SBI balance transfer Query.

[Deleted member 35969]

Happy Diwali Everyone 🪔

I never used SBI CC BALANCE TRANSFER TILL date.

So if I want to transfer 10k from SBI credit card through BT facility available selecting 60 days tenure which offers intrest free but processing fees of 200+ gst applicable..

My Question is when my 1st bill is generated after balance transfer will be of Zero (0) amount?

Second bill generated will hv that 10k + processing fees ?

It's straightforward 60 days for 10k paying 200+ gst ?


Am I right?

 

[helloworld]

Check with customer support for applicable charges and other terms and conditions. They'll explain clearly how much you have to pay total for that 10K balance.

Do note the following condition and enquiry same with them:



In your case:

For 10k BT = 235Rs. processing fee = 2.35%

But, I stopped using it because of above clause at that time, which is still exist. So, do check and if its true then you shouldn't make any other purchase after BT = Cash Withdrawl behavior.

For EMI:

Interest + Gst on Interst applicable extra to your payment.