Maria Adams, Credit Cards Moderator
@m_adams
The best BECU balance transfer credit card is the Boeing Employees Credit Union Low Rate Credit Card because it offers 0% for 12 months on balance transfers requested within 90 days of opening an account. It also has a $0 balance transfer fee, unlike most cards. The card’s regular APR is 12.99% - 23.99% (V).
Boeing Employees Credit Union Low Rate Credit Card Balance Transfer Details
- Introductory offer: With the Boeing Employees Credit Union Low Rate Credit Card, you’ll be able to move debt from a high-interest credit account and pay off the debt at an intro APR of 0% for 12 months.
- Requirements: Boeing Employees Credit Union Low Rate Credit Card balance transfers can only be performed if your account is in good standing.
- Eligible transfers: BECU allows you to transfer high-interest debt from other credit accounts such as personal loans, student loans, and auto loans.
- Exclusions: You cannot transfer debt from one BECU account to one of its credit cards. This rule applies to BECU credit card debt and auto, personal, and home equity loans, among others.
- Processing time: Once you submit a request, it takes about 7 days for the transfer to be completed. However, in some cases it can take longer than that.
You should strive to pay off your entire Boeing Employees Credit Union Low Rate Credit Card balance before the 12 months introductory period expires. Any unpaid balance will be subject to the card’s regular purchase APR. That’s the case with the alternatives, too, both from BECU and beyond.
BECU Balance Transfer Credit Cards
If you want more options, you can check out our editors’ complete picks for the best balance transfer credit cards on the market.
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Do balance transfers hurt your credit?
Yes, balance transfers do hurt your credit when you open a new credit card account to do the transfer. Applying for a balance transfer credit card will generate a hard inquiry on your credit report, causing a slight dip in your credit score.
If you transfer a balance to an existing credit card account, however, there is no hard inquiry and no credit score damage. A balance transfer could still result in high credit utilization, though, and allow you...
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Doing a balance transfer is a very good idea if you need multiple months to pay off high-interest debt and you are able to qualify for a 0% balance transfer credit card. Most balance transfer cards require a 700+ credit score (at least good credit) for approval.
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The best way to do a balance transfer is to apply for a new credit card with a low balance transfer APR and low fees. If your balance transfer credit card application is approved, the new card’s issuer will pay your original creditor for the amount transferred. You will then owe that amount, plus a balance transfer fee of 0% - 3%, to the balance transfer card’s issuer. If you repay the full amount of your balance...
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