cc check transfer to pay other credit card sam issuer

There is a processing fee that will be charged for the options, and it is based on the amount that is being transferred. There is no limit on the maximum amount as long as the amount being transferred is not more than 75% of your credit cards limit.

HSBC does offer the facility to foreclose on the balance transfer, for which no extra fee may be charged.Įven Kotak Mahindra bank offers balance transfer facilities. Just like SBI the balance transfer facility can be utilised by either calling the bank, sending them an SMS or even by simply sending them an SMS. The interest rates are also charged as per the tenure and a processing fee may also be applicable. The facility offered by HSBC for balance transfers can be taken for tenures that range from 3 months, all the way up to 24 months. The repayment periods can be 2 months or 6 months however, an interest of 1.7% per month is charged only if the tenure is 6 months. The facility for balance transfers of credit cards offered by SBI again follows the same general principle and can be initiated by either logging into the credit card account or sending the bank a specific SMS or even just calling up their customer care facilities. There are many banks that offer credit cards that have balance transfer facilities available on them. List of Credit cards that Offer Balance Transfer One main reason why someone might go in for a balance transfer could be that the other card offers lower interest rates which would mean it would be cheaper to pay it back through the other card. By doing this you actually end up paying for the first card and owe that amount on the other credit card.

To put it in the simplest of terms, balance transfer in credit cards means that you transfer the amount you owe on one card to another card. Before you start thinking of going in for a balance transfer, you need to first know what a credit card balance transfer actually means.

Cc check transfer to pay other credit card sam issuer