Save money with balance transfer

How do I transfer my balance?

• To transfer your credit card balance from another financial institution, you need to have a Selfreliance FCU VISA® credit card. Choose the card that's right for you, and transfer your balance after you have activated your new card. Explore Credit Cards

How much does it cost to transfer my balance?

Balance transfer fee is $5.00 or 1.99% of the amount of each transfer, whichever is greater.

How can I benefit from transferring my balance?

Savvy members typically use balance transfers when they want to move the amount they owe on one credit card to a credit card with a significantly lower APR.
Here are the benefits:

• Save money on interest. Moving a higher rate credit card debt to a lower rate credit card can save you hundreds of dollars in interest costs in the long run.
• Pay off the balance sooner. By taking advantage of the low rate offers, you can put more more money toward paying off your debt, rather than the interest.
• Take control. Consolidating your debt makes it easy to manage your payments, as one payment is easier than multiple credit card payments.

If there was a promotion, what happens after the promotional period ends and I haven’t paid my balance in full?

After the promotional time frame expires, remaining balance will migrate to the standard APR applicable on Selfreliance VISA® account.

If promotion is not available, what Annual Percentage Rate (APR) will apply to the transferred balance?

The transferred balance will be subject to the standard Annual Percentage Rate (APR) applicable to Selfreliance VISA accounts.

When will you begin charging interest on balance transfer?

We will begin charging interest on balance transfer on the transaction date.

How much of my outstanding credit card debt can I transfer?

You can transfer up to the maximum credit limit on your Selfreliance FCU Visa credit card, minus current outstanding balance on that card. Log in to your Digital Banking to check maximum available limit on your credit card. You can increase your credit limit online or by calling us at 888.222.8571

Can balance transfers be used to pay off other Selfreliance FCU credit cards or loans?

No, balance transfers may not be used to pay other credit cards or loans issued by Selfreliance Federal Credit Union.

What happens to my credit card balance if I make purchases in addition to my transferred balance?

You can pay off the transferred balance at a lower rate, as specified in the terms of the current promotion if applicable, while interest is charged on new purchases at the standard rate stated on your Credit Card Account Opening Disclosure. If you make a payment in excess of the required minimum payment due, we will allocate the excess amount first to the balance with the highest APR and any remaining portions to the other balances in descending order based on the applicable APR.