Fee Free Balance Transfer
Are you carrying a balance on a credit card? A balance transfer could be a useful tool, allowing you to move a debt balance from one account to another at a lower interest rate. Check out the ways this tool may help.
Consolidate debt from high-interest credit cards.
With the average store credit card charging 24% interest, a balance transfer could save you hundreds of dollars.
Focus on paying down debt in one place.
By consolidating your debt, you can focus on paying it off quicker.
In most cases, it doesn’t affect your credit score.
Transferring your balance between accounts, in most cases, does not ding your score. You may see a slight dip if a credit check is required.
The switch can be at no cost to you.
It’s all in the terms. Keep an eye out for the card offering no balance transfer fee.
Whether you’re a new or existing cardholder, all BHFCU balance transfers are fee-free!
Existing Cardholders
- No balance transfer fee
- No Annual Fees
- No maintenance fee
- Stop by any of our 20 branch locations or give us a call at 605.718.1818
New Cardholders
- Balance transfer & intro rate 2.90% APR for 12 months from open date – after which APR will increase to between 7.75% - 17.90% based on your creditworthiness.
- No Annual Fees
- No balance transfer fee
- No maintenance fee
Visa Traditional Credit Card
- APR as low as 8.90%, depending on your credit score (See our credit card rates and terms)
- No cash advance fee1
- Grace period on new purchases
Visa Cash Back Credit Card
- Earn 1.5% cash back on everyday purchases.
- APR as low as 13.90%, depending on your credit score (See our credit card rates and terms)
- Cash back is redeemable in $25 increments
- No cash advance fee1
The balance transfer APR is available to existing credit card loan accounts. Balance transfers may not be used to pay off or pay down any amount owed to the Credit Union. The promotional rate does not apply to Cash Advances.
If your card is lost or stolen, call 605.718.1818 or 800.482.2428
1Cash Advances do incur finance charges beginning on the date of posting
2See Guide to Benefits
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*2.90% APR for Purchases and Balance Transfers: All purchases and balance transfers posted to your loan account during the first 365 days after the account open date, up to your available credit limit, will receive an introductory 2.90% APR. At day 366, all subsequent purchases and balance transfers will receive your standard APR for purchases and balance transfers, and the APR for any remaining introductory balances will increase to your standard APR for purchases and balance transfers at the start of the next billing cycle. Balance transfers may not be used to pay off or pay down any amount owed to the Credit Union. The introductory rate does not apply to cash advances. Terms and conditions subject to change without notice. Additional restrictions apply. Please contact us at 605.718.1818 for details.