Axis Bank Credit Card Balance Transfer

Axis Bank Credit Card Balance Transfer allows cardholders to consolidate their outstanding credit card balances from multiple cards into a single account. This facility helps cardholders manage their finances by simplifying repayments. The balance transfer comes with an interest rate that follows the reducing balance method, and there is also a processing fee.

Eligibility Criteria for Axis Bank Credit Card Balance Transfer

To be eligible for the Axis Bank Credit Card Balance Transfer, you must meet the following criteria:

1. Existing Axis Bank customer: You must have an active relationship with Axis Bank.
2. Axis Bank Credit Card holder: You should possess a credit card issued by Axis Bank.
3. Credit Limit & Repayment History: The bank will assess your available credit limit and review your repayment history, along with internal policies, before approving your balance transfer request.

Axis Bank Credit Card Balance Transfer – Fees & Charges

Cardholders may be charged an interest rate per month based on Axis Bank's internal policies. The interest rates are as follows:

• 1%
• 1.08%
• 1.25%
• 1.5%
• 2%

Additionally, a processing fee of 1.5% of the amount being transferred or a minimum fee of Rs. 250 is applicable.

If the balance transfer is closed before the tenure ends, the banks charge a pre-closure charge of 3% of the outstanding principal amount (with a minimum charge of Rs. 300) will be levied.

How to Apply for Axis Bank Credit Card Balance Transfer

You can apply for the Axis Bank Credit Card Balance Transfer by contacting Axis Bank’s credit card customer care:

• 1860 419 5555
• 1860 500 5555

Call these numbers to convert your statement balance into EMIs (Equated Monthly Installments). Remember, to apply for the balance transfer, you must contact the bank within 15 days of your statement date or at least 5 days before your current payment due date.

Features and Benefits of Axis Bank Credit Card Balance Transfer

1. Timely and Efficient: Once eligible, you can quickly transfer your outstanding balance from other credit cards to your Axis Bank credit card, streamlining your payments and helping you manage your debts more efficiently.
2. Reduces Financial Burden: Axis Bank offers a lower interest rate on balance transfers, which can significantly reduce your financial burden. The lower the interest rate, the less you pay over time.
3. Additional Benefits: Axis Bank offers exclusive teaser rates for existing customers and special offers like interest-free periods or reduced interest rates, enhancing the overall value of the balance transfer service.