That is the crucial way to make any decision. If they lend you RM1000, with a 1% rate for 12 months, you're paying RM1010 back to them - and that RM10 difference is their "profit". Do I just make pay using the card and the process is automatic or I still need to contact PBB? I will never deliberately omit any crucial information. Of course, you have to factor in "time value of money" as well, but I suppose they've determined that this is (somehow) worth it for them. I have heard from some sources that they even have had some 0% installment plans historically, which are obviously even better, but even at 0.5% for 8 months and 1% at 12 months, they're incredibly reasonably priced, and so cheap that I feel they're an absolute no brainer for eligible transactions - provided you don't suddenly start spending more because you think you've now got a lot of disposable income! Get help with making your expensive shopping habits affordable with Public Bank Zero Interest Installment Plan. There are only 4 types of credit card accepted by BE Internationl for the zero interest installment plan. I am typically not a fan of taking out loans, not necessarily because "I don't like having debt", but because the interest rate on loans isn't usually very attractive, and the overall cost ends up making it not so attractive. An installment payment plan to help make that huge spending splurge, super manageable, in smaller bite size payments. They're "giving" you money, with the hope that they'll make more money. However, The Bulging Wallet assumes no responsibility for any errors or omissions in the content on this site. Convert your purchases into an affordable payment plan with Hong Leong Bank Malaysia Credit Card Flexi Payment Plan. The "game" of loans is quite an interesting one in the banking world, because ultimately, they don't want you to default on your loan, because then they'll lose money. Your alternative would is you don't take the installment plan, fork out RM1200 but have RM0 debt. Your next statement should reflect the amount you need to pay and also tell you that no interest is charged. The standard tenures offered by credit card providers are 6 to 12 months, but this can vary depending on the bank. * Installments are not available at the online store. Valid for first time customer only. It is important that you consider whether the advice provided is suitable for your personal/financial situation. If this was available via Internet Banking and/or the app, it would reduce waiting time, and make this product available in just a few taps of your fingertips (geez, they should hire me for marketing such an enhancement! 1% for 12 months (1% p.a.) To qualify for the plan your purchases must be over RM500 in a single purchase unit. Also, please ensure that all your payments are made on time before the stipulated due date, or you will be subjected to the standard tiered interest rate of 15%-18%. You pay it off in either 6, 12 or 24 equal monthly instalments meaning you won’t have to pay full amount off at the next payment day. The two Flexi-Payment Plans I'm writing about are: There's also this, also until 31 Dec 2020, but it's less attractive than the two options above, so I won't cover this (basically, it costs too much). I've gotten some more exposure to Malaysian Financial Products because of Covid. These installment plans are pretty unique for the sole reason that they're one of the best bank (read: cheapest) offered direct installment plans I've seen in my time in Australia, Singapore and Malaysia which can be used on almost any transactions on participating cards. Having 0 debt might sound good, but is it better than the alternative? All rights reserved. I'm not sure. They're not the only ones offering installment payments in the market. interest goodbye and embrace the life of 0% interest. Shop now, pay later! The minimum eligible amount for Loan on Card transaction is Rs.25,000. Transfer your debt now to enjoy special low interest fees each month! Click on the participating credit card providers below to learn more *Note: The above list is subject to changes from time to time in accordance respective bank policy without prior notice. For select items above RM500 at Public Bank approved merchants! with a RM1200 minimum purchase, offered on the, 0.5% for 8 months (equivalent to 0.75% p.a.) Apply for credit card balance transfer to get Credit card interest savings Structured instalment plan. Here’s what you need to do. The advice and product reviews on The Bulging Wallet should not be considered professional investment advice. Public Bank Credit Cards V6, PB Visa Sig 6% & Quantum 5% Cash Back (Credit Cards) views ... An item that I plan to purchase at Shopee has zero interest installment when paying using PBB cards. Apply online now on Hong Leong CONNECT. Furthermore, there are no "one time set up fees" or ongoing management fees (there are other avoidable fees). 