With the CIMB Bank Balance Transfer Programme, you can apply to transfer the outstanding balance from your other bank credit card account onto your CIMB Bank credit card account. This scheme is open for all the principal CIMB Bank Credit cardholders till 30 June 2018.
|Plan||Time Period (in months)||Finance Charge Rate||Minimum Transfer Amount|
|Plan A||6||5.99% p.a.||RM1,000|
|Plan B||12||7.99% p.a.||RM1,000|
The following are the benefits of this balance transfer programme:
You can apply for this programme in the following ways:
The following are the applicable terms and conditions:
Q. Does the balance transfer plan have a lock-in period?
A. No. The plan does not have any lock-in period and will not charge you any fee upon early settlement.
Q. How will I know about the status of my application?
A. You will get a SMS notification from CIMB Bank (or any other forms of notification deemed fit by the bank) to inform you if your application has been accepted or declined.
Q. What are the late payment charges?
A. If the minimum amount is not paid within the due date every month, then a late payment charge of 1% will be charged on the total outstanding balance. This is subject to a minimum of RM10 and a maximum of RM100 and will be charged the next day after the due date. For example, if the due date is 29 June 2018, the late payment charges will be levied on 30 June 2018.
Q. What happens after the expiry of the time period mentioned in both the plans?
A. After the expiry of the tenure mentioned in both the plans (Plan A and Plan B), the finance charges stated in the Cardholder Terms & Conditions shall apply thereafter.
Q. Where will I get further information about the products and services of the bank?
A. If you seek more clarifications/information, you can contact the bank in the following ways:
50350 Kuala Lumpur.