Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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    AmBank Balance Transfer

    With AmBank Balance Transfer, you can you can easily clear your debts fast by transferring them to another credit cards. AmBank Balance Transfer programme charges lower rates on credit card balance transfer and offers flexible repayments tenures with nominal management fees? By using this balance transfer service offered by AmBank, you can transfer a part or all your debt from one credit card to another. This helps you save money by saving on credit card interest payments. AmBank offers three balance transfer plans for credit cards which are Plan A, Plan B and Plan C.

    Key features of AmBank Balance Transfer or AmBank AM Transfer:

    The AmBank AM Transfer service comes with a lot of attractive features. Listed below are the main features of AM Transfer:

    • It offers attractive rates of interest on balance transfer that starts from 4.99%.
    • No set up fees is required.
    • You can pay over within 24mnths.
    • You don’t have to pay one-time upfront handling fee.
    • You pay over period starts from
    • Minimum monthly repayment required is RM50 or 5% of your outstanding amount.

    Benefits of AmBank Balance Transfer or AmBank AM Transfer:

    A credit card holder can enjoy the following benefits by opting for AmBank AM Transfer:

    • You can transfer your balance form one credit card to another without facing any hassle.
    • You have the choice to among a wide variety of credit cards. You can choose between 31 cards.
    • Enjoy long pay over period.
    • Enjoy flexible monthly repayments and lower interest rates.

    AmBank Balance Transfer Interest rates

    The following interest rates are applicable for the three different balance transfer plans offered by AmBank:

    Plan names Interest Rate Repayment tenure Minimum Transfer amount
    A 4.99% 6 months RM1000
    B 8.99% 12 months RM5000
    C 8.99% 24 months RM5000

    *** The above-mentioned interest charged by AmBank on credit transfer are subject to change from time to time.

    How to apply AmBank Balance Transfer

    You can apply for AmBank AM Transfer by following the below mentioned steps:

    • First, download the application from of AM Transfer by visiting the AmBank Website.
    • Fill the application form and choose a repayment tenure as per your choice.
    • Print the filled application form and fax the completed application form to the bank supported by all required documents.

    AmBank Balance Transfer and Quick Cash

    Now, you can save a lot with AmBank's Balance transfer Quick Cash program. Transfer your cards outstanding balance to your AmBank Credit Card without paying any processing fees.

    Benefits:

    • Get lower interest rates on your monthly interest rates
    • Management fees of 5.88% flat rate annually.

    Offer Validity: The offer would remain valid till 31st December, 2016.

    How to apply: You can apply for it by visiting the nearest branch of AmBank or calling them. It’s a simple and hassle free period.

    AmBank Balance Transfer FAQ’s

    1. What is the minimum transfer amount allowed under AM Transfer?

    2. The minimum transfer amount depends on the repayment tenure you choose. For example, if you choose a repayment tenure of 6 months, your minimum repayment tenure will be RM1000.

    3. What is the early termination fees applicable on AM Transfer?

    4. An amount of RM100 is applicable on AM Transfer.

    5. What is interest rate applicable, if I opt for a 6 month pay over period?

    6. The applicable interest rate will be 4.99% p.a.

    7. If I opt for a 12 month loan repayment tenure, what is the maximum transfer I can do?

    8. You can do a maximum transfer of RM5000.

    9. What is the minimum interest rates charged on AmBank AM Transfer?

    10. The minimum interest rate starts from 4.99%.

    11. What if I fail to repay my monthly dues on time? Do I need to pay any penalty?

    12. You don't have to pay any direct penalty fees. But, you will not be able to enjoy the special balance transfer interest rates which is as low as 4.99%.

    13. How much interest payment do I need to make, if I transfer RM5000 for 24 months?

    14. You need to pay 8.99% p.a., if you transfer RM5000 for 24 months.

    15. Do I need to pay any upfront handling fees for transferring credit?

    16. No, you don’t have to pay upfront handling fees for transferring credit by using AmBank AM Transfer facility.

    Other Bank Balance Transfer Plans

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