i can see it is more for publicty...

there is a cost of fund in the banking industry, i.e. KLIBOR, this is the cost of fund that they need to pay for within the banking industry. With the BT zero interest for 6 months, those who is savvy and discpline in fund management can easily take advantage of it. Can put the money in PNB Funds, Bond Fund or top up OD account to gain the interest difference.

i think you have answered your own question.

this is the answer that i can think of, posting here open for discussion...maybe those who are from the banking industry can enligten us. i may not be 100% right.

but why didn't share your opinion just now?

it is a question cum opinion, not a statement.
sometimes input/feedback from others can inspire you think from other side of the coins. This is what the forum for...

This post has been edited by cheahcw2003: Jul 19 2011, 09:42 PM

you come here just to gather information, not sharing information.

consumers will need to keep the card, higher chance it will be used during the 6 months

aren't i share my opinion? what is wrong for gather info?

nothing wrong. Just I alone beh song only.
Please continue the discussion, your sharing is interesting.

I do not think why they offer such package.

For me, I use the BT and paid RM50 GST for a new CC from CIMB.

Just to make simple calculation, excluding those monthly payment, daily-rest interest, etc.

Let's say I BT 10k for 6 months 0%
The 10k I put into my flexi house loan, let's say BLR-xx = 5% (rounded up, simpler calculation to show here).

Interest saved from housing loan
= (6 / 12 months) x 5% x 10k
= RM250 saved.

Net savings
= 250 - 50 GST
= RM200 saved.

I can come up with the exact figures if you need it, but a bit busy right now.

I must change my perception on Maybank's efficiency when handling Balance Transfer!
I emailed all the scanned images of forms and statements to mbbcardservices@maybank.com.my on last saturday (16/7/2011), just three working days, payment already made to recipient bank ! this is even faster than DirectAccess !

guys, I got a Q here ...

April, I swipe 4k with HSBC, and then later on I BT to CIMB ...
now I thinking to cancel CIMB card, can I transfer the BT in CIMB to Maybank?

I just thinking is it possible to BT on a BT amount?

yes, you can transfer CIMB BT to MBB 12 months 0%.

What kind of application form that we need to fill for this BT to BT application?

This is my plan, but I not too sure whether it works or not.

I'm going to BT from Maybank to CIMB for 6 months 0%.

After the application is successful, then I transfer CIMB BT back to Maybank 12 months 0%.

Is it possible? Will this action affect my CRISS report? Kindly advise

This post has been edited by uhlaw: Jul 23 2011, 12:53 AM

Standard BT Application Form. You really wasting time, transfer here and then there. You should have just charge to CIMB and balance transfer to MBB 12 months because you need to do BT with MBB before end of this year.

As for CCRIS got no idea but for my case I have been dong BT for years and so far it has not affected my application for CC. But you got to know, for my case, the amount of BT I do at any one time is like less than 5% of all my credit facilities.

This post has been edited by Gen-X: Jul 23 2011, 10:14 AM

HI, just for sharing, currently in the market, below bank are offering 0% BT is CIMB, Maybank, BSN, Bank Islam, Public Bank. Beside, that, is there anyone know which bank are offering too ?
Pls sharing to brighten our financial. Thx.

and oh yea btw, the Balance Transfer
is it only for Visa / MasterCard?
say if I swipe 5k with my Maybankard AMEX, can I BT to CIMB 6 months 0%?

You can even do BT with CIMB for American Express Charge Card

are u sure that charge card can do the BT?

This post has been edited by joenjill: Jul 25 2011, 12:41 AM