Credit Card Balance Transfer

Other FAQs That May Help

• How will my current credit card company receive payment to pay off my current balance?

  Payment for the balance transfer will be sent to the credit card company by check. 

• Are there fees associated with a credit card balance transfer?

  A fee of 3% of the transferred balance will be applied. Interest will not be charged on the balance transfer fee.

• What are the benefits of completing a balance transfer?

  A balance transfer allows you to consolidate your debt, take advantage of lower interest rates, interest-free promotional periods, and potentially save on interest charges.

• What is a balance transfer?

  A balance transfer is when you move your credit card balance from one card to another, usually with a lower interest rate or promotional period. This can help you save money on interest charges and make managing your debt easier.