Features & Benefits
Balance transfer is a facility that allows you to transfer your existing Credit Card's outstanding balance to your Federal Bank Credit Card. It is better to transfer your unpaid outstanding balance at higher interest with other credit cards to a Federal Bank Credit Card at lower rate of 0.83% per month.
- Zero Processing Fees.
- Quick & hassle-free processing.
- Easy repayments with tenures of 3 & 6 Months
- Save your money by enjoying lower rate of interest.
Eligibility
Eligible customers will be intimated by the bank subject to bank's policy.
Rates & Charges
- Nil Processing Fees
- Interest rates at 0.83% pm.(9.99% p.a)
FAQs
1. What is a balance transfer facility?
It is a facility which allows you to transfer your existing outstanding balance in credit card with other bank to your Federal Bank Credit Card.It helps you in saving money by transferring your unpaid outstanding balance at higher interest with other credit card to Federal Bank Credit card at lower rate of 0.83% pm.
2.Why should I opt for Balance Transfer facility with Federal Bank Credit Card?
- Lowest rate of interest.
- Flexible repayment tenures of 3 & 6 Months.
- Quick, hassle-free and speedy disbursals.
3.What documentations are required to avail Balance Transfer?
Zero Documentation
4.What is the eligibility criteria for availing Balance Transfer facility?
Pre approved customers will be intimated centrally by bank as per bank's policy.
5.Can I repay the amount before the tenure ends?
Yes, the same can be repaid before the tenure ends.
6.How long it will take to transfer amount from my Federal Bank credit card to other bank credit card?
Once the eligibility criteria is satisfied, the request shall be processed and completed within 4 working days.
7.What is the minimum & maximum amount that can be requested for Balance Transfer?
Minimum amount that can be requested is Rs 2500/- and a maximum amount of Rs 7,50,000/- based on available credit limit.