SBI Credit Card Balance Transfer Procedure – Five steps to get stress free

No one enjoys the feeling of staring at credit card dues that need to be cleared and that too, with an added interest of up to 18%, which is the norm in most cases. Especially for a cash strapped consumer, the difference between paying the premium and the additional high rate of interest can change a manageable scenario into one that bites deeply into the pocket. As far as credit card companies go, deferring payment will only worsen the situation for the consumer. The best solution, in these circumstances is to transfer the balance to a more reliable bank, which also offers a lower rate of interest. 

Through the SBI Balance Transfer option, one can be assured of the fulfillment of both the criteria mentioned above.

As per the scheme, a customer may transfer the high rate credit card balances of other credit cards onto the SBI credit card, wherein the interest payable is as low as 0%, thus creating a circumstance of complete convenience.

The entire procedure is a matter of six steps, in case of a new user and just three steps in case of a customer already registered on the SBI card website.

If one is a first time visitor to the SBI card portal, all one needs to do is fill up the registration form with the appropriate details of the SBI credit card. Once this is done, an OTP will be generated and instantly sent to the registered mobile number. After logging in with the Card number and the OTP, one can then create an appropriate user ID and password. On entering the portal, the option ‘Book Balance Transfer’ can be found to the left of the screen. Hereon, it is just a matter of filling the balance transfer form and clicking ‘submit’.

The SBI Balance Transfer options bestows multiple advantages. For one, once the balance is transferred, the interest payable for the first two months is 0%. A 2% service charge may be levied, which, compared to the monstrous 18% is almost negligible. Therefore the opportunity to save on the high rate of interest in other credit cards in wide open.

The second advantage is that the interest rates post the 60 day period is also extremely low in comparison. It rises from 0% to just 1.7%. This again, is valid up to six months, during which time the customer also does not need to pay any service charges.

Third, by transferring balances from all other cards into the SBI card, one creates a single, unified, savings-driven payment option that is dependable and hassle free.

And finally, convenience. The request for Balance Transfer will be processed within just three working days through Visa Credit Card Pay for all Visa cards. What is more, the cheque will be delivered within a mere 3 working days if the customer is located in a metro. Even otherwise, the duration if delivery is limited to just 5 working days.

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SBI Credit Card Cash Back Offers – They’re Every Where!

Today the world is customer centric. Thanks to the influx of technology that allows literally every customer to be savvy about each product in the market, the customer is truly king! With the growing use of credit cards in India, there is a positive pressure from the customers on banks to issue credit cards that do more than just allow them to pay for what they buy at a later date. It is in this atmosphere of heightened competition and public expectation that the SBI Credit Card thrives.

In the parlance of electronics and consumer technology, ‘single function devices’ are now obsolete. A watch is not merely for keeping time. A mobile device is not just for taking calls and sending SMS’s. Even the television at home doubles as a gaming device, a streaming hub and a conduit that allows the resident to browse the World Wide Web.

This being the case, why should Credit Cards be single function devices? After all, they too, have been driving transactions towards digital money for decades. The SBI Credit Card Cash Back Offers have cashed in on this theme, to come up with multiple discount solutions that cater to the multifarious needs of customers across the length and breadth of the country.

Travel

Whether for business or on a well-deserved holiday, there has been a surprisingly steep rise in the number of people who travel in the country. Destinations beyond the seas and outside India are now more accessible and hence more inviting. The SBI Card offers its customers numerous discounts on ticket bookings, shopping, choice of hotels and destination packages. For example, through the YQ meet and assist, one may avail up to 20% discount on published prices, with an SBI signature card. Alternately, with an SBI Platinum card, one can avail 15% discount on published prices, till the end of this year.

In the case of flywidus.com, an online travel services provider, one can avail a flat discount of Rs. 400 on one way domestic flights and Rs. 800 on two way domestic flights. This offer is valid till 15^th August, 2014.

Both British Airways and the travel services provider Cox and Kings offer 10% and 11% cash back respectively to all SBI credit card holders. While the former offer will last till the end of the year, the latter offer will end on August 31^st.

Shopping

With an SBI credit card, the market place of the world, as well as the virtual market is literally full of cash back offers on every conceivable category of consumer goods. Discounts from 5%, up to and over 50% can be availed based on the validity of the offer across the country in multiple stores both online and in the real world.

An SBI bank credit card offers unlimited possibilities, whether the requirements are business and profession oriented or for the family.

