{"id":64713,"date":"2024-08-20T14:26:07","date_gmt":"2024-08-20T06:26:07","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=64713"},"modified":"2024-08-20T14:26:07","modified_gmt":"2024-08-20T06:26:07","slug":"easy-payment-plan-credit-cards","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/easy-payment-plan-credit-cards","title":{"rendered":"Best Easy Payment Plan Credit Cards: Get 0% Interest On Your Repayments"},"content":{"rendered":"
Have you heard about a credit card\u2019s easy payment plan (EPP)? It is not the most commonly talked about feature, but it can provide card holders with some excellent advantages .\u00a0<\/span><\/p>\n Easy payment plans are essentially the same thing as instalment plans. It is a feature that offers credit card holders the flexibility to use their credit cards to make a payment for a substantial amount then repay it in instalments within a certain period. The duration of these repayments can vary depending on the card issuers, but they typically range from 3 to 24 months.<\/span><\/p>\n These easy payment plan credit cards are particularly useful for larger purchases such as electronic gadgets and furniture. Before you go looking for one, here are a few things to look out for in an EPP credit card.<\/span><\/p>\n Like all other credit cards, features may vary depending on the card issuer or financial institution that you apply to. Before applying for a card, watch out for these features as they may not be universally applicable.<\/span><\/p>\n In order to maximise savings, look for opportunities to apply for cards with 0% interest on EPPs. Always read the fine print so that you always know when the interest rate applies.<\/span><\/p>\n Some EPP cards offer extra flexibility, allowing you to stretch repayments even beyond the typical 24 months. Some might even offer 0% interest on longer tenures.<\/span><\/p>\n Banks typically have a list of merchants that participate in their 0% interest offerings. See if your favourite stores are part of the deal before applying.<\/span><\/p>\n Read More:<\/strong> <\/span>How Does EPP Credit Card Repayment Work?<\/span><\/a><\/p>\n Apply for a Maybank PETRONAS Visa Gold & win RM100 cashback<\/p>Up to 8x TreatsPoints on weekends and 5x TreatsPoints on weekdays for every spend at PETRONAS Stations.<\/em><\/div> All Maybank credit cards have the advantage of benefitting from the EzyPay scheme. Under this scheme, cardholders can enjoy up to 0% interest rate when they convert their purchase into affordable monthly instalments at selected stores. Check out the outlets displaying the \u201cMaybank 0% EzyPay\u201d sign, at these stores you can purchase pretty much anything using Maybank EzyPay Instalment Plan via your Maybank Credit card.<\/span><\/p>\n You can find a list of participating merchants <\/span>here<\/span><\/a>.<\/span><\/p>\n Some of the best Maybank cards to apply for EPP include:<\/span><\/p>\n Get a free Samsung Galaxy Watch 6 or guaranteed RM150 eWallet<\/p>Earn up to 10% cashback on all retail purchases from petrol to dining and groceries plus a FREE annual fee on your first year.<\/em><\/div> RHB\u2019s easy payment plan is known as the Smart Instalment Payment Plan and will usually require a minimum purchase of RM500 and maximum of 100% of cardmember\u2019s available credit limit. However, no application is required to utilise this feature and no extra fees are charged. All the cardholder needs to do is present the card at an applicable merchant upon purchase.<\/span><\/p>\n You can find a list of participating merchants <\/span>here<\/span><\/a>.<\/span><\/p>\n Good cards to get include:<\/span><\/p>\n Win a RM888 DuitNow or RM200 eWallet<\/p>Spend on all the things you love and earn cashback towards the things you really want.<\/em><\/div> HSBC\u2019s 0% instalment plan offers the usual 3 to 36 month tenures. However, it also allows cardholders access to over 2,000 participating merchants throughout the country, which is a relatively staggering amount of choice. In order to qualify for 0% interest rate, cardholders will need to make a minimum purchase of at least RM300.<\/span><\/p>\n A full list of participating merchants can be found <\/span>here<\/span><\/a>.<\/span><\/p>\n Credit cards to consider include:<\/span><\/p>\n<\/span>What are the things to look out for in an EPP credit card?<\/b><\/span><\/h2>\n
0% interest rate<\/b><\/h4>\n
Flexible tenures<\/b><\/h4>\n
Applicable merchants<\/b><\/h4>\n
<\/span>Top easy payment plan cards<\/b><\/span><\/h2>\n
<\/span>Maybank credit cards<\/b><\/span><\/h3>\n
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Maybank PETRONAS Visa Gold<\/a><\/h4>
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<\/span>RHB credit cards<\/b><\/span><\/h3>\n
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RHB Cash Back Credit Card\/-i<\/a><\/h4>
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<\/span>HSBC credit cards<\/b><\/span><\/h3>\n
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HSBC Live+ Credit Card<\/a><\/h4>
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