Balance transfers may not exceed your Visa credit limit. Please make at least your minimum payments on any card for which you are requesting a payment until you receive confirmation from the card issuer that the balance payment has been received. We are not responsible for any remaining balance on that account, or for any finance or other charges you incur due to delays in transferring a balance. Balance payments are treated as a cash advance and do not qualify for a grace period. We cannot close accounts for you, please contact the card issuers if you would like your accounts closed. You may lose some or all of your rights against the other creditor if you transfer an amount for a transaction you dispute.

The 3.5% APR* on Balance Transfers using the specific form is a "Promotional" rate that will be in effect from March 1, 2021 until June 30, 2022. "Promotional" rate valid on balance transfers made through December 31, 2021. After the expiration date of June 30, 2022 of your "Promotional" rate the remaining unpaid portion of the original balance transfer request will be subject to your normal APR* as outlined on your monthly statement based on the specific Penn State Federal credit card selected. All payments received on your account will be applied first to interest, then to fees, then highest rate principal balance. This offer may be withdrawn at any time. Balance transfer "Promotional" rate does not include business credit cards. Other restrictions or conditions may apply. You may NOT pay off your current Penn State Federal loans or lines of credit by using this balance transfer option. Balance transfers are not eligible for cash rewards program. For current rates, fees and other cost information please reference pennstatefederal.com or contact Penn State Federal at (814) 863-0549 or (800) 828-4636.

*APR = Annual Percentage Rate