Thursday, 29 October 2020,   12 Rabiulawal 1442H

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IMPORTANT NOTICE FOR BSN CREDIT CARD/-i CARDMEMBERS

 

 

Dear Valued CardMembers,

In line with Bank Negara Malaysia (BNM) guidelines, please be informed that Bank Simpanan Nasional (BSN) will revise its finance charges / actual management fee for cash advance, late payment / compensation charge and tiered pricing structure effective 1 January 2015.

1.  Finance Charges / Actual Management Fee for Cash Advance

Finance Charges / Actual Management Fee for cash advance transactions will be revised to 18% per annum (p.a.) on the cash advance amount calculated on a daily basis from the transaction date until full settlement. This is applicable to all BSN Credit Card(s)/-i.

2.  Late Payment / Compensation Charge

Late payment / Compensation charge will be revised to a minimum amount of RM10 or 1% on the total outstanding balance as at statement date (whichever is higher), subject to a maximum amount of RM75. This is applicable to all BSN Credit Card(s)/-i.

Please settle your minimum payment promptly to avoid late payment / compensation charge. For payments made by cheque, please allow sufficient time for clearance before payment due date as payment will only be credited upon clearance of your cheque.

3.    Finance Charges / Actual Management Fee (Tiered Pricing)

Tiered Finance Charges / Actual Management Fee on retail transactions will be revised for the following BSN Credit Card(s)/-i as appended in the table below.

You are advised to pay promptly at least the minimum payment amount by the due date to enjoy the lowest rate.

 

Finance Charges / Actual Management Fee for Retail Transactions
Tier BSN Classic/Gold/Platinum Visa/MasterCard Credit Card/-i UUM-BSN Gold/Platinum MasterCard Co-Brand Credit Card-i Conditions
Government Employee Private Sector Employee
I 0.92% per month or 11% per annum 1.13%  per month or 13.5% per annum 0.83% per month or 9.95% per annum

First Year Membership

Pay at least minimum payment by the payment due date.

Second Year Membership Onwards Pay promptly at least minimum payment by the payment due date for 12 consecutive months.

II 1.13% per month or  13.5%  per annum 1.33% per month or 16% per annum 1.13% per month or 13.5% per annum

Second Year Membership Onwards

Pay promptly at least minimum payment by the payment due date for at least 10 months in a 12-month cycle.

III 1.46% per month or  17.5% per annum 1.46% per month or 17.5% per annum 1.46% per month or 17.5% per annum

First Year Membership

Pay after the due date.

Second Year Membership Onwards

Prompt repayment for less than 10 months in a 12-month cycle.

Kindly be informed that the tiered pricing structure on retail transactions for 1 TeachersCard/-i and INGIAFAM Platinum Business Credit Card are unaffected by this revision.

You may view the full terms and conditions at www.mybsn.com.my with effect from 1 January 2015 or call our Customer Service Centre at 1-300-88-1900.

Thank you.

MANAGEMENT

BANK SIMPANAN NASIONAL