If you’re a Texan with serious credit card debt, you’re not the only one.
Too many Texans bleed all kinds of interest money. Credit cards are notorious for stinging customers with high interest rates – sometimes north of 20%.
But imagine if you could just stop making those expensive monthly payments … no more high interest rates, no more stress.
If you live in Texas there is a way out. When you transfer your credit card debt to the TDECU Platinum Mastercard, * You don’t pay any interest for the first year, so you can stop paying with your current credit cards and get out of debt The much faster.
How Texans Could Pay Off Credit Card Debt The Much faster
TDECU (Texas Dow Employees Credit Union) is a Texas-based credit union. And don’t worry about tricky qualifications or membership applications – you can apply online a matter of minutes.
The TDECU Platinum Mastercard is not like the credit card companies – they don’t want to hollow you out with high interest rates.
When you transfer your current credit card debt to the TDECU Platinum Mastercard, you have a full year to make interest-free payments. That way, you will stop paying interest on your credit card debt, which will help you pay off your debt faster and potentially save hundreds of dollars in the long run.
In addition, there are no transfer fees or other hidden fees left. This can actually be pretty good business if you have outstanding credit card debt.
The TDECU Mastercard is not only a solid option for credit transfers, but also an interest-free way to make larger purchases. You pay zero interest on all purchases for six months. If you can pay off the purchase in six months, why not?
After you’ve paid no interest on all purchases for six months and no interest on balance transfers for a year, your new card will start charging you interest. But even then, interest rates start at 7.99% APR ** – almost certainly a better deal than you get on your current credit card.
How to Join 350,000 Other Texans (It Takes Minutes)
The qualifications for the TDECU Platinum Mastercard are pretty straightforward. You must be 18 years old, live in Texas, and have good credit.
You also need to join the credit union, but that’s easy. You apply for membership and the card at the same time. The application process should not take longer than 10 minutes. Almost 350,000 Texans are already TDECU members.
So stop bleeding from credit card interest. There is a smarter way to do this.
Mike Brassfield ([email protected]) works for The Penny Hoarder.
* *The offer is only valid for credit transfer requests received by TDECU within 30 days of opening an account.
** APR = Annual Percentage. Prices, terms and conditions are subject to change. Credit approval required.
This article originally appeared on www.thepennyhoarder.com