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.
  • Credit Card BYTES FROM OUR KITCHEN

    BSN Balance Transfer

    If you have a lot of outstanding credit card debt, the BSN Balance Transfer Programme is for you. Consolidate and pay off your outstanding debt at 0% interest for up to 12 months.

    With this facility, you can transfer all your outstanding debt from other credit cards onto your BSN Credit Card account, and pay it off without it accruing any interest (depending on the transfer plan you choose). The worst part about outstanding debt is that it keeps growing larger and larger and becomes a seemingly endless and vicious cycle of repayments, leaving you with stress and almost no money for yourself.

    Features of BSN Balance Transfer Programme

    • Absolutely no processing fees.
    • Repayment plans are flexible, depending your personal requirements and range from 3 months to 3 years.
    • All your credit card debt from any bank can be brought under one single statement and cleared off at one shot, without having to deal with many banks.
    • Payments can be made through any BSN ATM / CDM or Bank Branch.
    • Consolidation of debt is more efficient than dealing with multiple interest rates and repayment policies of many banks.
    • There is 0% interest on certain repayment plans.
    • There is a minimum monthly payment amount of 5% of the total outstanding balance.
    • There is no early termination fee.

    Consolidation and repayment tenure options

    There are 6 plans available under the BSN Balance Transfer Program, as listed in the below table:

    Tenure Option Balance Transfer Rates (charged monthly) Minimum Transfer Amount Transfer / handling fees
    3 months 0.30% RM500 RM0
    6 months 0.30% RM1,000 RM0
    9 months 0.30% RM1,000 RM0
    12 months 0% for the first 6 months, and 0.30% for subsequent months. RM1,000 RM0
    24 months 0% for the first 12 months, and 0.375% for the subsequent months. RM1,000 RM0
    36 months 0.375% RM2,000 RM0

    Who can apply?

    Existing BSN Principal Card holders as well as new BSN Principal Card holders are eligible for this plan. Even Supplementary cardholders are eligible, as long as the Principal cardholder consents to this arrangement.

    Balance Transfer Application Procedure

    • Download the BSN Balance Transfer Application form official website.
    • Fill out the form as required with correct details.
    • Affix photocopies of the credit card account statements for the outstanding debt you wish to transfer to your BSN account.
    • Mail these documents to this address:
    • BSN Credit Card Centre

      1st Floor Block A

      117, Jalan Ampang

      50450 Kuala Lumpur

    • Alternatively, you can fax the documents to 03-2141 1291.

    Credit cards you can use to apply for the BSN Balance Transfer Programme

    You can apply for any of these credit cards, provided you meet the basic eligibility criteria, and activate the Balance Transfer program on them:

    BSN Credit Card Minimum Annual Income Required Annual Fees
    BSN Visa Platinum RM60,000 RM0 – Free for life.
    BSN Classic Visa RM24,000 RM0 – Free for life.
    UUM-BSN Platinum MasterCard Credit Card – i RM60,000 RM0 – Free for life.
    BSN Gold Visa RM36,000 RM0 – Free for life.
    INGIAFAM – BSN Visa Platinum Business RM32,000 RM0 – Free for life.
    BSN Platinum MasterCard RM60,000 RM0 – Free for life.
    BSN Gold MasterCard RM36,000 RM0 – Free for life.
    BSN 1 TeachersCard MasterCard RM24,000 RM0 – Free for life.
    BSN Classic MasterCard RM24,000 RM0 – Free for life.
    UUM – BSN Gold MasterCard Credit Card – i RM24,000 RM0 – Free for life.
    BSN Platinum Visa Credit Card – i RM60,000 RM0 – Free for life.
    BSN 1 TeachersCard MasterCard Credit Card – i RM24,000 RM0 – Free for life.
    BSN Gold Visa Credit Card – i RM36,000 RM0 – Free for life.
    BSN Gold MasterCard Credit Card – i RM36,000 RM0 – Free for life.
    BSN Classic Visa Card – i RM24,000 RM0 – Free for life.
    BSN Classic MasterCard – i RM24,000 RM0 – Free for life.

    Using this plan, you can consolidate your debt and clear it off in a far easier way. You will have the benefit of little to no interest (depending on your chosen tenure) and will only have to deal with one bank.

    Other Bank Balance Transfer Plans

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