If you're approved for the transfer, the credit card company you're transferring the balance to will contact your old credit card company and pay off the balance. A Balance Transfer involves transferring the existing balance(s) on your current credit cards, store cards or loans to a new Citibank Credit Card. With over 200 years of experience, Citi offers an array of investing, banking and loan products that range from high-yield savings accounts to mutual funds, home loans and personal loans. During the application process you’ll see an option to transfer a balance from an existing credit card account. Discover it Cash Back vs. Citi Diamond Preferred: Which is best for a balance transfer? The amount you transfer plus the associated fees can’t exceed the available credit limit of your Citi credit card. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. how we make money. % – % variable APR, based on your creditworthiness1, % Intro APR on balance transfers for months; after that the variable APR will be % – %, based on your creditworthiness1 Balance transfer fee of either $ or % of the amount of each transfer, whichever is greater1, Balance transfers just got simpler with the Citi Simplicity® Card that features a low introductory rate on balance transfers and purchases for new accounts. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. To take advantage of the introductory APR on a Citi balance transfer card you must transfer balances within the first four months of opening … Bankrate’s editorial team writes on behalf of YOU – the reader. The Citi® Double Cash Card – 18 month BT offer is a great choice for a cashback card and Not only do a few of these cards let you secure an introductory period with zero percent APR for up to 18 months or more, but some come with cash back and other desirable perks. Citibank may amend these Terms, including the BT interest rate applicable to funds transferred by this Program, at any time without prior notice. for up to 12 months. You also can't transfer balances from financial institutions/stores outside of Australia. Call the number on the back of your card and have your other account information handy. % Intro APR on purchases and balance transfers for months; after that the variable APR will be % - %, based on your creditworthiness1 Balance transfer fee of either $ or % of the amount of each transfer, whichever is greater1, Balance transfer fee of either $ or % of the amount of each transfer, whichever is greater1. With Citi, your balance transfer will take up to three weeks to complete, so keep a watch on your old account and make payments until it shows zero balance. Plus, the Citi Rewards+℠ Card automatically rounds up to the nearest 10 points on every purchase, making it easy to turn everyday spending into rewards. Transfer high-interest balances from your other cards to the Citi® Diamond Preferred® Card and take some time to enjoy a low-interest lifestyle. But this compensation does not influence the information we publish, or the reviews that you see on this site. - 0% interest with low processing fee - Flexibility in monthly repayment Balance Transfer on Citibank Ready Credit You cannot move a balance from one Citi credit card to another. Before deciding on any card, do your research to be sure it fits your financial needs. Read MoreRead More, Transferring a balance from higher interest credit cards to a new card with a lower APR can help you manage your debt, Compare our cards below to find the best credit card for transferring a credit card balance.Read Less. But multiple credit cards can also lead to multiple debts which might become difficult to pay back if you do not manage your credit smartly. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. Citibank Balance Transfer on your Credit Cards or Ready Credit account helps you shrink your interest payments and maximize your interest savings substantially. It can mean big savings by reducing the interest charged on your existing card balance - along with streamlining the number of cards you hold. Depending on your creditworthiness Citi may only approve a certain percentage of the transfer amount you request. Citibank.co.kr is the global source of information and the main access to financial services provided by the Citigroup family of companies. Here’s an explanation for : In addition to being welcomed with an introductory zero percent interest period on balance transfers, this card gives you access to 15,000 bonus rewards points after spending $1,000 in your first 3 months. Compare Citi balance transfer offers + how to do it | finder.com Save money on interest charges with a balance transfer using one of Citi`s cards that features a low intro APR. With increased use of credit cards people often prefer to have multiple credit cards so that they can enjoy multiple benefits. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. You can enjoy attractive interest rates on your transferred amount starting from 6.75% p.a. Credit card balance transfers work to reduce interest payments as you drive down your overall credit card debt. Save money on interest charges with a balance transfer using one of Citi`s cards that features a. To take advantage of the introductory APR on a Citi balance transfer card you must transfer balances within the first four months of opening the account. Balance Transfer Offer: zero percent APR on balance transfers for the first 15 months (variable 13.49 to 23.49 percent thereafter), Balance Transfer Fee: 3 percent (minimum $5), Rewards: 2X Citi ThankYou Points at supermarkets and gas stations (up to the first $6,000 per year, then 1X), plus 1X points on all other purchases. A credit card balance transfer can be defined as the transfer of one credit card balance amount to another, this can be seen as a method employed by many lenders (banks) to get customers to use or shift to another credit card like Citibank credit cards. : Offering 21 months interest-free on balance transfers, this card features one of the most generous balance transfer welcome periods on the market. Ready credit balance transfer plan allows you to transfer your Citi Ready Credit line to instant cash within your approved credit limit & get it by the next business day. After that, the variable APR will be % - %, based on your creditworthiness.1, % Intro APR for months. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. This balance transfer amount shall be for at least S$500 and must be in Singapore dollars. Citi Balance Transfer is an installment facility where select Citi Cardholders of good credit standing who qualify for Citi Balance Transfer may apply to transfer to his Card his outstanding credit card balances with other banks and pay the same, together with applicable interest and other fees, on installment basis ("Installment Transaction"). FREE No withdrawal/cash transferred fee is applied. 5. By taking advantage of an introductory 0% p.a. At Bankrate we strive to help you make smarter financial decisions. We do not include the universe of companies or financial offers that may be available to you. Citibank balance transfer is a credit card installment plan that lets you transfer credit card outstanding balances from other bank to Citi with lower interest rates & affordable monthly instalments. Earn bonus points after you spend $ in purchases with your card within the first months. editorial integrity, this post may contain references to products from our partners. 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