DCU: 0% APR For 6 Months & 0% Balance Transfer Fee For New & Existing Cardholders

Update 1/1/2021: Deal available again, sent out via e-mail. Not sure if it’s targeted this year or not.

The Offer

Direct link to offer

  • DCU is offering a 0% APR on balance transfers to new and existing DCU credit cardholders for 6 months. They also charge no balance transfer fees. They also offer no retroactive charge, this means that if the entire balance transfer amount has not been paid by the June due date the remaining balance will start accruing interest as of June.

 

The Fine Print

  • Any purchases made during the promotional period (1/1/20 – 1/31/20) will be subject to your regular APR if the ending statement balance (which includes the balance transfer amount) is not paid in full. The balance transfer itself will remain at 0% APR until repaid in full or at the end of the DCU Visa billing cycle ending in June 2020, whichever occurs first.

Our Verdict

DCU offer this annually in January each year.  For more credit cards with $0 in balance transfers and 0% APR periods click here.

Hat tip to reader HarryTheFirstHarry

  • Update 1/1/2020: Deal is back for 2020, must be paid off by June due date (previously it was July) so worse than previous deals. Hat tip to reader Paul & HarryTheFirstHarry
  • 1/5/19: Deal is back for 2019. Thanks to all the readers who alerted us to this one.

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billy
billy

Can I have a dcu checking referral please?

sg77

You need to give your email address. You can send me an email at sgish77 at gmail dot com

DMitri
DMitri

William Charles I opened this card in response to this posting in order to be eligible if this deal is back in 2022.

I logged in today and was prompted with the offer, so it does work for new sign up in 2021 it seems.

John
John

I can confirm that doing a transfer from my DCU Plat Visa to my DCU savings account accrues interest. Looks like only legit BTs count now.

joe
joe

I called and it is for current credit card holders only.. you should change the title of the thread. I havent seen many BT offers, there are usually a lot this time of year. why is that??

Matt
Matt

I did not receive an email, but I do have a message notification (dated 01/01/2021 2:00:00 PM) waiting for me when I logged into my DCU account account via the mobile app saying “No-fee balance transfers with 0% promotional APR”.

And then inside the offer are the typical DCU terms and details:

*0% APR applies only to non-DCU credit card balances transferred through DCU’s online balance transfer tool completed between 1/1/21 and 1/31/21. Balance Transfers must be paid in full by the end of your July 2021 billing cycle on either July 10th or July 20th, as reflected on your monthly statement, or interest will begin to accrue on the remaining balance at your standard APR. Minimum transfer requirement is $100. 0% APR is not eligible on other types of cash advances or purchases made during the promotional period. Account must remain in good standing throughout promotional period for promotional rate to continue. Offer valid only for cardholders as of 12/31/2020. Offer not valid for DCU Visa Business Platinum or Business Visa Platinum Plus.

**APRs (Annual Percentage Rates) are as of January 1, 2021. Our current Visa Platinum APR ranges from 8.50%-18%, Visa Platinum Rewards APR ranges from 11.25%-18% and Visa Platinum Secured has an APR of 11.5%. Your APR is based on your personal credit history at account opening. APRs are variable, tied to the Prime Rate, and can change monthly after the account is opened. Maximum APR is 18%. Restrictions may apply. For more information, refer to DCU’s Visa Credit Card Agreement and Federal Truth-in-Lending Disclosure Statement. Visit dcu.org/balancetransfer for more information on how to complete a balance transfer.

Matt
Matt

Also, here is the new link (after clicking “Learn More”):

https://www.dcu.org/search-redirects/zero-percent-balance-transfer.html

Matt
Matt

Based on the terms and details language, it seems not to be targeted. You just simply have to have been a cardholder as of yesterday (12/31/2020). So no luck for anybody looking to do the offer in 2021 who doesn’t already have a DCU credit card. But there is always next year (since this has been an annual offer for at least four (five?) years now).

Hemanth
Hemanth

Deal is back. I got the email

Sam
Sam

Hey doc William Charles , the terms say “Balance transfers must be paid in full by the due date reflected on your June 2020 billing statement or interest will begin to accrue on the remaining balance at your APR.”

So i take that to mean your june 2020 bill will show a July 2020 due date, and the full balance transfer must be paid off by july due date in order to avoid any interest charges

vc
vc

The email that I got said that it must be paid by your July statement. Maybe the emails are tailored to each customer. Mine has specific dates. Either way, ppl should double-ck the due date to avoid interest fees.

Jan B
Jan B

What a good customer service to peeps. Defining specifically when you need to pay it off, is fantastic.

However, DCU isn’t even near my in-laws. Is this CU and its service good throughout the US?

vc
vc

Yes, and they also send you at least one reminder via your portal before it’s due…I’m not near them, either.

They take out-of-staters.

I think that most people sign up for their 6.17% interest savings (on the first $1k). There’s a referral thread around here somewhere if you want around $20 (IIRC).

If you do get a cc with them, just remember that they use the balance from the last day of the month when reporting to the bureaus. Learned the hard way.

Matt
Matt

DCU is very clear about when you need to pay it off:

“… by the end of your July 2021 billing cycle on either July 10th or July 20th…”

For me, my billing cycle ends on the 10th every month.

Matt
Matt

The message you are responding to is from 2020. Back in 2020 it was by June. In 2021 it is by July.

vc
vc

Didn’t realize that. LOL

1010
1010

What’s the usual credit limit they give and is this each year?

amz
amz

Typically $10K limit and this promo happens every year, so far.

ne0ven0m
ne0ven0m

How sensitive are they about inquiries or new accounts?

The Man
The Man

They do this every year. Excellent bank!