Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
10 Pages « < 6 7 8 9 10 >Bottom

Outline · [ Standard ] · Linear+

 Balance Transfer, What is it actually???

views
     
ronnie
post Dec 27 2011, 02:43 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
My MBB Balance Transfer (from CIMB BT account to MBB BT 12-month 0%) was paid to CIMB on 23 Dec 2011
Application appear in their MBB system on 21 Dec 2011.

I submitted the printout from CIMBClicks. Removed the "NCE TRANSFER" and "00/00 Expiry Date" as per advice.

If MBB decides to extend their 0% 12-month BT program, I will continue to "earn free cash"

This post has been edited by ronnie: Dec 27 2011, 02:45 AM
ronnie
post Dec 27 2011, 11:34 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(MGM @ Dec 27 2011, 11:14 AM)
By removing the "NCE TRANSFER" and "00/00 Expiry Date" and submitting it for BT application, would it be considered fraud?
*
Why is that a fraud ? The CIMB CC has my full name.
ronnie
post Dec 27 2011, 11:23 PM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(MGM @ Dec 27 2011, 12:55 PM)
May I know what is your reason for removing the "NCE TRANSFER" and "00/00 Expiry Date" instead of submitting the actual statement ?
*
To avoid MBB from rejecting BT from a BT account drool.gif brows.gif brows.gif
ronnie
post Dec 28 2011, 11:01 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
Any news the CIMB & MBB Balance Trasfer program going to be extended for 2012 ?
ronnie
post Dec 28 2011, 11:35 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(winner @ Dec 28 2011, 11:08 AM)
I also hope that the 0% BT will be extended again. But I last heard from CIMB CS that this 0% BT programme MAY NOT BE EXTENDED.
*
Then time to cancel CIMB credit cards cool2.gif mad.gif sad.gif
ronnie
post Dec 28 2011, 11:38 PM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(shiroikun @ Dec 28 2011, 10:15 PM)
Ya very good deal. Lets calculate this way, 1% 6 months, 2% 12 months??

The interest rate is lower than the FD interest rate... can do a BT to UOB and earn some free cash...haha
*
FD Rate : 3.10% per annum
6 month FD earns you only 1.55% brows.gif ohmy.gif rolleyes.gif sweat.gif
ronnie
post Dec 29 2011, 02:09 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
As usual Gen-X manage to explain with figures.... notworthy.gif notworthy.gif
ronnie
post Jan 1 2012, 12:16 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(arsenal @ Dec 31 2011, 11:33 AM)
any idea CIMB one will be extended?
*
CIMB Balance Transfer no longer listed ....as of 1 Jan 2012
http://www.cimbbank.com.my/index.php?tpt=c...=promotion_list
ronnie
post Jan 2 2012, 12:07 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
I guess CIMB has read this topic on how we "earn cash from BT"
ronnie
post Jan 2 2012, 11:22 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(pisang @ Jan 2 2012, 11:17 AM)
Hopefully, cimb and maybank will extend the 0% BT..... just as what they did beginning of last year.
*
Maybe we should give CIMB a courtesy call to "request" for the BT 0% program.
If they receive enough request, they may just bring it back on.
ronnie
post Jan 2 2012, 11:37 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(pisang @ Jan 2 2012, 11:34 AM)
guess we should do this... especially on cimb. I really feel that its BT is the best among all the bank. Basically no restriction.. e.g can BT from a BT account, accept 'printscreen' statement, can pay just min. 5% for first 5 months, no early exit fee, fast processing time...
*
Because of these "goodies" CIMB decided not to give any more....
ronnie
post Jan 3 2012, 12:24 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(cheahcw2003 @ Jan 2 2012, 03:41 PM)
I called cimb/ DA 2 days ago. They said they are not going to extend the BT. Imagize if everyone pay ontime after 5 months, they hv nothing to gain. I think they are also in line with BNM policy to tighten the consumer credit.
*
Sad news indeed.... BT is very bad for those who doesn't know how to control their CC spending
ronnie
post Jan 3 2012, 10:15 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(gerrardling @ Jan 3 2012, 10:06 AM)
there will be massive cancellation of CIMB credit cards soon
*
Not entirely true... Many would need to settle the BT accounts first, before can cancel the Direct Access/CIMB CC
ronnie
post Jan 4 2012, 10:31 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
Maybe if we try to submit in..... CIMB may just approved it.
ronnie
post Jan 9 2012, 11:09 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(alex_leo @ Jan 9 2012, 11:08 AM)
Hi, is it possible for me to swipe a down payment for a car, lets say RM20k, then do BT to another bank... get 6-12mths 0% interest... then keep transfer to another bank when the dateline is near?
*
Why not ? but this how you get yourself into big DEBT
Why need to buy such expensive car ?
ronnie
post Jan 14 2012, 12:54 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
Anybody tried Hong Leong's Lifetime 5.99% p.a. Balance Transfer Campaign ?

T&C: http://www.hlb.com.my/promo/pfs/cc_lifetime/tc_en.pdf
ronnie
post Jan 16 2012, 12:54 PM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
I did receive a call from HLB offering BT @ 0.45% per month...reducing balance program.
ronnie
post Jan 16 2012, 01:01 PM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
I've just submitted a CIMB BT application this morning. brows.gif brows.gif
I wonder will CIMB approve the 0% 6-month BT application after the expiry date (31 Dec 2011)
ronnie
post Jan 16 2012, 02:32 PM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(MGM @ Jan 16 2012, 02:04 PM)
I like your 'die-hard' attitude.
*
Cos I'm having to pay the RM50 GST in Jan 2012 for Y2012... might as well push the BT program to the max (beyond expiry)
ronnie
post Jan 16 2012, 02:33 PM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(babypao @ Jan 16 2012, 01:57 PM)
Hi Ronnie, do u mind to send me CIMB BT application from as well, i plan to have a try also smile.gif
*
I used the existing BT form... Gen-X blog will have a copy
« Next Oldest · Credit Cards, Debit Cards, Prepaid Cards and Loyalty Cards · Next Newest »
 

10 Pages « < 6 7 8 9 10 >Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0413sec    0.60    7 queries    GZIP Disabled
Time is now: 3rd December 2025 - 11:17 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.