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As the name implies, a balance transfer plan allows you to transfer the outstanding balance from one credit card to another – and repay them in instalments at a low-interest rate. Sometimes, it can even be at 0% interest – a double win situation for the cardholder.
Consolidate all your credit card outstanding balances from other banks to Maybank Balance Transfeer/-i and enjoy 0% interest rate/management fee for 12 months with NO upfront fee on the approved amount. T&C apply. Campaign period: 22 April - 31 July 2024. Learn More.
Jun 11, 2024 · What is Balance Transfer? Balance transfer plans allow you to consolidate your outstanding balances from various credit cards onto a single card, simplifying your repayment process and potentially saving you money on interest.
Jun 3, 2024 · A balance transfer can save you money by moving your debt from a high-interest credit card to one with a lower APR. Learn how they work, and find a card that fits your needs.
Jun 25, 2020 · What is a balance transfer? A balance transfer plan helps you transfer your debts on an existing credit card to another credit card at a new bank, at a lower interest rate starting at 0%. However, the lower interest rate is only applicable for a promotional tenure (e.g. 6 or 12 months).
Apr 24, 2024 · (Article updated on 24 April 2024.) Even during regular days, credit card balance transfer programmes are a good strategy to fall back on if you’re swamped with credit card debts that you can’t repay on time.
May 8, 2024 · A balance transfer moves a balance to another account or card. Typically, the goal is for debt to move to an account with a lower or introductory 0% interest rate.
Jun 24, 2024 · Transfer fees: Most balance transfers come with a fee, typically 3-5% of the transferred amount. Limited time offer: The low interest rate is temporary. If you don't pay off the balance in time ...
Jun 24, 2024 · 3. Transfer the balance to the new credit card. While each credit card issuer’s balance transfer process is slightly different, it’s usually a simple process you can likely complete in a few ...
May 15, 2024 · Here’s everything you need to know about credit card balance transfers, from start to finish—plus helpful tips for every step.
