If you’re a Texan with serious credit card debt, you’re not the only one.
Too many Texans are hemorrhaging all kinds of money on interest. Credit cards are notorious for gouging customers with high-interest rates — north of 20% sometimes.
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’s a way out. When you transfer your credit card debt to the TDECU Platinum Mastercard
,* you’ll pay no interest for the first year, allowing you to stop making payments on your current credit cards and get out of debt that
How Texans Could Pay Down Credit Card Debt That Much Faster
TDECU (Texas Dow Employees Credit Union) is a Texas-based credit union. And no worries about tricky qualifications or membership applications — you can apply online
in a matter of minutes.
The TDECU Platinum Mastercard isn’t like the credit card companies — it doesn’t want to gouge you with high-interest rates.
In fact, when you transfer your current credit card debt over to the TDECU Platinum Mastercard, it gives you a full year to make payments with zero interest. Just like that, you stop paying interest on your credit card debt, allowing you to pay down your debt faster and potentially save hundreds of dollars in the long run.
Additionally, it doesn’t stick you with any balance-transfer fees or other hidden fees. This can actually be a pretty good deal if you have outstanding credit card debt.
Besides being a solid option for balance transfers, the TDECU Mastercard is an interest-free way to make major 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 pay zero interest on all purchases for six months and zero interest on balance transfers for a year, your new card will start charging you interest. But even then, the interest rates start as low as 7.99% APR** — almost certainly a better deal than you’re getting from 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 have to be 18, live in Texas, and have a good credit score.
You’ll 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 shouldn’t take more than 10 minutes. Nearly 350,000 Texans are already TDECU members.
So stop letting credit card interest bleed you dry. There’s a smarter way to do this.
Mike Brassfield (email@example.com) is a staff writer at The Penny Hoarder.
*Offer only applied to balance transfer requests received by TDECU within 30 days of account opening.
**APR = Annual Percentage Rate. Rates, terms, and conditions subject to change. Credit approval required.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies, and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.