If you can settle within short period like 1 and half year, BT is a good choice.

If you can do BT better since the interest rate is much lower than Personal Loan. If you can't settle in 6 months, you can opt for 12 months.

I am just curious whether if one can Balance Transfer the Balance Transfer or not. Now Maybank 12 month Balance Transfer is so tempting.

I don't plan to do BT the BT, just curious, still waiting Ambank to CIMB BT.

just know that BSN also provide BT and they got many option also lowest interest than other bank,eg:12 month BT,the 1st 6month is 0%,another 6month is 1%,that better than CIMB or others BUT!its ended in september if im not mistaken

---

Added on December 7, 2010, 8:53 amald check,it end 31 Desember!!



This post has been edited by zero_hour: Dec 7 2010, 10:51 AM

The current DA BT promo expires by end of December. Any idea if it'll be extended further again?

BT war amongst banks has started. I bet it'll extend. Maybe won't be immediately extended but an improved version of BT, LOL. 0% for one whole year, booyah!

I was told by CIMA/DA that CIMB/DA does not accept BT to BT.


However, most of them do have operate CIMB/DA which creates a separate account for BT. This could avoid unnecessary interest charged.

definitely BT is better than personal loan.. the interest rate is always much much lower.. and why worry bout the repayment period? u can always opt to transfer to another bank once the repayment period has ended. the credit card business among the banks is so fierce. they are always campaigning their BT promotion.

For example, Ambank BT 8.99% FIXED INTEREST p.a. with free gift.. many people r blinded by the attractive free gifts like notebook, iphone, phones etc.. but it's definitely not worth it if u take the time to do some calculation and make comparison with other banks. Standard Chartered offer BT 3.8% or 3.9% (not really sure) REDUCING BALANCE p.a. for up to 18 months. Previously Citibank offer 5% p.a. for BT for up to 6 months also..

Most importantly, survey the market and read carefully the TERMS&CONDITIONS .. For example, Ambank charge fixed interest for 2 years irregardless u settle the full payment in the first month or end of 2 years, and there is a lock-in penalty fees if u settle earlier than 2 years.. all these are stated in tiny tiny sentences at the bottom of the contract..

Conclusion, do not be GULLIBLE and do not simply listen to the CC sales people.

Just my 2 cents..

This post has been edited by mandynoh: Dec 8 2010, 03:00 AM

tq for remind,yeah settle earlier also got penalty,donno why

Hello All,

I have a HSBC 7k, which BT would you recommend? i dont think I can do CIMB cos i already have another card there, so another bank i guess. I only have these 2 cards.

Pls advice.

Why is that?
It should be more convenient to have card already there because you save RM50 GST for getting new card from them.

Hi Chemistry,

Can i BT to my existing CIMB card? Even if the available balance in the CIMB CC is insufficient to cover the 7k from HSBC?

Of course you can. But bear in mind CIMB will look into your CL. You don't necessarily look for a card to fully cover the balance.

Chemistry,

Thank you.

CIMB accepts BT which uses 100% of your available CL in your CIMB cc. However, if you wish to do BT of RM7,000 from HSBC to CIMB and the available CL of your CIMB cc is less than RM7,000, then you cannot do BT for the full RM7,000 to your CIMB cc.

u can always apply for another credit card for BT. Many banks waive the Rm50 govt tax to attract customers. Even if they do charge Rm50, i think it is worthwhile in the long run coz u're paying a lot less for the interest..

if u have insufficient CL, u can do BT in 2 different banks.

---

Added on December 8, 2010, 7:25 pmthat's how they earn money. bank is not charitable organization..

This post has been edited by mandynoh: Dec 8 2010, 07:25 PM

Perhaps you can try affinbank. Their interest is the lowest even if you're not in tier 1.
http://www.affinbank.com.my/ccards/BT-Visual-Ad.pdf

BSN so f*** up!all photo copy ic/pay slip/cc need to do myself than bring to them!other bank do it for me free!

That's usual with you're dealing with government agency. BSN is almost like government commercial bank.

can i do BT from my maybank cc to another maybank cc (diff type of account)?