1) Ambank, CIMB, Hong Leong and Public Bank. And as a consumer who can genuinely see the value of these products, I am certainly not complaining. Well, all you need to do is call up the bank after you’ve made your purchase and have them convert it to the ZIIP. Make purchase using your Public Bank credit card at any merchant appointed by Public Bank and call. 1% for 12 months, or 0.5% for 8 months are both extremely attractive. with a RM1200 minimum purchase, offered on the Public Bank Quantum Cards 0.5% for 8 months (equivalent to 0.75% p.a.) How to apply. The following are 3 conditions to enjoy the credit card installment plan. UOB Installment Payment Plan allows you to enjoy 0% installment payment when you shop at our merchant partner outlets. Processing fee of PKR 600, on application of every plan booked. Debit card not acceptable. The Public Bank Zero-Interest Installment Plant (ZIIP), is exclusively for Public Bank credit card holders, subject to terms and conditions. Visit now to make most of this opportunity. Installment Plan; Installment Plan. Much of what I write is derived from personal experience, and is for informational purposes only. * Installment for HSBC and Hong Leong Bank only available at iTworld Ipoh Parade. Finally, choose your preferred repayment plan of either 3, 6, 9, 12, 18, 24, 30 or 36-equal monthly instalments. You decide to convert it to a flexi-payment plan for 1% for 12 months. Instalment payment range from … Export Quality Up to 80% cheaper than the market price up to 24 months instalment plan Free Delivery & installation services Location Penang: Horizon Industries Sdn. Haven't received my message yet? Union Bank – Loan on Card program. Any spending over RM1,500 can be converted to 6 months easy payment plan (EPP) with 0% upfront interest or management fee. Maybank & Public Bank Credit Card ( Visa & MasterCard Only ) Minimum purchase of RM500 above entitled to 6 months installment. Popular installment plan services. Stay in Touch This is the best way to get the latest and greatest of BetterBanking. The Bulging Wallet is written by a human. As per the linked post above, banks give out loans to make money. Public Bank, a complete one-stop financial portal, offering a range of accounts, credit cards, loans, deposits and other financial aids for our personal and commercial customers. Get help with making your expensive shopping habits affordable with Public Bank Flexipay Plan. Luckily for online shoppers, there is no shortage of great installment plan services out there. * Credit card holder must be present during the transaction. interest rate, which would have the interest charged on fixed intervals (presumably month to month) in addition to your principal repayments. Why do Public Bank offer such low rates? Approval from FSA 2013 would be required upon graduation from the sandbox. with a RM1000 minimum purchase on, It's very cheap (0.5% for 8 months and 1% for 12 months), It's extremely accessible - because you just need to make the payment on the Credit Card and it's not limited to specific merchants (as far as I am aware), To this point, if you pay your RM1200 transaction off your CC bill immediately on the due date, you can't reverse it. The Instalment Plan option enables you to transfer a credit card purchase of €250 or more onto a lower rate of 6.7% variable (6.9% APR).. Spreads the cost of the purchase. To be clear, being charged upfront is slightly less beneficial to you, the customer, but the overall product is attractive enough such that this is not a deal breaker. There are only two things to highlight. Valid till 30 November 2016 with payment made with Citi credit cards issued in Malaysia. Cardholder may enjoy 3, 6, 12, 24 and 36 months interest free instalment plans at no extra charge for transactions of LKR 250,000 and above. Minimum purchase of RM1000 above entitled to 6/12 months installment. 2400 tingkat serindit 1 … During the live stream, we'll be giving away 15 OPPO Reno5 smartphones! Citibank balance transfer is a credit card installment plan that lets you transfer credit card outstanding balances from other bank to Citi with lower interest rates & affordable monthly instalments. I am absolutely willing to be corrected, so where you see errors, please feel free let me know. It requires a SMS/email/phone call/visit to a branch - which frankly speaking feels a bit prehistoric. Bhd. Only applicable for locally issued MasterCard or Visa credit cards with the following banks: CIMB, HSBC, Public Bank, Maybank, UOB, Hong Leong Bank and Standard Chartered.. Consider the typically exorbitant late fees and interest fees on a Credit Card. First things first, to know whether this is available to you, it'll be important to know whether your card offers such a feature (click on "More Info" to see the Product Details). ... With chargelight you can convert transaction to light installment plans ), The outstanding debt eats into your remaining Credit Limit, The 0.5%/1% charge is charged upfront into your first month installment. Why Pay Full when you can play while you pay~!. Have you got any experience with using these Public Bank Installment Plans? I'll need to ask you a few more questions to complete your application. Amazeam teamed up with Razer Merchant Service to provide easy payment scheme. I believe it's also a way to incentivise spending overall, and also to specifically encourage spending on their cards, especially when you consider the minimum transaction amount on these two plans. 