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Tips for Credit Card Security

Although the RBI has circulated some rules and regulations to secure credit card customers, still frauds happen within a blink of an eye. There are many ways to safeguard your credit card against theft or other instances of security breach.

 

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Some tips are:

• Lost and stolen card report: If any of your credit cards is stolen or lost, report it immediately to customer care. Make sure they stop the card immediately so that no transactions can be done till the time you receive a new one. Also, ensure that you tell them the date, time and place the incident happened, in case you remember it. This will ensure that your card issuer knows the time since your card was not in your possession.

• Online safety: Banks will never send emails to you, asking for your credit card number. If you receive any such thing, it is undoubtedly a spam mail. This is one of the easiest tricks that scammers deploy to phish your login information for a bank. Whenever you log on to the bank site, you will see disclaimers with the same information. This is only to inform customers of these kinds of frauds. Also, it is imperative that you request for an OTP (One Time Password) for all your online transactions.

• Guard your credit cards: Always ensure that you carry your credit cards in a closed compartment. Whether you are a man or a woman, you should carry a zipped purse or wallet for keeping credit cards. It is better to carry only those cards that you will need at the time of shopping. Carrying all of them would surely be a mistake.

• Look before you sign: At the time of shopping, always ensure that you are signing a valid receipt. Many a times, it has been seen that merchants and shopkeepers give you receipts that are completely blank. It is better not to sign on them. They will feign no ink and all other stuff, but always stick to the fact that you will sign a valid receipt. They can easily write any amount on a blank receipt after you sign it.

• Safeguard your card number: You should only give your credit card number and other sensitive information to the customer care. Do not disclose your card numbers to people who have left their phone numbers on your answering machines. Your card issuer will never call you to confirm your card number as they will already have it their database. They would just confirm the last 4 digits of the card.

• The billing statement review: It is very important to check the billing statement every month. This will ensure that you know what all charges have been added in the current billing cycle. If you see any out of league charge, then you can always call the bank and check with them if the charge belongs to you or not.

• Shred your card number: Many credit card customers throw their billing statements in the trash without shredding them. You should shred your statement, rather than just throwing it away. This way, nobody can read the card number from your billing statement.

Caution is the best way of securing your credit cards. Always ensure that you keep a track of all the transactions done by you.

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Understanding the advantages of a HDFC Bank Travel Credit Card

Travelling is done every day whether it is for business or for pleasure. But, if you are someone who spends a big chunk of your income or your allowances on travelling, you should take a look at the best HDFC travel credit card. Having a travel specific credit card gives you access to savings on the biggest expenditure on your list.

 

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Travelling is expensive more so if it is air travel. Air travel is also the fastest and most efficient if you travel a lot for business. Using a credit card which is travel based to make your purchases is a good way to save money because you can earn miles which can be used to redeem discounts on future purchases. Frequent fliers can benefit greatly from having a travel credit card.

Now, let us look at the benefits of the best HDFC travel card.

While there are different travel benefit cards available with HDFC bank, a card that is most recommended in this category is the Superia travel premium Card. This is a travel specific credit card which gives customers access to compounded savings.

New customers:

As a new customer you can earn 1000 reward points which can be used at a later stage to get discounts on ticket purchases.

Rewards:

For a frequent air traveler, earning rewards can give many benefits in the form of savings. When you use the Superia HDFC credit card, you can earn 3 reward points on every Rs.150 spent. You can earn double the rewards when you use this card for making dining reservations.

The savings don’t stop here. If the total amount spent on the card reaches a total of Rs. 5 lac, you get an air travel voucher of Rs, 8000.

Lounge benefits:

Business travelers who travel from place to place often spend a great deal of their schedule waiting for flights. While they wait to board a direct or a connecting flight, they access lounge services. These services can be expensive generally, however, using the Superia travel HDFC credit card can help save on these services as well.

Possessing this card will give members exclusive lounge benefits in airports all across India. Also, the total savings on lounge expenses can add up to a total of Rs.8300 every year which is again a significant savings.

Fuel discounts:

A big part of business travelling is also intercity travel that involves booking cabs or using official vehicles for travel. Using the Superia HDFC bank travel credit card, the customer will get many fuel transaction discounts further expanding the savings slab.

An HDFC travel credit card offers traditional travelling expenditure savings but, in addition to that the span of savings is enlarged when the related travelling expenses are also featured as part of the plan. It is therefore, prudent to use a credit card specifically meant to extend travel benefits that covers the entire spectrum of expenses.

For a company or a corporate the same, helps save a ton of money on personnel travelling purchases.

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