RHB Smart Move Balance Transfer

1. To apply, you can choose to call RHB Customer Care Centre at 03 9206 8118 and request to apply for the RHB Smart Move Balance Transfer.
2. You can SMS BTCX to 66300 and a Customer Care personnel will help you with the application.
3. If you choose to download and complete the application form in your own time, you can email it to [email protected] along with a copy of the other bank's latest credit card statement.
4. Besides that, you can choose to walk in to the nearest RHB brances to speak to their friendly staff on duty to apply for this balance transfer plan. 

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?

Until 30 June 2020, RHB Smart Move Balance Transfer offers effective interest rates ranging from 8.50% to 9.29% p.a. for up to 36 months when you transfer existing debts from other banks' credit cards to an RHB credit card. 

The interests applicable on your transferred amount will be charged a one-off 4.99% per annum. You can choose a tenure that meet your repayment capability, whether 6, 12, 18, 24 or 36 months, with a minimum amount you can transfer is RM1,000.

What if I don't make monthly repayments in full?

If you're facing difficulty with keeping track of your monthly budget, you can always choose to make a minimum repayment amount, which is calculated as 5% of your total outstanding balance.

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 / RAMCI, 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.