Looking for a balance transfer plan which helps you save, while following the financial principles mandated by the teachings of Islam? Then Maybank Islamic Ikhwan Card Balance Transfer is the Islamic balance transfer plan for you.
What is this balance transfer about?
Similar to Maybank Balance Transfer Program, you can consolidate the outstanding balance from up to 3 different credit cards to you Islamic balance transfer plan. The minimum transfer amount is RM1,000 for 6, 9 and 12-month tenures, and RM2,000 for 24 and 36 months.
For the 12-month Balance Transfer plan with 0% profit rate, you are required to pay a one-time upfront fee of 3%. If you need to stretch your repayment terms further, other tenures are offered at profit rates from 4.5% p.a. with no upfront charges.
Can supplementary card holder apply for a balance transfer?
Only principal card members are eligible to apply for Maybank Islamic Ikhwan Card Balance Transfer, whether you are a new or existing Maybank credit card holder.
What if I fail to make required monthly instalment payment?
In this case, Maybank will revert your balance transfer to a tiered interest rate of 15% p.a. to 18% p.a.
Do I need to make a minimum monthly payment?
If you are unable to make your monthly repayments in full, try to make minimum repayments of at least 5% of the outstanding amount to avoid forfeiting your special balance transfer interest rate.