Balance Transfer on card
Balance Transfers on Card allow you to move an unpaid balance from your other credit card to Citi Credit Card , potentially saving money on interest.
This can help you pay down your debt without accruing as much interest, at least during the promotional period – but you may also pay a fee for making the initial transfer.
- No fixed instalments, repay comfortably as a part of your card’s minimum due balance each month.
- Enjoy repayment at a low rate during the selected campaign period.
- Repay full statement amount whenever you like without any early settlement fee.
- Balance transfer amount will be transferred directly to your beneficiary credit card account.
- The balance transfer amount that you choose will be blocked from your existing Citi Credit Card limit and will release with each payment you make.
- Minimum due for Balance Transfer on Card will be added to the total card minimum due amount and shall be due for payment. It will appear in your next card statement after availing of the balance transfer on card offer.
- The Minimum due of the outstanding Balance transfer on card amount along with applicable interest rate, will be billed to the Citibank credit card account monthly similar to a normal retail purchase and are subject to the applicable Finance charges (fees or interest rate) if you pay/ had paid less than the minimum amount due indicated on your current or previous monthly statements of account on or before the payment due date.
- Interest will start accruing from the day Balance Transfer on card is booked unlike other credit card spends.
- After the end of campaign period, remaining/outstanding Balance Transfer on card amount will become subject to retail interest rate of your credit card as per the SOCs.
SMS 'BTF' to 2484 (CITI).
You may be required to submit the following documents:
- Up-to-date proof of income.
- Up-to-date proof of identity.
| Other bank Credit Cards | Citi Balance Transfer | |
|---|---|---|
| Reducing Balance Interest Rate (%) p.a. | AED xxx (41% p.a.) | X% |
| prcessing fee | 0% | AED xxx y% |
Total Savings: AED
*Citi Balance Transfer interest rate applicable till , after which any outstanding amount will become subject to the then prevailing retail interest rate.**The results shown above are for illustrative purposes only. Actual amounts are subject to individual assessment and T&Cs.
Warning: Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
Warning: You may have to pay penalties if you pay off a loan/financing early. Should you choose to do early-settlement or cancel your installment plan before the chosen tenor, please call Citiphone on 04-3114000 to place the request. Please note that upon early settlement, a 1% early settlement fee exclusive of VAT will be charged on the principal outstanding amount, and due interest will be charged till the date the loan is active.
Warning: If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future. Installment amount will form a part of your monthly statement and will be added to your minimum amount due. In case you pay less the minimum due the installment amount will be subject to finance charges. If you miss payment for over 60 consecutive days from the last payment made, the entire outstanding amount of loan will become part of entire card outstanding and standard interest rate as mentioned in the Schedule of Charges shall be applicable.