Best Credit Cards for Balance Transfers in India 2014

If you have been using credit cards regularly, you may sometimes develop a tendency to over-spend. If over-spending has become your habit, you are certain to exceed your financial capabilities. This may strain your finances and so, you may look for ways to come out of this quagmire. One of the best options that can help you surmount this situation is balance transfer on your credit cards. Balance transfer is a convenient option also because you will get time for arranging funds. Further, the interest will also be much less than that on the original credit card.

 To explain the situation more elaborately, if you have a tendency to over-spend and if you are also in the habit of making only partial payments, you will be forced to pay a very high interest on the unpaid amounts of your credit card bills. Some of the banks may levy 30 per cent per annum or even more on the unpaid amounts. If there are delays in your payments, there will be penalties and interests on interests also. All these things may push your debts up and there are chances of you getting into an irretrievably awkward financial situation.

It is in this context you are advised to use the option of balance transfers so that the interest you pay may get reduced even to 0%. This will continue for a while, may be few months, before which you can arrange the required funds. Another benefit from the option of balance transfer is that almost all the banks that offer this facility levy only a nominal fee for processing your application.

You should opt for the balance transfer scheme only if you think that the cash crunch you are facing is temporary. In other words, you must be certain of arranging funds very soon so that you can rectify your financial situation. Another point is that if you have all along been reckless in your credit card spending, you should jettison that habit and try to be more organized and disciplined in your financial matters.

Financial experts are of the unanimous view that opting for a balance transfer scheme is a very wise decision if the tenure you choose is one year or less than that. This is because the savings you can make on the interests will be substantial. So, this makes this option much better than all other avenues.

To put it differently, balance transfers are nothing but refinancing loans that are extended for clearing credit card dues. In general, those who have two credit cards from two issuing banks are eligible to opt for the balance transfer scheme of either of the banks.

Balance transfer is certainly an excellent scheme but people should not opt for it just with an intention of delaying their credit card payments. The best way to avoid such awkward situations is to have a disciplined approach towards personal finances and avoid over-spending. 

Some of the Best Balance Transfer Schemes In India

SBI Balance Transfer Credit Cards

According to SBI, their scheme makes things easy for those who opt for it. They add that their schemes are the best among the schemes available in the market.

HSBC Balance Transfer Schemes

HSBC says that the interest rate on their balance transfer schemes is very low and so, those who opt for them will benefit immensely. 

Standard Chartered Bank Balance Transfers

Standard Chartered Bank, that is one of the oldest international banks operating in India offers attractive balance transfer schemes for those who want to save on their interest payments.

Kotak Mahindra Bank Schemes

Kotak Mahindra Bank, one of the renowned banks in the private sector, also offers these schemes for the benefit of credit card holders.

CitiBank Schemes

Card holders can opt for CitiBank schemes also for transferring their credit card loans so that they can save substantially on their interest payments.

HDFC Bank Credit Card Balance Transfers

HDFC Bank that has been a pioneer for several schemes is also offering balance transfer schemes to benefit card holders who want to save on their interest payments.

In addition to the above banks, there are several nationalized and private sector banks that offer these schemes. If you visit reputed sites like BankBazaar.com, you can have all the details. You can compare the features of various schemes and make the right choice. You can use the "Credit Card Apply online" feature of the bank you choose and submit your application. You can apply through sites like BankBazaar.com also.

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Standard Chartered Credit Card offers on jewellery

Buying can be stress free and pleasurable when you have a credit card at hand more so, if your card hails from a bank like Standard Chartered where every product is designed to suit user requirement perfectly to the ‘T’. Options to suit patron needs too are countless here and rewards for using a card, many. A smooth swipe and a smoother transaction further ensures that you are always ahead with your purchase and your buying sprees are supported with the best in offers and deals. 

Here are some great offers on jewellery to enjoy if you are using a Standard Chartered credit card for transaction.

Offers are aplenty at Standard Chartered

Standard Chartered showers great offers on its credit card customers. As for jewellery, the bank partners with some of the most notable names in the jewel industry and collaborates with them to offer awesome rewards and discounts to the buyers when they buy the glitz.

Latest promotional offers

Standard Chartered has the Dazzle & Shine offer on jewelry purchase going on at this moment for jewelry purchased from select outlets with credit card(s) issued by the bank in Sri Lanka. Many notable jewelers have been roped in for the scheme and there are interesting discounts and savings on offer for buyers. Most offer 5%-15% off on gold and silver jewelry with some offering a whopping 30% discount on diamond jewelry as well. Price cuts on watches, gold/silver coins and gift vouchers can also be availed by using Standard Chartered Credit cards in these outlets.

