Enjoy ZERO interest rates for up to 1 year by transferring your outstanding credit card balance to BSN Balance Transfer Programme.
How does this BSN Balance Transfer Programme work?
BSN Balance Transfer Programme offers repayment periods of up to 48 months or a maximum of 4 years. To enjoy the 0% interest rate, you’ll have to take part in the 6-months balance transfer plan. But do note that there's also a small 1.99% one-time upfront fee when you choose the 6-month plan.
For the 12-month plan, you'll get 0% interest but there's a one-time upfront fee of 3.99%.
If you're keen on a longer tenure such as 36-months or 48 months, you'll get 3.99% and 4.99% interest respectively.
What is the minimum transfer amount?
The amount will depend on the repayment period. For a 6-months and 12-month programme, the minimum transfer amount is RM500.
You’ll have to transfer a minimum of at least RM1,000 for the 24-month programme, RM2,000 for the 36-month programme and RM3,000 for the 48-month programme.
Additionally, the maximum transfer amount is up to 80% of your available BSN credit limit.
Who can apply for this BSN BT plan?
Only the principal BSN credit cardholders are allowed to apply for the BSN Balance Transfer Programme.
In other words, if you are a credit card holder with another bank, you can consolidate your outstanding credit card balance and transfer it to your BSN credit card.
What is the minimum amount for monthly repayment?
Besides full monthly repayments, there's another option of minimum monthly repayment at 5% of the total outstanding amount.
However, if you choose to repay the minimum amount of 5% or part of the credit card outstanding balance, the remaining balance (including the balance of the Balance Transfer monthly instalment amount, if any) is subject to the prevailing credit card interest rates.
What if I terminate my Balance Transfer before the tenure ends?
In the event of early termination of the Balance Transfer plan, the whole balance of the instalment amount which includes the outstanding principal and interest will be charged to the cardholder’s credit card account.