hlb BT/cash on call, got lucky draw.

has anyone tried to BT the outstanding on Maybankard 2 AMEX to other bank? is that possible?

Yes possible... I have done BT from Maybankard2 AMEX & Maybankard2 Visa to CIMB

i assume u put an extra "0" infront of ur AMEX card number in the CIMB's BT form ya?

No need to put. Understandable.

I did not put the 0... this is a manual processed form by humans.

some goes to cash deposit machine, no need put 0 infornt

thanks guys for the replies

This looks very good...




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??

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

So for CIMB paying min 5% wont get any interest charges?

Nope

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

CIMB BT program ends on 31 Dec 2011.

hope CIMB can extend some more this BT program.

can i register a c.card and use like balance transfer method to buy a car.. so at least the interest rate is lower compare to personal loan.. am i right?

It's not advisable unless you buy a cheap car and you have plenty of credit cards with high credit limits. Let's say u get a 0% for 6 months, you sure you can settle in full amount in the 6th month? else you will be charging 18% p/a. Let's say you transfer it to other credit card, how many credit card is offering 0% BT? Most likely u can see in the market is 6% p/a which is higher than car loan's rate already.

This post has been edited by shiroikun: Sep 9 2011, 01:22 PM

haha im buying a 19years old car soo car loan is definitely out.. its either personal loan or BT, and im only wishing to loan about RM18,000 amount and let it be 2years installment, so far i only sees BSN had the best offer, 24months period with 12months 0% and the rest 0.375% which mean its only 2.25% p.a am i calculated right? so my monthly installment will be RM783.75.. am i right? please correct me.. thanks for ur effort of replying shiroikun

This post has been edited by alwjmonster: Sep 9 2011, 01:45 PM

If it is 0% for 24months then it is a good deal = 18000/24 = 750 per month only

But for 0.375 per month = it should be 0.375x12 = 4.5% p/a , if 2 years it will be 9% by flat rate

(18000 + 1620)/24 = RM817.5 monthly installament

errr shiroikun i think u were wrong.. pls visit http://www.mybsn.com.my/pb_transferplan.html from that table you could see that it offering 12months of interest rate free (0%) and another 12months are to be charged 0.375% interest rate.. so in 2 years time u end up only pay 12months interest..

This post has been edited by alwjmonster: Sep 9 2011, 01:49 PM