Standard Chartered Bank Credit Card Balance Transfer

The benefits of Standard Chartered Bank credit card balance transfer are:

• Standard Chartered Bank gives monetary relief to user by charging an interest rate of just 0.99% for the first six months
• Transfer balance up to Rs. 5 lakh
• Customer have to pay a minimum of 5 % of the total amount every month
• The draft will be delivered to customer in just 7 days

Suggested Read: Credit Card Balance Transfer in India

It is important to be eligible for this facility with respect to the bank’s terms and policies. Individuals having a good track record with the bank with respect to their credit card spend, transaction patterns, and a clean history of repayment are usually eligible to avail credit card balance transfer.

• To transfer balance, call Standard Chartered bank customer care number or SMS BT to +919223010121. An executive from the bank will get back to you on your registered mobile number and help you with the transfer process
• Apply for the Balance Transfer online and provide the required information and click on proceed

• No separate EMIs or post-dated cheques are required
• No documentation is required
• After six months, the normal credit card interest rate will be applicable
• A transaction commission will be charged by the new credit card issuer, ranging from one to five percent of the debt that’s to be transferred. It would be advisable to keep in mind the processing cost/ fee while applying for a balance transfer

How can I apply for Standard Chartered Bank’s balance transfer?
If you want to apply for SC bank’s balance transfer credit card, you can choose from the two given options as per your convenience:

• Visit your local Standard Chartered branch and apply for the balance transfer
• Applicant can fill up the application form, and submit it
• Customer can send the following SMS: BT NOW to +91 9223010121

What are the eligibility criteria to avail Balance Transfer service?
If you want to avail the balance transfer facility you should have the desired track record of repaying the bank’s credit card dues, usage of the credit card, and its transactions patterns to qualify. Credit card debt up to Rs. 5.00 lakh will be accepted. Moreover, there can be other parameters determined by the bank from time to time.

How long does it take to transfer credit card balance to Standard Chartered Bank credit card?
This process could take about three working days if all the eligibility criteria are met.

Why should I go for credit card balance transfer?
There are three main incentives on credit card balance transfer which are as follows

1. Low interest rate (0.99% for first 6 months)
2. No documentation
3. Door delivery of draft within 7 days

What is credit card balance transfer and why is it required?
Credit card balance transfer is shifting of credit card debts from one issuer to another. Individuals who have considerable debt on their respective credit cards can avail balance transfer facility and repay their debts off faster at a lower interest rate.