Eligible Prospera credit cardholders can transfer balances from other financial institutions. A membership with Prospera is required to apply for a credit card and complete a balance transfer.
Pay 0% interest for 12 months on your credit card debt**
Pay down your balance without interest holding you back.
Stuck paying interest? There’s a better way forward.
High interest rates can make it feel like your credit card payments aren’t getting you anywhere. Even when you pay on time every month.
A balance transfer changes the math. By temporarily removing interest, your payments start working for you again, helping you make real progress toward paying down your debt.
Turn payments into progress
Move the amount you owe from other credit cards to your Prospera credit card and pay 0% interest for 12 months** on transferred amount.
That means 100% of each payment goes toward reducing your debt—not interest.
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What this could mean for you:
If you keep making the same monthly payment, you could pay off your balance up to 2x faster and save hundreds of dollars in interest.
How it works
A simple process
Getting started is straightforward:
1. Apply for or log in to your Prospera credit card
2. Request to transfer balances from your other credit card(s)
That's it! Once processed, you’ll pay 0% interest for 12 months** on the amount transferred.
Need support?
View the full how-to guide or book an appointment with one of our local advisors. We’re here to help.
Not a member yet?
Prospera credit cards and offers are exclusively available to members.
Prospera is a British Columbia-based credit union with 24 local branches and an extensive ATM network. We offer a full range of products, including chequing and savings accounts, mortgages, and investment advice — all designed to help you manage your money with confidence.
Becoming a Prospera member gives you access to:
- The 0% interest for 12 months balance transfer offer**
- Personalized support from local advisors
- Additional member perks and incentives like discounts on BC Lions tickets and merch and invites to exclusive members-only events
Not sure which card is right for you? We’ll help you find the best option during your application.
Card options and eligibility
Find the card that fits your needs
Cash Back Visa Infinite*
- Fee: $0 for the first year ($120 value)†
- Interest rate4: 20.99%
- Rewards: Up to 4% cash back1
- Welcome bonus: Earn 10x cash back for the first 90 days††
- Best for: people who love earning big rewards fast2.
Centra Visa* Gold
- Fee: $50
- Interest rate4: 12.99%
- Rewards: 1% cash back1
- Welcome bonus: None
- Best for: people who want low interest and peace of mind
Cash Back Visa*
- Fee: $50
- Interest rate4: 12.99%
- Rewards: 1% cash back1
- Welcome bonus: None
- Best for: people who want low interest and peace of mind
You don't need to feel stuck paying interest forever
This is your chance to simplify, reset, and move forward, with support from a credit union that puts members first.
Frequently asked questions
Who can complete a balance transfer?
Does a balance transfer affect my credit score?
Applying for a new credit card may result in a credit check. Balance transfers themselves do not negatively impact your score, and consolidating balances can help improve credit utilization over time.
Can I transfer balances from multiple cards?
Yes. You can transfer balances from more than one credit card, subject to your approved credit limit.
What happens after the 12 months?
Any remaining transferred balance will move to the card’s regular interest rate. You’ll have full visibility well before the promotional period ends.
How to reach us
Call our Member Service Centre
Contact tech support
Available 24/7
1 888 884 4430
Send a support email
Send us an email
Meet online or in person
*Trademark of Visa Int., used under license. The Collabria Visa Card is issued by Collabria Financial Services Inc. pursuant to a license from Visa.
**Offer terms and conditions apply. Click here to learn more.
†Offer terms and conditions apply. Click here to learn more.
††Offer terms and conditions apply. Click here to learn more.
1 The base value of one reward point is equal to one cent (a penny per point). The cash equivalent shown for illustration purposes only is based upon the redemption of these points as a statement credit. The valuation is for cash equivalent only; the value of redeeming for merchandise and travel may vary.
2 Reward points are earned on net purchases only. Any Cash-like Transactions including Cash Advances, and interest charges, fees, payments, credit or debit adjustments and any amount other than Purchases that may be charged to your Account with your Card or Convenience Cheques, do not qualify for Points. For more information visit collabriacreditcards.ca/rewards
3 The graphic is for illustrative purposes only. The results in the graph are an estimate of how much you can save when you make a balance transfer, not an exact number. Actual interest cost and your potential savings depend on outstanding balances, payment amounts, timing and other factors.
4 The interest rates are in effect from the date the credit card is approved. For more information, please reference your cardholder agreement or visit online www.collabriacreditcards.ca/cardholder-agreement