What is a Balance Transfer?

A balance transfer lets you move what you owe from one credit card to another. Many Members choose this option to take advantage of a lower interest rate or a special promotional offer, which can help them save money and pay down debt faster.

With a balance transfer, you can:

  • Save on interest – Transfer your balance to a card with a lower rate.

  • Simplify your payments – Combine multiple credit card balances into one monthly payment.

  • Pay off debt faster – More of your payment goes toward your balance instead of interest.

It’s important to know that some transfers may include a small fee, and promotional rates typically last for a set time before the regular rate applies. Always review the terms so you can make the most of your transfer.

How to Complete a Balance Transfer

  1. Acquire the most recent credit card statement from your creditor (i.e. other credit union, bank, or credit card company).

  2. Deliver the statement to a CSE branch or email your statement to CSECardServices@csefcu.org.

  3. Complete a Balance Transfer Form either in person at a CSE branch or digitally via DocuSign.

  4. CSE will then process the request, which will decrease the available limit on the CSE credit card.

  5. The creditor should receive the funds in about 7 business days.