Are you overwhelmed by growing credit card interest? If you’re paying 30%–40% interest on your credit card, moving your dues to a zero or low-interest balance transfer credit card can relieve your financial stress and save significant money.
A balance transfer means shifting your outstanding credit card balance to another bank offering a lower or zero interest rate for a set period. This smart step helps you avoid steep finance charges while you repay.
Let’s examine the 5 best credit cards in India that offer zero or very low interest on balance transfers, explained in simple terms.
What is a Balance Transfer Credit Card?
A balance transfer credit card lets you:
- Move unpaid credit card dues.
- Pay 0% or very low interest for a fixed period.
- Repay in EMIs
- Reduce total interest burden.
👉 Best for people who already have credit card debt and want to save on interest.
Top 5 Zero Interest Balance Transfer Credit Cards
1. SBI SimplySAVE
Why it’s popular:
SBI offers one of the most affordable balance transfer options with flexible EMI plans.
Benefits:
- Low or zero interest for the initial period
- EMI conversion available
- Trusted public sector bank
- Easy transfer process
2. Axis Bank Credit Cards
Why it stands out:
Axis Bank offers special balance transfer EMI plans at very low interest rates.
Benefits:
- Interest-free or low-interest introductory offers
- Flexible EMI tenure
- Easy online application
- Good for salaried professionals
3. HDFC Bank Credit Cards
Why it’s reliable:
HDFC Bank provides smooth balance transfer options with 0% or low-cost EMI schemes.
Benefits:
- Competitive interest rates
- Option to convert dues into EMIs
- Strong customer support
- Digital tracking
4. ICICI Bank Credit Cards
Why it’s useful:
ICICI Bank frequently runs limited-period zero-interest balance transfer offers.
Benefits:
- Quick approval
- Online request facility
- Low processing fee offers
- EMI repayment option
Also Read: How to Apply for SBI Personal Loan
5. Kotak Mahindra Bank Credit Cards
Why it’s flexible:
Kotak offers balance transfer with low-interest EMIs and flexible tenures.
Benefits:
- Simple EMI plans
- Competitive rates
- Easy mobile banking control
- Suitable for mid-income users
Comparison Table: Best Balance Transfer Credit Cards
| Bank | Intro Interest | EMI Option | Processing Fee | Best For |
| SBI | 0% / Low | Yes | Low | Budget users |
| Axis Bank | 0% / Low | Yes | Medium | Salaried professionals |
| HDFC Bank | Low | Yes | Medium | Existing HDFC users |
| ICICI Bank | 0% (offers) | Yes | Medium | Fast approvals |
| Kotak Bank | Low | Yes | Low–Medium | Flexible EMIs |
Benefits of Zero Interest Balance Transfer
- Save thousands in interest.
- One single EMI instead of revolving credit
- Improve cash flow
- Reduce financial stress
- Clear debt faster
Who Should Use Balance Transfer Cards?
Balance transfer is ideal if:
- You have large outstanding credit card dues.
- You’re paying the minimum amount every month.
- Interest charges are piling up.
- You have a regular income to repay EMIs
Things to Check Before Balance Transfer
- Duration of zero-interest period
- Processing fee & GST
- EMI tenure & monthly amount
- Late payment penalties
- Interest after the offer period ends
Eligibility Criteria
- Age: 21–60 years
- Regular income (salaried or self-employed)
- Good credit score (750+ preferred)
- Existing credit card with an outstanding balance
Also Read: 5 Credit Cards That Help You Save on Movie Tickets
How QuickCashs Helps You
With QuickCashs, you can:
- Compare balance transfer offers
- Understand total savings
- Choose the best card.
- Apply online easily
- Avoid costly mistakes
FAQs – Balance Transfer Credit Cards
-
Is a balance transfer really interest-free?
It is usually 0% for a limited period, then normal rates apply.
-
Can I transfer a partial outstanding amount?
Yes, most banks allow partial transfers.
-
Does a balance transfer affect a credit score?
If repaid on time, it can improve your score.
-
Is a processing fee charged?
Yes, usually 1%–3% of the transferred amount.
