Balance Transfer & Debit Consolidation Promotions
Let Embold help simplify your debt.
At Embold, we have multiple ways to help you save money and pay down debt faster. This is the perfect opportunity for you to consolidate your existing credit card or loan debt into one manageable payment.
Balance Transfer
Transfer your high-interest loan balances and enjoy a 1.99% APR* for a limited time. It’s a great way to save on interest and pay down your debt faster. You could save hundreds of dollars a year by transferring your existing balances to Embold with no balance transfer fees!
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Consolidation Loan
Consolidate debt into one easy payment with a 6% discount on our current rates for balances up to $5,000 (minimum of 50% new money required).**
Both of these options are available from January 2 to January 31, 2025.
We want to help you achieve your financial goals in 2025, and together, we can make this your most successful year yet!
Balance transfers involve moving balances from other high-interest credit cards to another credit card, usually for a lower interest rate. It’s an effective strategy to pay off credit card debt faster!
A balance transfer is ideal for anyone with existing, high-interest credit card balances and looking for a lower interest option. They’re most effective if you plan to pay off the transferred balance within the promotional period. It’s also a good idea to make sure you’re aware of what the interest rate will be after the end of the promotional period.
No, we do not charge a fee for balance transfers.
Balance transfers and consolidation loans are similar in that they both simplify debt management by combining multiple debts into a single payment. They can help reduce the amount of interest you pay and improve cash flow by freeing up funds for other expenses. However, they differ in their structure and the types of debt they address.
Balance transfers are typically used for credit card debt, allowing you to move balances from one or more credit cards to a new card with a lower interest rate, often featuring lower promotional APRs for a limited time.
On the other hand, consolidation loans are personal loans that provide a lump sum, which you use to pay off existing debts, including credit cards, medical bills, or other unsecured loans.
Repayment terms also differ—balance transfers are tied to a revolving credit account and require you to pay off the balance before the promotional period ends to avoid higher interest rates, while consolidation loans have fixed repayment terms with predictable monthly payments over a set period, such as three to five years.
How much will you save?
Disclosures
*APR = Annual Percentage Rate. Promotional offer is valid from January 2, 2025, through January 31, 2025, and is specific to Balance Transfer Transactions Only. Promotion applies to new money only, existing balances with Embold may not be transferred at promotional rate. Promotional Interest Rate of 1.99% APR for Balance Transfer Transactions expires December 31st, 2025. Your current contracted Platinum Visa or Rewards Visa interest rate will apply thereafter. If the transfer information you provide is incomplete, Embold Credit Union will not be able to process the transfer request. Transfers will only be sent to recognized creditors or financial institutions and will not be sent to your home or billing address. Please continue to make your minimum required payment until the requested transfer payment appears on your account’s billing statement. Embold Credit Union is not responsible for any remaining balance on that account, or for any finance charges you may incur due to delays in transferring a balance. If you transfer an amount for a transaction you dispute, you may lose some or all of your rights with the other creditor. While Embold Credit Union can pay your accounts directly, we cannot close them for you. You must contact the creditor yourself if you wish to close any of the transfer accounts. Account balance transfers are contingent upon account setup and assigned credit limit. In some cases, Embold Credit Union may not be able to process a balance transfer request.
**Consolidation loan promotion requires at least 50% new money. Promotional offer is valid from January 2, 2025, through January 31, 2025, and is specific to Consolidation Loan Transactions Only. Other terms and conditions may apply.
***Savings examples are based on minimum monthly payments applied on 27th monthly (based on 3% of previous month outstanding statement balance). No additional money added to the balance.