friend i have a hdfc and sbi credit card , in order to manage my debt i wnat to consolidate both cards onto one low-interest card , is it possible? if so how? pls guide.

You know the joke about using a MasterCard to pay off the Visa bill? It's sorta like that.

In some cases, you can tell the credit card company, when you sign up, that you want to transfer balances, and they will handle it for you. In other cases, the credit card company will send you blank drafts that you can use to pay off the other cards yourself, the drafts being charged to your new card.

Generally, those drafts carry a significantly higher interest rate, but the sign-up transfer does not.

Best way to do it? Call the new CC company, and ask how.

Most credit cards will give you two options to transfer balances. First, they will give you convenience checks that you can fill out just like a check from your bank account to send to your other credit card company to pay off the balance. Just make sure that it is considered a balance transfer and not a cash advance. Cash advances on credit cards are usually at a higher interest rate and do not help you.

Second, many credit card companies can now transfer balances electronically. Check and see if your company will do this. If so, all you need to do is give them the credit card information from the card you want to pay off and they do the rest.

Most credit cards will give you two options to transfer balances. First, they will give you convenience checks that you can fill out just like a check from your bank account to send to your other credit card company to pay off the balance. Just make sure that it is considered a balance transfer and not a cash advance. Cash advances on credit cards are usually at a higher interest rate and do not help you.

Second, many credit card companies can now transfer balances electronically. Check and see if your company will do this. If so, all you need to do is give them the credit card information from the card you want to pay off and they do the rest.

Most credit cards will give you two options to transfer balances. First, they will give you convenience checks that you can fill out just like a check from your bank account to send to your other credit card company to pay off the balance. Just make sure that it is considered a balance transfer and not a cash advance. Cash advances on credit cards are usually at a higher interest rate and do not help you.

Second, many credit card companies can now transfer balances electronically. Check and see if your company will do this. If so, all you need to do is give them the credit card information from the card you want to pay off and they do the rest.

You can either use your lowest-interest card (as long as it's below 10%), or take advantage of one of those many offers you might get in the mail for low or 0% interest cards.

If you use one of your existing cards, call the credit card customer service number. They'll send you 'checks' to use. Write a check for the balance on your higher-rate card, and pay it off. The balance will go directly to your lower-rate card. Sometimes you can even negotiate a deal with one of the banks you have a card with, in terms of lowering the rate or increasing the credit limit. (If you've reached the credit limit on your cards, you can't consolidate them.)

If it's an offer you get in the mail, be sure the interest rate offer is for a decent period of time, say a year or more. Sometimes it says "permanent zero balance on transfers." Sign up for the new, low-rate card, and check the box that says you want to make a 'balance transfer.' Sometimes they have a place on the form where you can give the information on the balance tranfer, and they take care of it. Sometimes they send checks you can use to transfer the balance. It depends on the company. They're ALL hoping you'll use the card for new purchases and increase your debt ... DON'T DO IT!

Whichever you do, don't use the credit card for ANYTHING else. The zero interest rate usually only applies to the balance transfers. If you put new charges on the card, the rate could be as much as 15% ... and payments you make will only go to the balance transfer, so interest rates will keep piling up on the new purchases, and you'll be even more in debt. This may sound strange, but you can freeze the card in a container of water, and keep it in the refrigerator. That makes it pretty hard to use!

You can either use your lowest-interest card (as long as it's below 10%), or take advantage of one of those many offers you might get in the mail for low or 0% interest cards.

If you use one of your existing cards, call the credit card customer service number. They'll send you 'checks' to use. Write a check for the balance on your higher-rate card, and pay it off. The balance will go directly to your lower-rate card. Sometimes you can even negotiate a deal with one of the banks you have a card with, in terms of lowering the rate or increasing the credit limit. (If you've reached the credit limit on your cards, you can't consolidate them.)

If it's an offer you get in the mail, be sure the interest rate offer is for a decent period of time, say a year or more. Sometimes it says "permanent zero balance on transfers." Sign up for the new, low-rate card, and check the box that says you want to make a 'balance transfer.' Sometimes they have a place on the form where you can give the information on the balance tranfer, and they take care of it. Sometimes they send checks you can use to transfer the balance. It depends on the company. They're ALL hoping you'll use the card for new purchases and increase your debt ... DON'T DO IT!

Whichever you do, don't use the credit card for ANYTHING else. The zero interest rate usually only applies to the balance transfers. If you put new charges on the card, the rate could be as much as 15% ... and payments you make will only go to the balance transfer, so interest rates will keep piling up on the new purchases, and you'll be even more in debt. This may sound strange, but you can freeze the card in a container of water, and keep it in the refrigerator. That makes it pretty hard to use!

You can either use your lowest-interest card (as long as it's below 10%), or take advantage of one of those many offers you might get in the mail for low or 0% interest cards.

If you use one of your existing cards, call the credit card customer service number. They'll send you 'checks' to use. Write a check for the balance on your higher-rate card, and pay it off. The balance will go directly to your lower-rate card. Sometimes you can even negotiate a deal with one of the banks you have a card with, in terms of lowering the rate or increasing the credit limit. (If you've reached the credit limit on your cards, you can't consolidate them.)

If it's an offer you get in the mail, be sure the interest rate offer is for a decent period of time, say a year or more. Sometimes it says "permanent zero balance on transfers." Sign up for the new, low-rate card, and check the box that says you want to make a 'balance transfer.' Sometimes they have a place on the form where you can give the information on the balance tranfer, and they take care of it. Sometimes they send checks you can use to transfer the balance. It depends on the company. They're ALL hoping you'll use the card for new purchases and increase your debt ... DON'T DO IT!

