the total limit available in the new card. The cardholder shouldn’t have failed to pay the minimum amount due under both the cards during the time of transfer. Some cards do offer the option of paying the amount transferred in EMIs like the SBI credit card.
Under extreme cases when the debt hits the ceiling, the best option would be to repay the entire amount with a personal loan. Personal loans do offer lower interest rates when compared to credit cards and are better manageable with regular EMIs. But credit card dues need not be paid always through the personal loan route, a controlled spending pattern and a well planned repayment strategy would ensure a well managed debt. The credit card should be used as an instrument to leverage cash flows, and this depends on how we develop the habit of spending responsibly and prudently.