What is a credit card balance transfer?

Question

Accepted Answer

Credit card balance transfer is the process of transferring owed balance from one credit card account to another. Upon carrying out this process, the debt is owed to the new card issuer as opposed to the original card issuer.

Fee & other Parameters	Zen
Joining Fees	1499
Annual Fees	999
Condition for waiver of Joining Fees	NA
Condition for waiver of Annual Fees - First Year	Annual Retail Spends of ₹1,00,000
Condition for waiver of Annual Fees - Second Year	Annual Retail Spends of ₹1,00,000
Add-on card Fees	0
Interest Charges on outstanding Balances	3.75% pm (Annualized 45%) w.e.f. 01st June 2025
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)	1% of TAD w.e.f. 01st June 2025
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance	2.5% on advance amount , subject to minimum of ₹500
Late Payment Charges ("LPC")	Outstanding Balance	LPC Charges
	<₹100	0
	>₹100-₹500	100
	>₹500-₹5,000	500
	>₹5000-₹10,000	600
	>₹10,000-₹25,000	800
	>₹25,000-₹50,000	1000
	>₹50,000	1200
Over Limit Charge	500
Cheque Bounce Charges	2% on bounce amount, subject to minimum of ₹500
Standing Instruction Failure / Auto-debit return fee	2% of the bounce/outstanding card, with minimum of ₹450, to a maximum of ₹5000 w.e.f. 01st June 2025
Foreign Currency Mark Up	3.5%
Railway Booking Surcharge (1.8%/2.5% on transaction amount)*	Waived
Fuel Surcharge (1% on transaction)**	Waived
Fee for Cash payment at Bank	100
Outstation Cheque Processing Fee	Waived
Reissue/ Replacement Card (per issuance)	100
Charge Slip Request	Waived
Machine Surcharge at ATMs	Waived
Balance Enquiry Charges at Non Parent Bank ATM	Waived
Duplicate Statement Request	Waived
Web Pay Service Fee	Waived
Please note, w.e.f. 01st June 2025, 1% transaction charge will be applicable on
Wallet Load and Online skill-based gaming platform	Total spends exceeding ₹10,000 per statement cycle
Fuel	Total spends exceeding ₹35,000 per statement cycle
Utility	Total spends exceeding ₹50,000 per statement cycle
Education	Spends made via third-party apps (For example: PhonePe, Cred, Mobikwik, etc) Transactions made directly through educational institution websites or their card-swipe machines will not incur this fee
Rent	All spends made on Rent (this charge is applicable since before 01st June 2025)

Royale Signature Credit Card

Fees & Charges

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Frequently Asked Questions

What is a credit card balance transfer?

Royale Signature Credit Card

Fees & Charges

Compare this product with other Kotak Credit Cards

Frequently Asked Questions

What is a credit card balance transfer?

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