any confirmed news on OCBC's rebate from Jan 1 - Jan X? Any one with the first week of Jan as their their statement date ?

I am still holding off spending for the RM50 rebate until I get a confirmation...

I learnt frm other forum that an OCBC cardmember was informed by OCBC CS that as long as cardmember settles the retail spending in full, then the BT amount will remain zero interest until the 1st day of 7th statement.

I think this kind of BT is better than those separate BT account which requires the cardmember to pay 5% minimum in order to continue enjoying 0% BT interest.

Have you utilised the RM120 Cash-back up to 31 December 2010 ?

So basically we can let the money sit in FD for 6 months then pay BT in full on the 6th month Statement

The T&C in the OCBC balance transfer form are contradicting itself.
At the same of the balance transfer form (not T&C but just some note), it is stated payment will be allocated to purchase first before going to balance transfer.
At the back of the form (which is T&C), it is stated clearly your payment will be allocated to previous month purchases before going to balance transfer and lastly to current month purchases.
So, the CS might be wrong if OCBC system charging interest based on the T&C.

May be we need someone who have done BT to OCBC to confirm this (I did BT to OCBC but have to wait another 2 statements to check out the interest).

I do not see any contradiction between your statement and my statement just now.

Yes, payment will firstly be allocated to retail spending then only BT. That said, your BT remain 0% as long as you settle retail purchase amount in full. So what's the contradiction?

only the 5% portion and that is by advance payment into my telco bill (taking advantage of the extra % rebate for internet bill payment)

Let me copy the T&C for reference.



Do note (see highlighted parts), the payment will be allocated to BT first before CURRENT MONTH purchases.
If you are talking one doesn't settle previous statement outstanding purchases, then you are right.

This post has been edited by roy918: Jan 5 2011, 04:57 PM

I do not see a word 'Balance transfer' from (a) to (f).

Think (f) is unbilled transactions

This post has been edited by zenquix: Jan 5 2011, 06:00 PM

Approved Balance is the balance transferred from other bank.


may be you are right.

Let's not argue the statement anymore. I've already consulted three CS in a day regarding the same issue. All replies from CS are the same.

Even my sister also settled retail purchase only, never heard of her complaint about interest charge. She'll never pay interest except homeloan and auto loan.

Alright, just some discussion to find out what those T&C mean.
So, OCBC BT is as good as CIMB separated account BT.

In my opinion, OCBC BT is 'slightly' better than CIMB BT. Not only because of no need pay 5%, but also without early exit fee. You may fully settle the BT at any time you like within the BT period.

Yeah, you are right if the monthly purchases is more than 5% of your BT amount.
CIMB BT does not charge early exit fee as well.

This post has been edited by roy918: Jan 5 2011, 08:36 PM

Huh really? i tot RM50 will be charged for CIMB?

When OCBC Titanium was just relaunched few months ago, I was informed by the CS that payment would be made towards BT outstanding balance first and thereafter retail purchases. That's why I stayed away from OCBC's BT programme.

HSBC's BT programme is not as famous as CIMB's/DA's BT. Other banks also join the fray by giving 0% interest BT recently. It would better to study the T&Cs thoroughly before enrolling into this programme.

i once tried to ask HSBC agent for the BT services. i want to BT my current installment/outstanding balance to my other card and they told me that there is no charges for that. not sure it is true or not. anyone tried it before?

hey guys, i found out one more thing. i am a Eon GSC card holder. Eon are offering smartphone which is quite good but are they overpriced?

here is the link.

http://www.eonbank.com.my/personal_banking...senq/senq.shtml

This post has been edited by PPZ: Jan 5 2011, 10:50 PM

Are you gonna buy at one go or installment ?
Is your mobile phone very old and defective?
Think twice, bro.