Citibank

Citibank Balance Transfer Plan

Enjoy interest savings when you transfer your credit card debts to a brand new Citibank credit card, at an effective interest rate of 18% p.a. for up to 12 months.

Low Interest Plans

Transfer your debt now to enjoy special low interest fees each month!

Citibank Balance Transfer Plan
Pay OverWith Interest Rate AtWhen You Transfer
12 months4.87% p.a. and no one-time upfront handling feefrom RM1000

Fees & Charges

There are always fees but how much are they?

Minimum monthly payment
5% of outstanding amountof outstanding amount
Early Termination Fee
None

How To Apply for Citibank Balance Transfer Plan

Stay afloat in the vast ocean of your credit card debts

Frequently Asked Questions about Citibank Balance Transfer Plan

Things you might want to know

How does Citibank’s Balance Transfer Plan work?

Citibank Balance Transfer Plan allows you to transfer all or part of your outstanding balance from other credit cards to your Citibank credit card at an effective interest rate of up to 8.99% p.a. for 12 months.

The minimum transfer amount is RM1,000, while the maximum amount will be subject to your available credit limit and Citibank's discretion.

Do I get any benefits from this balance transfer. Any cash back or reward points?

Unfortunately, you won’t be eligible for benefits like cashback or rewards points for your balance transfer with Citibank.

Am I given the option of paying a minimum monthly payment?

There's a minimum monthly payment option of 5% of the outstanding balance you will be required to pay.

How much do I save?

Compared to a normal financing charge of 18% p.a. for 12 months, you can save a significant amount in Interest charges!

Illustration of Accumulated Amount of Interest Charges incurred per annum (p.a.):

Outstanding BalancesNormal Finance Charge @18% p.a. for 12 monthsBalance Transfer @8.99% p.a. for 12 monthsSAVINGS
RM4,000RM594RM286RM308
RM8,000RM1,188RM572RM616

What happens if I fail to make repayment before the monthly due date?

In this case, your credit card will be charged daily interest of 18% p.a. (or 1.5% per month) on the unpaid minimum monthly amount due. 

On the other hand, if you fail to settle your outstanding balance in full before the end of the repayment period, 18% p.a. interest will be imposed on the outstanding balance.

Can I settle my credit card debts early?

Yes, you can. There is no early settlement fee for this balance transfer plan!

Read More

Apply online now for Citibank Balance Transfer Plan

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