A credit card balance transfer allows you to move high-interest debt from one or more cards to a new card with a lower interest rate. This helps to save you money on interest, and it may make it easier to pay off your debt faster.
Once you are approved for a credit card with a low APR on balance transfers, you can request a transfer of the balance. The new card issuer will pay your old creditor directly, and the balance is added to your new card.
Membership is not required to get started with our credit card free balance transfer. Our short online form just takes a few minutes to complete, and it starts the process of becoming a Baton Rouge Telco member.
Absolutely! As long as the total of the balances doesn’t exceed the approved credit limit of your new card, you can transfer all of your credit card debt at once. Instead of keeping up with multiple due dates, you now only have one monthly due date to track. Consolidating credit card debt with a low-interest balance transfer card may also help you pay more on your principal balance if you are currently making the minimum payments.
Our credit cards have APRs as low as 9.90%. Because our APR is already low, we don’t offer a special intro period rate. This means you can benefit from lower costs without worrying about a promotional period ending.
There are no fees for our credit union balance transfers, which helps you save even more!
Our credit cards don’t have an annual fee, which makes managing your finances simpler and more affordable.
You can transfer as much as you like as long as it doesn’t exceed the credit limit of your new card. Your credit limit is based on your creditworthiness, income, and other factors.
The savings from a credit card balance transfer can be significant. For example, let's say you have a credit card balance of $10,000 with an APR of 20%. If you are making monthly payments of $300, you'll pay $4,718.21 in interest and it will take you 50 months to pay off the debt.
If you transfer the $10,000 balance to a credit card with a lower APR of 10%, you will pay $1,764.17 in interest over 40 months with the same $300 monthly payments.
Not only does the balance transfer save you $2,954.04 in interest, but you will also pay off your loan 10 months faster.
Before you begin the balance transfer process, let's get a BR Telco Visa credit card opened for you. We offer two great credit cards to fit your lifestyle. Our credit cards feature no annual fees, no balance transfer fees, and practically unbeatable rates. You can begin your online application here.
Complete this short form and we’ll have one of our experts contact you to discuss options.
APR = Annual Percentage Rate