Citibank got offer wo, forgot how much d, but quite cheap. Check it out.

They didnt said anything about it? any settlement letter or something? I'm not sure, never cancelled any card before

Maybe it offer nothing?

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Added on May 7, 2010, 1:17 am

Then you better keep the slip, heard many cases that when u cancelled the card, it will not really cancelled it or something 1. beware oh

How to avoid the biggest mistake with a balance Transfer

There is no single more important thing to remember about balance transfers than the following.
Never, ever, ever, spend on a card after balance transferring to it!

Why it’s such an expensive nightmare

Credit cards allow us to do a number of different things such as spend on them, shift balances to them or withdraw cash. These are all different transaction types and it’s the interactions between them that cause the problem.

    * Each type of transaction has a different interest rate. While it might be 0% for balance transfers, any new purchases will get a much higher interest rate and cash withdrawals even higher.
    * Your repayments will go towards clearing the debt you transferred first. You don’t choose what your repayments go to, the credit card company does. And lenders will make your repayments go towards paying off your balance which is at a lower interest rate first.

This means the expensive debts from spending are effectively trapped, speedily accruing interest, and you can’t repay them until you’ve cleared all the cheap debt. Thus you can be racking up debt which you will eventually have to repay later. Clearly credit card providers make their money this way because they want you to spend whilst you are paying off your balance you transferred to them. To avoid this situation it would be better to get a second card with a low purchase rate.

wow, 14.99% one time interest
can't you get a better deal somewhere else

Guys,
Quoted from http://www.creditcardfinder.com.au/balance...edit-cards#best

Recently, I took Eon CC Balance Transfer to transfer balance from other bank. It is 48 months plan with 14.99% one-time interest. I have transferred about RM2000 to the card and pay monthly about RM42 (except for 1st month, pay RM300 for the one time interest).

I have a question here. If let say I use the card for a purchase worth RM100, and I pay RM148 before the due date, will RM48 goes to BT and RM100 to the purchase I made? Or all of them go to BT until I settle it?

Thanks.

Where did EON bank put the balance? Directly to your EONbank credit card? If yes then I assume that RM48 will go to BT and the rest will go to your current balance. But if they do it this way I'd strongly suggest swiping more on the same card cause the interest calculation wont be transparent.

I personally do not have any experience with BT other than DA. They did it like this :

Say limit is RM5000, I BT from other cards RM3000.

My DA card now will have a RM2000 limit but a separate account was created to handle BT (with RM3000 balance). So when I pay I have to pay to 2 different accounts.

guys,

even this I ask over and over, I still dont get the concrete answer. ...

I own a maybank petronas card (not ikhwan, just a convensional one) about a year plus and also have outstanding balance on it. Issue is, I dont understand how the charge been apply because I have check my maybank2u statement for 4-5 months, no service charge applied on those outstanding.

FYI, I always pay my card at least minimum payment before the due date. Is that the root cause? If that is the case, I would be happy with the current situation. So I dont need to balance transfer to avoid high % of service charge. .

I hope someone could confirm this. .

Outstanding balance is charged the interest of 1.5% per month ?
Service charge = Late charge fee ? If yes, you don't charge late fee because you pay the minimum payment amount (VERY BAD) before the due date