Balance Transfer
Financial freedom with low interest rate and smaller installments

• What is a Balance Transfer option with a Credit Card?

  Balance transfer (BT) is a program that allows you to transfer your outstanding balance(s) from any other bank to your Emirates NBD Credit Card.

• Who can apply for a Balance Transfer on a Credit Card?

  Balance transfer is open to all Emirates NBD Credit Card Primary holders.

• What is the maximum 'Balance Transfer' that I can avail?

  You can avail a maximum up to 90% of your available Credit Card limit. The amount varies based on your eligibility & the available Credit Card limit.

• Are there any charges that apply for a 'Balance Transfer' on my Credit Card?

  Any applicable fees on the 'Balance Transfer' facility is determined by Emirates NBD and will be charged on the plan. Fees are subject to changes on periodic basis. Please click here for more information.

• What is the applicable interest rate to avail a 'Balance Transfer' facility?

  Balance Transfer interest is a flat monthly interest rate determined by Emirates NBD and shall be charged on the conversion. The interest rates are subject to changes on periodic basis and is also based on Card usage and overall performance.

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• What is a Balance Transfer option with a Credit Card?

  Balance transfer (BT) is a program that allows you to transfer your outstanding balance(s) from any other bank to your Emirates NBD Credit Card.

• Who can apply for a Balance Transfer on a Credit Card?

  Balance transfer is open to all Emirates NBD Credit Card Primary holders.

• What is the maximum 'Balance Transfer' that I can avail?

  You can avail a maximum up to 90% of your available Credit Card limit. The amount varies based on your eligibility & the available Credit Card limit.

• Are there any charges that apply for a 'Balance Transfer' on my Credit Card?

  Any applicable fees on the 'Balance Transfer' facility is determined by Emirates NBD and will be charged on the plan. Fees are subject to changes on periodic basis. Please click here for more information.

• What is the applicable interest rate to avail a 'Balance Transfer' facility?

  Balance Transfer interest is a flat monthly interest rate determined by Emirates NBD and shall be charged on the conversion. The interest rates are subject to changes on periodic basis and is also based on Card usage and overall performance.

• How do I apply for a 'Balance Transfer' to my Credit Card?

  To avail this program, please contact our 24/7 call center at 600 54 0000 and our phone banking advisor will assist you in processing your request

• What is the timeframe to process a Balance Transfer?

  Balance Transfer requests require 2-3 working days after which it will be reflected on your Credit Card statement.

• What are the tenure options available for Balance Transfer on a Credit Card?

  You can choose to repay your Balance Transfer installment amounts for 12, 18, 24, 36, or 48 months.

• Is there a minimum amount to apply for a Balance Transfer to my Credit Card?

  A minimum amount of AED 1000 is required to apply for a balance transfer on your applicable Credit Card.

• What happens if I fail to make payments towards my existing 'Balance Transfer' plan?

  A monthly installment has to be paid towards your Balance Transfer. However, if you fail to repay your installments for two consecutive months, your plan will automatically be foreclosed. Your entire outstanding balance from the Balance Transfer amount will immediately be due for payment in full. The remaining outstanding balance will then attract our regular finance charges.

• Can I cancel my existing 'Balance Transfer' plan on my Credit Card, and if yes, will I be charged?

  You can choose to prepay or foreclose your existing Balance Transfer plan by contacting our call center on 600540000. A foreclosure fee of 1% of the principal outstanding plus a 5% VAT, will be applicable.

• Are there any Early Settlement Charges?

  Yes on early settlement, a foreclosure fee of 1% of the principal outstanding plus 5% VAT, will be applicable for each plan.

• Can I amend the payment plan on my existing 'Balance Transfer' plan on my Credit Card?

  You can choose to amend your Balance Transfer plan. However, a foreclosure fee of 1% of the principal outstanding plus 5% VAT will be applicable, and your remaining outstanding can be re-booked for the new plan you wish to select.

• What will happen to the 'Balance Transfer' plan if I prepay the conversion amount?

  Your Balance Transfer plan will remain active. If the prepayment is done with an intention to cancel the plan, you are required to contact our call center at 600 54 0000 and request for a cancellation. Upon cancellation, the prepayment will be adjusted towards the Balance Transfer outstanding and a foreclosure fee of 1% of the principal outstanding plus 5% VAT will be applied.

• What happens if I close my Credit Card while a 'Balance Transfer' plan exists?

  When your Credit Card cancellation is processed, all active plans on the Card will automatically be closed, a foreclosure fee and remaining outstanding balance will be due for payment in full.