Axis Bank offers a balance transfer facility that helps you move your outstanding credit card dues from other banks to your Axis Bank credit card.
This feature is very useful if you want to reduce interest burden and manage multiple credit card payments easily.
What is Balance Transfer?
Balance transfer allows you to shift your unpaid credit card balance from one or multiple cards into a single Axis Bank credit card.
Instead of paying high interest on multiple cards, you can pay a lower interest rate in EMI form.
Axis Bank Balance Transfer Charges
Here are the main charges involved:
Interest Rates (Per Month)
The bank may charge interest between:
(Rates depend on your profile and bank policies)
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Processing Fee
- 1.5% of transfer amount
- Minimum ₹250
Pre-closure Charges
- 3% of outstanding amount
- Minimum ₹300
(Applicable if you close the loan early)
Eligibility for Balance Transfer
- Must be an existing Axis Bank credit cardholder
- Should have a good repayment history
- Must have available credit limit
If you are applying for a new credit card, you must meet eligibility criteria and complete KYC.
Documents Required
- No documents needed for existing customers
- New applicants need basic KYC documents
How to Apply for Axis Bank Balance Transfer
Follow these simple steps:
- Call Axis Bank customer care
- Request balance transfer or EMI conversion
- Provide required details
- Confirm the request
Important:
You must apply:
- Within 15 days of statement date, or
- At least 5 days before due date
Features & Benefits
Lower Interest Rates
Balance transfer rates start from around 1% per month, which is much lower than regular credit card interest (around 3–3.5%).
Easy EMI Payments
You can convert your dues into easy monthly installments, making repayment simple.
Better Credit Score
Paying EMIs on time helps improve your credit score.
One Payment Instead of Many
You can combine multiple card dues into one account, making it easier to manage payments.
Special Offers
Axis Bank may offer low interest or zero-interest offers from time to time.
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