Auto Balance Conversion Maybank

Upon conversion of your credit card balance you are allowed to cancel within 30 days from the date of conversion without any penalty.

Auto balance conversion maybank. The minimum balance conversion amount per credit card is rm500 while the maximum amount is subject to your eligible retail balances. We will inform you of the next balance conversion offer 12 months later if you meet the eligibility criteria. Under this feature eligible credit cardholders will find their outstanding credit balance automatically converted into fixed monthly instalments over a period of 36 months. Balance conversion monthly payments must be paid in full by the credit card due date for each month.

You will not qualify for future auto balance conversion if your monthly income is above rm5 000. What is auto balance conversion abc program. The abc program is a program that converts bic i facility outstanding balances into instalment payment plan at a lower profit rate for cardmember who fulfils the eligibility criteria. The table below shows the breakdown of monthly repayments for each tenure option with converted amount of rm1 000.

You are encouraged to keep maybank updated on any changes to your income level. Your auto balance conversion will start upon successful enrollment which will be communicated to you via sms or email notification to your registered mobile number or electronic direct mailer edm the outstanding balance on credit card i will be reviewed on your statement date to verify if it meets the minimum criteria for conversion. Minimum conversion amount of rm1 000 will be converted into an instalment plan at 13 p a. This cooling off period only applies to 1st time conversion.

Auto balance conversion is a credit card programme available to eligible cardmembers to automatically convert the outstanding balances into smaller instalments if the cardmembers meet the eligibility criteria. Favorite this post sep 6 2002 ford e150 conversion van 4 250 round rock pic hide this posting restore restore this posting. The balance conversion monthly payment will be reflected in your cimb credit card statement. If you have an outstanding balance on your cimb credit card you may find yourself being automatically enrolled into cimb s mew auto balance conversion programme.

The maximum eligible amount for conversion is your total statement balance after deducting the minimum payment excluding all cash and cash based transactions instalment amounts payable under other citibank programs such as citibank easy pay plan epp citi paylite citi quick cash annual fees carry forward balances and other fees and charges. You will continue to pay down any outstanding instalment from earlier converted balances. Rm 1 000 and above. Amount converted flat interest rate effective interest rate.