What is Balance Transfer? (Credit Cards in Malaysia)

A balance transfer allows you to transfer the ‘credit card balance’ that you owe in one bank to the other bank. This service allows you to reduce the interest (17.5% per year) that you are paying the banks to as low as 0% for 3 months. However, please take note that the ‘0% for 3 months’ will expire after three months and the interest will return to 17.5% per year.

The following are some of the *balance transfer programs available:

Banks	Balance Transfer Rates	Balance Transfer Tenure
Maybank	0% per month	3 months
Public Bank	0%	6 months
Eon Bank	2.99% onetime interest charge	6 months
RHB	3% onetime interest charge	12 months
Citibank	3.99% per year	9 months

*Note:

Please check with the banks for updates.