What is a credit card balance transfer?

Question

Accepted Answer

Credit card balance transfer is the process of transferring owed balance from one credit card account to another. Upon carrying out this process, the debt is owed to the new card issuer as opposed to the original card issuer.

Items	Value (In INR)
Monthly Spends	70,000
Joining Fee	0
Annual Fee	2,500+GST
Value Builders
PP + 4 visits	15,525
Bonus Reward Points (25600 in a year)	6,400
Reward Points	7,350
Milestone	7,500
Value delivered per annum	36,775

Items	Value (In INR)
Monthly Spends	70,000
Joining Fee	0
Annual Fee	0
Value Builders
PP membership (First year only)	7,425
Reward Points	7,350
Milestone	7,500
Value delivered per annum	22,270

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What is a credit card balance transfer?

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Frequently Asked Questions

What is a credit card balance transfer?