The sun is shining, friends and family are barbequing, but you’re still swimming in debt. Don’t worry, you’re not alone. In fact, the national average of debt per U.S. household with a credit card is $8,284. Now that we’re more than half-way through the year, it’s time to rip off the floaties and really take a deep dive into your debt.

Do the Math

First, collect all your credit card balances, personal loan balances, and student loan balances, plus the interest rate on each of those lines of credit. You’ll need to do some math to calculate exactly what you’re expected to pay in the end. Many institutions have high-interest rates, on average ranging from 14.14%-19.24% APR. Some interest rates can even be as high as 25.00% APR. So, let’s say you have a balance of $9,000 and an interest rate of 17.80% APR, the current national average. With a monthly payment of $270 for 12 months, you’re looking at paying $1,573.56 in interest alone – this does not include additional fees such as annual or balance transfer fees that often come with financing at other institutions. Mind-blowing, right?

Consolidate

It’s time to get strategic with saving. One way is with debt consolidation through a balance transfer. Meaning, you combine all your overall consumer debt into one credit card. Rather than having four or five lines of credit, due dates and payment amounts, you can reduce your stress every month knowing you only have to worry about making a payment once each month. Plus, when you consolidate your debt with a balance transfer, you’re looking for a lower rate that will result in you paying less interest in the end.

How can we help?

We’re celebrating Christmas in July and we’ve got a gift for you! This weekly only, get a 3.65% APR* for 365 days when you transfer your debt to our low-rate Visa® Gold card during July 22-27, 2019. Not only could this help you melt away your debt faster, but also you could save more in overall interest and fees. With our Visa Gold card, there are no annual fees or balance transfer fees. How great is that? To learn more about our Christmas in July exclusive offer, click here.

Contact us or apply online today to get started on saving this summer with a balance transfer to our Visa Gold.

Check out this chart below that displays the amount of interest you’ll pay at sample interest rates for 12 months compared to the amount you’d pay with us:

*APR = Annual Percentage Rate. 3.65% APR applies to external balance transfers only. Rate valid for 365 days from day loan is finalized. After the promotional term, your rate will return to the then current rate as determined in your Credit Line Account Agreement and Disclosure. To receive the promotional balance transfer rate, the transfer must be completed during the promotional period: July 22 – 27, 2019. After the promotional 365 days term, the rate for balance transfers will revert to the current rate as determined in your Credit Line Account Agreement and Disclosure. Purchases, cash advances and internal balance transfers do not qualify for the promotional rate. The non-promotional rate for purchases, internal balance transfers, and cash advances is 10.50% APR and may vary as disclosed in your Credit Line Account Agreement and Disclosure. Non-promotional rate valid July 1, 2019 and subject to change without notice. Annual Percentage Rate and term determined by members’ creditworthiness. Subject to approval. Some restrictions may apply.