Standard Chartered also has a 360 Degree Rewards Scheme valid on select credit cards whereby points can be accumulated against transactions made on a card, which can then be redeemed for the gift of choice. Rewards vouchers from noted jewelers often find a place here amongst redemption options.

‘Kuch bhi on EMI’ from Standard Chartered is yet another favorable scheme for users of Standard Chartered Credit Card. This is a plan whereby card holders can buy items of significant worth through convenient EMIs, thus making transactions easier and more convenient for them. Buying is encouraged hereby and the burden of purchase is also waived off. Flexi-tenures and easy transaction conversions make the scheme highly attractive to customers. EMIs are however offered on eligibility basis. Calculation of monthly EMIs is possible through the EMI calculator offered on the bank page.

How to avail the offers?

Availing the offers on jewellery is easy if you have the required Standard Chartered credit card with you. If not, to get your Standard Chartered Credit Card apply online. The process is easy, simplified and secured.

• First you need to fill up the online form with some personal details
• Next you need to select your preferred card. This can be done in a few clicks after studying the features and comparing the benefits & rewards associated with each card
• Click & apply

Since June 2012, Standard Chartered has launched the country’s first direct online credit card sanction solution whereby it’s easy to apply and also know instantly whether the application has been approved or not. Application status can be checked online too.

Note : If you are concerned about how to get a Standard Chartered Credit Card, bank has introduced a convenient “Standard Chartered Credit Card Apply Online” system and so, you can apply for it on line. You can route your application through reputed sites like http://www.bankbazaar.com/standard-chartered-credit-card.html also. Once you submit the required documents, the bank verifies them and issues the card very quickly. The point is that the card issuing process of the bank has been completely streamlined and hence, you can get your card sooner than you expect.

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Standard Chartered Credit Card offers on Flipkart

Flipkart is one of the most coveted shopping websites in the cyber space and it has the best offers and deals on store. And you know what? If you have in your wallet a Standard Chartered Credit Card, the offers can become even smarter and sweeter for you. Why? Because using it can lead you to an additional discount of 10% cash back when you purchase products from the venue for Rupees 10000 or more. The offer is obtainable on all varieties of Standard Chartered credit cards and is valid over any flat discount that the site may be providing on the desired product(s) in any case.

 To be eligible for cash back

For any Flipkart order to become eligible for this cash back offer it is important to pay the price in full with your credit card from Standard Chartered and not use any other payment mode or Gift Voucher for the process.

The cash back offer on Flipkart for Standard Chartered credit card works in a streamlined manner. The steps are mentioned here.

Shop for products amounting to Rupees 10000

You need to log onto Flipkart.com and shop for products estimated at a value of Rupees 10000. Remember that the offer stands true for purchases made from any and all sellers across Flipkart.

Click on the ‘Payment Options’

Once you have completed your purchase and estimated the total value, you need to click on the ‘Payment Options’ window.

The ‘Secure Payment’ section anyway opens up after you finish loading your shopping cart and ‘Place Order’. From here, you continue stepwise, as directed, for completing the transaction and availing the discount. In between you verify your email information, confirm your shipping address and review your ‘order’ summary to reach the ‘Payment Options’ window.

Pick your option

Since you are interested in availing the cash back of 10% offered for Standard Chartered card holders making transactions above Rupees 10000 in Flipkart, you will need to click on the ‘Select Credit/Debit Card’ slot for making payment.

Key in your payment details

You will need to key in your Standard Chartered bank credit card details herein for paying the dues and availing the cash back offer. The cash back amount, i.e. 10% will be directly refunded back to the specified payment source within stipulated time.

Standard Chartered is one of the most progressive banks in the country and abroad in providing deals and discounts for credit card purchases to its customers. Applying for a card from the bank therefore can make your shopping sprees more exciting and rewarding in nature. To get fast Standard Chartered credit card apply online. You can do this straightaway from the bank website or apply through a reliable finance portal in the cyber platform. Filling up a form with certain professional and personal details can make you eligible for a credit card e-approval from the bank. Standard Chartered has the swiftest online card approval system in place and has been a forerunner in the field since 2012. You can get e-approved instantly and have your card processed within a few days.

For more information visit the given reference link - http://www.bankbazaar.com/standard-chartered-credit-card.html

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