Did you go a little credit crazy during the holidays? If checking the recent bill on your high rate credit card makes you a tad-bit ill, then you may want to consider a balance transfer to a low rate Yolo Federal Credit Card. We know what you’re thinking, “Why would I want to open another credit card? That’s what got me in this position in the first place.” It may seem somewhat counterintuitive, but we promise you it’s worth it.
Here’s how it works. Say you have a balance of $15,000 with a high rate credit card of 22.99%. Let’s imagine you’ll be making a sizable monthly payment of $500. With an extra $7,529 in interest, your total balance would be $23,000. With the current rate, this would take you 46 months to clear up. That’s almost 4 years. Mind-blowing, right?
Transferring your balance to one of our low rate credit cards could mean that you’re finally able to get ahead of your debt faster while saving hundreds of dollars. Worried about transfer fees? Don’t be! All of our credit cards feature no balance transfer or cash advance fees.
Kick those high rates to the curb and transfer your balance today! Click here to discover the Yolo Federal Credit Card that is right for you.