{"id":447,"date":"2021-10-26T15:20:27","date_gmt":"2021-10-26T11:20:27","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=447"},"modified":"2021-10-26T16:18:29","modified_gmt":"2021-10-26T12:18:29","slug":"5-balance-transfer-credit-cards","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/","title":{"rendered":"Top 6 Best Balance Transfer Credit Cards in UAE for October 2021"},"content":{"rendered":"<p>https:\/\/moneymall.ae\/credit-blog\/stories\/balancetransfercreditcards<\/p>\n<h1><span class=\"ez-toc-section\" id=\"What_is_a_balance_transfer_credit_card\"><\/span>What is a balance transfer credit card?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>A Balance Transfer credit card allows you to transfer your outstanding credit card debt balance of one bank to another bank&#8217;s credit card, banks promote these features to attract new customers by offering 0% Intrest rates for shorter terms like 3 to 6 months or reduced interest rates with easy installment plans till 36 months to clear off your debt.<\/p>\n<p><span style=\"font-weight: 400;\">Best Balance transfers credit cards are helpful when you want to transfer all your credit card balances and consolidate them into one credit card. This makes it easy for you to manage them without a hassle and saves you big in interest payments.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Here_is_the_list_of_best_balance_transfer_credit_cards_in_the_UAE_that_you_can_hold\"><\/span><span style=\"font-weight: 400;\">Here is the list of <strong><a href=\"https:\/\/moneymall.ae\/best-credit-card-in-uae\/#Best_Balance_Transfer_Credit_Card_in_UAE\">best balance transfer credit cards<\/a><\/strong> in the UAE that you can hold.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3aea0347946\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3aea0347946\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#What_is_a_balance_transfer_credit_card\">What is a balance transfer credit card?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#Here_is_the_list_of_best_balance_transfer_credit_cards_in_the_UAE_that_you_can_hold\">Here is the list of best balance transfer credit cards in the UAE that you can hold.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#1_Citi_Premier_Credit_Card\">1. Citi Premier Credit Card:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#2_Commercial_Bank_of_Dubai_World_MasterCard\">2. Commercial Bank of Dubai World MasterCard:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#3_Emirates_NBD_MasterCard_Titanium_Credit_Card\">3. Emirates NBD MasterCard Titanium Credit Card:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#4_HSBC_Advance_Credit_Card\">4. HSBC Advance Credit Card:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#5_Mashreq_Platinum_Elite_Credit_Card\">5. Mashreq Platinum Elite Credit Card:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#6_RAK_Bank_Red_Credit_Card\">6. RAK Bank Red Credit Card:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#Tips_to_keep_in_mind_before_making_a_balance_transfer_of_a_credit_card\">Tips to keep in mind before making a balance transfer of a credit card<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#Is_it_a_good_idea_to_do_a_balance_transfer_on_a_credit_card\">Is it a good idea to do a balance transfer on a credit card?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/#How_does_a_balance_transfer_credit_card_work\">How does a balance transfer credit card work?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"1_Citi_Premier_Credit_Card\"><\/span><span class=\"m-bottom-0 header-3 hero display-text text-light ng-star-inserted\">1. <a href=\"http:\/\/moneymall.ae\/city-bank-credit-card\/\">Citi Premier Credit Card<\/a>: <\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Transfer your balance, Turn big payments like rent, school fees into installments with your Citi Credit Card, Get Instant cash at a click of a button, Earn Flexible points that work for you!<\/p>\n<figure id=\"attachment_482\" aria-describedby=\"caption-attachment-482\" style=\"width: 335px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/moneymall.ae\/credit-blog\/5-best-balance-transfer-credit-cards-in-uae\/citi_premier_card_335x226_04052020\/\" rel=\"attachment wp-att-482\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-482 size-full\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/06\/Citi_Premier_Card_335x226_04052020.png\" alt=\"Citi Balance Transfer Credit Cards\" width=\"335\" height=\"226\" \/><\/a><figcaption id=\"caption-attachment-482\" class=\"wp-caption-text\">Citi Balance Transfer Credit Cards<\/figcaption><\/figure>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><b>Annual Fee: <\/b><span style=\"font-weight: 400;\">1st year Annual Fee Waiver; AED 750 for the following years.