AAIB Logo
phoneIcon19555

Balance Transfer

Balance Transfer is a service offered to AAIB credit cardholders from Visa and Mastercard whereby AAIB pays off the outstanding balance on the customer’s credit cards from other banks issued in Egypt through transferring the balance from the AAIB credit card . Apply for the service through AAIB branches.

Features and benefits:
  1. The minimum amount for balance transfer facility is EGP 1,000
  2. The customer can pay off the outstanding balance on several credit cards with other banks issued in Egypt through transferring the balance from the AAIB credit card
  3. The amount transferred must not exceed 50% of the credit card limit of the AAIB credit card
The bank provides one of the following options to choose from to pay the amount credit for the balance transfer service (only one option):
  1. Grace period of three months without interest calculated from the date of transferring the balance from your credit card to your credit cards issued by other banks with the possibility of paying the full amount of the transferred balance within three months without interest or expenses
  2. Three months free of interest payment plan where you will be liable to pay 3 equal instalments without fees on the amount charged to the credit card under the Balance Transfer program, provided that the instalments are paid on time
  3. Six months free of interest payment plan where you will be liable to pay 6 equal instalments with 8.5% processing fees paid upfront on the amount charged to the credit card under the Balance Transfer program, provided that the instalments are paid on time
  4. Instalment plan from 6 to 60 months with interest as per the published easy instalment rates
lock