New Delhi, Feb. 7 -- When used judiciously, credit cards can offer several benefits like instant discounts/cashbacks, up to 50 days interest-free credit period, complimentary airport lounge access, reward points, etc. However, if the monthly bill is not paid by the due date, the cardholder has to pay finance charges and monthly interest of up to 3.75% on the outstanding.

Most banks offer a balance transfer (BT) facility wherein a credit cardholder can transfer their outstanding balance from one credit card to another at a lower interest rate and easy on the pocket instalments. In this article, we will explore the various balance transfer options that some banks offer on their credit cards.

SBI Card offers the following balance transfer ...