{"id":17645,"date":"2024-02-19T04:18:50","date_gmt":"2024-02-18T20:18:50","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/what-is-balance-transfer-credit-card.html"},"modified":"2026-03-27T15:22:14","modified_gmt":"2026-03-27T07:22:14","slug":"what-is-balance-transfer-credit-card","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/credit-cards\/what-is-balance-transfer-credit-card.html","title":{"rendered":"5 Best Credit Cards for Balance Transfer in Malaysia"},"content":{"rendered":"\n

The one effective strategy in tackling credit card debt<\/span><\/a> is to consider using balance transfer credit cards. If you’re unfamiliar with this approach, this article is designed to provide answers and guidance.<\/p>\n

Balance transfer is the process of moving your existing credit card balances from one or multiple cards to a single card that offers a lower interest rate, typically for a fixed introductory period. <\/p>\n

This  interest rate can sometimes be as attractive as 0%. When used responsibly, a balance transfer in Malaysia can simplify your payments and save you money. However, it’s also essential to understand the fine print.<\/p>\n

Balance transfers can be a valuable tool, but it’s crucial to use them wisely and understand the nuances. Let’s explore the five best credit cards for balance transfer to consider.

<\/p>\n\n

<\/span>The Top 5 Balance Transfer Credit Cards in Malaysia<\/span><\/strong><\/span><\/h2>\n

These cards offer a low introductory interest rate for a period of time, typically 6-12 months. Let’s look at some of the credit cards for balance transfer, based on their introductory interest rates, fees, and other features:<\/p>\n

\n\n\n\n\n\n\n\n\n
Best Balance Transfer Credit Card<\/td>\nFeatures <\/td>\n<\/tr>\n
Alliance Bank Visa Platinum
\"Alliance\n

\"APPLY-NOW\"<\/a><\/p>\n<\/td>\n

\n
    \n
  • 0% Balance Transfer for 6 months for New-to-Bank Cardmembers<\/li>\n
  • FREE balance transfer fees<\/li>\n
  • ZERO first year fees<\/li>\n
  • Min. monthly income RM 2,000<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

Standard Chartered Visa Platinum<\/p>\n

\"standard<\/p>\n

\"APPLY-NOW\"<\/p>\n<\/td>\n

\n
    \n
  • Fixed balance transfer rate of 5.99% for 12 months<\/li>\n
  • Convert outstanding credit card balance into affordable instalments with Flexi-On-Balance Plus <\/li>\n
  • Convert large purchases to instalments using FlexiPay Plus<\/li>\n
  • Enjoy RM1 deals and other promotions all year long<\/li>\n
  • Min. monthly income RM3,000<\/li>\n<\/ul>\n
    \n
     <\/div>\n<\/div>\n
    \n
     <\/i><\/span><\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n

Maybank 2 Gold Cards<\/p>\n

\"Maybank_2_Gold_American_Express_Credit_Card\"<\/p>\n

\"APPLY-NOW\"<\/p>\n<\/td>\n

\n
    \n
  • 0% fixed balance transfer rate<\/li>\n
  • Enjoy benefits from Maybank Visa\/Mastercard and American Express<\/li>\n
  • 5% cashback on all weekend purchases on American Express<\/li>\n
  • ZERP annual fees for life<\/li>\n
  • Min. monthly income RM2,500<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

UOB One Card<\/span><\/p>\n

\"uob-one-credit-card-1\"<\/span><\/p>\n

\"APPLY-NOW\"<\/span><\/a><\/p>\n<\/td>\n

\n
    \n
  • 0% balance transfer interest for fixed-pay plan until 18 months<\/li>\n
  • Get 10% cashback  on petrol, dining, selected grocers and Grab transactions<\/li>\n
  • Unlimited 0.2% cashback on all other retail purchases, no minimum spend required<\/li>\n
  • Min. monthly income RM2,000<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

AEON Gold Visa<\/span><\/p>\n

\"aeongoldvisa-300x188\"<\/p>\n

\"APPLY-NOW\"<\/a><\/p>\n<\/td>\n

\n