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Minimum Income Required: 15,000 <\/b><span style=\"font-weight: 400;\">AED<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div style=\"text-align: center;\">[epcl_button label=&#8221;Apply Now&#8221; url=&#8221;https:\/\/moneymall.ae\/apply-now&#8221; type=&#8221;flat&#8221; color=&#8221;light-blue&#8221; size=&#8221;regular&#8221; icon=&#8221;fa-arrow-circle-o-right&#8221; target=&#8221;_self&#8221; rel=&#8221;dofollow&#8221;][\/epcl_button]<\/div>\n<h2><span class=\"ez-toc-section\" id=\"2_Commercial_Bank_of_Dubai_World_MasterCard\"><\/span><b>2. <a href=\"http:\/\/cbd.ae\" target=\"_blank\" rel=\"noopener\">Commercial Bank of Dubai<\/a> World MasterCard: <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b><span style=\"font-weight: 400;\">This CBD Credit Card promises to award a world of experiences and amazing opportunities for its customers. It offers various benefits such as airport lounge access, Chip &amp; Pin protection, CBD rewards, balance transfer, and many more. The balance transfer facility on this credit card is available in two options- revolving and regular balance transfer.<\/span><\/b><\/p>\n<p><a href=\"https:\/\/moneymall.ae\/credit-blog\/5-best-balance-transfer-credit-cards-in-uae\/commercial-bank-of-dubai-world-mastercard\/\" rel=\"attachment wp-att-483\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-483\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/06\/Commercial-Bank-of-Dubai-World-MasterCard.jpg\" alt=\"\" width=\"401\" height=\"260\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Annual Fee: <\/b><span style=\"font-weight: 400;\">750 AED<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Minimum Income Required: <\/b><span style=\"font-weight: 400;\">40,000 AED<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\">[epcl_button label=&#8221;Apply Now&#8221; url=&#8221;https:\/\/moneymall.ae\/apply-now&#8221; type=&#8221;flat&#8221; color=&#8221;light-blue&#8221; size=&#8221;regular&#8221; icon=&#8221;fa-arrow-circle-o-right&#8221; target=&#8221;_self&#8221; rel=&#8221;dofollow&#8221;][\/epcl_button]\n<h2><span class=\"ez-toc-section\" id=\"3_Emirates_NBD_MasterCard_Titanium_Credit_Card\"><\/span><b>3. <a href=\"http:\/\/emiratesnbd.com\" target=\"_blank\" rel=\"noopener\">Emirates NBD<\/a> MasterCard Titanium Credit Card: <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b><span style=\"font-weight: 400;\">With the Emirates NBD Credit Card, you can take advantage of a host of benefits and features. These include airport lounge access, golf privileges, reward points, various discounts, and much more. It can be classified amongst the best balance transfer credit cards in the entire United Arab Emirates. There is a cancellation fee of three percent of the outstanding principal or 250 AED charged on balance transfers.<\/span><\/b><\/p>\n<p><a href=\"https:\/\/moneymall.ae\/credit-blog\/5-best-balance-transfer-credit-cards-in-uae\/emirates-nbd-titanium-master-card\/\" rel=\"attachment wp-att-484\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-484\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/06\/Emirates-NBD-Titanium-Master-Card.png\" alt=\"Emirates NBD Titanium Master Card\" width=\"491\" height=\"325\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Annual Fee: <\/b><span style=\"font-weight: 400;\">400 AED<\/span><\/li>\n<li><b>Minimum Income Required: <\/b><span style=\"font-weight: 400;\">5,000 AED<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\">[epcl_button label=&#8221;Apply Now&#8221; url=&#8221;https:\/\/moneymall.ae\/apply-now&#8221; type=&#8221;flat&#8221; color=&#8221;light-blue&#8221; size=&#8221;regular&#8221; icon=&#8221;fa-arrow-circle-o-right&#8221; target=&#8221;_self&#8221; rel=&#8221;dofollow&#8221;][\/epcl_button]\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_HSBC_Advance_Credit_Card\"><\/span><b>4. <a href=\"https:\/\/hsbc.ae\" target=\"_blank\" rel=\"noopener\">HSBC<\/a> Advance Credit Card: <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b><span style=\"font-weight: 400;\">This HSBC Credit Card offers Air Mile Rewards, a free HSBC Entertainer App, a huge range of lifestyle and travel benefits, which include airport lounge access, hotel discounts, and more. You can avail of the facility of balance transfer on this card at a rate of interest as low as zero percent.