The AFFINBANK Balance Transfer instalment Plan is an opportunity to facilitate AFFINBANK credit card members to be able to transfer other Banks outstanding balances to AFFINBANK and enjoy competitive interest charges as low as 0%. Note that the plan has validity dates authorised by the bank. Please check the dates before you apply for the same.
The AFFINBANK Balance Transfer instalment Plan is a balance transfer programme that allows you to transfer your outstanding balances from other credit card/charge card to AFFIN Credit Card. Transfer your outstanding balances today to enjoy:
The following table shows how the plan works in various tenures:
|Tenure||% (One time upfront charges)||Minimum transfer|
The minimum monthly payment is RM50 or 5% of outstanding amount. Also, early settlement fee is chargeable at RM 100.
The penalty chargeable for such a case is RM100 if the Balance Transfer amount was fully paid or if the credit card was cancelled before the tenure has been completed.
If someone does fail to make their monthly instalments, the whole purpose of taking up a balance transfer with a lower interest rate will be defeated. In such a case, Tiered interest rates of 9.99% or 17.5% p.a. will be levied on the overdue or outstanding amount not paid in full.
No. There is no bonus advantaged offered for the balance transfer transaction.
Balance transfer application form can be obtained at any AFFINBANK branches and online as well. The form can be submitted through any AFFINBANK branches near the applicant with the required documents. They can also fax the details and documents to AFFINBANK Cards Business at 03-7804 0750.
Successful Balance Transfer instalment Plan is immediately reflected in the card member’s credit card monthly statement. Card members are also advised to check their credit card monthly statement at a regular basis.