Collabria Balance Transfer Promo Terms and Conditions

  1. Explore our full range of card options that are also eligible for this offer by visiting your nearest branch. Eligible cards include new or existing Classic, Centra Gold, Student, Cash Back, Travel Rewards Gold, FlexRate and Infinite/World cards. The US Dollar card and business cards are not eligible for this offer. This offer is available for new and existing cards. ‘New’ cards are defined as cards that have been applied for between February 1 - April 30, 2020. ‘Existing’ cards are defined as cards that were applied for and approved prior to February 1, 2020. Applications submitted before February 1, 2020 and approved after this date are considered ‘new’ cards.
  2. PROMOTIONAL SAVINGS CALCULATION: Comparison is based on interest accumulated over a 12-month period on a $2,500 Balance Transfer at the promotional rate of 3.9% for 6 months and 11.9% thereafter. Assumes, minimum payment based on cardholder agreement of Collabria (highest amount between 2% of balance based on previous statement or $40). No additional purchases. 3 months=90 days period, 6 months=180 days, 1 year =365 days. Payment is due 25 days after statement date. 30 days billing cycle. 25 days between statement date and payment due. First payment made on day 55 (25 days after first statement). No transfer fee.
  3. ANNUAL FEE: the annual fee for the Collabria Classic card is $30.
  4. BALANCE TRANSFER PROCESS: Balance transfers can be requested after the cardholder receives and activates their card. They can initiate a balance transfer via MyCardInfo (online banking), in their branch or by contacting Cardholder Services. The cardholder requires the destination biller / payee name as well as the account / card# associated with the account. The minimum transfer amount without promotional offers is $100.
  5. BALANCE TRANSFER PROMOTIONAL OFFER: The promotional 3.90% annual interest rate for balance transfers is valid for 6 months from the date of each balance transfer. Cardholders must enter the promo code 0002 in the Promo Code field on the balance transfer screen in MyCardInfo, in order to qualify for the promotion. When a cardholder requests a balance transfer by visiting their branch or by calling Cardholder Services, they must provide the promo code 0002 to the staff. After 6 months, the annual interest rate will revert to the annual interest rate for regular purchases. The introductory balance transfer rate must be used within the first 90 days of account opening during the promotional period. This offer may be withdrawn or end at any time without prior notice. Account credits on a credit card account cannot be transferred as a balance transfer to a Collabria credit card. This promotional offer does not apply to transfers between Collabria accounts. Please continue to make your regular payments on transferred accounts until you receive confirmation that the transfer has been completed. In order to receive the promotional 3.90% annual interest rate for balance transfers, a minimum transfer amount of $500 is required and you can transfer as many balances as your credit card limit allows within 90 days of account opening, as long as each transfer is $500 or more. Review all Terms and Conditions for complete details. *To identify a Collabria-issued credit card, please check the credit card back; the issuer (Collabria) is always stated on the back bottom left corner. If the credit card issuer is listed as Collabria, this card is not eligible for a balance transfer to another Collabria-issued credit card.
  6. ZERO LIABILITY: Zero Liability applies to your purchases made with your credit card in the store, over the telephone, online or via a mobile device. As a cardholder, you will not be held responsible for unauthorized transactions if:
    1. you have used reasonable care in protecting your card from loss or theft; and
    2. you have reported to Cardholder Service at 1.855.341.4643 (Canada and U.S.) or 1.647.252.9564 (International Collect) when you knew that your credit card was lost or stolen. If you believe there has been unauthorized use on your account and you meet the conditions above, you are protected by Zero Liability. If you do not meet the conditions above, please refer to your Cardholder Agreement for additional information regarding liability.
  7. MOBILE DEVICE INSURANCE: Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries and affiliates carry on business in Canada under the name of Assurant Solutions®. Assurant Solutions is a registered trademark of Assurant, Inc. Details of insurance coverage, including definitions, benefits, limitations and exclusions, are in the Certificate of Insurance. The Certificate of Insurance is available online at Insurance coverage is subject to change.

Collabria is an independent entity from your credit union with no ownership interest in the other. If you choose to obtain Collabria credit card services through a referral from your credit union, it will receive compensation from Collabria.

®The Collabria Mastercard is issued by Collabria Financial Services Inc. pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

The Collabria Visa Card is issued by Collabria Financial Services Inc. pursuant to a license from Visa. *Trademark of Visa Int., used under license.


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