Balance Transfer

Important Information:

Applying for a balance transfer with Red Crown is easy! Simply complete this balance transfer application and return to Red Crown for approval. Processing times may vary, so please allow up to four (4) weeks for balance transfers to be completed. The total of all your balances to be transferred may not exceed your credit limit minus $75.00.

To eliminate late fees or other applicable charges, continue making payments on your balances until the balance transfers are complete. Any new charges made on your existing cards after the balance transfer has taken place will not be transferred and may require at least the minimum monthly payment.

Cannot be combined with any other offer. New money only. Approval subject to credit qualifications and lending guidelines. Red Crown is not responsible for any charges owed to any creditor because a payment was not applied by a specific date. Red Crown reserves the right to decline any balance transfer request. Refer to our Credit Card Agreement for more information.

Balance Transfers are processed in accordance with your Credit Card Agreement and are subject to credit availability. If you request a balance transfer to be made, you should not rely on a balance transfer to be made by any particular date. Although most balance transfers will be made sooner, it could take up to four weeks before payment to your other account is made. Accordingly, you should continue to make all required payments on your other accounts until you confirm that the balance transfer has been made. Balance transfers may not exceed your available credit. If you transfer a balance that contains a dispute with a creditor, you may lose certain dispute rights. There is no grace period for balance transfers. For specific information about the costs, please contact Red Crown Credit Union.

A balance transfer is a cash advance; interest accrues from the date the advance is made.

Please allow approximately twenty (20) business days for the balance transfer to reach the other creditor(s). Red Crown will not be responsible for any finance charges accrued from other institutions if payments are not received by the institution’s statement due date.

Payments are applied first to any finance charges/interest and other fees due and then to the unpaid principle balance with the highest APRs.

*Annual Percentage Rate. Your balance transfer rate will be 3.90 on transferred balances for 12 months. After that, your rate will revert to your standard APR.