Dubbed the “Big Ticket Card,” the new Visa branded card offers members six months of zero interest on all purchases of $600 or more. And the card does not limit the number of times a user can take advantage of the six-month interest-free financing.
“The Big Ticket Card is a great option for members who need to make a big purchase,” said Willard Ross, Coastal’s 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.”
Coastal’s Marketing Manager Joe Mecca explained that the card, which carries a credit limit, is aimed at members who purchased new homes, put a child into college or otherwise faced a series of larger purchases or needs at varying times.
“We wanted to help members make purchase decisions based on price and not on whether a given retailer will provide financing or not,” Mecca explained. “We want to make sure our members walked into a retailer knowing they had the best deal on financing their purchase in their back pockets already.”
The 193,000- member $2.1 billion Coastal FCU is based in Raleigh, N.C.