• Best Balance Transfer Credit Cards of 2018

    Best Credit Cards for Balance Transfer

    Balance transfer cards help to pay your card debt by allowing you to transfer your outstanding balance to a new card with low interest rates. Most banks offer balance transfer programmes with multiple plans. Such features allow you to choose a transfer plan that meets your financial needs.

    Best Malaysian banks’ balance transfer (BT) schemes 2018

    Updated on 9th May 2018

    Bank Name
    Tenure
    Minimum Transfer Amount
    Interest Rate
    Know More
    BSN

    3 months to 36 months

    RM500 to RM2,000

    3.6% to 4.5% p.a.

    12 months to 36 months

    RM1,000 to RM20,000

    5.99% p.a.

    6 months and 12 months

    RM1,000

    1.99% to 6.99% p.a.

    RHB

    12 months to 24 months

    RM1,000

    4% to 10.99% p.a.

    6 months and 12 months

    RM1,000

    5.99% to 7.99% p.a.

    6 months and 12 months

    RM1,000

    2% to 4% p.a.

    UOB

    Reducing Balance Plan - 6 months to 18 months. Fixed-Pay Plan - 6 months and 12 months

    RM1,000

    Reducing Balance Plan -7.77% to 7.99% p.a. Fixed-Pay Plan - 3.3% to 6% p.a.

    BSN Balance Transfer

    BSN offers 6 different balance transfer plans and a long repayment tenure.

    Additional Points Description
    Key Benefits
    • Choose from 6 different plans.
    • No processing fee is required.
    • Longer repayment period of up to 36 months.
    Eligibility
    • Available to primary and supplementary cardholders. Supplementary cardholders can apply with prior consent from the principal cardholders.
    Bottom Line
    • BSN Balance Transfer Programme offers you different plans to choose from according to your needs.

    Standard Chartered Balance Transfer

    Standard Chartered Bank offers a flexible balance transfer repayment tenure and allows you to transfer a high amount.
    Additional Points Description
    Key Benefits
    • Apply easily for this programme without any need for supporting documents.
    • Enjoy a flexible range of repayment tenure.
    • Pay a low monthly instalment amount by choosing a long tenure.
    Eligibility
    • Available only to primary cardholders.
    Bottom line
    • Transfer up to maximum RM20,000 across different repayment periods including 12, 18, 24 or 36 months.

    HSBC Balance Transfer

    HSBC offers 4 balance transfer plans at low interest rates.
    Additional Points Description
    Key Benefits
    • Choose from 4 different plans.
    • Transfer funds up to 60% of your approved credit limit.
    Eligibility
    • Available only to primary cardholders who have the card for more than 180 days.
    Bottom Line
    • Enjoy low-interest rates until you clear your balance transfer dues.

    RHB Balance Transfer

    RHB offers 3 balance transfer plans for a long repayment tenure.
    Additional Points Description
    Key Benefits
    • Choose from 3 different plans.
    • Transfer funds up to 80% of your approved credit limit.
    Eligibility
    • Available to all RNB card members.
    Bottom Line
    • The RHB Smart Move Balance Transfer offer allows you transfer your due at 4% p.a. for a period of 12 months. This offer is valid till 31 December 2018.

    CIMB Balance Transfer

    CIMB offers 2 repayment tenure for balance transfer at low interest rates.
    Additional Points Description
    Key Benefits
    • Enjoy flexible monthly repayment options.
    • No need to produce any supporting documents.
    • Transfer funds up to 80% of your approved credit limit.
    Eligibility
    • Available to all principal cardholders. Not applicable to CIMB Islamic cardholders.
    Bottom Line
    • The CIMB Bank Balance Transfer Programme allows you to clear your balance transfer dues before the maturity date. There is no lock-in period or any early settlement charge.

    OCBC Balance Transfer

    OCBC offers 2 types of repayment tenures for balance transfer.
    Additional Points Description
    Key Benefits
    • Transfer funds up to 90% of your approved credit limit.
    • Save up to 60% in interest charges.
    Eligibility
    • Available to all OCBC credit cardholders.
    Bottom Line
    • OCBC Balance Transfer Programme allows you to settle your balance before the maturity date. There is no early settlement charge.

    UOB Balance Transfer

    UOB offers 2 balance transfer plans and allows you to choose your repayment amount.
    Additional Points Description
    Key Benefits
    • Choose from 2 different plans.
    • Enjoy flexible tenures of up to 18 months.
    • Transfer funds up to 80% or 100% of your approved credit limit.
    Eligibility
    • Available to all new and existing UOB primary cardholders.
    Bottom Line
    • The UOB Balance Transfer Programme allows you to choose a fixed amount or decide your own repayment amount.

    Choose the Best Balance Transfer Card

    Balance transfer plans allow you to consolidate all your debts in one card. Do not worry about paying different interest rates on different cards. Some cards allow you to settle your balance transfer early without any additional fees. Compare all cards to choose one that fits your financial needs especially your outstanding dues on other cards. If you are looking for specific cards with balance transfer plans, compare various credit cards to make your choice.

    BBazaar's Best Balance Transfer Credit Cards of 2018

    Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

    Credit Card Minimum Transfer Amount
    BSN

    Amount: RM500 to RM2,000

    Interest Rate: 3.6% to 4.5% p.a.

    Standard Chartered

    Amount: RM1,000 to RM20,000

    Interest Rate: 5.99% p.a.

    HSBC

    Amount: RM1,000

    Interest Rate: 1.99% to 6.99% p.a.

    RHB

    Amount: RM1,000

    Interest Rate: 4% to 10.99% p.a.

    CIMB

    Amount: RM1,000

    Interest Rate: 5.99% to 7.99% p.a.

    OCBC

    Amount: RM1,000

    Interest Rate: Reducing Balance Plan -7.77% to 7.99% p.a. Fixed-Pay Plan - 3.3% to 6% p.a.: 2% to 4% p.a.

    UOB

    Amount: RM1,000

    Interest Rate:Reducing Balance Plan -7.77% to 7.99% p.a. Fixed-Pay Plan - 3.3% to 6% p.a.

    Looking for More

    Pick Up the Other Best Credit Card Category You May Like

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.