RALEIGH, N.C. – Coastal Federal Credit Union has introduced a Visa product it has dubbed the “Big Ticket Card” that offers six months interest-free financing on all individual purchases or balance transfers of $600 or more.
Coastal said one unique feature of the Big Ticket Card is it holds no limit to the number of times a user can take advantage of the six months interest-free financing. Purchases do not accumulate any interest during the six month interest-free period, and the card assesses interest charges only on the remaining unpaid balance after the six-month period ends.
“The Big Ticket Card is a great option for members who need to make a big purchase,” said Willard Ross, Coastal’s SVP/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. 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.”