Credit Card Balance Transfer

Overview
Now, getting the extra cash for all the things that matter is even easier. It's convenient to apply, and it comes with low interest rates from 2.5% 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 at a lower interest rate with repayment flexibility!

Benefits and Features
Here's what you can enjoy with POSB Credit Card Balance Transfer:

Low interest rates

Tenure	6 months	12 months
Applied interest rate (p.a)	2.5%	4.5%
Administration fee	S$80	S$80
Effective interest rate (p.a)*	4.22%	5.44%

Interest savings
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.

*The Effective Interest Rate (EIR), inclusive of S$80 administration fee, is calculated based on an approved Balance Transfer amount of S$10,000 with 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 S$80 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.

Figures are simplified for illustration purposes.

Flexible repayment
Choose a loan tenure you are comfortable with, and pay as little as S$50 or 3% of the statement balance, whichever is greater.

or SMS PROMO<space>BT<space>NRIC to 76060
Our friendly sales officer will contact you for a verbal sign-up.

Revision to Balance Transfer Terms and Conditions
Please be informed that amendments have been made to the terms governing Credit Card Balance Transfer, all of which take immediate effect. Please click here for the updated version of the terms.