Citibank offers balance consolidation where you can transfer your other bank’s credit card balance to Citibank’s credit card. This helps you save money as you will be charged a lower interest rate. This will eventually help you to clear out the debt sooner.
Features and benefits of Citibank Credit Card Balance Transfer
Following are the features and benefits of the Citibank Credit Card Balance Transfer:
- You will be charged a lower interest rate and this in turn lowers your instalment payments.
- You can transfer amount from your non-Citibank credit card to the limit that you get on your Citibank credit card.
- You can choose a tenure of your choice. Tenure is offered for up to 48 months.
- The balance amount that you wish to transfer will be transferred to your beneficiary credit card account.
- The balance that you transfer will be blocked on your Citibank credit card limit and the limit is released when you make the payments.
- The monthly instalments will be the payment due and it will appear on your credit card statement after you avail balance consolidation.
How to avail Citibank Credit Card Balance Transfer?
To avail Citibank Credit Card Balance Transfer, you can either call the Citibank or send a SMS type BTF and send it to 2484.