Effective from 31 st March 2009 till 30th March 2010, RHB Cardmembers will enjoy lower interest rates on their finance charges!
What are the new changes to Interest Rates? The new Tiered Interest rate scheme is detailed as per the table below.
Description
Revised Interest Rates
Current Interest Rates
Prompt payment for 12 consecutive months
13.5% p.a.
(1.13% p.m.)
15% p.a.
(1.25% p.m.)
Prompt Payment for 10 months or more within 12 months
16% p.a.
(1.33% p.m.)
17% p.a.
(1.42% p.m.)
Prompt Payment for less than 10 months within 12 months
17.5% p.a.
(1.46% p.m.)
18% p.a.
(1.5% p.m.)
What other changes are made? There are changes to the Late Payment Charges as per below:
Late Payment Charges Revision
Effective 1st July 2009, cardmembers now only have to pay a minimum of RM 5 (previously RM10) or 1%(previously 0.5%) of total outstanding balance as at statement date, up to a maximum of RM50 (previously RM75)
