CREDIT CARDS

BALANCE TRANSFER OPTIONS FOR MANAGING CREDIT CARDs

Banks provide balance transfer options with varying fees and repayment terms for existing cardholders.

Here are some balance transfer options for managing credit card

SBI Credit Cards

SBI offers two balance transfer plans—one with a 2% processing fee and 60-day interest-free period, and another with a 1.7% monthly interest for 6 months.

RBL Bank

RBL provides a 3-month repayment option with a 2.99% processing fee (minimum <span class='webrupee'>₹</span>750), applicable on all their credit cards.

Kotak Mahindra Bank 

Kotak allows balance transfers up to 75% of the credit limit with a charge of <span class='webrupee'>₹</span>349 per <span class='webrupee'>₹</span>10,000 transferred, without interest.

ICICI Bank

ICICI offers balance transfers ranging from <span class='webrupee'>₹</span>15,000 to <span class='webrupee'>₹</span>3 lakhs, with charges shared during application.