How Balance Transfers Can Help Save You Money

A balance transfer lets you move high-interest credit card debt from other financial institutions to any DuPage Credit Union credit card, thereby saving you money.

Hundreds of members take advantage of our balance transfer opportunities every year—either by opening one of our great 0% intro APR¹ balance transfer cards—DuPage Thrive and DuPage Imagine Rewards—or by taking advantage of one of our promotions throughout the year.

Is a balance transfer right for me?

If you’ve never done a balance transfer, you might be wondering if it makes financial sense. Here are some reasons you may want to transfer your balances to a DuPage Credit Union credit card:

• Pay down debt faster and save on interest. Say you have a credit card with a $5,000 balance which carries a 25% APR. You can afford to make $250 payments each month. If you move that $5,000 balance to any DuPage Credit Union credit card, you will pay off your credit card balance 5 months earlier and save $1,270 in interest charges! Calculate how much you can save.
• Consolidate your payments. It can be hard to keep track of different credit card payment due dates and APRs. Simplify your life by simplifying your payments. With a balance transfer, you can have only one credit card payment to make.

As you can see, balance transfers aren’t just for those who pay interest on their credit cards; they can also be a great way to simplify your life.

Frequently Asked Questions

Can you balance transfer a loan to a credit card?
Yes. You can transfer balances from any credit cards, personal loans, auto loans or home equity loans from lenders other than DuPage Credit Union, as well as gas cards, retail and department store cards.

Is there a limit on the number of credit cards that I can transfer to DuPage Credit Union?
No, there is no limit on the number of credit cards from which you can transfer balances. However, there is a maximum total balance you can bring over. This is known as your line of credit. You can see your line of credit in Digital Banking. Click on your credit card from the dashboard and then click on the Account Details tab.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

¹Imagine Rewards 0% for 12 months on balance transfers posted within the first 90 days of account opening. After that, a variable 17.75% to 25.75% APR applies based on your creditworthiness. Balance transfers on or after the 91st day of account opening will be subject to the 17.75% to 25.75% variable APR. The APR will vary with the market based on the Prime Rate. 0% intro APR balance transfer fee of either $5 or 3%, whichever is greater, will be applied to each balance transfer requested within the first 90 days of account opening. After that, none. Balances currently held with DuPage Credit Union do not qualify for the introductory balance transfer rate.
Thrive 0% for 12 months on balance transfers posted within the first 90 days of account opening. After that, a variable 15.75% to 23.75% APR applies based on your creditworthiness. Balance transfers on or after the 91st day of account opening will be subject to the 15.75% to 23.75% variable APR. The APR will vary with the market based on the Prime Rate. 0% intro APR balance transfer fee of either $5 or 3%, whichever is greater, will be applied to each balance transfer requested within the first 90 days of account opening. After that, none. Balances currently held with DuPage Credit Union do not qualify for the introductory balance transfer rate.