Best Credit Union Credit Cards for Balance Transfers in 2024

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When it comes to managing your debt efficiently, considering a credit union balance transfer might be a savvy move. Credit unions often offer favorable terms, including credit union 0% APR credit cards, which can be a great aid in reducing your debt over time.

Understanding the full spectrum of various credit unions' offerings can give you the leverage to make the best financial decisions for your circumstances. We'll list the best credit union credit cards for balance transfers, explore what these cards are and discuss the pros and cons to expect. Moreover, we will walk you through choosing the best one and give you tips on maximizing their benefits.

Why You Can Trust Our List


  • Navy Federal Credit Union Platinum Card

    A great no-annual-fee balance transfer card for Navy Federal Credit Union members


    • 0% Intro APR (then variable APR)Balance Transfer Offer
    • 12 monthsBalance Transfer Duration
    • 10.99%–18% (Variable)APR
    • 0%Balance Transfer Fee
    • Fair–ExcellentRecommended Credit

    The Navy Federal Credit Union Platinum card stands out as a wallet-friendly choice because it lacks annual, balance transfer and foreign transaction fees. This card prioritizes user security with 24/7 stateside member support and robust fraud protections. Travelers and online shoppers will find value in the Collision Damage Waiver and enticing online Member Deals. While it doesn't offer traditional rewards or a bonus for new cardholders, the unique benefits and holistic support make it a reliable financial companion for many. However, be mindful that membership is a must to access its features.

    Pros

    • No annual fees
    • 24/7 stateside member access
    • With fraud protections
    • Collision Damage Waiver included
    • Online member deals benefits

    Cons

    • Membership required
    • No new cardholder bonus
    • No rewards
    • No intro APR period
    • No annual fees
    • No balance transfer fees
    • No foreign transaction fees
    • Regular APR: 11.99%–18% (variable)
    • Members have 24/7 access to stateside representatives
    • You have the ability to freeze and unfreeze your card
    • The card offers fraud notifications; there's a Zero Liability policy for unauthorized transactions
    • It comes with a Collision Damage Waiver
    • Travel and emergency assistance is provided
    • When shopping through Navy Federal's online Member Deals with this credit card, you can enjoy higher rewards, free shipping from selected retailers, exclusive offers and other perks
    Navy Federal Credit Union Platinum Card
  • Gold Visa® Card

    A good low-APR balance transfer card with no annual fees


    • NoneRewards Rate
    • 17.99% (Variable)APR
    • $0Annual Fee
    • Good–ExcellentRecommended Credit

    The PenFed Gold Visa® Card is a solid choice for those looking for straightforward financial advantages. Imagine going on a shopping spree or traveling abroad without fretting about added costs — this card eliminates yearly fees and pesky foreign transaction charges. Plus, it gives you breathing space with its initial interest-free purchase period. However, be mindful that there's a fee involved when transferring balances. Also, while it doesn't overwhelm you with rewards, its simplicity and core benefits make it a reliable card for everyday use.

    Pros

    • No annual fee
    • With 0% intro APR offer
    • No foreign transaction fee

    Cons

    • Charges a balance transfer fee
    • Interest charged if not paid in full
    • No additional reward incentives
    • No annual fee
    • There's a 0% introductory APR on purchases for the first 15 months after account opening
    • After 15 months, the regular APR for purchases is 17.99% (variable)
    • With a 3% balance transfer fee
    • Interest is charged on all purchases made with the card unless the entire balance is paid in full by the payment due date
    • No foreign transaction fee
    Gold Visa® Card
  • PenFed Platinum Rewards Visa Signature® Card

    A great no annual fee gas rewards card


    • 1–5 PointsRewards Rate
    • 17.99% (Variable)APR
    • $0Annual Fee
    • Good–ExcellentRecommended Credit

    The Platinum Rewards Visa Signature® Card offers exceptional value, especially for those who regularly spend on gas, dining and groceries. With a rewarding bonus just for starting and no annual fee, it provides an immediate kickstart to your rewards journey. Additionally, those looking to consolidate their debt will find the promotional balance transfer rate appealing. While it requires a higher credit standing and PenFed membership, the benefits are tailored for discerning cardholders who prioritize savings and rewards in their financial toolkit.

