Public Bank is running a PB Flexipay Plan promotion, which allows its Visa credit cardholders to convert their purchases into a ten-month instalment plan with either 0% or 1% interest. Already ongoing, it is set to continue until 31 December 2022.
Open to all new and existing Public Bank Visa cardholders, the promo will let you convert your purchases into instalment plans as per the following details:
Minimum spend Tenure Upfront interest/Management fee RM1,000 and above 10 months 1% RM3,000 and above 10 months 0%
To tap into this offer, you’ll need to either call the bank at 03-2176 8000 or send an email to custsvc@publicbank.com.my to inform them of your intention and the details of your purchase. This should be done three days after the purchase is made (so that your transaction will be posted), and five days before your next statement date.
Once converted, make sure to always repay the required monthly instalment amount before the due date. Otherwise, there will be a late payment charge of 1% of the total outstanding balance, or a minimum of RM10 (capped to a maximum of RM100). A finance charge or management fee of 15% to 18% p.a. may also be applicable where necessary.
Finally, note that eligible cardholders may apply for this promo more than once. However, approval is subject to the bank’s discretion.
(Source: Public Bank)
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