Idfc credit pro

[iamdhamo]

Hi Team

Is idfc creditpro worth for 749rs for balance transfer of cc to idfc cc for 105 days interest free period and post which they charge 1.67% pm.

@sjmajumder @RAMESH BABU N @Vasuki views please

 

[VasukiVasuki is verified member.]

Hi Team

Is idfc creditpro worth for 749rs for balance transfer of cc to idfc cc for 105 days interest free period and post which they charge 1.67% pm.

@sjmajumder @RAMESH BABU N @Vasuki views please

Why do u even need money for?

 

[iamdhamo]

Why do u even need money for?

I used to do balance transfer at 1% with idfc earlier for upto 750 when we got hdfc plat dc 750 cashback n invest that 75k spent via C2C

 

[sjmajumder]

Hi Team

Is idfc creditpro worth for 749rs for balance transfer of cc to idfc cc for 105 days interest free period and post which they charge 1.67% pm.

@sjmajumder @RAMESH BABU N @Vasuki views please

It's simple Maths. Depends on the amount you are transferring and the interest you are earning on that.

If interest earned > charges then it is worth, else not.

If interest earned not significantly more than charges then not worth the hassle.

Typically it won't be worth because in that case what's in it for the bank?

 

[iamdhamo]

It's simple Maths. Depends on the amount you are transferring and the interest you are earning on that.

If interest earned > charges then it is worth, else not.

If interest earned not significantly more than charges then not worth the hassle.

Ya n I want to make sure my understanding is correct.

For 1 year it's 749 + gst

Then if it's free for 105 days n post which 1.67% right?

So I can pay before 105 days itself and again opt freely right if I pay once a year of 749 + gst

 

[Credit raja]

I have chose this Creditpro card, But i didnt understand the communication above.
Im using this card , purely for Balance Transfer whenever there is cash crunch, so it can give me 105 days window to repay.
As per my info it charges 2% of balance transfer amount or Rs.499 whichevevr is higher.
So effectively for 105 days they charge 2%
it means 0.66% Interest /Month for first three months. Which is Great and Exceptional.

 

[Credit raja]

Only thing is How i can recover Annual fee Rs.750/- + GST ?