<\/span>\u00a0<\/b><\/p>\n<p><a href=\"https:\/\/moneymall.ae\/credit-blog\/5-best-balance-transfer-credit-cards-in-uae\/hsbc-advance-platinum-credit-card\/\" rel=\"attachment wp-att-485\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-485\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/06\/HSBC-advance-platinum-Credit-Card.jpg\" alt=\"\" width=\"482\" height=\"307\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Annual Fee: <\/b><span style=\"font-weight: 400;\">Zero<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Minimum Income Required: <\/b><span style=\"font-weight: 400;\">15,000 AED<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\">[epcl_button label=&#8221;Apply Now&#8221; url=&#8221;https:\/\/moneymall.ae\/apply-now&#8221; type=&#8221;flat&#8221; color=&#8221;light-blue&#8221; size=&#8221;regular&#8221; icon=&#8221;fa-arrow-circle-o-right&#8221; target=&#8221;_self&#8221; rel=&#8221;dofollow&#8221;][\/epcl_button]\n<h2><span class=\"ez-toc-section\" id=\"5_Mashreq_Platinum_Elite_Credit_Card\"><\/span><b>5. <a href=\"http:\/\/mashreq.ae\" target=\"_blank\" rel=\"noopener\">Mashreq<\/a> Platinum Elite Credit Card: <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><b><span style=\"font-weight: 400;\">The Mashreq Credit Card helps you in enjoying the advantages which include a wide range of benefits that complement your lifestyle needs, be it shopping, travel, dining, sports, or adventure, or any other leisure and entertainment options.<\/span><\/b><b><\/b><\/li>\n<\/ul>\n<p><b><\/b>In addition to all these privileges, you can also enjoy hassle-free balance transfer as it includes features like purchase protection and an extended warranty. There are fixed installments with a maximum period of 36 months. The Mashreq Bank allows you to transfer a maximum of 75 percent of the available credit limit.<\/p>\n<p><a href=\"https:\/\/moneymall.ae\/credit-blog\/5-best-balance-transfer-credit-cards-in-uae\/mashreq-bank-elite-platinum-card-master-visa\/\" rel=\"attachment wp-att-486\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-486\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/06\/mashreq-bank-elite-platinum-card-master-visa.png\" alt=\"\" width=\"930\" height=\"350\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Annual Fee: <\/b><span style=\"font-weight: 400;\">650 AED<\/span><\/li>\n<li><b>Minimum Income Required: <\/b><span style=\"font-weight: 400;\">10,000 AED<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\">[epcl_button label=&#8221;Apply Now&#8221; url=&#8221;https:\/\/moneymall.ae\/apply-now&#8221; type=&#8221;flat&#8221; color=&#8221;light-blue&#8221; size=&#8221;regular&#8221; icon=&#8221;fa-arrow-circle-o-right&#8221; target=&#8221;_self&#8221; rel=&#8221;dofollow&#8221;][\/epcl_button]\n<h2><span class=\"ez-toc-section\" id=\"6_RAK_Bank_Red_Credit_Card\"><\/span><b>6. RAK Bank Red Credit Card: <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b><span style=\"font-weight: 400;\">You can pay less for all your shopping with the discounts on this RAKBank Credit Card. This free-for-life credit card (credit cards that have no annual fee) allows you to save time through contactless technology. It lets you stay protected with features like travel accident insurance, purchase protection, credit shield, and more.<\/span><\/b><\/p>\n<p><span style=\"font-weight: 400;\">It also lets you easily transfer money using RAKMoney Transfer. You can avail of the balance transfer facility at zero percent interest for the initial 3 months on the outstanding balance. Thereafter, it charges an interest rate of 3.19% per month. You will also be charged a processing fee of 1.95%.<\/span><\/p>\n<p><a href=\"https:\/\/moneymall.ae\/credit-blog\/5-best-balance-transfer-credit-cards-in-uae\/rak-bank-red-credit-card\/\" rel=\"attachment wp-att-487\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-487\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/06\/RAK-BANK-RED-CREDIT-CARD.jpg\" alt=\"\" width=\"243\" height=\"207\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>\u00a0Annual Fee: <\/b><span style=\"font-weight: 400;\">Zero<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Finance Charge: <\/b><span style=\"font-weight: 400;\">3.45% per month<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\">[epcl_button label=&#8221;Apply Now&#8221; url=&#8221;https:\/\/moneymall.ae\/apply-now&#8221; type=&#8221;flat&#8221; color=&#8221;light-blue&#8221; size=&#8221;regular&#8221; icon=&#8221;fa-arrow-circle-o-right&#8221; target=&#8221;_self&#8221; rel=&#8221;dofollow&#8221;][\/epcl_button]\n<h2><span class=\"ez-toc-section\" id=\"Tips_to_keep_in_mind_before_making_a_balance_transfer_of_a_credit_card\"><\/span><b>Tips to keep in mind before making a balance transfer of a credit card<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><b>Proper research: <\/b><span style=\"font-weight: 400;\">You must always begin your search for the best credit card for balance transfers with a lot of solid research. There are a lot of amazing deals on the market if you only know where to look. For instance, HSBC and Standard Chartered banks are offering a zero percent balance transfer for 6 months to selected customers who fulfil their eligibility criteria.