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CSE's Balance Transfer Special

CSE's Balance Transfer Special

The holidays are super jolly until they catch us by surprise in the New Year. After a spending bonanza, comes the dreaded credit card statement. It’s completely possible that it may take your breath away when you see all of those charges as your new balance due. If you carry a balance on your credit card(s), don’t worry, CSE is here to help provide relief with a balance transfer special designed to give you some financial flexibility!

Many store-issued credit cards that you use to get discounts during the shopping season, typically have high-interest rates so in the end, you’re paying for what you thought was on sale. Alternatively, if you’re using a credit card issued by another financial institution or card issuer, it’s also likely you’re paying more than you need to in interest. By moving your balance from a card with high-interest rates to a low-rate CSE Visa credit card you could save hundreds, if not thousands.

What Is a Balance Transfer?

To put it simply, a balance transfer is when you transfer a balance from one credit card to another. Generally, when consumers perform balance transfers, the card to which they are transferring debt has a lower, promotional interest rate in order to save you money on your balance transfer.

Finding the RIGHT Balance Transfer Offer

It’s important to ALWAYS check the fine print to look for any fees associated with a balance transfer. It’s very possible to find an attractive rate of 0% for anywhere from 12 to 24 months, but, you’re likely to pay a fee upfront of anywhere from 3-5% or more on the balance that you are transferring. At CSE, our balance transfers are FEE FREE. Also, look for a card with NO annual fee, again like a CSE Visa credit card. We haven’t found many reasons why paying an annual fee is a good idea.

Completing a Balance Transfer

(Disclaimer: the following instructions apply to a CSE Visa, but are likely similar to what you would need to do for another card issuer.)

Completing a Balance Transfer is rather simple. If you already have a CSE Visa card, you can go to MyCardInfo by logging into eBranch or your mobile app and clicking on Access MyCardInfo. If you do not yet have a CSE Visa card, you can apply here.

Once at MyCardInfo, click on “Balance Transfer” in the Account Services dropdown. You’ll need to provide a few details to perform the transfer:

  • Dollar amount you wish to transfer
  • Account number of the card you are transferring from
  • Card issuer name
  • Card issuer statement address (address that your payments would be mailed to)

Otherwise, you can contact CSE and we can process balance transfers with you, either in person or over the phone!

Make Wise Decisions

One major benefit of a balance transfer is the fact you’re consolidating debt to one card. You transfer balances from one card or multiple cards, all to one card with the best offer. After completing a balance transfer, do your best to keep a zero balance on any old card(s) that you made the transfer from to avoid racking up more debt throughout the year. If you need to, consider closing any card(s) that you don’t need, to avoid future temptations to begin spending more money.

Stop overpaying and starting saving today. Going on right now CSE has a special Balance Transfer promotion going on through May 19th. Transfer your balances to a CSE Visa Credit Card and get 2.99% APR for 12 Months2 with NO Balance Transfer Fee, and No Annual Fee on the card.

 

 

1. APR = Annual Percentage Rate. The 2.99% APR rate is a promotional rate. It is good only on balance transfers made from January 20th through May 19th, 2021 by new or existing cardholders. The promotional rate of 2.99% APR is applied for 12 consecutive billing cycles from the date of the balance transfer unless the account becomes delinquent and/or over the limit.  After the 12 billing cycles, the rate will revert back to the standard fixed rate for purchases and/or balance transfers between 8.25% APR and 18.00% APR depending on your creditworthiness at the time of account opening. This offer is a limited time offer and can be changed or discontinued without notice.  

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