Balance Transfer Terms & Conditions

1. Balance Transfers are Processed as Cash Advances
   By initiating a balance transfer, you authorize NAFT Federal Credit Union to transfer the designated amount to the payee account you specify. Balance transfers are processed as cash advances under your Credit Card Agreement.
2. Interest Charges
   Interest begins accruing on the transaction date — no grace period applies.
   Balance transfers are subject to the following cash advance APR:

   Visa Platinum/Platinum Mastercard: 8.90%

   Visa Gold/Gold MasterCard: 10.90%

   Visa Classic/Classic MasterCard: 14.00%

   Secured Standard Mastercard: 10.90%

3. Fees
   No balance transfer fee will be charged per transaction.
4. Limits
   Balance transfers are limited to your available credit limit; However, individual transfers are capped at $2,000.00. If you wish to transfer an amount exceeding this limit, please contact NAFT FCU at 956-787-2774 for assistance.
5. No Transfers Between NAFT FCU Accounts
   You may not transfer balances from other NAFT Federal Credit Union accounts, including credit cards or loans.
6. Payment Allocation
   Payments in excess of the required minimum payment shall be allocated to balances with the highest APR, such as cash advances, first.
7. Processing Time
   Balance transfers may take up to 10 business days if a payoff check needs to be mailed. You are responsible for payments to the original creditor until the transfer is complete. Continue to make payments on your other accounts until the balance transfer is confirmed as complete.
8. Reversals or Cancellations
   Balance transfers may not be canceled after submission. NAFT Federal Credit Union is not responsible for delays or errors caused by incorrect information.