Bank Simpanan Nasional (BSN) has announced a revision to the terms and conditions for late payment charges on its credit cards. The change will take effect on 25 October 2025.

The update applies to both Islamic and conventional credit cards, with adjustments to how late payment fees are calculated.

Islamic Credit Cards

For Islamic cards, the compensation charge, also known as Ta’widh, will be revised. Currently, customers are charged a minimum of RM10 or one per cent of the outstanding balance as at the statement date, whichever is higher, capped at RM100.

From 25 October, the minimum RM10 charge will be removed. Cardholders will be charged one per cent of the outstanding balance as at the statement date, up to a maximum of RM100.

Conventional Credit Cards

The same change applies to conventional credit cards. At present, customers are charged a minimum of RM10 or one per cent of the outstanding balance, whichever is higher, subject to a maximum of RM100.

From the effective date, the revised terms will be one per cent of the outstanding balance as at the statement date, capped at RM100.

Updates And Notifications

BSN has stated that any updates to the effective date or further changes to the terms and conditions will be published on its official website.

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• TAGS:
• Bank Simpanan Nasional
• BSN
• BSN Islamic
• Credit Cards
• Fees
• Late Payment Charges