Best Balance Transfer Credit Cards To Get your Hands-On in 2019!

If you learn how to manage credit cards, congratulations, you’ve learnt 80-90% of the management skills. Very few of us do on-point management of credit cards. By that I mean, knowing your credit limit, buying what’s necessary and paying the bill before the due date. As I said, it’s a matter of few, most of us mess it up. Now how do you clear this mess? The answer you’re looking for is, Balance Transfer Credit Cards.

What are Balance Transfer Credit Cards?   

A time comes in your life when you find hard to pay the bills on your existing credit card due to high interest rates and penalty charges on them. This is where a Balance Transfer Credit Card can help you. What it does is transfer the balance of your old credit card onto itself and pay off your former credit card due. Now you don’t have to deal with those excruciating interest rates and other charges. Balance Transfer Card offers you a low interest rate which you can pay off your credit card bill easily. 

What Benefits do Balance Transfer Credit Cards Provide?

Some of the best balance transfer credit cards provide the below mentioned benefits so as to reduce the burden off the customer’s shoulders.

Low Interest Rates: This is one of the most precise reasons why people opt for balance transfer cards. People find it very difficult to cope with the interest rates on the former credit card which keeps on increasing their bill amount. Thus, they move to balance transfer options, where they have to pay a low interest to clear the bills, making it easy for them.

Convenience: The Balance Transfer Option is the most convenient option, especially, when you hold a lot of credit cards. Transferring the balance of all the credit cards into one saves time and makes their management easy. Instead of referring to various monthly statements and paying their bills, now you just have to visit one and pay off there itself.

Offers: Many people are unhappy with their credit cards as they don't reward them for the amount of the spending they do. This is where the Balance Transfer Credit Card takes the lead and lures people by their irresistible offers and reward structure.

Which are some of the Best Balance Transfer Credit Cards Options in the Market?

SBI Balance Transfer Credit Card: SBI, one of the prominent players in the banking industry, offers customers the convenience of transferring the balance on their other banks, issued by other banks, at low interest rates. If you hold more than one card, it lets consolidate all multiple balances into one. Even the payment options is very easy to do with this credit card.

ICICI Balance Transfer Credit Card: ICICI Bank provides its credit card customers the facility to transfer their outstanding balance on their credit cards issued by other banks to their ICICI Credit Card. By doing this, you can save high interest amounts that you were paying on other credit cards. Also, you can transfer upto INR 3 lakh outstanding balance using the ICICI Balance Transfer Credit Card. The choice of repayment tenure is upto you whether you want to opt for three & six months installments. This is surely one of the best Balance TransferCredit Cards available in the market.

American Express Balance Transfer Credit Card: American Express Credit Card is one of the multinationals that is known for its innovative and extraordinary credit card services. Of course, how can it be not there in the list of best Balance Transfer Credit Cards. Both existing customers and non-customers can transfer their credit card balance of their other cards, issued by other banks, to their American Express Credit Card. The rate of interest offered for the first six months is as low as 9.9%.