Pay Off Your Credit Card Debt With Bank Islam’s Special 0% Balance Transfer Campaign

Eloise Lau

17th May 2024 - 2 min read

If you ever find yourself saddled with credit card debt, repaying what you owe can become a challenge. After all, the profit rates charged on the outstanding balance on your card can inflate your balance faster than you can repay them, given that they can usually be up to 18% p.a.

As such, managing credit card debt more efficiently can save you a considerable amount as you clear them off. A balance transfer plan allows you to transfer the outstanding balance from one credit card to another and repay them in instalments at a lower profit rate. When used responsibly, balance transfer plans not only help you clear credit card debt more efficiently, it also eases potential cash flow issues, giving you more breathing room to spend on essentials on a daily basis.

Take Control With Bank Islam’s Special 0% Balance Transfer Campaign

From 13th May 2024, Bank Islam is running a Special 0% Balance Transfer Campaign, which allows Bank Islam Credit Card-i Cardmembers to tap into its first-ever 0% profit rate Balance Transfer Campaign with a 12-month tenure period. Here are a few reasons why the program stands out:

1. 0% Profit Rate

At a 0% profit rate, say goodbye to high credit card charges and hello to a hassle-free repayment plan. With Bank Islam’s Campaign, you can consolidate outstanding balances from credit cards from other banks without the worry of profit charges piling up over time.

2. No Handling Fees

Bank Islam believes in simplicity and transparency. That’s why it has eliminated handling fees, making it a truly fee-free solution to managing credit card debt.

3. Free Takaful Coverage

As part of Bank Islam’s commitment to your financial well-being, it provides complimentary takaful coverage on outstanding balances. This coverage offers you peace of mind, knowing that your financial obligations are protected in unforeseen circumstances.

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The Bank Islam Special 0% Balance Transfer Campaign will be available to eligible Bank Islam Credit Card-i Cardmembers, including Gold, Platinum, and Premier (World Mastercard & Visa Infinite). These fully Shariah-compliant cards offer a wide range of benefits, from annual fee waivers to complimentary travel personal accident coverage and family takaful.

Learn more about Bank Islam’s Special 0% Balance Transfer Campaign here.

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Eloise Lau

As a creative content writer, Eloise has covered finance, business, lifestyle topics, and even moonlights as a singer-songwriter outside of RinggitPlus. Her current interests are learning the best ways to optimise spending and credit card hacks to gain more airline miles.

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