United States Senate Federal Credit Union offers balance transfers and cash advances with no fees

United States Senate Federal Credit Union (USSFCU) offers balance transfers and cash advances with no fees. USSFCU confirmed that the $0 in fees for these services are not part of promotional offers. United States Senate Federal Credit Union members never pay fees for balance transfers or cash advances.

This is great news because cash advance and balance transfer fees can be costly and eat away any potential savings from taking out the advance or transfer.

Another perk is that as a USSFCU credit cardholder, your rate for purchases, cash advances, and balance transfers are the same. So, you won’t pay an increased interest rate for taking out a balance transfer or cash advance.

Some credit card companies have a minimum finance or interest charge, commonly $1. This fee is applied when your actual accrued interest is less than the company’s minimum finance charge. This is more than a nuisance than a financial burden. But, luckily, USSFCU doesn’t charge a minimum interest fee.

To become a member of United States Senate Federal Credit Union, visit https://www.ussfcu.org/apply-online/apply-for-membership.html. USSFCU also has a $518 in new member bonuses available through February 28, 2023.