The credit cards offered by Affin Bank come with a balance transfer instalment plan (BTiP). The facility lets you transfer a portion of credit limit assigned to your Affin Bank credit card onto other bank credit cards. The facility allows you to make the repayment in a range of flexible tenures with a maximum limit of 36 months.
The following table consists of the interest rates associated with the balance transfer plan:
|Repayment Tenure||Interest rate (one-time)||Minimum amount required|
|6 months||2% p.a.||RM1,000|
|12 months||4% p.a.||RM1,000|
|18 months||5% p.a.||RM2,000|
|24 months||6% p.a.||RM2,000|
|36 months||7% p.a.||RM3,000|
The benefits associated with the balance transfer plan are as follows:
To complete the balance transfer application process, you can go with any of the following ways:
The following are the terms and conditions of the balance transfer plan:
Q. What are the documents I need to present at the time of Affin Bank balance transfer application?
A. You are required to submit the following documents:
Q. What is the minimum repayment tenure I can choose with this facility?
A. The minimum tenure you can opt for with this facility is 6 months.
Q. Is there any fee or charge related to the early settlement of this facility?
A. Yes, in cases where you choose to pay the entire amount before the tenure ends, you are required to pay a penalty of RM100.
Q. What if I cancel my Affin Bank credit card during the facility’s tenure?
A. You will be required to pay a penalty of RM100 in such cases.
Q. Can I get AFFIN bonus if I use this facility?
A. No. You cannot earn AFFIN bonus with this facility.
Q. What are the charges I have to bear if I do not pay the full amount due?
A. If you do not pay the entire due amount, you will be charged at a rate of 9.99% p.a. to 17.5% p.a.
Q. How do I contact the bank regarding any query related to the plan?
A. You can contact the bank via any of the following channels: