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Knocking Down Debt

Jan 03, 2019

Chances are, over the holidays you Person looking at financial documents while using a calculatoropened a few store credit cards to take advantage of in-house specials. It’s great to get that discount, but if you leave balances on those cards, you’re paying high interest rates. (One popular department store, for instance, charges 27.24% APR.) We’d like to help you knock down that debt more quickly.

Transferring high-interest balances to one, lower-interest-rate card helps you:

  • Pay less interest. When was the last time you checked your card rates? They may be higher than you think. RCU offers Visa ® card rates as low as 8.99% APR.* When you transfer balances, you’ll pay a lower rate and there’s no balance-transfer fee.
  • Lower your stress level. Having just one payment helps you stay organized and allows you to see more clearly what you owe each month, so you can budget wisely.
  • Reduce your credit utilization rate. When you pay off those other cards, it helps reduce your credit utilization rate, so you can rebuild your credit score. (Utilization rate is how much of your overall credit limit you’re using. 30% is recommended for good credit health.)

To transfer those high-interest-rate balances to your RCU Visa card (with no balance-transfer fee), visit

Here’s to a new year of less debt!

* Rates effective 1/1/19 and assume excellent credit. All rates, terms and special offers subject to change. Certain restrictions apply. For cash advances at a non-RCU location, the greater of 2% of the advance or $20 will be charged. Balance transfer transactions are excluded from earning rewards points.
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