Yes you can. Just tell the citi banker to help you BT RM3000

Thanks will do it after finding out the T&C of the CitiBank 0% BT.

Thanks for the Info Gen-X,

From the request form I procure via this link amtransfer I thought it was a reducing balance.

what the best option for me if I want to use balance transfer method to prolonged my payment plan with special interest rate. is it wise of me to do so?

what cards you have now? How much? How Long? These 3 question you need to know first.

If you have read previous posts, PBB and AEON offering 6 month 0%. BSN too if not mistaken.

If you don't have above cards but can settle your debt in 6 months - HLB reducing balance is a good option as the more you pay earlier the less interest you 'll be imposed. If you can only afford equal installments, then maybe AMBAnk 6 months at 4.99% ok lah.

For BT above 6 months:

STEP 1 - keep your credit cards in the drawer until you settle your debt in full. Use cash and you'll sure spend less.

STEP 2 - figure out how much you can repay for the next few months - very important because if you fail to make payment required, you will end up paying 18%.

STEP 3 -compare BT plan monthly payment versus what you can afford from STEP 2 using this calculator and see which one actually charges more interest.

Reminder - STEP 1 is a must else good luck to you and you can forget about STEP 2 and STEP 3.


And when you do settle all your debts in FULL, start afresh by reading my article Introduction to Credit Cards for Beginners

This post has been edited by Gen-X: Mar 8 2012, 02:09 PM

amy bank have 0% interest currently? would appreciate if pros here could tell. or at least better offer if no 0% interest..

bro, I also got apply this 0% BT promotion on feb 2012 and my statement came already.
The BT amount is mix with my normal retail transaction. I dont know how much I should pay in order not to get penalty charges.
So, I called up the CS and the shit Yestin give me the answer is the only way to avoid penalty charges is I need to pay full amount.
Means I need to pay full of my retail transaction + the BT full amount.
What the fu*k question? what is the meaning of 0% 6months BT ?
do you have any idea ?

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Added on March 9, 2012, 8:52 amBro, I also got applied this 0% 6-months BT with reducing balance.
The call centre staff, En. Wafi confirmed with me that I just need to pay 5% of BT outstanding amount in first 5 month, then 6th month pay in full.
And my statement already arrive. The problem is the BT amount is mix with my retail transaction which mean in one same statement.

And yesterday and today I just call the call centre and you guys know what is their answer?

They inform me even now i pay minimum amount, I still will kena financial charges this month.

My feb 2012 statement:
- normal transaction is total RM200
- The bt amount is RM20K

based of my understanding, I just need to pay RM200 in full + the RM1000 (20K * 5%) = RM1200 (it can avoid financial charge)

But, what the CS told me was even though I pay minimum payment, I will still got financial charge unless I PAY FULL???

what was that ? fu*k....then what is the meaning of 0% BT ??????

This post has been edited by v2_vehooi: Mar 9 2012, 08:52 AM

If you refer to your BT T&C, all payments will first be applied towards payment of BT before any retail transactions. It is still 0% for the BT, just that because you had not paid yr retail transactions, you are being charged interest. And as mentioned by many forumers before, once you do BT, keep the card lock up and do not use it until the BT has been settled

This post has been edited by tgeoklin: Mar 9 2012, 11:23 AM

you bt a total of 120k for 6 months or total of 20k for 6 months?
if total of 20k for 6 months, your monthly repayment for the bt will be EITHER
1) 20k/6 = 3333.33 OR
2) 20k/6 x 5% = 166.67

if total of 120k for 6 months, your monthly repayment for the bt will be EITHER
1) 120k/6 = 20k OR
2) 120k/6 x 5% = 1000

it depends on the tnc of your bt when u sign up, both still 0% but (2) is definitely better

Sometime i feel that they offer 0% BT is to tie customer coz of $50 gomen tax

Care to share which bank's 0% BT are you referring to ?

That's why I prefer BT that creates a new account number (e.g. CIMB, HLB and some of MBB plans). Up to today I still don't understand the hierarchy thingy, so better I avoid it.

Or like tgeoklin said, make sure there is no outstanding balance before doing BT and no new transaction until BT settled.

He is refering to CitiBank 0% BT.
After knowing his experience, I decided not to do the CitiBank 0% BT. Too much unnecessary worries.

Citibank 0% BT is so "dangerous".

Just called my leng lui CS and she said no interest will be charged. I made payment %% of BT and full payment for retails side...

Guess need to keep track of the payment..lol

You mean you pay 5% of the BT and full payment for retail transactions to avoid any fees and charges?

This post has been edited by MGM: Mar 12 2012, 05:25 PM

yup

mind to share which bank has the 0% interest BT for now?

UOB's BT 0% program from New-To-Bank may cause me to pay Finance charges for retail spends. .... still getting UOB CS and UOB card agent to clarify for me.

Lesson learned - only go for BT where new account is created or you won't be using the card for your transactions.

This post has been edited by Gen-X: Mar 16 2012, 11:20 AM

I'm going to get it fixed so that I can use the UOB ONE Card + Enjoy BT flexibility.