When it comes to PSECU Visa® balance transfers, you may be familiar with the basics: By taking advantage of our low balance transfer APR and moving high-interest credit card debt to our Classic Card, you can save on the amount of interest you pay. And because there are no PSECU balance transfer fees, that savings stays with you instead of getting eaten up by fees.
You may be surprised to find, though, that there are many benefits to a PSECU Visa® balance transfer beyond simply moving high-interest credit card debt. Discover these often-overlooked details and unlock countless opportunities to conquer your debt.
Maybe you took advantage of a buy now, pay later offer that’s costing you more than you’d like in the long run. Or maybe you have a high-APR personal loan that you can’t seem to pay off because your payments are eaten up by interest charges. While you can’t use a Visa balance transfer to pay off other PSECU loans, there are endless other ways you can utilize them.
You can transfer balances from loans like these, and many others, to our Classic Card and pay just 4.9% APR* during the promotional period, which currently runs through December 31, 2025.
Need to make a large purchase, but don’t have the cash? Instead of charging it to a high-interest credit card, you can use a Visa balance transfer check. In digital banking, you can request to have Visa balance transfer checks sent to you (you can request three or six at a time). You can then write those checks as payable to a retailer the same way you would use a personal check.
Going in on a large purchase with a friend? Or buying something directly from an individual? You can also use a Visa balance transfer to pay a person directly.
You can log into digital banking and send a payment to another person at any time by requesting a Visa balance transfer. Alternatively, you can write a Visa balance transfer check payable to that person. There are a few exceptions to this - Visa balance transfer checks cannot be made payable to yourself, cash, a joint owner on your account, or used to pay a PSECU loan. If you do utilize a Visa balance transfer check in one of these ways, you’ll be charged the regular Balance Transfer APR on the transaction.
You can have up to 10 outstanding balance transfers on your card at one time. Of course, the total amount of your unpaid transfer requests can’t exceed your available credit limit.
These balance transfers can be from the same promotion or multiple.
For example, if you transferred two balances in 2023 and received a promotional rate good through December 2024, you could also take advantage of this year’s promotion, which is good through December 2025.
Assuming you didn’t have those two balance transfers paid off, you would have eight additional balance transfers available. As you pay off transferred balances, you can request additional ones. These additional balance transfers will carry the same low promotional rate until the offer expires. And, as always, they will have no PSECU balance transfer fees.
So, while many financial institutions only allow you to take advantage of balance transfer offers one time, we give you countless opportunities to conquer your debt.
Itching to get started on your journey to conquer your debt? There are a few things you should know to be set up for success:
Our Classic Card boasts a low APR, currently 12.9% (subject to change). So, even if you’re not able to pay off your balance transfer before the promotional period expires, you can still save on interest when compared to higher-interest cards.
The minimum amount you can transfer to your PSECU credit card is $250 if conducting the transfer in digital banking. If you request a paper check, there is no minimum transfer amount. The maximum you can transfer is the available credit limit on your credit card.
Once you have our Classic Card, transferring a balance is easy to do in online banking or our mobile app. Simply log in, navigate to Cards in the Menu and select Manage Cards (in the mobile app, you’ll go directly to Manage Cards). Choose Visa® Balance Transfer next to or below your Classic Card and follow the on-screen prompts.
Get more details about the current Visa balance transfer promotion we’re running and how you can save here.
*When you take advantage of the 4.90% APR promotional offer, Visa® balance transfers will accrue interest at 4.90% APR from the time that the transaction posts until the 4.90% APR promotional offer expires on 12/31/2024; thereafter, any remaining balance will begin to accrue interest at the APR for Balance Transfers, currently 12.90% (subject to change). Payments will be applied as stated in your Visa® Classic and Visa® Alumni Classic Consumer Credit Card Agreement. A minimum of $250 must be requested for balance transfers through digital banking. Our 4.90% 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 and Visa® Alumni Classic Consumer Credit Card Agreement.