annual fee. Even though this is a business card, anyone can apply.

Whether you have a home-based business or that you have sold something on Ebay, you can apply for a business credit card. You can put your name as the business name and your social security number as the tax id. Your business is called sole proprietorship and it’s perfectly legal with the IRS.

The Advanta card is for those who want to lower their high interest rate and pay it off for years to come. The 2.99% APR fixed rate is even less than inflation. By using this card to balance transfer, you will be saving hundreds and possibly thousands depending how big your loan and high your interest rate. Lastly, the balance on your business cards does not show on your personal credit report. This will have a positive impact on your credit report due to low debt/high credit limit ratio.

Advanta Life-of-Balance Platinum Card

  • 2.99% Fixed APR for Life on balances transferred within 3 months
  • Choice of 6% Cash Back or Travel Rewards
  • No Annual Fee and No Limit on Earnings
  • $0 Fraud Liability
  • Personalized card — your company name on the top of the card

Apply Now!

Advanta Life-of-Balance Platinum Card

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Comments

13 Responses to “2.99% Fixed APR for Life on Balances Transferred”

  1. Stan on March 12th, 2008 8:30 pm

    Will missing one payment result a huge increase the apr%? Do they have an automatic payment option so that won’t be a problem?

  2. Hu$tler on March 13th, 2008 6:13 pm

    Every card will increase apr if you missed a payment. Just make sure you find out the monthly minimum payment, then set up auto pay in online bill pay from your bank.

  3. Jim on March 31st, 2008 8:45 pm

    Excellent webpage! Have it a thumbs up with stumble and I Digged It too! Very informative and helpful about credit!

  4. Eric on April 4th, 2008 2:20 pm

    Does anyone know if this card can be used to payoff student loans (from sallie mae?)

  5. Dimples on April 11th, 2008 12:11 am

    Hustler,

    Will this card show up on my personal credit report? I have the AmEx gold business card and it doesn’t. Does this work the same way?

  6. Hu$tler on April 11th, 2008 12:01 pm

    This is a business card, therefore the balance wouldn’t show up on your personal credit score.

  7. Mezza on April 16th, 2008 2:21 pm

    So did anyone ever find out if this card can be used to pay off sallie mae loans?

  8. Experts on Credit on April 22nd, 2008 1:19 pm

    Great tip. Thank you!

  9. Money Advice on April 26th, 2008 4:51 am

    Nice post ! If u missed one payment, the credit card interest increase. The Canadian Money Advisor shows the list of credit card offers and the benefits.

  10. Money Advice on April 26th, 2008 5:26 am

    Thanks for providing this information and it clears shows that you are an expert in this field.

  11. Greling on May 10th, 2008 5:41 pm

    Eric & Mezza,

    You can call them after getting the card and have them do a balance transfer to your personal checking account and then send the money to Sallie Mae. I am doing this now. Just be aware that minimum payments for credit cards tend to be 2% of the amount you owe, which is a bit larger than typical student loan payments. So, transferring $10,000 might result in a minimum monthly payment of $200 and transferring $50,000 would result in a minimum monthly payment of $1,000. Be very careful so that you don’t find yourself making large payments that barely touch the MINIMUM.

  12. Greling on May 10th, 2008 5:42 pm

    My card arrived today. I got approved for a limit of $10,000.

  13. RacerX on July 7th, 2008 3:41 pm

    Cool! As usual Hu$ler…The limit issue was a question for me as well. Wondering what the typical offer is coming in at.

    $10K, $25K?

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