Which Credit Card is Best Among 0 Balance Transfer Credit Cards?

Credit Card usage in a perfect way is an art and there are some of those who are not artist enough and end up irresponsibly using their credit card. The right way to use a credit card is to spend it wisely and on only those things which are really important and significant enough to buy at this moment and repay the amount before the due date on every month. By doing this, you’ll not let the debt mount up to a scale that you won’t be able to pay it. But some people do this without knowing the consequence of it and ends up increasing the number of non-payments, late charges, and delayed payments to that stage when they aren’t able to pay the amount.

To get yourself saved from such situations, a balance transfer is always a smart choice. If you don’t have enough amount to pay the dues, you can opt for it through which your high-interest debt will be transferred to another bank with lower interest rates with zero percent interest balance transfer. Many banks provide 0 Balance Transfer Credit Cards by which you will be charged 0% interest balance transfer. With the help of 0 Balance Transfer Credit Cards, the large part of your payment will go in paying the principal amount and not the interest charges. 

Best 0 Balance Transfer Credit Cards available currently:

SBI Platinum Card: This SBI Credit card charges zero transfer fees up to a period of 60 days and charges 1.7% per month interest rate after this period till the period of 6 months. The minimum amount of balance which can be transferred with this is Rs 5000. 

Axis Bank Signature Credit Card: With the help of this credit card from Axis Bank, you can transfer you outstanding due amount to this with a zero percent rate of interest if you manage to pay it within 90 days, after that you’ll be charged with 2.95% per month rate of interest. You can not transfer less than the amount of Rs 5,000 to another bank.

TATA Titanium Card: This TATA Titanium card lets you avail the transfer of your outstanding dues within three working days with easy repayment options and lower interest rates. You will have to pay a 0% interest rate during the first 60 days and 1.7% interest per month for the next 180 days. You’ll be also charged with a 2% processing fee or Rs 1500 whichever is higher in the first 60 days. 

Yatra SBI Card: With having a 0.75% interest rate per month for 30 days and 1.27% per month for 6 months, this SBI Card is perfect for you to balance transfer. It charges a nominal processing fee of 1.5% of your outstanding balance amount or Rs 199 whichever is higher. 

Axis Bank Insta Easy Credit Card: You’ll have to pay a zero percent rate of interest on the balance transfer within 90 days and then after you’ll be charged with a 1.95% per month rate of interest. The minimum balance should be Rs 20,000 for the transfer to this AXIS bank card.