Members can now get a 6.99% annual percentage rate on all balances transferred from other cards to a 1st Cooperative Visa Platinum card. This balance transfer special will be offered until April 21, 2023. Those who open a new 1st Cooperative Visa will also get the same rate.
Balances transferred from retail store cards and those from other financial institutions pay no transfer fee in addition to qualifying for the low rate, which will be in effect on transferred balances for 18 months.
“Rates are rising on all loans, including credit cards, so we know from experience that the 6.99% rate will ease the burden on a lot of people,” said Ashley Beach Reid, the credit union’s chief operating officer.
Members who already have a 1st Cooperative Visa Platinum can make transfers now. Non-members and members without a Visa Platinum have plenty of time to join and apply for a card and to then make their transfers from other cards.
“The savings can be huge, especially if someone is paying the 18% to 29% charged by some other cards,” Beach Reid said. “The special rate is good for a year and a half, and there’s no fee to make the transfer. That’s a good deal.”
Credit union membership is open to electric cooperative employees, trustees, and their families, who include spouses, parents, grandparents, children, grandchildren, siblings, and in-laws (with step and adoptive relationships included).
Apply at www.1stCooperative.com/visa-card. If you’re not a credit union member, join first at www.1stCooperative.com/join. Members with questions can contact the credit union at 803-796-0234.