Ever wonder why swiping a credit card feels so much easier than handing over cash? It’s because you’re not actually parting with money in the moment—you’re borrowing it, with the promise to pay it back later. But that small swipe can lead to a big balance before you know it. It's important to treat using your credit card as a real transaction and only make purchases that you know you can pay back in a reasonable amount of time.
Now let’s talk about interest because that’s often where credit card debt really starts to snowball. High APRs (annual percentage rates) can make it feel like you’re running in place—paying monthly but never making real progress. Over time, you end up paying much more than the cost of your original purchases. One way to get ahead is by transferring your balance to a credit card with a low introductory APR. This gives you a chance to pause high interest rates for a limited time and focus on paying down your actual balance. Plus, depending on the card, you might benefit from added perks like rewards or a lower ongoing rate than your current card.
With our Visa® Balance Transfer (VBT), we offer three rates designed for different types of goals. Whether you need three, six or 12 months to pay off your balance, you can choose the rate that works best for your timeline and budget.
Five Things to Consider Before Transferring a Balance
Monitor your credit score. A good or excellent score is often required for approval. Once you're approved, a balance transfer can also impact your credit score, so be sure to regularly check your score.
Research transfer fees. Be aware of balance transfer fees that you may be charged. While some credit cards don't have these fees, many do. All three of our VBT offers include no or low transfer fees.
Determine how much to transfer. You don’t have to transfer your entire balance. You can start small or choose the amount that best fits your financial plan.
Make a payoff plan. A low or 0.00% APR is usually only for a limited time. Set a monthly goal so you are debt-free before the promotional period ends.
Don't overspend on your new card. Stick to your payoff strategy and try not to charge new purchases to the card. The goal is to get out of debt—not to add more.
Ready to Take Control?
A Members 1st VBT could be your next best step. Explore a side-by-side comparison of our cards. Our Visa credit cards are compatible with mobile wallet, and you can manage your money on-the-go using our Members 1st mobile app. As your go-to financial guide, they’re ready to help you navigate the details of spending, saving and planning for the future.
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