It's All About Balance

If you have credit card debt, balance transfers can be a useful tool to help pay off your debt and improve your credit score. Transferring a balance is essentially using a lower interest credit card to pay off the debt on a higher interest credit card, and it can actually save you a lot of money.

If you have a $3,000 balance on a card with a 15 percent interest rate and make $250 payments every month, it would take you 14 months to pay off your debt. In that time, the interest would accumulate adding more than $270 to the total – a whole extra month of payments wasted.

Right now, the GEICO FCU is offering a special promotion on balance transfers. Members who transfer their existing credit card debt to a GEICO FCU Gold or Classic credit card will pay no interest1 for 12 months, giving you a head start on paying off your balance. In the example above, you could pay off your bill in under a year with the same $250 payments, saving $270 in the process.

Consolidate your credit card payments and start saving by signing into online banking to apply online today. Hurry, this special offer ends on March 31, 2017.


1APR = Annual Percentage Rate. Rates and terms are accurate as of 11/2/2016. The 0% APR Introductory rate is good for 12 months from the date the balance transfer is posted to your account. Maximum balance transfers up to $20,000, based on available credit limit and card type. There is a 3% fee on each transfer balance or $10 minimum fee, whichever is greater. After the promotional rate period, your APR will be 10.99% for Gold MasterCard, 11.88% for Regular Classic MasterCard or 13.99% for Secured Classic MasterCard account. If you do not meet the qualifications for a Gold Card, you may be considered for a Classic Card product, if qualified. All offers are subject to approval. Certain restrictions may apply.