If you overspent during the holidays, now is a great time to utilize or apply for a Volt Visa Credit Card. Both existing and new cardholders are eligible.
Why Consider a Balance Transfer?
A balance transfer is a simple way of moving debt from one credit card to another. This a tool many use when trying to reduce or pay off credit card debt. Read on to learn why the Volt Platinum and Preferred Visa Credit Cards are an excellent option for those interested in simplifying their finances with a balance transfer.
1.) No balance transfer fee
It is very common for credit card companies to assess a fee for a balance transfer. This fee is often between 3 and 5%. At Volt, we do not assess a fee for balance transfers. This helps you save money as you consolidate your debt.
2.) Save money on interest
Many store credit cards carry higher interest rates, all the way up to 24% APR. You can transfer your higher interest balances from these types of cards to a lower interest card. That ensures more of your payment is going towards the principal, rather than interest.
3.) Simplify your finances
Trying to keep up with multiple credit card payments each month can become a full-time job. By consolidating the balances of several credit cards onto one lower interest card, you’ll have fewer payments to keep track of each month. It can also help make tracking paying off your debt easier.
All loans are subject to credit, income, and debt verification qualifications and member must be in good standing. Any balance transfer cannot exceed your predetermined credit limit. Rates and terms are subject to change at any time.