Whichever you do, don't use the credit card for ANYTHING else. The zero interest rate usually only applies to the balance transfers. If you put new charges on the card, the rate could be as much as 15% ... and payments you make will only go to the balance transfer, so interest rates will keep piling up on the new purchases, and you'll be even more in debt. This may sound strange, but you can freeze the card in a container of water, and keep it in the refrigerator. That makes it pretty hard to use!

You can either use your lowest-interest card (as long as it's below 10%), or take advantage of one of those many offers you might get in the mail for low or 0% interest cards.

If you use one of your existing cards, call the credit card customer service number. They'll send you 'checks' to use. Write a check for the balance on your higher-rate card, and pay it off. The balance will go directly to your lower-rate card. Sometimes you can even negotiate a deal with one of the banks you have a card with, in terms of lowering the rate or increasing the credit limit. (If you've reached the credit limit on your cards, you can't consolidate them.)

If it's an offer you get in the mail, be sure the interest rate offer is for a decent period of time, say a year or more. Sometimes it says "permanent zero balance on transfers." Sign up for the new, low-rate card, and check the box that says you want to make a 'balance transfer.' Sometimes they have a place on the form where you can give the information on the balance tranfer, and they take care of it. Sometimes they send checks you can use to transfer the balance. It depends on the company. They're ALL hoping you'll use the card for new purchases and increase your debt ... DON'T DO IT!

Whichever you do, don't use the credit card for ANYTHING else. The zero interest rate usually only applies to the balance transfers. If you put new charges on the card, the rate could be as much as 15% ... and payments you make will only go to the balance transfer, so interest rates will keep piling up on the new purchases, and you'll be even more in debt. This may sound strange, but you can freeze the card in a container of water, and keep it in the refrigerator. That makes it pretty hard to use!

You can either use your lowest-interest card (as long as it's below 10%), or take advantage of one of those many offers you might get in the mail for low or 0% interest cards.

If you use one of your existing cards, call the credit card customer service number. They'll send you 'checks' to use. Write a check for the balance on your higher-rate card, and pay it off. The balance will go directly to your lower-rate card. Sometimes you can even negotiate a deal with one of the banks you have a card with, in terms of lowering the rate or increasing the credit limit. (If you've reached the credit limit on your cards, you can't consolidate them.)

If it's an offer you get in the mail, be sure the interest rate offer is for a decent period of time, say a year or more. Sometimes it says "permanent zero balance on transfers." Sign up for the new, low-rate card, and check the box that says you want to make a 'balance transfer.' Sometimes they have a place on the form where you can give the information on the balance tranfer, and they take care of it. Sometimes they send checks you can use to transfer the balance. It depends on the company. They're ALL hoping you'll use the card for new purchases and increase your debt ... DON'T DO IT!

Whichever you do, don't use the credit card for ANYTHING else. The zero interest rate usually only applies to the balance transfers. If you put new charges on the card, the rate could be as much as 15% ... and payments you make will only go to the balance transfer, so interest rates will keep piling up on the new purchases, and you'll be even more in debt. This may sound strange, but you can freeze the card in a container of water, and keep it in the refrigerator. That makes it pretty hard to use!

You can either use your lowest-interest card (as long as it's below 10%), or take advantage of one of those many offers you might get in the mail for low or 0% interest cards.

If you use one of your existing cards, call the credit card customer service number. They'll send you 'checks' to use. Write a check for the balance on your higher-rate card, and pay it off. The balance will go directly to your lower-rate card. Sometimes you can even negotiate a deal with one of the banks you have a card with, in terms of lowering the rate or increasing the credit limit. (If you've reached the credit limit on your cards, you can't consolidate them.)

If it's an offer you get in the mail, be sure the interest rate offer is for a decent period of time, say a year or more. Sometimes it says "permanent zero balance on transfers." Sign up for the new, low-rate card, and check the box that says you want to make a 'balance transfer.' Sometimes they have a place on the form where you can give the information on the balance tranfer, and they take care of it. Sometimes they send checks you can use to transfer the balance. It depends on the company. They're ALL hoping you'll use the card for new purchases and increase your debt ... DON'T DO IT!

Whichever you do, don't use the credit card for ANYTHING else. The zero interest rate usually only applies to the balance transfers. If you put new charges on the card, the rate could be as much as 15% ... and payments you make will only go to the balance transfer, so interest rates will keep piling up on the new purchases, and you'll be even more in debt. This may sound strange, but you can freeze the card in a container of water, and keep it in the refrigerator. That makes it pretty hard to use!

You can either use your lowest-interest card (as long as it's below 10%), or take advantage of one of those many offers you might get in the mail for low or 0% interest cards.

If you use one of your existing cards, call the credit card customer service number. They'll send you 'checks' to use. Write a check for the balance on your higher-rate card, and pay it off. The balance will go directly to your lower-rate card. Sometimes you can even negotiate a deal with one of the banks you have a card with, in terms of lowering the rate or increasing the credit limit. (If you've reached the credit limit on your cards, you can't consolidate them.)

If it's an offer you get in the mail, be sure the interest rate offer is for a decent period of time, say a year or more. Sometimes it says "permanent zero balance on transfers." Sign up for the new, low-rate card, and check the box that says you want to make a 'balance transfer.' Sometimes they have a place on the form where you can give the information on the balance tranfer, and they take care of it. Sometimes they send checks you can use to transfer the balance. It depends on the company. They're ALL hoping you'll use the card for new purchases and increase your debt ... DON'T DO IT!

Whichever you do, don't use the credit card for ANYTHING else. The zero interest rate usually only applies to the balance transfers. If you put new charges on the card, the rate could be as much as 15% ... and payments you make will only go to the balance transfer, so interest rates will keep piling up on the new purchases, and you'll be even more in debt. This may sound strange, but you can freeze the card in a container of water, and keep it in the refrigerator. That makes it pretty hard to use!