    Pros

    • No annual fee
    • With welcome bonus
    • Potentially high rewards for everyday expenses
    • 0% promo APR for balance transfers

    Cons

    • High credit requirement
    • With balance transfer fee
    • Must be a PenFed member
    • No annual fee
    • Enjoy a bonus of 15,000 points after spending $1,500 within the first 90 days
    • Receive 5X points for gas and EV charging station expenses
    • Get 3X points at supermarkets, including most Target and Walmart stores, as well as restaurants and various media services
    • Earn 1X points on all other purchases
    • Benefit from a 0% promo APR for balance transfers for the first 12 months; a 3% transaction fee applies
    • Regular APR: 17.99% variable
    • Must be a PenFed member to qualify
    PenFed Platinum Rewards Visa Signature® Card
  • PenFed Power Cash Rewards Visa Signature® Card

    A good no-annual-fee balance transfer card with cash back


    • 1.5%–2% Cash BackRewards Rate
    • 17.99% VariableAPR
    • $0Annual Fee
    • Good–ExcellentRecommended Credit

    The Power Cash Rewards Visa Signature® Card from PenFed offers impressive value for the savvy spender. With no annual fees and the opportunity for elevated cash back rewards on all purchases, this card brings the savings directly to your wallet. New members are greeted with a warm welcome bonus, amplifying its charm. Consumers looking to manage existing debt can capitalize on a year-long balance transfer offer. Remember that you'll need to be part of the PenFed community and have good to excellent credit to access this card.

    Pros

    • No annual fee
    • Potentially high cash back rewards
    • Cash back on all purchases
    • Comes with welcome bonus
    • Offers 0% balance transfer APR for 12 months

    Cons

    • Need credit union membership to qualify
    • Charges a balance transfer fee
    • No annual fee
    • PenFed Honors Advantage Members get 2% cash back on all purchases
    • All other card purchases earn 1.5% cash back
    • No caps, limits or gimmicks on cash back rewards
    • Earn $100 bonus statement credit after spending $1,500 in the first 90 days
    • Enjoy a 0% promo APR on balance transfers for 12 months; a 3% fee applies to each transfer
    • Introductory offer applies to balance transfers made within 90 days of account opening
    • After the promotional period, the balance transfer APR is a non-variable rate of 17.99%
    • Purchase APR is 17.99% variable
    • Requires PenFed membership
    PenFed Power Cash Rewards Visa Signature® Card
  • Choice Rewards World Mastercard®

    • 2X Points on Everyday PurchasesRewards Rate
    • 13.25% and 18% (Variable)APR
    • $0Annual fee

    The Choice Rewards World Mastercard® from First Tech Federal Credit Union is a standout option for those eyeing an affordable yet rewards-rich credit card. With no annual fee and a welcoming bonus offer, it champions value from the get-go. Cardholders can anticipate consistent rewards on every purchase and have peace of mind knowing the rewards don't expire. It's also versatile in redemption options, from cash back to unique experiences. However, the card is available exclusively to First Tech members.

    Pros

    • No annual fee
    • With welcome bonus points offer
    • 0% APR for balance transfers for 12 months
    • All purchases get rewards points
    • Points never expire and have diverse redemption options

