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.
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|
|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|
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.
BSN Credit Card Centre
1st Floor Block A
117, Jalan Ampang
50450 Kuala Lumpur
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.