BSN To Revise Late Payment Charges On Credit Cards From 25 Oct

Samuel Chua

22nd September 2025 - 2 min read

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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Samuel Chua

Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.