How Does a Balance Transfer Work?
Moving a balance from another credit card to your PSECU credit card is quick and easy.
Balance Transfer
Add some balance to your life with lower credit card payments. Move high-interest balances from other cards to one of our Visa credit cards.
Great Experience! Very easy to transfer balance and a great rate! The customer service is great!
- PSECU Member for less than one year
Find your Balance
$
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Apply for your card.
- Learn more about your Classic or Founders Card.
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Complete the transfer.
- Once you’ve been approved for your new credit card, it’s time to complete the transfer. You’ll need your full account number for the card from which you’re transferring a balance, as well as the dollar amount you’d like to transfer.
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Log into your PSECU account.
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Click on “Move Money.”
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Click on “Visa Balance Transfer.”
- Follow the online directions. Your transfer will be automatically treated as a balance transfer at PSECU's current promotional rate and term. You don’t need to call us to activate your promotional offer.
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Start enjoying your finance-charge savings!
RATES FOR PSECU CREDIT CARDS
| Description | APR* |
|---|---|
| Founder's Card Balance Transfer | 3.9% |
| Founder's Card Cash Advance | 14.40% |
| Founder's Card Purchase | 14.40% |
| Visa Classic Balance Transfer | 2.9% |
| Visa Classic Cash Advance | 9.90% |
| Visa Classic Purchase | 9.90% |
PSECU Visa® Founder's Card: When you take advantage of the 3.9% APR (annual percentage rate) promotional offer, Visa® Founder's Card balance transfers will be treated as a cash advance and will accrue interest at 3.9% APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is a variable APR equal to the Prime Rate plus a margin of 9.15%. Payments will be applied as stated in your PSECU Visa® Founder's Card Consumer Credit Card Agreement. A minimum of $250 must be requested for balance transfers through digital banking. Our 3.9% APR promotional offer cannot be used to pay off any PSECU loan or be made payable to cash, yourself, any joint owner(s) or co-maker(s). Balance transfers do not qualify as eligible purchases for the cash back reward program. Balance transfers access credit under the terms of your Visa Founder's Card account as stated in the PSECU Visa® Founder's Card Consumer Credit Card Agreement.
PSECU Visa® Classic Card: When you take advantage of the 2.9% APR (annual percentage rate) promotional offer, Visa® balance transfers will be treated as a cash advance and will accrue interest at 2.9% APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is currently 9.9% APR and subject to change. Payments will be applied as stated in your Visa Classic Consumer Credit Card Agreement. A minimum of $250 must be requested for balance transfers through digital banking. Our 2.9% APR promotional offer cannot be used to pay off any PSECU loan or be made payable to cash, yourself, any joint owner(s) or co-maker(s). Balance transfers access credit under the terms of your Visa account as stated in the Visa Classic Consumer Credit Card Agreement.
Fees for PSECU Credit Cards
| Fee | Amount |
|---|---|
| Annual Fee | $0 |
| Balance Transfer Fee | $0 |
| Cash Advance Fee | $0 |
| Late Fee | Up to $20 for Classic Card Up to $27 for Founder’s Card |
| Foreign transaction fee | $0 |
Visa Balance Transfer FAQs
Do I need to be a PSECU member before I can do a balance transfer?
Yes. We’re a member-owned credit union, so you have to be a member in order to have a credit card with us. You will then need to open a Classic or Founder’s Card. Your balance transfer will go to your chosen card. To keep things simple, you will automatically apply for PSECU membership within the Classic or Founder’s Card application.
Is there a minimum amount required for a balance transfer? A maximum?
The minimum transfer amount to your PSECU card is $250. The maximum amount you can transfer is the available credit limit on your credit card.
Can I transfer more than one balance to my PSECU card?
You can have up to 10 outstanding balance transfers on your card at one time. The total amount of your unpaid transfer requests can’t exceed the available credit on your card.
How will a balance transfer appear on my credit card statement?
The transaction will appear as: “Visa® Balance Transfer was mailed to [Payee Name] in the amount of [Amount].”
What’s the grace period for online balance transfers to my credit card account?
Sorry, but there’s no grace period on balance transfers. Finance charges begin to accrue on the date the balance from another card is posted to your account.
Can I use my PSECU credit cards to make mobile payments?
Absolutely. Both our Classic and Founder’s Cards work with Apple Pay®, Google Pay®, Samsung Pay™ and the PSECU Wallet (for Android devices).
* PSECU Visa® Classic Card: When you take advantage of the 2.9% APR (annual percentage rate) promotional offer, Visa® balance transfers will be treated as cash advances and will accrue interest at 2.9% APR from the time that the transaction posts until 12/31/19. Thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is currently 9.9% APR and subject to change. Payments will be applied as stated in your Visa Classic Consumer Credit Card Agreement. A minimum of $250 must be requested for balance transfers through digital banking. Our 2.9% APR promotional offer cannot be used to pay off any PSECU loan or be made payable to cash, yourself, any joint owner(s) or co-maker(s). Balance transfers access credit under the terms of your Visa account as stated in the Visa Classic Consumer Credit Card Agreement.
** PSECU Visa® Founder's Card: When you take advantage of the 3.9% APR (annual percentage rate) promotional offer, Visa® Founder's Card balance transfers will be treated as cash advances and will accrue interest at 3.9% APR from the time the transaction posts until 12/31/19. Thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is a variable APR equal to the Prime Rate plus a margin of 9.15%. Payments will be applied as stated in your PSECU Visa® Founder’s Card Consumer Credit Card Agreement. A minimum of $250 must be requested for balance transfers through digital banking. Our 3.9% APR promotional offer cannot be used to pay off any PSECU loan or be made payable to cash, yourself, any joint owner(s) or co-maker(s). Balance transfers do not qualify as eligible purchases for the cash-back reward program. Balance transfers access credit under the terms of your Visa Founder's Card account as stated in the PSECU Visa® Founder's Card Consumer Credit Card Agreement.
**** You can earn 1.5% cash rewards on purchases. You can earn 2% cash rewards on all purchases if you maintain a PSECU checking account and qualifying monthly direct deposit of at least $500. Balance transfer amount does not qualify for cash rewards. Only new purchases on Founder’s Card earn cash rewards. See the PSECU Visa® Founder's Card Rewards Program Terms and Conditions for full details.