Cardholders who fulfil the following requirements at the point of conversion is eligible for this plan.
Nationality : Malaysian
Monthly income : Less or equal RM5,000
Payment history : Payment ratio less or equal 10% (12 previous months’ average)
Payment ratio = Total payment / total statement balance (12 previous months)
Your card account is current and not delinquent
1. You will not qualify for future auto conversion if your annual income is above RM60,000 (income registered in HLB system).
2. You will continue to pay down any outstanding instalments from earlier converted balances.
3. You are encouraged to keep your credit card issuer updated on any changes to your income level.