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Life is all about balance!

Save money with balance transfer

Balance Transfer Details

How do I transfer my balance?

Frequently Asked Questions

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.

The current APR is
,
, and
and Visa® Cash Back.

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.


Terms and Conditions:
APR- Annual Percentage Rate
All balance transfers are subject to a balance transfer fee of 1.99% of the transferred amount or $5.00, whichever is greater. The transfer fee will be added to the Selfreliance Visa account associated with the transferred funds. Finance charges will begin accruing on date of transaction. Balance transfers are available to new and existing cardholders. The transferred balance will be subject to the standard Annual Percentage Rate (APR) applicable on Selfreliance VISA® accounts. The current APR is 14.9% for Visa® Classic credit card, 9.9% for Visa® Preferred Rate credit card, 11.9% for Visa® Platinum Rewards and Cash Back credit cards. All SFCU loan programs rates and terms are subject to change at any time without notice. For further information, please call toll free 1.888.222.8571.
Selfreliance Federal Credit Union is an equal opportunity lender.

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