Lean close and let us whisper in your ear: How much will it cost you to transfer a balance to your Salal Visa? Nothing. How much will you pay in interest on that balance for the next 12 months?1 Nothing! Your credit union is so happy to have you as a member, we’re giving you…NOTHING. But this might be the sweetest nothing you’ve received in a long time.
Transfer a non-Salal balance to your Salal Rewards or Classic Visa by February 28, 2013, and pay 0% APR2 interest on that balance for the next 12 billing cycles! There is no balance transfer fee, and of course, Salal Rewards and Classic Visas have no annual fee3, so it’s a win-win-win!
Why is it a good idea to transfer a balance? According to Creditcards.com, American households with debt have an average of $16,000 in credit card debt, and the average APR on a credit card with a balance is around 15%. Transfer that amount to your Salal Visa at 0% for 12 months, and you could save nearly $200 a month! That’s almost $2,400 in one year.
What could YOU do with the interest you could save? A good idea is to apply the money you would have paid in interest to paying the principal off faster. Or stash that extra cash in your emergency fund so the next time the unexpected becomes the inevitable, you have the funds to handle it.
For more information or to apply for a Salal Visa4, you can drop by your branch or click here.
1Length of introductory period will be 0% APR for 12 billing cycles from date of first balance transfer. Balance transfers must be completed between Jan. 1 and Feb. 28, 2013. After the introductory period ends, the standard APR will be applied to unpaid promotional balances.
2APR = Annual Percentage Rate
3The standard Variable Annual Percentage Rate (APR) is between 9.99% to 13.49% for our Rewards card and 7.99% to 15.74% for our Classic card. APR is determined when you open your account and is based upon your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. Foreign Transaction Fee of 3% of each transaction in US dollars for the Classic card and 1% for the Rewards card. Information is current as of January 1, 2013 and is subject to change without notice. Additional limitations, terms and conditions apply.
4Subject to credit approval.
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