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.

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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.
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FAQs on Axis Bank Credit Card Balance Transfer

The Axis Bank Credit Card Balance Transfer allows cardholders to consolidate outstanding balances from multiple credit cards into one Axis Bank credit card account. This feature helps the cardholder to simplify the repayments, reduces financial burden, and offers lower interest rates on the transferred amount, calculated using the reducing balance method.

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

  • Be an existing Axis Bank customer with an active credit card issued by the bank.
  • Have a sufficient credit limit and a good repayment history.
  • Meet the bank's internal policies and criteria for balance transfers.

To apply for a balance transfer, call Axis Bank Credit Card Customer Care at 1860-419-5555 or 1860-500-5555. You must initiate the request within 15 days of your statement date or at least 5 days before your payment due date. Once approved, your balance will be transferred seamlessly to your Axis Bank credit card.

  • Streamlined Payments: Consolidate multiple card balances into one account for simpler, efficient repayments.
  • Lower Interest Rates: Significantly reduce your financial burden with lower interest rates on transferred balances.
  • Special Offers: Enjoy exclusive teaser rates, interest-free periods, and reduced charges for existing customers.

This service is ideal for individuals looking to manage their debts more effectively. By availing of lower interest rates and simplifying monthly payments, you can save money and ensure timely repayments, improving your financial stability.

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Please click the links below to find details and instructions related to Axis Bank Credit Cards that can help you in easily managing your card:

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