Eligibility & Applying · हिन्दी

Balance transfer

A balance transfer lets you move an outstanding balance from one credit card to another, usually to take advantage of a lower promotional interest rate for a limited period (commonly 3-12 months). It is typically used to reduce the interest burden on a large balance you're struggling to pay off quickly, though most issuers charge a one-time processing fee (often 1-3% of the transferred amount) on top. Once the promotional period ends, any remaining balance usually reverts to the card's standard interest rate, so it works best as a short-term repayment strategy rather than a long-term solution.

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