Maybank announces new rates for fund transfer via credit card
Maybank customers who transfer a minimum of S$10,000 from their credit cards can enjoy 0% p.a. interest for up to 12 months, and 12% p.a. interest thereafter for subsequent rollovers. This promotional rollover interest rate is the lowest in the market, where the prevailing interest rate is 24% p.a.
Maybank credit card customers can choose to transfer funds at 0% p.a.
interest for either 8 or 12 months, and need only pay a respective processing fee of 2.5% and 3.75% of the approved amount. The processing fee of 3.75% for the option of 0% p.a. interest for 12 months is also the lowest as compared to other industry rates of 4% to 5%. — www.theasianbanker.com (September 27 2007)–