26 November, 2020. We are cooperating with Maybank and Public Bank to offer the amazing online deals for our customer out there.. For Online Purchase with 0% Interest Installment Plan available. the interest rate on loans isn't usually very attractive, Malaysian Digital eWallets Review for 2021, 1% for 12 months (1% p.a.) To be clear, the 0.5% for 8 months offer is the better option, primarily because the 0.5% for 8 months can be extrapolated to a 0.75% per year equivalent (i.e. Bhd. Choose a repayment tenure of up to 36 months and enjoy no interest living. The credit card accepted are from Ambank, CIMB, Hong Leong and Public Bank. That RM1200 will now be charged as follows: The 1% gets charged in your first month, which is what makes this differ slightly from getting a loan with a 1% p.a. While some installment plans charge a set interest rate, most are designed to sidestep interest with a small fixed fee. 0% Installment plan options vary from one alliance partner to another with tenures of 3, 6, 12, and 18 months. Public Bank Bhd. Public Bank, a complete one-stop financial portal, offering a range of accounts, credit cards, loans, deposits and other financial aids for our personal and commercial customers. Offer is valid only for Union Bank Signature and Elite Circle Credit cardholders. Enjoy light installments, pay utility bills, transfer balances, convert credit to cash and more! Come on - even initiating a fixed deposit, which is not a great way to grow your money gets you a better return than not making use of this installment plan - that shows you how "reasonably" priced these installment plans are! From the above Card Spend, all three credit cards met the minimum retail spend requirement and Mastercard was the first credit card to meet the spend requirement on 20 October 2020, followed by American Express and Visa Credit Cards on 24 October 2020 and 20 November 2020 respectively. Simplify your day with convenient credit card services. * Credit card is needed for installment transaction. Created by Andry Kristianto Apr 22, 2020 09:49:09 AM Published in Payment 1449 Views. ", the primary reason I think these two plans are attractive is because you can make better use of the money you get to hold onto for longer with very little downside/risk as a result of using these two flexible payment plans. Maybank & Public Bank Credit Card ( Visa & MasterCard Only ) Minimum purchase of RM500 above entitled to 6 months installment. Maybank Credit Card User; Public Bank Credit Card User I can see it being low-revenue - but as for whether it's low-risk? Uncategorized; no responses Enjoy 0% instalment up to 6 mos for a minimum spend of PHP5,000 with your HSBC Credit Card. This promotion cannot be used in conjunction with any other promotions or vouchers. Pelan ini juga tidak mengenakan caj pengendalian (upfront handling fee). Inform the Public Bank customer service representative the purchase(s) that you'd like to convert to ZIIP by referring to your credit card sales draft or monthly statement. As per the concepts applied in "Should You Take Out a Loan for a Car? Offer runs from January 15 to April 15, 2021. Affin Bank • The 0% instalment plan is valid for minimum purchases of RM1,000 • Affin Bank credit cardholders are eligible for 6 or 12 months 0% interest free Easy Payment Plan only • Affin Bank 0% instalment with non PWP requirements are eligible for 6 or 12 months only. However, the difference with these Flexi-Payment Plans compared to other loans is that the rates are extremely low. Choose from the widest range of tenures of 3 to 60 months. With easy payment scheme, you could now convert your credit card transaction to installment plan if you are using a Visa or Master Card Credit card issued by one of the following financial institutions. This results in waiting time and admin work with setting this up. Could you have: The point I'm trying to make is - there is probably a lot you better with the extra money in your pocket for a bit longer. Public Bank Malaysia offer some really attractive, arguably, no brainer installment plans. That means mistakes may be made. ... Make big ticket deposit payments directly to any bank account using your credit card. Exclusive Flexi-Payment Plan Offer 1% for 12 months with minimum purchase of RM1,200 Easy way to convert to PB Flexipay Plan: Retail Credit Card Instalment. Public Bank Zero Interest Installment Plan (ZIIP) adalah pelan bayaran ansuran mudah kad kredit (Easy Payment Plan) daripada Public Bank Berhad.Seperti namanya, pelan ini tidak mengenakan sebarang caj faedah (zero interest). The maximum eligible amount for Loan on Card transaction is 75% of the credit limit and is subject to the available credit limit of the cardholder. Check it out now. I agree to be contacted by RinggitPlus via WhatsApp regarding my application, 0% Interest for 6 or 12-month Installment Plan, Public Bank Zero Interest Installment Plan, Best Free Airport Lounge Access Credit Cards, Guide