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A balance transfer credit card is one of the most powerful financial tools in your debt-bursting arsenal. By availing of the benefit of the 0% APR on a credit card, you can save more on your payments go towards reducing the principal balance rather than paying interest charges incurred from carrying a balance.
Before opting for a balance transfer credit card, always do your due diligence and choose the balance transfer credit card which will help you to save the most money in the form of interest payments.
Here are the top banks that are offering the best credit card balance transfer
SBI credit card balance transfer
The Credit Card balance transfer facility offered by SBI is based on a general principle, it allows you to transfer your outstanding on your credit card to an SBI card at a low-interest rate. SBI on credit card balance transfer also gives the option of converting the bill into easy EMIs.
Interest rate: If you do not want to pay interest on your bills, opt for 2 months as a repayment tenure. In case you are choosing the option of 6 months, interest would be applicable 1.7% per month.
Processing fees: There will be zero processing fee for choosing the option of 6 months tenure, and a fee of 2% or Rs 199 is applicable for 2 months.
You can apply for the balance transfer online at the official website of the bank, SMS option, mobile app, or by calling up the customer care executive.
ICICI Bank Credit Card balance transfer
For availing of the ICICI Credit Card balance transfer, you are required to pay a minimum outstanding of Rs 15000 on the other card to become eligible for a balance transfer with ICICI bank. The customer should be having a good track record concerning credit card spends and transactions with ICICI Bank.
HDFC Bank Credit Card Balance Transfer
The HDFC Credit Card Balance Transfer is determined based on the credit card usage of the cardholder. If you want to check your eligibility with HDFC Bank, you can call their customer care executive and get to know the same.
Here are the main attractive features of HDFC Bank Credit Card Balance Transfer
Standard Chartered Bank Transfer Credit Cards
Standard Chartered offers an easy process to make your outstanding amount payment via balance transfers from another bank credit card to your Standard Chartered credit card.
Here are the main features credit card balance offer of SCB
Kotak Mahindra Balance Transfer Credit Cards
Kotak Mahindra Bank is also one best option if you are looking for a good bank that is offering a credit card balance transfer facility.
Features of Kotak Mahindra Credit Card Balance Transfer
If you are stuck in a considerable credit card debt and facing difficulties repaying the high-interest EMIs, apply for a credit card balance transfer by shifting your outstanding credit card balance to a lender that is offering a lesser interest rate.
Apply for a Credit Card balance with IndiaLends. We have made collaboration with the top banks that offers some of the unique and best credit card balance transfer facility with unlimited offerings and cashbacks.