Using credit to get out of debt

That headline sounds counterintuitive, but it can actually be a good strategy for anyone who is serious about paying off unwanted debt. But a word to the wise, don’t do it if you don’t intend to pay off your debt. This strategy is meant to get you out of debt, not deeper into it.

The idea is simple, look for a card with a low interest rate. Once you have one, you can transfer your higher interest rate credit card balances to a single card with a lower Annual Percentage Rate and save money on monthly finance charges as you pay down your debt.

Our Visa® Platinum credit cards offer very competitive rates and have the features you need to make smart buying decisions, provide security in emergency situations and make purchases worldwide. You can view your credit card account through Online Banking. And, if you get into a pinch, your Travis Credit Union Visa card works overtime on overdraft protection with your Travis checking account. Apply online at www.traviscu.org/credit-cards, visit a branch or call us at (800) 877-8328.

Platinum Visa