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Interest Rates: <\/b><span style=\"font-weight: 400;\">Your interest rates are the most important and the most crucial aspect of your credit card. Not every card is created equal. The rate of interest in every credit card is different and hence you need to read the fine print carefully before you sign up for the credit card. Balance transfers also carry a nominal fee charged by the bank on all transfers. Make sure that you look at these interests as well to not be surprised when they are charged to your account and are reflected in your monthly account statement.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Read the fine print: <\/b><span style=\"font-weight: 400;\">In order to simplify the situation, it is better to read the fine print before you sign up for any credit card. Do not sign on the application form or anywhere else unless you read all the terms and conditions and know exactly what it is you\u2019re signing up for. Reading the terms and conditions on the fine print of every feature and benefits offered by the balance transfer facility is very important for you as a customer.<\/span><\/li>\n<\/ul>\n        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Is_it_a_good_idea_to_do_a_balance_transfer_on_a_credit_card\"><\/span>Is it a good idea to do a balance transfer on a credit card?<span class=\"ez-toc-section-end\"><\/span><\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tYes, It is definitely a good idea to transfer your outstanding balances on which you pay high interest every month to a Zero percent or low-cost instalment option to clear off your debt.                     <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"How_does_a_balance_transfer_credit_card_work\"><\/span>How does a balance transfer credit card work?<span class=\"ez-toc-section-end\"><\/span><\/h2>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tIts the same credit card with a feature of transferring your high interest outstanding to low-interest instalments, in simple words, A <b>balance transfer<\/b> is when you repay existing outstanding credit card debt with a new <b>credit card<\/b>                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t\n<script type=\"application\/ld+json\">\n    {\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Is it a good idea to do a balance transfer on a credit card?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Yes, It is definitely a good idea to transfer your outstanding balances on which you pay high interest every month to a Zero percent or low-cost instalment option to clear off your debt.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"How does a balance transfer credit card work?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Its the same credit card with a feature of transferring your high interest outstanding to low-interest instalments, in simple words, A <b>balance transfer<\/b> is when you repay existing outstanding credit card debt with a new <b>credit card<\/b>\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t    ]\n}\n<\/script>\n\n<p>&nbsp;<\/p>\n<div class=\"text\">\n<div class=\"text\">\n<div class=\"text\">\n<div id=\"mntl-sc-block_1-0-54\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<div class=\"text\">\n<pre>Original Post Date : Jun 8, 2020 , Updated on : Oct 26, 2021<\/pre>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/moneymall.ae\/credit-blog\/stories\/balancetransfercreditcards What is a balance transfer credit card? A Balance Transfer credit card allows you to transfer your outstanding credit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[256,257,69,72,255,60,84,83,258],"class_list":["post-447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards","tag-0-balance-transfer","tag-0-emi","tag-balance-transfer","tag-balance-transfer-credit-card","tag-best-balance-transfer-credit-cards","tag-credit-card","tag-credit-card-uae","tag-credit-cards","tag-easy-pay"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=447"}],"version-history":[{"count":14,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/447\/revisions"}],"predecessor-version":[{"id":2270,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/447\/revisions\/2270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/448"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}