When you have outstanding balances on a credit card and are not able to pay it in full, you may opt for balance transfer facility on other bank’s credit card. Through balance transfer, banks/NBFCs allow you to transfer outstanding balances from other bank’s credit cards and save on the finance charges and other penalties. They may also offer 0% interest rates for a limited period or other deals on credit card balance transfer. Here is all you need to know about this feature.
Key Highlights of Credit Card Balance Transfer
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