Extend the repayments of your outstanding credit card balance by up to 3 years! With RHB Smart Move Balance Transfer, you get to save money while clearing your remaining credit balance.
How does RHB Smart Move Balance Transfer work?
From 1 January 2024 until 31 December 2024, the RHB Smart Move Balance Transfer offers 0% interest rates per annum for a 12-month tenure. To participate in this promotional rate, the eligible minimum transfer amount is RM1,000 up to RM30,000* subject to the credit limit of your new RHB Credit Card/-i account. Terms and conditions apply.
On the other hand, if you wish to apply for a different tenure, this Balance Transfer plan comes with interest rates ranging from 4.88% to 6.88% per annum when you transfer existing debts from other bank's credit cards to an RHB credit card. You can choose a tenure that meets your repayment capability, whether 6, 24 or 36 months, with a minimum amount you can transfer is RM1,000.
Can I skip my monthly instalments?
You should exercise precaution in meeting your financial obligations as skipping even a month on your monthly instalment will cost you not only a prevailing interest charge of 18% p.a. on your outstanding balance but also a 1% fee (or a maximum of RM100, whichever is higher) for late payment on your balance transfer account.
That's not all, late payment can also reflect poorly on your credit history, as captured in the CCRIS / CTOS, which could potentially affect your loan application.
Are there any fees when I settle my debts early?
Luckily for you, there is no early settlement fee with RHB Smart Move Balance Transfer. So you can always settle your outstanding balance if you find enough cash on hand.
