Unlock Substantial Savings with a Balance Transfer

Rising loan rates, housing affordability and global inflation have strained many pocketbooks in recent years. It’s easy to feel powerless when these forces are at play, but you can regain control of your personal finances with this often-overlooked strategy—balance transfers. They are easier to do than you might realize and are a great way to save some money when you’re in a pinch.

Follow these simple steps to transfer a balance:

1. Open a low-rate credit card

Applying for a Mountain America credit card is easy when you use the app or online banking. Our rates are also extremely competitive.¹

2. Check for balance transfer fees

Most credit card companies charge 3% to 5% of the transferred amount. At Mountain America, you’ll pay ZERO balance transfer fees.

3. Look for bonuses

Remember how we said Mountain America has no transfer fees? It gets better—we’ll pay you a 3% bonus when you transfer your balance to one of our credit cards by February 28, 2025.²

4. Consider which balances to transfer

Depending on your approved credit limit, you may not be able to transfer everything to Mountain America. Start with cards that have the highest rates—department store cards are notorious for their hefty APRs.¹

5. Transfer the funds

Use online banking or our app to quickly move funds— watch this video to see how it’s done. You may also call our service center or visit a branch.

6. Develop a payment plan

Making the minimum monthly payment is nice, but it's better when you can pitch in extra. Not only will you pay off the balance sooner, but you’ll also save a lot of money on interest charges.

7. Reap the rewards!

Take advantage of your savings to get out of debt quicker, or use the extra cash for something fun—as if there is anything more fun than living debt-free.

1. Loans on approved credit. Annual percentage rate.
2. Maximum bonus for the calendar year is 3% of the credit limit on your Mountain America credit card up to $500. Not available on balances transferred from an existing Mountain America loan. Balance transfers will accrue interest from the date the transaction is processed. Cash bonus is considered interest and will be reported on IRS form 1099-INT. Business accounts not eligible. Limited-time offer. Any offer provided by Mountain America can be withdrawn at any time and is subject to change. Offer ends 2/28/25.