What is Balance Transfer? | Updated

A balance transfer allows you to transfer the ‘credit card balance’ that you owe in one bank to the other bank. This service allows you to reduce the interest (17.5% per year) that you are paying the banks to as low as 0% for 3 months. However, please take note that the ‘0% for 3 months’ will expire after three months and the interest will return to 17.5% per year.

The following are some of the *balance transfer programs available:

Balance Transfer Rates
Balance Transfer Tenure
0% per month
12 months
0% per rmonth
6 months
Hong Leong
0.5 % per month
6 months
3% onetime interest charge
12 months
5.99% per year
12 months

Please check with the banks for updates.


Popular posts from this blog

Best 6 Retirement Villages in Malaysia 2022

10 Government Grants for Small Business Malaysia 2022

10 Best E Wallets in Malaysia 2022

6 Best Cloud Kitchens in Kuala Lumpur and Selangor 2021 / 2022

Best 7 Executive MBAs in Malaysia 2022

Top 17 SEO Companies in Malaysia: Price and Reviews 2022

20 Best Medical Cards in Malaysia 2022

How to create NFT in Malaysia 2022

Bitcoin ATMs in Malaysia 2022

Best Medical Insurance for Senior Citizens Malaysia 2022