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Auto balance conversion feature

Auto Balance Conversion

Settle your credit card balance at a lower interest rate.

 

 

Overview


The Auto Balance Conversion (ABC) programme is aimed at helping eligible customers pay off their outstanding credit card balances in a shorter period at a lower rate. This will reduce the overall interest to customers.

 

It is also designed to promote prudent financial management among consumers, i.e. spending within your means and paying your credit card debt faster.

 

 

  • Eligible customer will be given advanced notice prior to being enrolled into the programme.

  • Your credit card outstanding balances will be automatically converted into 36 monthly instalments upon meeting the eligibility criteria

  • Outstanding balances will be converted at 13%p.a. (effective interest rate)

  • Minimum convertible amount is RM1,000

  • Please note that the amount converted will be booked on your existing credit card limit. Each monthly instalment you pay will incrementally restore your available credit limit or in full once the Auto Balance Conversion is fully repaid.

Terms and Conditions

 

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