Balance transfer

Balance Transfer allows you to transfer your other bank credit card outstanding balances to your Liv Credit Card and convert it into easy installments at nominal interest rate.

• A minimum transfer of AED 1,000 should be applied
• The Balance Transfer should not be more than 90% of your available credit limit

There are no miles or reward points on a Balance Transfer amount.

You can choose to repay the Balance Transfer installments in 6, 12, 18, 24, 36, or 48 months.

You will get a managers cheque against the other bank’s credit card number for the amount of balance transfer requested. Customers can present this check to clear the outstanding amount with the other bank.

If you fail to pay installments for two consecutive months, your plan will be automatically foreclosed. The entire outstanding Balance Transfer amount will immediately be due for payment in full. Any remaining outstanding balance will attract our regular finance charges.

You should settle all your active plans before you close your credit card. Else your credit card closure request will be rejected.

Please chat with us to prepay the amount in full, so that the agent can process the foreclosure request appropriately. If you prepay without chatting with us the plan will remain active even after full payment. So please ensure you inform an agent about the prepayment and the foreclosure request

You can not activate the balance transfer before activating the card.

EMI calculation and illustration

Below is a sample calculation with for 12 months Balance Transfer for 10,000 AED with 1.59673% pm (APR – 19.161%)