Woot! Just noticed that CIMB extend the 6 months 0% BT 'till the end of December, so took advantage of it and made another transfer after settling the previous BT last month. That's two 0% BT made in this year, thanks CIMB Might consider keeping the card if this promo keep on extending

Hi all!

Newbie here, I wanna ask something about BT...

I must have debts for months only I can apply for BT??

If I want to apply BT in M bank, then I must apply a CC from M bank first is it??

Or is it that, directly I apply for BT in M bank, then if they approved, then will issue me M bank CC??

M bank pays my debt in A bank, I still can use my CC in A bank??

THANKS

O+Aug 17 2011, 04:31 AM-->

Hi Gen-X. Thanks a lot for your answers. Seems like you got a great blog, bookmarked!

hello, may i ask what's the max. of the CL can be used for BT?

a) CIMB CC ?
b) Maybank CC ?

i called cimb this morning. i was told that i can use 100% of the credit limit for BT.

thank you.

can maybank allow another BT if you already have 1 existing BT running ?

---

Added on August 26, 2011, 9:06 ama. 100%
b. 80%

This post has been edited by gerrardling: Aug 26 2011, 09:06 AM

As long as you have sufficient CL in your Maybank CC

Tks.


For maybank, "sufficient CL" means?
80% of the CL as what gerrardling said?

let say u have 10k. they only allow u to use 8k for BT

regarding balance transfer is transfer the ur debt from one bank to another bank will lowest rate and installment plan. Issit possible to convert the credit card debt to installment plan, jst like balance transfer but in the same bank.

Let said we have 3 card here:-

Card A, maybank : Gold card , debt = 5000
Card B, maybank : Amex, debt = 5000
Card C, maybank : Visa, debt = 5000

so the total dept which 3 cards is 15K, issit possible to sum all the outstanding balance and convert it to installment plan with lower rate.

Just an example here. Hope can get more info. Thanks.

alrite. tks.

for maybank, intrabank bt dont have 0% program

Does CIMB still has 0% 6 months before end of September? Thanks. So far, tried 2 times, CIMB is quite effective.

Hi,

Sorry if this question has been asked previously.
I just got my CIMB statement yesterday by mail ( Due date is 10 Sept), i will go do Balance Transfer to Maybank 0% 12 months on Monday ( 29 Aug). From the Maybank website it says, the bank will take roughly 10 working days to pay to the other bank. So in this case, if Maybank haven't paid CIMB by 10 Sept, will i be charged interest? Should i pay the minimum payment of my CIMB statement? Please advise. Tq

on 10 sept, if u don't see the money in ur cimb, pay at least minimum

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

I need more CL to enable to BT more hahaha..

is not 0% or charge balance transfer...wat i means is convert the total of credit card debt to installment plan....

If you hold an SCB card, their marketing team will offer you LOW INTEREST RATE CASH ADVANCE.
You may utilize this fund to cover your debts first, then you repay the money to SCB.

Yes, you should pay minimum to CIMB in case MBB delay in processing the BT application. Moreover it is Raya and many people will be on leave.

noob question: after BT been approved, when do u start paying?