When charged with a high interest for unpaid outstanding credit card balance, it is advisable to transfer this amount onto credit cards that charge lesser interest or provide extra credit free period. For example, SC credit cards offer attractive interest rates of 0.99% for first 6 months on your balance transfer amount and require just 5% of the balance to be paid per month.
Choosing the best balance transfer credit card can mean convenient, stress-free bill payments. Since credit cards can differ in this aspect, the ideal balance transfer credit card lets you transfer over your outstanding balance from elsewhere and helps pay the amount at low interest rates and provides extra credit free period.
Yes you can, and the loans you receive are pre-approved (upto 85% of your credit card limit) and do not require documentation, subject to eligibility. In fact, this is the easiest way to acquire funds at short notice. Loan amount above the credit card limit is also available, subject to eligibility.
SC credit cards allow you to use EMI in the payment of your credit card balance at interest rates as low as 1.49% per month. You get to pay this amount in small installments without any processing fees and also enjoy flexible tenure from 6 to 60 months.
Your outstanding SC credit card balance can be converted into EMIs through phone banking by calling us at 080 – 39401166/080 – 66011166. Our phone banking officer will assist you with details of the offer specifically curated for you.
In the case of SC credit cards, the processing fee for a credit card loan is about 1-2% according to the eligibility criteria applicable to the cardholder.
While supplementary cardholders enjoy the same credit benefits as the primary cardholder, the bills acquired are the primary cardholder’s responsibility. Likewise, balance transfer can only be done on primary cards.
Please ensure that you take note of the terms and conditions for credit card balance transfers that are listed below:
● Credit card balance transfers are subject to conditions specified by Standard Chartered.
● Payments are required to be made to the account from which the balance was transferred until fully credited. Please note that Standard Chartered will not be liable in the case of overdue payment or interest incurred in the aforementioned account. Hence it is advisable to complete your payments in time.
● Payments made on the SC credit card account will be applied first for the reduction of transferred balance. Keep in mind that only once this is complete will payments be directed towards reducing your outstanding balance on the SC credit card.
VKYC, or simply Video KYC, is a feature that allows you to complete your KYC through a video from the comfort of your home while applying online for a Standard Chartered credit card, personal loan, or savings account. With this feature, our application process becomes even more simpler and completely contactless. Click here to learn more.
To know the Interest Rate and APR offered to the customer in the previous quarter click here
