Dallas Banking Rates

New Cardholders Can Get 3.9% APR From RBFCU on Balance Transfers

rbfcu credit cardsDallas residents are faced with some of the highest debt in the nation. High debt often comes with high interest rates that can make paying down debt even harder, especially when carrying a balance on a credit card each month.

The Dallas Morning News reported that the average debt per consumer in Dallas is $28,240, the highest average among the 20 major metropolitan areas in the United States. In fact, Dallas residents’ debt has only increased since the last report in 2010 by Experian, one of the major credit bureaus.

To reduce debt faster, community-driven financial institution Randolph-Brooks Federal Credit Union (RBFCU) in Dallas offers free balance transfers and low rates for new cardholders.

Pay Down Debt Faster with Low Balance Transfers

Regardless of whether you’re tired of trying to pay off high interest, need spending power for purchases, or want rewards from your credit card, both of the RBFCU MasterCard® credit cards give members flexibility to spend smarter.

As a new cardholder, you can receive a 3.9% APR low introductory rate on all balance transfers and cash advances for the first 180 days the account is open. Balance transfers are free, so members can pay down debt faster by moving over balances from high-interest credit cards.

Introductory rate balances stay at 3.9% APR for 12 full billing cycles, and thereafter, any remaining balance will be charged a regular APR, based on creditworthiness and other factors.

RBFCU’s Credit Cards Provide Flexibility to Spend

Rates stay low even after the introductory APR expires, leaving cardholders with a great card to use for everyday expenses to gain reward points and make other purchases. RBFCU offers the following credit card options:

  • Platinum Premier Rate MasterCard: rates as low as 7.7% APR
  • Platinum CashBack Rewards MasterCard: rates as low as 9.9% APR

To further help members save money, the RBFCU Platinum Class MasterCard credit cards does not require an annual fee. The cards come with plenty of other features, such as the following:

  • 25-day grace period on purchases
  • $0 fraud liability/24-7 fraud monitoring
  • $1 million in travel accident insurance
  • MasterRental Insurance
  • International acceptance

RBFCU Members Save Money in the Long Term

No budget can be fully prepared for every unexpected expense, so having a credit card with a low interest rate can offer Dallas-area residents security and financial freedom from interest piling up.

Since 1952, the community-focused cooperative, RBFCU, has expanded to more than 45 locations across South Central Texas, including in Dallas. With RBFCU’s low introductory rate and other beneficial card features, cardholders are now able to use their free balance transfers to break free from high-interest balances while earning rewards for purchases they are making every day.

Randolph-Brooks Federal Credit Union is a GOBankingRates client.