![]() Or, you can apply for your credit card today. All you need to do is fill out an application or give us a call to start the. You’re simply paying off a current credit card with a separate new card. The goal is to save money on interest while you try to pay off the current balance. Credit cards may set a minimum balance transfer fee of 5 or 10. 2 If you're transferring a balance of 1,000, your balance transfer fee would range between 20 and 50. If you already have a UW Credit Union credit card, you can start your balance transfer in Web Branch. A balance transfer is moving the balance of one credit card to another. Most credit cards charge a balance transfer fee, typically ranging from 2 to 5 of the balance transfer amount. Take a weekend getaway, pay off bills, put a little away in savings – the choice is yours! Ready to Transfer & Save? #Balance transfer freeThe savings from a balance transfer can free up some extra money in your monthly budget. An individual’s promotional and standard rate are based on their eligibility and creditworthiness. How Does a Balance Transfer Work?Ĭlick here for an example balance transfer and the rates a member would pay during and after a balance transfer promotion. Before requesting a balance transfer, please ensure you have an existing CUA credit card with enough available credit to accommodate these transfers. Some credit cards offer special introductory or promotional balance transfer rates that can help you save even more money. This can benefit you if the new card has a lower rate, which can potentially save you hundreds, even thousands, of dollars in interest. What Is a Balance Transfer?Ī balance transfer is when you pay off existing credit cards by transferring the balance to another credit card. Read our Q&As to learn more about the process and determine your next steps. If you’re resolved to say goodbye to credit card debt this year, a balance transfer may be right for you. A balance transfer credit card is an excellent way to refinance existing credit card debt, especially since credit card interest rates can go as high as 30. #Balance transfer how toWhat to Know About Using Your Home EquityĬonsolidating Credit Card Debt with a Balance Transferģ Ways to Protect Your Credit from Identity Thievesġ0 Common Financial Scams and How to Avoid Them A balance transfer is when you move outstanding debt from one credit card to another. Yard Updates That Can Boost Your Home Value Top Financial Tips for College Students (and Parents) Save money when you transfer balances from higher rate credit cards and loans at other lenders to your VACU credit card with 0 balance transfer fee.1. ![]()
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