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Make the Switch: How a Low-Interest Credit Card with Balance Transfer Can Free You from High-Cost Debt

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Is your credit card debt costing you more than it should? 

Let’s face it: carrying a high balance on a standard credit card can turn into a heavy financial burden. With fees stacking up and interest rates climbing, what started as a convenient way to pay can quickly become a source of stress. 

Here at Auburn University Credit Union, we believe in giving our members control. So if you’re looking to break free from high-interest credit card debt, moving that balance to a low-interest card with a smart balance transfer strategy may be the tool you’ve been waiting for. 

What is a balance transfer — and how can it benefit you? 

A balance transfer simply means moving the outstanding balance from one (or more) high-interest credit card to a new card that offers a lower interest rate. The goal: pay less interest, keep your payments focused on reducing the principal, and get ahead of debt rather than chasing it. 

Here are key benefits: 

  • Lower cost of borrowing. When your interest rate drops, more of your payment goes toward reducing the balance rather than covering interest. 
  • One place payment. Instead of managing multiple cards and due dates, you consolidate into one account, simplifying your life and reducing the risk of missed payments. 
  • Momentum toward debt freedom. Redirecting the “interest savings” toward the balance accelerates your progress and gives you visible wins. 

Why a low-interest card from AUCU is a smart choice 

At AUCU we’re not about hidden traps or gimmicks – we’re about offering real value to members. Here’s why our low-interest credit cards are different: 

  • Competitive rates: We offer credit card rates ranging from 7.9% to 19% APR, well below the industry average of around 25%. 
  • Member owned, member first: Unlike many big banks where profits are prioritized, AUCU reinvests in you. More savings, fewer fees, and more support.  
  • Straightforward lending: We know our community. From “the Plains to the Capital City”— and we’re here to support your financial wellness at every step.  

If you’re ready to start reducing your debt burden, transferring to an AUCU low-interest card is a smart move. 

How to use a balance transfer wisely 

A balance transfer can be a powerful move, but it works best when paired with a plan. Here’s how to maximize the benefit: 

  1. Check the terms. Is there a promotional rate? How long does the promo period last, and is there a transfer fee? AUCU balance transfers are free. 
  2. Calculate your breakeven. If your current card is at 20% APR* and you transfer to a card with 8% APR*, estimate how much you’ll save monthly and how that accelerates payoff. 
  3. Budget for payment. Treat your payment amount like a nonnegotiable expense. The lower rate is only part of the benefit – paying consistently is key. 
  4. Avoid adding new high-interest debt. If you leave the old high rate card open and keep charging it, you’ll undermine the benefit of the transfer. 
  5. Monitor the transition. Once the transfer is complete, confirm the old card shows a zero or low balance, and set alerts so you don’t slip back into old habits. 

When should you consider a balance transfer? 

Ask yourself: 

  • Are you paying a high interest rate (15% + APR) on one or more cards? 
  • Are you struggling to make a dent in the principal because most of your payment is interest? 
  • Would consolidating into one card with a lower rate allow you to increase your monthly payment and shorten payoff time? 

If you answered “yes” to any of these, a balance transfer with a lower interest card may be worth moving forward. 

Ready to take the next step? 

If you’re a member of AUCU (or eligible to become one), here’s how to get started: 

  • Visit our credit card page and review the low-interest rate offer (7.9%–19% APR*) and key terms.  
  • Use our online application or speak with a member service representative to request a balance transfer. 
  • Get a payoff statement from the old card(s) (sometimes there’s a transfer fee or payout process, always check). 
  • Once the transfer posts, monitor your account and keep up the momentum. 
  • And if you’d like personalized help building a repayment strategy, remember our partnership with GreenPath Financial Wellness offers free counseling and guidance. 
  • *Annual Percentage Rate. AUCU is an equal opportunity lender.  Credit approval required. 


AUCU is an equal opportunity lender and federally insured by the NCUA. NMLS# 530633