HDFC Credit Card Balance Transfer

HDFC Bank credit card holders can easily transfer the outstanding balance from other bank credit cards to their HDFC credit card and repay it in convenient monthly installments. HDFC also allows you to transfer balances from other loans, such as personal loans, two-wheeler loans, and car loans, to an HDFC credit card, offering greater flexibility and easier repayment options.

Eligibility Criteria for HDFC Credit Card Balance Transfer

Customers can easily check their eligibility for the balance transfer feature through phone banking or by requesting a callback from the HDFC customer service team on their registered mobile numbers. Eligibility can also be checked via Net Banking or SMS Banking, making the process quick and hassle-free.

Documentation Required

No documentation is needed to apply for the HDFC credit card balance transfer.

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Features of HDFC Bank Credit Card Balance Transfer

  • Affordable Processing Fee: The processing fee is 1% of the transferred balance or Rs. 250, whichever is higher.
  • Flexible Installments: HDFC Bank offers the option to set monthly installment amounts as low as Rs. 27 for every Rs. 10,000 transferred.
  • Quick and Easy Loan Disbursal: The loan amount is disbursed quickly, and you can receive it via a demand draft made payable to the other bank or the respective credit card or loan account number.
  • EMI Conversion for Balances and Loans: You can transfer outstanding balances from any credit card or loan to your HDFC Bank credit card. The transferred amount is blocked against the available credit limit and can be paid off in simple monthly EMIs.
  • Convenient Repayment Options: Monthly EMI payments, including GST, are added to your credit card statement starting from the next billing cycle. A portion of the minimum amount due will also appear. Paying this minimum amount is crucial to keep the credit card active. Interest and other charges apply to the outstanding balance.
  • No Documentation Needed: Applying for a balance transfer with HDFC Bank requires no documentation.
  • Flexible Tenure and Attractive Interest Rates: Choose your repayment tenure between 9 to 48 months, with competitive interest rates available.

How to Do HDFC Credit Card Balance Transfer?

Applying for an HDFC Bank Credit Card Balance Transfer is simple. Just follow these steps:

  • Check your eligibility for the balance transfer using phone banking, Net Banking, or SMS Banking.
  • Log in to the HDFC Net Banking portal with your credentials.
  • Under the 'Cards' tab, enter the details of your HDFC Credit Card and the other credit card for the balance transfer.
  • Enter the amount you wish to transfer.

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HDFC Bank Credit Card Balance Transfer Cancellation

Customers can cancel their HDFC Bank credit card balance transfer within 3 working days after the loan amount is booked. After this period, cancellations are not allowed, but the balance transfer can be pre-closed. The bank charges a pre-closure fee of approximately 3% on the principal balance.

HDFC Credit cards

FAQs about HDFC Credit Card Balance Transfer

The balance transfer process to your HDFC Credit Card is typically instant. However, in some cases, it may take 2 to 4 hours or up to 5–7 working days, depending on the bank's processing.

Eligibility for HDFC Credit Card Balance Transfer is determined by the bank and is available to selected customers. To check your eligibility, contact HDFC Bank via Phone Banking, SMS Banking, or Net Banking.

HDFC Bank charges a processing fee of 1% of the transfer amount, with a minimum fee of ₹350, plus applicable GST.

Balance Transfer on EMI lets you transfer outstanding balances from other credit cards to your HDFC Credit Card. You can repay the amount in EMIs at lower interest rates, making it a cost-effective way to manage your debt.

You can apply for a balance transfer via HDFC Net Banking or by contacting HDFC customer care. The bank will guide you through the steps and verify your eligibility for the transfer.

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

HDFC Bank Credit Cards

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