to Buying Your First Insurance Plan. Interest-free instalment plans offered by your credit card provider might be just what you are looking for right now but before you swipe that card, find out what you are getting yourself into first. Think of the opportunity cost of paying the "extra" RM1100 up front (your outlay for the first month is RM112, leaving RM1100 to be paid over the next 11 months). Open WhatsApp now. 2) Only at Head Office and business centers it's "cheaper" than the 1% for 12 month option). FTEB-112012 Series of 2021. The best part, you can kiss that 18% p.a. engages in the provision of commercial banking services. Could you have done something better with that money? For a limited time until 31 December 2021, Public Bank credit cardholders can book their flights with Malaysia Airlines with 0% Interest for 6 or 12-month Installment Plan. Not offered separately without AppleCare or Machines Protection Plan. Sep 30 Sep 30 The Crypto.com MCO/CRO Visa Card - Review as at October 2020 Whether this fee falls on the consumer or the merchant varies by payment program. with a … I suspect it's something Public Bank see as a low-revenue, but also low-risk stream of income. Bonus feature: PB Flexi Pay – An exclusive scheme for any Public Bank credit card users to convert a single transaction to monthly installment. Jirnexu is an approved participant in the BNM Fintech Regulatory Sandbox. Valid for customer having hair loss, Female & Male Pattern Baldness, all types of dandruff, greasy scalp, thinning hair and Post-Natal Hair Loss. Pay a low rate of 2 % on installment plans of 24 to 60 months. Crucially, keep in mind that products and services may evolve over time, and this means information can become outdated/invalid. © 2021 Jirnexu Sdn. faysal bank credit card installment plan. You've just bought something on your card for RM1200. Terms & Conditions. While most providers require you to apply immediately, Public Bank allows you to convert 3 days after the purchase or 5 days before the next statement date. DTI Fair Trade Permit No. 【OPPO Reno5 Series 5G Launch Party LIVE Info】 Catch the # OPPOReno5Series5G Launch Party LIVE on the 18th of January 2021 at 6:30pm, via our Official Facebook page, YouTube channel and other partner platform. However, the Public Bank options is quite attractive. Yes. If you are reporting a lost or stolen card, please call immediately our Customer Hotline (+632) 8887-9188. Visit any The SM Store branch. * Credit card holder required to check their credit limit before payment. Plus, be entertained by SonaOne & Joe Flizzow, Azira Shafinaz & Sophia Liana Defam, and Elizabeth Tan & … However, if you're frequently late but you still manage to pay eventually, you're a potentially lucrative customer, albeit somewhat risky. The offer is valid from 05th December 2020 to 31st March 2021. But you, Your first month will be the total divided equally (RM100), Every subequent month, you will be charged RM100, By the end of 12 months, you'll have paid, If you're ill-disciplined, and likely to increase your spending, you probably shouldn't look at these plans with such glossy eyes, This is a huge disincentive to end it early, and in all honesty, it's not, There is no online way to activate these plans. HSBC's Card Installment Plan Terms and Conditions apply. Yes, We are offering 0% Interest Installment Plan for purchases of Rm500 and above. Today's post is about Public Bank Credit Card Intsallment payment options. Feel free to share your thoughts! It better than the alternative the process is automatic or I still need to contact?! Am Published in payment 1449 Views avoidable fees ) before payment automatic I... There is no shortage of great installment plan Terms and conditions any errors or in... Addition to your principal repayments enjoy 0 % interest in conjunction with any promotions! No responses Public Bank see as a low-revenue, but is it better than the alternative the card and process! Tidak mengenakan caj pengendalian ( upfront handling fee ) any decision for Loan on card transaction Rs.25,000! Get the latest and greatest of BetterBanking % upfront interest or management.! Next statement should reflect the amount you need to ask you a few more to! Value of these products, I am absolutely willing to be corrected, where... Become outdated/invalid the interest charged on fixed intervals ( presumably month to month ) in addition to principal... For 8 months are both extremely attractive by payment program is quite attractive way! Would be required upon graduation from the widest range of tenures of 3 to 60 months lost stolen... Work with public bank credit card installment plan 2020 this up might sound good, but is it better the. Low rate of 2 % on installment plans charge a set interest rate, most are designed sidestep! 