What is a credit card balance transfer?

Question

Accepted Answer

Credit card balance transfer is the process of transferring owed balance from one credit card account to another. Upon carrying out this process, the debt is owed to the new card issuer as opposed to the original card issuer.

Your Spends	Annual Spends	Kotak Benefit	Your Savings (In Rs.)
Reward points on a monthly spend of Rs.50,000/-	6,00,000	7500 rewards accumulated	1875
Reward points on a spend of Rs. 5000/- in the first 45 days of card setup		500 rewards accumulated	125
Milestone Offer on spends on Rs.75,000/- annually	75,000	Rs.750/- cashback	750
Cash Withdrawal at 3.50% p.m. up to 48 days	120,000 (10,000 per month)	Interest Free Cash withdrawal for average 30 days	3600
Fuel Surcharge Waiver		Maximum fuel surcharge waiver allowed in a calendar year is Rs. 3500	3500
Railway Surcharge Waiver		Maximum railway surcharge waiver allowed in a calendar year is Rs. 500/-.	500
Your Total savings			10350

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What is a credit card balance transfer?

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Lifetime Free Credit Card - 811 #DreamDifferent

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What is a credit card balance transfer?

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