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graphic A young woman sitting on a couch while looking at a tablet and holding the EdFed credit card.

Consolidate Your Credit Card Debt with EdFed

For a limited-time transfer your higher rate balances to EdFed at a special balance transfer rate as low as 2.99% APR

With an EdFed Rewards Visa Credit Card you can say goodbye to your higher-rate balances and hello to savings.

For a limited time, transfer your higher rate balances to your EdFed Rewards Visa Credit Card at a special balance transfer rate as low as 2.99% APR for up to 6 months.1 Balance transfer APRs range from 2.99% to 13.75%, depending on the card's standard APR, which range from 11.25% to 18.00%. Transferred balances will accrue interest at the Balance Transfer APR for 183 days from the card opening date or 09/01/2022, whichever is later, after which the APR will convert to the card's standard APR. With no balance transfer fees and an everyday great low rate, consolidating your credit card balances with EdFed is the smarter choice.

Transferring your higher rate balances to your EdFed Rewards Visa Credit Card is as easy a 1, 2, 3!

  1. Log in to EdFed 24/SEVEN and transfer funds from your EdFed Rewards Visa Credit Card to your EdFed Checking or Savings Account
  2. Write a check, make a withdrawal, or set up an automatic payment to pay off your higher rate balances
  3. Start enjoying lower rates and savings back in your pocket with EdFed's everyday great low rate and outstanding card benefits

Don't have the EdFed Rewards Visa Credit Card? Applying is quick and simple. Apply online, by phone with our Lending Center at 305-273-5626, or at your nearest branch. Plus, when you open a new EdFed Rewards Visa Credit Card, you can earn up to 30,000 Bonus Points2 after making your first $2,000 in purchases! Be rewarded every time you spend. Get started and apply today!

1APR = Annual Percentage Rate. All loans are subject to approval and are granted based on individual credit worthiness, ability to repay and credit score. Quoted rate is based on a credit card with a standard APR of 11.25%. The standard APR will vary with the market based on the Prime Rate. To receive the discounted rate on transferred balances, new credit card applications must be received by 10/31/2022 and the transfer(s) on new and existing EdFed Visa® credit cards must take place between 09/01/2022 and 11/19/2022.

2Offer begins May 1, 2022. To receive the 30,000 Bonus Points you must make $2,000 in purchases within 90 days of card issuance. Returns, cash advances, and balance transfers do not count toward the required $2,000 purchase total. 30,000 bonus points are valued at $240 and are redeemable for cash, gift cards, merchandise or travel. In order to redeem bonus points, you must enroll in the EdFed Rewards program at www.edfedrewards.org. Unredeemed points expire three years from the month of issuance.