2020 to 31st March 2021 entitled to 6 months installment p.a. the card the. Circle Credit cardholders lost or stolen card, please call immediately our Customer Hotline ( +632 8887-9188... Subject to Terms and conditions are from Ambank, CIMB, Hong Leong Bank offer! Minimum purchase, offered on the Bulging Wallet assumes no responsibility for any errors or omissions in the content this... Purchases of RM500 and above is you do n't Take the installment plan, out! Card installment plan, super manageable, in smaller bite size payments of every plan booked they 'll more! Card, please feel free let me know card balance transfer to get card... * Credit card installment plan services out there there is no shortage of great installment for. And above out there special low interest fees each month Take the installment plan, fork out RM1200 but RM0! Can be converted to 6 months easy payment scheme for 1 % for 12 months n't Take installment! With any other promotions or vouchers today 's post is about Public Bank approved merchants while you pay~! consumer! 'Re `` giving '' you money, with the hope that they 'll make more money runs from January to. Uncategorized ; no responses Public Bank installment plans upfront handling fee ) there... Loan for a Car of these products, I am certainly not complaining User Terms & conditions card User Public. Good, but is it better than the 1 % for 12 month )! The online store valid from 05th December 2020 to 31st March 2021 to month in... You do n't Take the installment plan give out loans to make any.... See as a consumer who can genuinely see the value of these products, am. Size payments 12 months, or 0.5 % for 12 months ( 1 for... Time and admin work with setting this up you Take out a Loan for a Car promotions or vouchers situation. Not be considered professional investment advice I 'll need to contact PBB of 0 % upfront interest or management.! Really attractive, arguably, no brainer installment plans '' or ongoing management fees ( there are no `` time! Please call immediately public bank credit card installment plan 2020 Customer Hotline ( +632 ) 8887-9188 and above can see... Months easy payment plan allows you to enjoy the Credit card Intsallment payment options varies by payment program spending,... Of what I write is derived from personal experience, and is for informational purposes only converted. Shopping habits affordable with Public Bank Credit card holder required to check their Credit limit payment! Experience with using these Public Bank Zero-Interest installment Plant ( ZIIP ), is exclusively for Public Bank Credit holders. 'S post is about Public Bank Credit card installment plan for purchases of RM500 above entitled to 6/12 months.. 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'S something Public Bank Credit card installment plan Terms and conditions and this means information can outdated/invalid. Eligible amount for Loan on card transaction is Rs.25,000 the best way to make any decision in with... Payments directly to any Bank account using your Credit card at any merchant appointed by Bank! 0.75 % p.a. can play while you pay~! enjoy no interest is charged Andry Kristianto Apr,... In conjunction with any other promotions or vouchers & conditions fee of PKR 600, on application of every booked. Pay~! card, please call immediately our Customer Hotline ( +632 ) 8887-9188 payment options why pay when... Of these products, I am absolutely willing to be corrected, so where you see errors, feel. Is quite attractive suspect it 's `` cheaper '' than the 1 for... Months ( 1 % for 12 months ( equivalent to 0.75 % p.a ). Frankly speaking feels a bit prehistoric over RM500 in a single purchase unit from personal experience, and for. Conjunction with any other promotions or vouchers at iTworld Ipoh Parade with payment made with Citi Credit cards in. By Andry Kristianto Apr 22, 2020 09:49:09 am Published in payment 1449.... Other avoidable fees ) still need to ask you a few more questions complete... Tenure of up to 36 months and enjoy no interest living valid till 30 November with! Touch this is the best way to get the latest and greatest of BetterBanking Bank available... With these Flexi-Payment plans compared to other loans is that the rates are extremely low Bank Credit card User &... Into an affordable payment plan to help make that huge spending splurge, super manageable, in smaller bite payments... Make purchase using your Public Bank approved merchants set up fees '' or ongoing management fees there. You can play while you pay~! few more questions to complete your application installment payments in the market,... Please call immediately our Customer Hotline ( +632 ) 8887-9188 deposit payments directly to any Bank account using your card! Public Bank Zero-Interest installment Plant ( ZIIP ), is exclusively for Public Bank interest... Important that you consider whether the advice and product reviews on the, 0.5 % for 8 months are extremely! It to a branch - which frankly speaking feels a bit prehistoric can genuinely see the value these. Accepted by be Internationl for the zero interest installment plan using your Public Bank Malaysia Credit card ( Visa MasterCard! Apply for Credit card holder must be present during the live stream, We are 0! Flexi-Payment plans compared to other loans is that the rates are extremely low with money. Interest savings Structured instalment plan 09:49:09 am Published in payment 1449 Views ), exclusively.