    Cons

    • Low rewards for non-bonus categories
    • Exclusive to First Tech Credit Union members
    • No travel benefits
    • No annual fee
    • Earn 20,000 bonus points, valued at $200, when you spend $3,000 in the first 60 days
    • Enjoy 0% introductory APR and no-fee balance transfers for 12 billing cycles when transferring within 90 days of opening the Choice Rewards Mastercard
    • After the introductory period, the balance transfer APR will be between 13.50% and 18.00%
    • Receive 2X rewards points on everyday purchases like gas, groceries and household goods
    • Earn one reward point for all other purchases
    • Redeem points for cash back, travel, merchandise, gift cards and unique experiences
    • There's no cap and expiry on rewards points
    • Mastercard Purchase Assurance covers your purchases against damage and theft for 90 days
    • Avail of exclusive discounts from brands like Doordash, Hello Fresh, Lyft and Fandango
    • Benefit from Mastercard's suite of features such as ID Theft Protection™, MasterRental Coverage and Master Global Service™
    • Receive 24-hour worldwide assistance for lost/stolen card reporting, emergency replacements and cash advances
    • Portland Trail Blazers fans can opt for a Blazers-branded card with added team-specific benefits
    • Applicant must be a First Tech Credit Union member to qualify
    Choice Rewards World Mastercard®

What Is a Credit Union Credit Card?

A credit union credit card is similar to a regular credit card but comes from a credit union rather than a bank. Credit unions are member-owned, not-for-profit organizations offering more customer-friendly terms, including lower interest rates and fewer fees.

Understanding what a credit union credit card is can be your first step towards gaining a tool that offers not only purchasing power but also potentially lower costs. These cards can be a wise choice if you're looking to maintain a lower debt profile.

How Credit Union Credit Cards Work

Understanding how credit union credit cards work is crucial in utilizing them to your advantage. Let's break down the workings to help you make an informed decision.

Membership Requirements

Before you can get a credit union credit card, you first need to become a credit union member. The requirements for membership can vary, but they generally involve living in a particular area, working for specific employers or having a family member who is already a member. Knowing these prerequisites will facilitate a smoother application process for your credit union credit card balance transfer.

Interest Rates and Fees

Credit union credit cards often have lower interest rates and fewer fees than traditional bank credit cards. This is because credit unions operate as not-for-profit organizations, prioritizing member benefits over profits. Being familiar with the potential savings on interest rates and fees can aid you in choosing the best credit union for balance transfer.

Balance Transfers

Balance transfers involve moving debt from one credit card to another, ideally to a card with a lower interest rate. With a credit union 0% APR credit card, you might find options that offer zero interest for an introductory period, helping you save on interest costs as you pay down your debt. It's beneficial to analyze different credit union balance transfer cards to find the one that meets your needs optimally.

Rewards and Benefits

Credit unions also offer rewards and benefits with their credit cards. You may find options that offer cash back, rewards points or travel rewards. While these rewards may not always be as extravagant as those offered by big banks, they can still add significant value, helping you get the most out of your credit union credit card.

Pros and Cons of Using a Credit Union Credit Card

Opting for a credit union credit card balance transfer can be a strategic financial move. To make the best decision, it’s important to weigh the pros and cons of using a credit union credit card.

Pros

  • Lower interest rates: Credit unions generally offer lower interest rates than traditional banks. This means if you have a credit union 0% APR credit card, you could save significantly on interest payments, easing your financial management process.
  • Fewer fees: Credit unions typically charge fewer fees, including lower late payments and over-the-limit fees. This aspect makes managing a credit union credit card less stressful and more forgiving.
  • Community-focused: Being member-owned, credit unions often focus on serving their community. This approach can sometimes result in more personalized service and community development initiatives, allowing you to be part of something bigger as a member.
  • Better approval chances: If you have a less-than-perfect credit score, you might have better approval odds with a credit union. They often adopt a more personal approach in their evaluation, considering your relationship with the union and other factors beyond your credit score.

Cons

  • Limited rewards programs: While credit union credit cards do offer rewards, they may not be as robust or varied as those from big banks. This can mean fewer opportunities to earn points or cash back using this card.
  • Membership requirements: Credit unions have specific membership requirements that might limit accessibility. You may be ineligible for the best credit union credit cards for balance transfers if you don't meet the necessary criteria.
  • Less technological advancement: Credit unions may lag behind larger financial institutions in terms of technological advancements. This could translate to less user-friendly mobile apps and online platforms, potentially impacting your banking experience.
  • Fewer branch locations: Credit unions usually operate with fewer branches compared to national banks. If you prefer in-person banking, this might pose a drawback as it could limit your access to physical branches and ATM networks.

