Tired of only making small payments on your credit card debt each month? Enjoy low interest rates on your outstanding balance with AmBank Balance Transfer Payment Plan.
How does the AmBank Balance Transfer Payment Plan work?
Transfer your outstanding credit card balance from other banks to your AmBank credit card with this Balance Transfer Payment Plan.
You'll get benefit from their attractive interest rates as low as 4.88% per annum and flexible repayment tenures of up to 60 months when you transfer a minimum of RM1,000. Plus, not upfront fees!
Cardholders can enjoy competitive upfront interest rates as per below:
- 4.88% per annum: For 6 and 12 months
- 5.88% per annum: For 24 and 36 months
- 6.88% per annum: For 48 and 60 months
A long as your minimum transfer amount is RM1,000, you're a good to go with this AmBank Balance Transfer Payment Plan.
I'm an existing AmBank credit card cardholder. Can I apply for this balance transfer plan?
Yes, of course you can! This balance transfer plan is available to all principal credit card cardholder issued by any banks as long as your account are still valid and have sufficient limit at the point of application.
Is there an option for minimum monthly repayments?
Cardholder’s minimum payment must be paid in full depend on the monthly instalment amount. If the current minimum payment cannot be settle in full by the payment due date, the Cardholder will be subject to finance charges or management fee at the rate of 1.5% per month calculated daily based on the outstanding statement balance.
What if I fail to repay within the period?
If the cardholder fails to make minimum payment for three (3) or more consecutive months by the due dat, the credit card will be cancel and the balance transfer plan will be terminated. The remaining balance will be charge to the Card account with payment due by the spesified due date.
Is there any extra charges if I want to make an early settlement my repayment?
If you decide to terminate the balance transfer plan, you will need to pay an early settlement fee of RM100. This fee applicable to all credit card except AmBank TRUE Visa Card, AmBank BonusLink Visa Card and AmBank M-Card.
The one-time interest rate or management fee billed is also non-refundable under any circustances. Both the early settlement fee and the one-time interest rate/management fee will be charged to the Cardholder's Card Account.
View the terms and conditions here.
