Enjoy 1.99% APR* on a balance transfer with University Credit Union.
Are high-interest credit card balances weighing you down? University Credit Union offers a solution to help you save money and streamline your finances.
Simplify your finances with a balance transfer.
Our balance transfer is designed to help you consolidate debt and improve your financial well-being.
-
Promotional rate is valid for 6 months (180 days) from the first qualifying balance transfer.
-
Make multiple balance transfers during the qualifying period.
-
Only UCU Rewards and UCU Cash Back credit cards are eligible for this promotion.
Why consider a balance transfer?
-
Lower Interest Rates: Transfer your existing credit card balances to a UCU credit card and benefit from our competitive rates, potentially saving you money on interest.
-
Simplified Payments: Consolidate multiple credit card balances into a single monthly payment, making it easier to manage your finances.
How to get started
If you don't have one yet, explore our credit card options and apply online.
Once approved, you can transfer your existing credit card balances to your new UCU credit card.
With lower interest rates, you can focus on paying down your debt more efficiently.
Explore the cards.
Transfer your balance to one of these eligible cards.
Transferring balances within your UCU account? Balance transfers are available for these eligible cards. If you are not yet a UCU member-owner, when you set up your balance transfer, you will be able to choose between one of these cards and its benefits.
-
Earn cash back on every purchase
Cash Back Credit Card about Earn cash back on every purchase -
Earn points for every dollar you spend
Rewards Credit Card about Earn points for every dollar you spend
We're here to help you streamline your transfer.
For more information or assistance with the balance transfer process, please contact us.
Frequently asked questions
- Who is eligible for the balance transfer promotion?
This promotion is available to existing and new UCU members who hold a UCU Rewards or UCU Cashback Credit Card.
- How does the promotional interest rate work?
Members who transfer a balance from another credit card to their UCU credit card will receive an introductory 1.99% APR for 6 months (180 days) from the date of the first qualifying balance transfer. After 180 days, the standard APR for balance transfers will apply.
- Can I transfer multiple balances?
Yes, members can transfer multiple balances during the promotional period. Each transfer will receive the 1.99% APR for 180 days from the date of the initial qualifying balance transfer.
- What happens after the promotional period ends?
After the promotional period, any remaining balance from the transferred amount will revert to the standard balance transfer APR for the member’s credit card. Members should check their credit card agreement for details on their specific standard APR.
- What types of debt can be transferred?
Members can transfer balances from credit cards issued by other financial institutions. However, balance transfers cannot be made from other UCU credit cards or loans.
- Is there a fee for transferring a balance?
Yes, a balance transfer fee of 2.00% of the transferred amount applies, with a minimum charge of $10.
- How can I initiate a balance transfer?
You can request a balance transfer by:
- Open one of the eligible credit cards at ucu.org/loans/credit-cards
- Calling UCU Member Services at 800.UCU.4510
- Visiting a UCU branch and speaking with a representative
- Can a balance transfer be reversed or canceled?
Once a balance transfer is processed, it cannot be reversed. Please ensure that you want to proceed before confirming the transfer.
- Will a balance transfer affect a my credit score?
A balance transfer itself does not directly impact your credit score. However, credit utilization and account age can influence a score. Please consider your overall financial situation before making a transfer.
- When will the transferred balance be applied to my UCU credit card?
Balance transfers typically take 14 business days to process. You should continue making payments on your original credit card until the balance transfer is confirmed to avoid late fees.
- Can I continue using my credit card while carrying a transferred balance?
Yes, you can continue to use your UCU credit card. However, new purchases will accrue interest at the standard purchase APR unless paid in full by the due date.
- How can I track my balance transfer progress?
You can monitor your balance transfer status and promotional APR expiration date through online banking or by contacting UCU Member Services.
- Will I still earn rewards on my UCU Rewards or Cash Back Credit Card?
Balance transfers do not earn rewards points or cash back. Only eligible purchases earn rewards.
*APR = Annual Percentage Rate. Promotional 1.99% APR applies to qualified balance transfers from February 15, 2025 – April 15, 2025 for 6 months from the date of the first qualifying balance transfer. Members may make multiple balance transfers during the qualifying period; the promotional rate for each balance transfer will expire 180 days after the initial qualifying balance transfer date. A 2% balance transfer fee applies. This promotion only applies to UCU Rewards and UCU Cashback credit cards. A minimum of $10 must be transferred. Cash advances are excluded. Promotional rate excludes payoff to another University Credit Union (UCU) loan or credit card. After the promotional period ends, any remaining balance will revert to the standard rate, ranging from 14.99% to 23.99% APR. You may not be eligible for the promotional rate if you are delinquent. Balance transfer subject to credit qualification and available balance limit. Continue to pay your other balances until the balance transfer is received which could take up to 14 days. UCU will not be responsible for finance charges or late fees on the account you are paying off. Cash Back or Rewards will not be earned for balance transfers. UCU reserves the right to refuse any balance transfer request. Programs, rates, terms and conditions are subject to change without notice.