RALEIGH, N.C. (8/24/12)--Coastal FCU in Raleigh, N.C., announced the rollout of a new Big Ticket Card--a Visa credit card that has six months' interest-free financing on all individual purchases or balance transfers of $600 or more.
An exclusive feature of the Big Ticket Card is that it holds no limit to the number of times a user can take advantage of the six months interest-free financing, said the $2.01 billion asset credit union.
Also, the card does not accumulate interest during the six-month interest-free period. Unlike most store credit cards, the Big Ticket Card assesses interest charges only on the remaining unpaid balance after the six-month period ends, Coastal FCU said.
"The Big Ticket Card is a great option for members who need to make a big purchase," said Willard Ross, Coastal's senior vice president/chief retail officer.
"Members now have the ability to purchase a new flat-screen TV or a new washing machine at any retailer that accepts Visa, with the option to pay it all off over the six-month interest-free period," he added. "This unique feature opens up the opportunity for our membership to shop with peace of mind by shopping for the best price without being tied to in-store financing."