Credit Card Balance Transfer

What are you waiting for? Transfer your high balance credit cards and start saving today.

Begin your Transfer:

Balance Transfer Special - 0% for 12 months - 2% Balance Transfer fee - Adventure more, worry less, Transfer your Balance

  1. You must be a member of Ukrainian Selfreliance Michigan Federal Credit Union with his or her own Savings Account. (newly-opened or existing). Apply Now
  2. To transfer your credit card balance from another financial institution, you need to have a USMFCU VISA Credit Card. Apply Now
  3. Have an existing USMFCU VISA Credit Card, but need to increase the credit card limit? Apply Now
  4. All set? Begin your balance transfer now.

Begin Balance Transfer

Transfer multiple card balances and use an easy online application

Here's what you'll need for a balance transfer:

  • Name of the other financial institution or merchant
  • Payment address of the other financial institution or merchant
  • Full credit card number
  • The balance of the card(s) you want to transfer
  • Last 2 paystubs
  • Self-employed? - Last 2 years full tax returns

Response Time: All balance transfer requests are processed during normal business hours Monday – Friday, and you can expect a response within 1-2 business days.

After Submitting: We recommend you continue to monitor your old account for two weeks to avoid late payments or other fees.

 

Requirements & Restrictions apply: 

Offer, rate & terms may change at any time without notice. Offer may be withdrawn at any time. Credit card approvals depend on individual's credit history and underwriting factors. *APR - Annual Percentage Rate

Balance Transfer FAQs


How do I know if a balance transfer is right for me? 

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. By taking advantage of the lower rate, you can put more money towards your credit card payments and pay it off faster.

What happens after the promotional period ends and I haven’t paid my balance in full?

After the promotional 12 months end, the remaining balance on the card will migrate to our standard APR that is applicable on the Ukrainian Selfreliance MI FCU Credit Card.

Will a balance transfer hurt my credit score?

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.

What do I do if I have a payment coming up on my existing credit card?

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.

Can I transfer the balances from multiple credit cards?

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! 

Do I close the credit card that I transferred the balance from?

We do not recommend to close out cards that you have been using for a long time as it might affect your credit score.

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