Balance Transfers
If you have accumulated substantial debt on a credit card with a high interest rate, a balance transfer may help you save money and bring you one step closer to paying off your obligations. A balance transfer occurs when you pay off the balance on your existing credit card or loan by transferring it to another credit card account, perhaps with a lower interest rate. That way, you can potentially save money on interest as you pay back the original amount you owe.
Another benefit of a balance transfer is it simplifies your payments. Rather than juggling multiple maxed-out credit cards and their payment due dates, minimum payments, and late fees, transferring your balances to one card means that you only have one monthly payment to track. You can also transfer other types of debts to your low-interest credit card, such as furniture and appliance loans.
How to Do a Balance Transfer
At VyStar, you can complete a balance transfer by visiting any branch location or calling our Contact Center at 904-777-6000 or 800-445-6289, option 9. You can also complete balance transfers by following these simple steps on your laptop or mobile device:
Log in to Online Banking (if using a desktop or laptop) or log in to the VyStar Mobile Banking App (if using a mobile device).
Once you are logged in, click on your credit card.
Select 'Balance Transfer'
Follow instructions to complete your balance transfer.
(Note: If you do not have a VyStar credit card, you will first have to apply for one before following the instructions above.)
To find out if a balance transfer is the right financial solution for you, stop by any VyStar branch for a financial assessment or get the help of an experienced VyStar representative by calling our Contact Center at 904-777-6000 or 800-445-6289, option 9.