• ANZ Credit Card Balance Transfer

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    ANZ Credit Card Balance Transfer

    What is Credit Cards Balance Transfer Facility

    You can avail the balance transfer facility to transfer the balance or the money owed from one credit card to another credit card account of a different bank offering this facility. By doing so, you now use the amount that you have received from the balance transfer to settle your credit card bill once and for all. This is a highly effective way to save a lot of money because when comparing the interest rate structure of credit cards with that of balance transfer, the latter has much lower rate of interest. This is because most financial institutions are offering promotional interest rates to attract new customers to avail this facility. They are also offering additional benefits that may include bonus gifts for registration and also interest free periods. Using the balance transfer facility, you can save significantly.

    ANZ Credit card Balance Transfer Facility

    ANZ bank or The Australia and New Zealand Banking Group Limited is a front runner in the Asia-Pacific region. It is the largest bank in New Zealand and among the top three banks in Australia. ANZ was founded as a result of the merger of Union Bank of Australia Limited and the Bank of Australasia in 1951. ANZ bank is the first bank in the world to introduce digitized banking solutions in the 1960s for data processing in Melbourne with the use of computer systems. Its international expansion started in Solomon Islands in 1966. While constantly expanding, they have finally set foot onto the emerging economies of the world including China, Indonesia, India and Vietnam. The bank inaugurated their global headquarters in 2009 in Melbourne Docklands, Australia. This is one of the largest office complexes in Australia. In 1970, in what was termed as the biggest merger in the history of banking in Australia, ANZ Bank merged with the English, Scottish and Australian Bank Limited.

    Using the ANZ balance transfer facility, you can transfer your balance from any other credit card or line of credit to your ANZ credit card at very minimal interest rates. The interest rate structure starts as low as 0% for the first 6 months.

    ANZ Credit card Balance Transfer Rates and Charges

    For a tenure of 6 months and for SGD 10,000

    Note – The values below have been simplified and illustrated for better understanding

      New Customer Existing Customer
    Processing Fee SGD 100 SGD 300
    Interest of 25% p.a. using other credit cards SGD 1250 SGD 1250
    ANZ Balance Transfer Interest Rate SGD 0 SGD 0
    YOUR SAVINGS SGD 1150 or 92% SGD 950 or 76%

    Applying for ANZ Credit Card Balance Transfer

    • Contact ANZ’s 24 hour customer service number available on their website.
    • Contact ANZ’s credit card specialist.

    ANZ Credit card Balance Transfer Terms and Conditions

    • The promotional rates for new customers is valid only for a limited period.
    • 3% processing fee will be charged up front to your credit card for each approved balance transfer application.
    • For further terms and conditions or details on ANZ balance transfer facility, contact ANZ bank customer service or visit their website.
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