Switch from a higher to a lower interest rate credit card. That means more money in your pocket.

If you plan to move your outstanding debt or balance from one credit card to another, then you should prioritise the balance transfer rate on your next credit card application. Smart consumers make use of this facility to take advantage of another credit card's lower interest rates, less harsh penalties or better benefits such as airmiles or cashback.

Most credit cards can offer 0% balance transfer rates for at least six months with a minimum of RM1,000 transfer amount. After that, you'll need to exercise some bear wisdom and look closely at potential one time upfront fees and any other possible processing fees. Most importantly, find the most flexible plan to suit your needs while consolidating your credit card debts. It's a win-win situation!

Two common Shariah concepts implemented for Islamic credit cards in Malaysia are based on Tawarruq and Ujrah. And there are plenty of local banks such as Bank Islam, Bank Rakyat, Maybank, CIMB and other credit card issuers who offer Islamic credit cards that will suit your preferred Sharia concept of financing.

And of course, don't forget to look out for special credit card balance transfer offers and promotions from Malaysia's leading banks. That's what GoBear is here for.


Why compare for balance transfer credit cards on GoBear?

  1. Find the best credit card that earns you the most airline miles based on what you spend
  2. We hate fees as much as you do. Find the credit card that suits you best with the lowest fees over time
  3. Looking to switch to a credit card that charges lower interest? Our balance transfer calculator will help you work out the difference
  4. We share with you everything you need to know about the card you want, including exclusive promotions and deals
  5. Last but not least, we're an unbiased credit card comparison website: we tell it like it is

Why wait? Compare across these balance transfer credit cards and trim the debt fat today!