Balance Transfer

Pay off Credit Card debt faster

Credit card balances can get out of hand in a hurry. Whatever your situation is, we can help you get back on track with a credit card balance transfer.

Pay Off Debt Faster

No Balance Transfer Fees

Transfer Multiple
Card Balances

One-On-One Help

How To Get Started

Existing Cardholders

Are you an Honor member with an Honor Select or Select Rewards Credit Card?

  • IF NO, we recommend applying for one so you know how much you can transfer.

For Non-Cardholders/ Members

The first step is to apply for an Honor credit card. If you’re not a member, you will be prompted to open an account during this process. Here are a few things non-members will need:

  • Social Security Number
  • Driver’s License
  • Contact Information

What Are The Benefits?

Pay Off Debt Faster

  • Transfer any existing credit card balance to a low-rate or rewards-earning credit card. 
  • With a lower rate, more of your payments will go towards your principal balance so you can pay off your debt faster!
  • We will guide you through the balance transfer process to find the best solution for you!

No Balance Transfer Fees

  • Many banks charge a balance transfer fee between 3-5 percent of the transfer amount. Not us! We’re here to help you achieve financial success.
  • Along with no balance transfer fees, we also don’t charge annual fees or cash advance fees on any of our credit cards.
  • Because we don’t charge a balance transfer fee or annual fee, you can pay off your balance faster.

 

Balance Transfer Form

Know Before You Start

  • You need to know the balance of the card(s) you want to transfer
  • All forms are processed during normal business hours Monday – Friday
  • An Account Specialist will contact you within one business day and guide you through the rest of the process

Balance Transfer FAQs

If you have a high-interest credit card racking up debt and want to move this amount to a lower-interest card, consider a balance transfer for debt consolidation. Balance transfers are a helpful tool for anyone able to pay off the balance quickly or at a lower rate to save on interest.

Every situation is different. We recommend you reach out to us so we can evaluate your needs and give you a personalized recommendation.

Too many balance transfers can make it appear to creditors that you can’t pay your bills and are just shuffling high-interest debts to lower interest cards without the intention of paying off these balances quickly.

Most balance transfers are generally processed between 7 to 10 days, but different factors can affect that time frame. We recommend that if you have a scheduled payment coming up on the card balance you are transferring that you make that payment to be safe.

Absolutely! That’s actually a pretty common transaction. If you need help deciding what balances to transfer from what cards we would be happy to help!

*0%APR promo rate applies to balance transfers of $500 or more to an Honor Credit Union Credit Card from a non-Honor Credit Union credit card. Purchases and cash advances excluded. Rate is valid until 3/31/21, after which the introductory period ends, the standard purchase APR applies. Standard variable APR: 8.49% to 25.00%, based on your creditworthiness and other factors. The annual percentage rate (APR) will vary with the market based on Prime Rate. Business Mastercard does not qualify for promotion. New and current cardholders eligible. Credit card approval depends on creditworthiness and other qualifications. Rates, terms and conditions are subject to change without notice. Limited time offer. Insured by NCUA.