think to avoid confusion, if you only pay 5%, you will need to pay interest on the balance.

A 0% 6-month balance transfer will see the bank charging you your transfer amount/ 6 every month for 6 months, which you pay in full to avoid interest

after i read above, i more confuse, hahaha

For DA BT, very simple. DA will open separate account where you only need to pay 5% of the BT amount (and following months 5% of the outstanding amount) and whatever not paid (i.e. 95% of amount) will be interest free for that month. However must settle in full by end of six months and close the account else will get high interest charges on the 7th month.

Understood. I will clear it in 5 months. I just want to try it and enjoy the free loan too.

BTW, can I do the transfer more than 1 time and still entitle 0% for 6 months?

For example,

Nov 2010, BT 10K from OCBC to DA. Due date May 2011.
Dec 2010, BT 10K from OCBC to DA. Due date June 2011.

yes you can as long as you still have available credit

Great! Will submit my application tomorrow.

just wanna ask you, your OCBC is Titanum and new account?

If yes to above, you will be getting 0% interest for your OCBC until end of Dec. So just BT your OCBC amount to DA next month and enjoy 1 extra month 0% interest for the amount in OCBC.

This post has been edited by Gen-X: Nov 17 2010, 11:36 PM

Yeah, it is OCBC Titanium. I need to transfer it to clear off my current outstanding balance. It is going to hit the limit.

OIC, just as a friendly reminder, with 0% interest free you still got to pay back principal and make sure you have funds on hand today for whatever transactions you make today and not fall into bank trap enticing you to spend what you don't have (i.e. cash).

ah sorry. was under the impression that a balance transfer is akin to a 0% easy payment scheme

oh.icic.From the day i receive the call, it already 10 days passed. Wonder i will get my pre-approved card or not.

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Added on November 17, 2010, 11:55 pmThe statement come first before your CC arrive?

This post has been edited by jonuslee: Nov 17 2010, 11:55 PM

Thanks for the reminder.

Not exactly called statement since i never receive any card statement from maybank but when i checked M2U , the cards account appears just days before they called me to come and collect at the branch. In fact, i don't get any call from them offering pre-approval card. aside then, many moons ago they have called me to offer Amex Gold Card. . It's simply appeared on my M2U after my car loan with Tiger Bank was approved.

Plus, they have given 2 card , Visa and Amex Ikhwan to me.

Just in time for Amex promo 15% cashback for Christmas. LOL.

This post has been edited by johnnyc: Nov 18 2010, 01:05 AM

Depends what card. If Maybank World Mastercard, upon acceptance maximum 48 hours delivered to your doorstep.

may i know which bank offer more benefit for ESSO petrol station?

This card I guess:
http://www.pbebank.com/en/en_content/perso...visa_em_gd.html

Someone posted a detailed calculation on the savings quite a few pages back, IIRC it's the best IF you spend a certain amount (500 I think?) on Petrol every month.

OCBC Titanium MasterCard and Citibank Cash Back VISA Platinum. You'll always get 5% rebate regardless how much you actually spend on fuel every month.

if u use more than rm500/month at esso/mobil, then go for PBE Esso Visa Card. got 6% rebate till March 2011. if u use more than rm800 u get 8%.

if u use less than rm500/month, go for OCBC Titanium.

This post has been edited by erry-: Nov 18 2010, 01:53 AM

and use the Esso Smile Driver Reward Card together too to earn points
if i'm not mistaken, 1000 points can get RM10 worth of fuel

This post has been edited by johnnyc: Nov 18 2010, 02:01 AM

There is a monthly cash back cap for OCBC Titanium (RM50 from 1/1/11 onwards) and Citibank Cash Back Platinum (RM30 for petrol).

1,000 ESSO points = RM15 fuel actually, equivalent to additional 1.5% cash back. Every RM1 spent at ESSO will give you x1 ESSO reward point.

This post has been edited by winner: Nov 18 2010, 04:31 AM

Any Alliance card members got their invitation to the Platinum Top Spender Challenge this Dec 4 at Genting yet?