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Balance Transfer facility on SBI Credit Card enables cardholders to transfer their outstanding credit balances from any other credit card issued by a different bank to their SBI Credit Card at lower rates of interest.
You can book Balance Transfer through below options, as per your convenience:
Website:
Mobile App:
Helpline:
Ask ILA:
SMS:
Balance Transfer has 2 tenure plans - 60 days & 180 days.
To know more about Balance Transfer, please visithttps://www.sbicard.com/en/personal/benefits/lower-interest-option/balance-transfer.page
No, you cannot book Balance Transfer for another SBI Credit Card that you hold.
You can avail Balance Transfer for all credit cards, issued by different banks in India.
You can bookBalance Transferfor a minimum amount of ₹5,000 to a maximum of 75% of your available Credit Limit assigned to the concerned primary SBI Credit Card Account. Your maximum limit available for Balance Transfer will be communicated to you at the time of booking.
Balance Transfer amount will be transferred directly to your other bank credit card account via NEFT within 3-4 working days (excluding bank holidays)
No, Balance Transfer can only be booked on a primary card.
No, Balance Transfer facility can only be availed for cards that the primary cardholder owns in his / her name.
If you have availed Balance Transfer for maximum eligible amount, then you cannot book the service again till you have paid the Balance Transfer booked on your SBI Card in full or parts or if your existing Credit Limit gets extended.
If you repay the Balance Transfer booked in parts, you can book another Balance Transfer for this amount (please refer to theOrder of Payment Settlementto understand how the amount paid by you against your SBI Credit Card outstanding is settled).
Do note that at any given point in time, Balance Transfer booking on your account cannot exceed 75% of your available Credit Limit.
"SBI Cards and Payment Services Limited” was formerly known as “SBI Cards and Payment Services Private Limited"
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