It's always a good idea to keep the outstanding balance of your credit card on the lowest interest rate where possible. Which is why Citibank offers you the Citibank Balance Transfer via Instalment Plan!
What is Citibank Balance Transfer via Instalment Plan?
With Citibank Balance Transfer via Instalment Plan, you can consolidate all the balances from other credit cards to one Citibank credit card and enjoy low interest fees. With flexible monthly instalment tenures of 6 to 36 months, you can choose a comfortable repayment period which fits your needs.
You’ll have to transfer at least RM1,000 to make this balance transfer work for you, while the maximum you can transfer will depend on your credit limit.
Can I pay more on my monthly repayments?
Citibank Balance Transfer via Instalment Plan offers fixed monthly instalment. So if you make an excess payment, your oustanding debt will not be reduced but will be treated as advance payment.
What if I fail to make my repayments?
In the event that you fail to pay your monthly instalment for 3 months or more, a higher interest rate will be charged upon your outstanding balance. Would you want to risk going back to square one with high credit card interest charges?
What are my options for early settlement?
If you decide to settle your credit balance before half the tenure to maturity, an early settlement fee of RM100 will be charged to you.
Am I eligible to collect rewards from balance transfer repayment?
Unfortunately, no rewards or cash back is offered for this balance transfer plan.