Tips on Choosing a Credit Union Credit Card

Selecting the right credit union credit card is vital in effectively managing your finances. Let's discuss the key factors you should consider to find the best credit union for balance transfer.

1
Evaluate your spending habits

Consider how you typically use your credit card. Do you pay off the balance every month, or do you tend to carry a balance? Your habits can dictate the kind of card you should opt for. For instance, a credit union credit card with a low interest rate might be beneficial if you have a balance.

2
Research the interest rates

Credit unions often offer cards with competitive interest rates. Make sure to compare these rates diligently to find a credit union 0% APR credit card or one with the most favorable terms to facilitate a wise balance transfer credit union strategy.

3
Consider the fees

Besides the interest rate, you should also know the various fees associated with credit union credit cards. Evaluate annual fees, late payment fees and cash advance fees to ensure you choose a card that remains affordable in the long run.

4
Look into the rewards programs

While credit union credit cards might offer more limited rewards compared to big banks, they still have rewards programs. Explore the options available to find a card that offers rewards aligning with your spending patterns, be it cash back, points or travel rewards.

5
Check the credit union’s customer service

Good customer service can be a substantial asset, especially when you run into issues with your account. Research and read reviews to understand the kind of customer service various credit unions offer, aiming to choose one with a responsive and helpful team.

6
Understand the membership requirements

Before you decide on a card, make sure you meet the membership criteria of the credit union. Understanding these requirements can save you time and help streamline your application process.

Maximizing the Benefits of Your Credit Union Credit Card for Balance Transfer

A credit union credit card can be a powerful tool in your financial toolkit. To ensure you're leveraging its full potential, consider the following strategies to get the most out of it:

  • Pay on time: To avoid late fees and maintain a good credit score, pay your credit card bills on time. Setting up automatic payments can be a smart way to ensure you never miss a due date, helping you maintain a healthy financial profile.
  • Leverage the low interest rates: If your credit union offers a 0% APR period, take advantage of this to pay down your debt without incurring extra interest. However, budget effectively to pay off the balance before the introductory period ends to avoid potential interest charges.
  • Utilize balance transfers judiciously: When used wisely, a balance transfer can save you money and help you pay down debt faster. Research the best credit union for balance transfer and develop a clear plan to pay off the transferred balance within the low or zero-interest promotional period.
  • Seek financial advice from your credit union: Many credit unions offer financial education resources and advisory services. Utilizing these services can help you manage your finances better and understand how to make the most of your credit union balance transfer cards.
  • Monitor your account regularly: Keeping a close eye on your account will help in budget tracking and spotting any unauthorized activities promptly. Set up alerts for large transactions and regularly review your statements to stay on top of your account’s status.

Next Steps

Credit union credit cards offer various benefits, including lower interest rates and a community-focused approach. By understanding their workings and pros and cons, you can choose the best credit union credit cards for balance transfers tailored to your financial needs.

Remember to critically evaluate potential credit unions' interest rates, rewards programs and customer service. Your next step is researching and shortlisting credit unions that resonate with your financial goals and habits. Taking this step with a strategic approach will ensure you choose a card that aligns seamlessly with your financial journey, helping you move towards a more secure financial future.

FAQ: Credit Union Credit Cards for Balance Transfers

Understanding the best options for credit union credit cards for balance transfers can sometimes bring up questions. To help you grasp the concept more effectively, we've answered some frequently asked questions.

What makes credit union credit cards better for balance transfers?
Are the balance transfer fees the same across all credit unions?
Can I transfer balances from multiple cards to a credit union credit card?
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About Grace Pilling


Grace Pilling headshot

Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.

Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.


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