don't understand why we get penalised when we settle the debt earlier ????

ic.so if got both logo we can use both and if dont need to use that specific card
tq

today in pepers, maybe BT 0% 12 months

Not all banks practice this.
Just be aware that certain banks will impose penalties upon early settlement of installment scheme. (e.g Citibank)

wow, thats cool

after 2 months u get EON CC, then straight away use EON cc then cimb approve u? so nice i wanna try also.. my EON exisiting CC is 2 months already...

which bank ?

sorry not maybe...typo

maybank
0% 12 months

How does the banks earn from these 0% BT (6/12 mths) + RM0 processing fee ?

Source: http://www.maybank2u.com.my/WebBank/251010.pdf

I wonder there's any processing fee...
Do we get Treatpoints on the amount transferred when we BT to MBB ?

Likely used by the bank as carrot for customer to switch over / customer retention rather than making money.

Need to check their T&C first. Normally when a cardholder holds a card, that's a good chance that he may use that card also for other normal transactions. Unless you burried it somewhere until you finish paying the debt.

I don't think you will get TP, any BT will not get points.

It didn't state whether there is any processing fees in their website (need to call CS) but I remember last time MBB got such fees on any BT or installment. Anyway, there might be some hidden T&C.

This post has been edited by ck3lam: Oct 25 2010, 01:28 PM

Maybank's BT page says ZERO processing fee... not sure if it applies to this promo 0% for 12 months BT.

Can we settle BT earlier for Maybank ?

if the BT is 0%, i don't find any reason to settle them earlier. if got extra money, i'll put it into time deposit rather than pay them.

This post has been edited by rickkywong: Oct 25 2010, 01:41 PM

M a SCB used but i din rec this letter leh

But you still need to pay the minimum 5% every month to the special BT account, right ?

I forgot ... there's a way the bank can make money from 0% BT.
Please check with the bank on how do they classify the payment hierarchy. Best if the BT is actually a separate account rather than part of the main cc account itself. If BT is part of the main cc account then please stop using the card until BT payments is complete otherwise you'll find interest slowly accumulating on your card due to the payment hierarchy issue.

yes, you are right. but then you can place your extra money in the time deposit by monthly & gain some extra monthly interest & withdraw 5% every month to pay the BT...anyhow, it's still better than settle with them earlier without gain. anyway, this is my sharing point of view, maybe somebody else got better idea...

lol.. had just summit da form for cimb CC ... classic card... together wif my 1 month pay slip , ic , & offer letter... coz i have jsut start work for 2 month... n 2nd month payslip haven't get... do u guys think i can approve? btw... my offer letter there salary Rm1600 due to not yet confirm.

This post has been edited by leozai: Oct 25 2010, 03:57 PM

If CIMB are desperate,they will approve your card. I gonna terminate them soon ... didn't give me any benefit also and didn't increase my limit since I hold their card for 2 years alr ..

Try your luck
but I dont swipe much with my CIMB, most of the time I use their Touch n Go card only