Now, getting the extra cash for all the things that matter is even easier. It's convenient to apply, and it comes with promotional interest rates of 0% p.a. + 4.5% administration fee (EIR 5.20% p.a.*). Do it the smart way with POSB Credit Card Balance Transfer today.
Simply sign up for a POSB Credit Card Balance Transfer to transfer the available credit limit on your POSB Credit Card account to your deposit account as cash with repayment flexibility!
Here's what you can enjoy with POSB Credit Card Balance Transfer:
|Tenure||6 months||12 months|
|Applied interest rate (p.a)||0%||0%|
|Effective interest rate (p.a)*||5.34%||5.20%|
As compared to interest rates of 24% p.a. on other banks' credit cards, you can save so much more with our low Balance Transfer rates.
|For a Balance Transfer amount of S$10,000||6 months||12 months|
|Interest charged and administration fee||0% p.a. + 2.5%
(EIR 5.34% p.a.*)
|0% p.a. + 4.5%
(EIR 5.20% p.a.*)
|One-off administration fee||S$250||S$450|
|Interest from other banks' credit cards at 24% p.a.||S$1,200||S$2,400|
|Your savings (up to)||S$950
Figures are simplified for illustration purposes.
* The Effective Interest Rate (EIR) is calculated based on an approved Balance Transfer amount of S$10,000 with monthly minimum payment of 3% of amount transferred and full payment of the outstanding amount transferred at the end of the tenure. EIR is subject to compounding if the monthly finance charges are not paid in full. A one-off administration fee of 2.5% and 4.5% for loan tenure of 6 and 12 months respectively will be debited from your POSB Credit Card account accordingly.
^ Interest savings with POSB Credit Card Balance Transfer (for repayment over 6 months or 12 months) when compared to interest rate of 24% p.a. on other credit cards.
You can still continue to use any remaining credit in your POSB Credit Card account in the usual way. And with every monthly repayment you make, your credit limit will be reinstated accordingly for your use.
Choose a loan tenure you are comfortable with, and pay as little as S$50 or 3% of the statement balance, whichever is greater.
Apply online now or SMS PROMO<space>BT<space>NRIC to 76060
Our friendly sales officer will contact you for a verbal sign-up.
Please be informed that amendments have been made to the terms governing Credit Cards Balance Transfer, all of which will take effect on 31 December 2012. Balance Transfer Terms and Conditions (31 December 2012)