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Benefits & Privileges

Octo Octo Octo Octo
Low Rate
Zero Fee

Key Features

Automatically Enrolled

Eligible credit cardholders will be automatically enrolled into the programme

36 Monthly Instalments

Outstanding credit card balances* will be converted to 36 monthly instalments

Minimum RM1,000

Minimum convertible amount is RM1,000

Convertible Amount

Convertible amount = total statement amount* – total payment made

How does Auto Balance Conversion work?

Upon enrolment for this programme, your outstanding credit card balance* will be assessed after the latest payment due date and converted into 36 monthly instalments upon meeting the eligibility criteria every 12 months.


CIMB Bank/CIMB Islamic will auto-enroll eligible customers. Upon enrolment, the outstanding statement balance* will be converted after payment due date +5 calendar days.


With Auto Balance Conversion
Auto Balance Conversion Interest Rate  /
Payable Facility Charges**  : 13%
1ˢᵗ Month 2ⁿᵈ Month 3ʳᵈ Month
*Outstanding Amount (RM) 15,000 - -
Auto Balance Conversion (RM) 14,250 - -
Minimum Payment Due (RM) 750 505 505
Auto Balance Conversion (RM) - 14,667 14,330
Without Auto Balance Conversion
No Auto Balance Conversion

Interest Rate /

Payable Facility Charges** : 13%

1ˢᵗ Month 2ⁿᵈ Month 3ʳᵈ Month
Outstanding Amount (RM) 15,000 14,452 13,924
Minimum Payment Due (RM) 750 723 696


  • Nationality: Malaysian
  • Monthly income: Less or equal to RM5,000 (note that this refers to the latest verified income per your credit card issuer’s record)
  • Payment history: Payment ratio less or equal to 10% (average of 12 previous months)
  • Payment ratio = Total payment / total statement balance* (12 previous months)
  • Your card account is current and not delinquent

Important Notes

13% p.a. Effective Interest Rate (EIR)/ Payable Facility Charges (PFC)** is equivalent to 7.1% p.a. Flat Rate.

Effective Interest Rate (EIR) is the interest rate on a financial product with annual compounding.

This is only an illustration of the minimum payment due with and without Auto Balance Conversion with the following assumptions:

  1. Minimum payment due is 5% of statement balance*. Customer makes minimum payment of 5% monthly.
  2. There is no new retail spend or cash advance following the conversion.
  3. The outstanding balance* consists of retail spend only and revolves at 17% p.a.
  4. The monthly instalment amount from Auto Balance Conversion is RM505 and 100% of instalment amount is demanded.

* For CIMB Islamic Credit Card, the outstanding amount/statement balance that will be converted into Auto Balance Conversion is outstanding principal amount only.

**The PFC rate will be subject to the cardholder’s payment history (in accordance to BNM Credit Card-i Guideline) and the monthly rebate that shall be granted by the Bank on the Yearly Facility Charges during Auto Balance Conversion period.

Terms and Conditions

Product Disclosure Sheet


Other Information

How to opt-out or cancel Auto Balance Conversion

You may opt out from this programme by contacting CIMB . Once we have received your instruction, we will:

  • Not convert your credit card balance* to an instalment plan.
  • Not charge any penalty fee if cancelled.
  • Not charge any penalty fee for early settlement of outstanding balance*.
  • Upon conversion of your credit card balance, you are allowed to cancel within 30 days from the date of conversion without any penalty. This cooling-off period only applies to 1st time conversion