Education is Essential

Credit Card Balance Transfers

Pay Off Debt Faster

A balance transfer from a high-rate credit card to an Essential VISA Credit Card can be an effective money-saving method to pay down expensive credit card debt. For example, if a large balance is collected on a credit card with a high annual percentage rate (APR), a balance transfer to a card with a much lower interest rate means payments will be going mainly toward paying off principal instead of most of it going toward interest.

Now through November 13, 2020, when qualifying applicants transfer balances to a new Essential Federal Credit Union credit card they will receive 0% APR* on transferred balances for 6 month!. PLUS a $25 Amazon Gift Card! In the long run, that can potentially save significant amounts of money in the form of interest that doesn’t have to be paid.

Get a jump on getting out of debt faster by paying balances down as quickly as possible within those first 6 months.  After the first 6 months the rate will convert to a low rate (see current rates), often times significantly lower than other credit cards. Lower rates allow card holders to continue paying off debt faster.

High Interest Rate Card
  • A balance of $5,000
  • Rate of 15% APR
  • Payments of $200/month

Will take you around 31 months to pay off this credit card balance AND you will pay over $1,000 in interest!

Low Interest Rate Card with Introductory Rate and No Balance Transfer Fee
  • A balance of $5,000
  • Introductory rate of 0% APR for 6 months and reverting to 7% APR after the intro rate
  • Payments of $200/month

Will take you around 27 months to pay off this credit card, HOWEVER, your total interest cost will be around $240.  


See how long it will take you to pay off your credit card balance by using Essential’s calculator.  See more calculators provided by Essential here.




*Subject to Credit Approval. Introductory rate good until the first day of the billing cycle that includes the 6 month anniversary date of the opening of your account. After that, your APR will be 7.00-17.99% (as of 7/20). This APR will vary with the market based on the Prime rate and credit worthiness. Rate will also vary based on card type (Platinum or Titanium). Purchases and cash advances do not qualify for introduction rate and standard rate will apply. Cardholder benefits are subject to change without notice.  See VISA disclosures for detailed terms and conditions that may apply.  $25 Amazon Reward will be mailed to the account address on file. Only one Amazon Reward per card holder. Promotion is not valid where prohibited by law. Restrictions apply, see  Offer ends November 13, 2020.