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 Balance Transfer, What is it actually???

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ronnie
post Aug 27 2011, 08:09 PM

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Completed with 2 BT with CIMB. All completed within 3-4 working days.

I need more CL to enable to BT more hahaha.. brows.gif
ronnie
post Sep 2 2011, 06:39 PM

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Try to submit latest salary slip to both banks to get increased CL... It worked for me.
ronnie
post Sep 5 2011, 11:25 PM

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QUOTE(WaCKy-Angel @ Sep 5 2011, 06:04 PM)
Anyone know which bank offering the best balance transfer program now?
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Someone did claim SCB also offers 0% BT program. You need to call the CS to enquire (not on website)
ronnie
post Sep 5 2011, 11:27 PM

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QUOTE(shiroikun @ Sep 5 2011, 08:00 PM)
That's good if you don't need BT. I hope I don't need BT too...Debts ...debts and debts...
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I use BT to make "peanut" monies from the banks as recommended by sifus in this thread.
ronnie
post Sep 6 2011, 11:35 PM

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QUOTE(lamode @ Sep 6 2011, 09:42 PM)
has anyone tried to BT the outstanding on Maybankard 2 AMEX to other bank? is that possible?
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Yes possible... I have done BT from Maybankard2 AMEX & Maybankard2 Visa to CIMB
ronnie
post Sep 7 2011, 07:43 AM

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QUOTE(lamode @ Sep 7 2011, 07:31 AM)
i assume u put an extra "0" infront of ur AMEX card number in the CIMB's BT form ya?
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I did not put the 0... this is a manual processed form by humans.
ronnie
post Sep 7 2011, 02:36 PM

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QUOTE(WaCKy-Angel @ Sep 7 2011, 02:28 PM)
This looks very good...
[attachmentid=2423346]
Can someone do some calculations for me how much would i actually have to pay? Sorry my math sux..
Comparing PBB with BSN...Assuming i pay full amount every month..

For Public Bank
BT Amount: RM5000
Upfront charges 1.5%
Interest: None
Duration: 12 months
Early exit fee: RM100

For BSN
BT Amount: RM5000
Upfront charges: None
Interest: 0.30% per month with 6 months of 0% interest/profit rate
Duration: 12 months
Early Exit Fee: RM100
Btw im abit confused about the minimum payment and interest rate charges...
Lets say if i take 6 months with 0% interest either from PBB or BSN and i only pay minimum every month, so the balance would it get interest charges?
From what i read here looks like there are no interest charges..If that is correct then on the 5/6th month i BT to another bank i would get even longer months to pay back??
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Different banks applies the 0% part differently. Best to call each bank to confirm.
Eg.
Maybank's 0% 12-month BT : divides the BT amount into equal installment
CIMB's 0% 6-month BT : You can pay minimum 5% for month #1 to #5, full balance payment on month #6
ronnie
post Sep 7 2011, 05:50 PM

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QUOTE(shiroikun @ Sep 7 2011, 03:17 PM)
CIMB is the best for BT...this is what i think. I think the promotion for CIMB 0% will ends on Oct or Dec. You need to act fast lor
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CIMB BT program ends on 31 Dec 2011. drool.gif icon_rolleyes.gif
ronnie
post Sep 15 2011, 09:35 AM

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For CIMB BT,

Once we fully paid a BT account, do we need to inform CIMBclicks team to remove it from CIMBClicks ?
ronnie
post Sep 28 2011, 03:40 PM

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QUOTE(gerrardling @ Sep 28 2011, 02:06 PM)
just to confirm that MBB accept BT account from CIMB. MBB is quite efficient nowadays, whole process took 3 to 4 working days
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thanks for the update .... wanted to try also.
ronnie
post Oct 5 2011, 07:48 AM

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Under CIMBClicks, I noticed the BT accounts created 2 months ago, the column "Outstanding Balance (RM)" and "Credit Available(RM)" no longer add to the actual BT total amount.... I wonder why.

Anybody with CIMB BT can check their CIMBClicks if your shows the same thing ?
ronnie
post Oct 5 2011, 01:35 PM

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QUOTE(mustang @ Oct 5 2011, 01:10 PM)
Mine is the same and i have been paying every month the same amount.

eg: RM1200 / 6 = RM200 per month
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If you intend to pay the same amount every month, you should have BT to Maybank which offered 12-month 0% BT program doh.gif doh.gif doh.gif

I pay only 5% each month (1st-5th) to my CIMB BT account and full balance payment on 6th Month.... rclxm9.gif icon_idea.gif wub.gif
ronnie
post Oct 19 2011, 12:54 AM

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CIMB BT Application
Fax Submission : 17 October 2011
BT Account created : 18 October 2011
Payment made to CC : 20 October 2011

p.s. running out of CL to do more BT..... brows.gif

This post has been edited by ronnie: Oct 21 2011, 11:32 PM
ronnie
post Oct 19 2011, 07:59 AM

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QUOTE(Gen-X @ Oct 19 2011, 07:08 AM)
U really maximizing CIMB BT and SCB promo until end of year  tongue.gif
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This how you earn pocket money back from the banks.... drool.gif icon_rolleyes.gif whistling.gif
Let's hope CIMB continue to offer BT 0% in 2012 thumbup.gif rclxm9.gif
ronnie
post Nov 3 2011, 02:53 PM

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Finally fully paid another 2 CIMB BT accounts.... these fully paid account don't go away on its own.
ronnie
post Nov 3 2011, 07:51 PM

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QUOTE(gerrardling @ Nov 3 2011, 05:30 PM)
They still havent remove your BT accounts yet ?
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i had to email to them to get it removed.
I will do the same for these just-paid BT accounts.

Does your CIMB BT account gets removed once fully paid up?
ronnie
post Nov 3 2011, 09:22 PM

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QUOTE(chemistry @ Nov 3 2011, 07:54 PM)
My BT accounts were still there despite zero outstanding balance.
Everytime I log in to CIMB Clicks I will see a long list of credit card accounts , phew`~ rclxub.gif
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just drop the CS an email to remove them. Lousy system, had to be done manually removal.
ronnie
post Nov 4 2011, 10:55 AM

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QUOTE(Gen-X @ Nov 4 2011, 07:08 AM)
Good question, if not, ronnie's CCRIS record would have a long list of BT accounts, hahaha
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Does BT accounts get listed in CCRIS in the first place ?

That's something I didn't check at BNM... Maybe should pay a visit to BNM.
How often can we print the CCRIS ?

This post has been edited by ronnie: Nov 4 2011, 10:56 AM
ronnie
post Nov 7 2011, 12:06 PM

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QUOTE(gerrardling @ Nov 6 2011, 06:03 PM)
got a question here for cimb BT. let say my first cimb BT account statement date is on july 1st. The last statement will be on dec 1st, and i need to settle all my outstanding before 20th dec. Am i right ?
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It's additional 20 days from Statement Date of the 6th Statement you receive to avoid BT interest.
ronnie
post Nov 13 2011, 09:27 PM

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My 2 fully paid CIMB BT account has been removed from CIMBClicks... Not sure was action from my email or automatically....
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