You can request a balance transfer online or over the phone. Once the balance transfer is complete, you'll pay down the balance on the new card.Are credit card balance transfers worth it? See how much you could save on credit card debt with this calculator from UVA Community Credit Union. Find out how to do a balance transfer in five easy steps and save money on highinterest credit card debt with a 0 percent introductory APR. When you pay off your vehicle loan, be sure that the lien release is noted on DMV's records and obtain an updated copy of your title. Balance transfer checks can help pay off higherinterest debt, but verify the terms before using them. Here's what else to consider. Save money when you transfer your balances from high-rate credit cards and loans to a new or existing SCCU Visa Credit Card with benefits. Guaranteed Asset Protection, or GAP, covers the deficiency balance on your loan in the event of a total loss.