is BT better or let the Interest Rate accumulated if i plan to finish off the O/S balance of 7K within 3 months?

well if you don't want to go thru the hassle for just another 2 months and can pay more than minimum payment I suppose it is not much difference.

Anyway, just to inform all, apply for another BT for my AMEX charged card with DA on 10th Jan last Monday by faxxing in the application form and I called to check today and was informed CIMB have paid to MBB on 14th January. That's 5 working days! However my AMEX online yet to show the payment credited.

is the MBB Balance Transfer real?

12months installment for 0% & no processing and admin fee

Sure is real, you think MBB want play play? Go to MBB website for more info. Read previous posts here, last few pages, got some posts on it.

it is fix balance transfer divide by 12, rite?
means, transfer 6k, monthly rm500?
not the one that can pay minimum payment with no int.

correct me if i was wrong.

thanks

yes, if BT successfully. Cause MBB BT process can be done through fax only. I fax last week, until now no come back yet.

From what i read, it should be like this.

no additional interest / admin / processing fee charge

can we submit the form and statement to MBB branch? or must use fax?

well, i just faxed it over to them yesterday... but not sure whether they are processing it or not...

i faxed the application form together with my latest statement with the outstanding blanace...

I also submitted my CIMB BT using fax.

Anyone interested to do BT 0% for 6 months with HSBC, please do pm me.

Thank you!

any processing fee/ upfront charges?

I received SMS from HSBC on this offer. No upfront/processing fees.
But you can only transfer up to 50 or 60% of your available credit limit.

Don't sign up for their 0% 6-month BT if you have an ongoing 0% IPP in your HSBC credit card. Call them in and they will explain to you.

well, I got a call from HSBC today offering me BT so took the opportunity to ask about what MilesAndMore mentioned. Well if you got like installment, autodebit , etc with your HSBC account, there is a hierarchy on how your payment is made. The girl keep saying no need worry as my record doesn't have any outstanding balance or plans which makes me wonder why would I have problems?. Better to go with CIMB where they create a new separate account for BT approved.

one thing to ask..
does BT will reduce the loan margin to buy house?
or just consider it as installment plan?

that's the term need to be clear if everything is put in one account. ex ocbc, clearly state which item they will clear 1st when make payment.

No processing or upfront charges.


Different bank different procedures. For HSBC, we base on hierarchy payment. Meaning if you make payment, the payment will go to balance transfer then IPP then only to your retail purchases. So it is advisable not to use your card on retail purchases if you have any IPP or Balance Transfer on your card.

Pay attention to statement above from a HSBC guy himself. If you ask me forget about HSBC BT, unless you want some thrill and headache later on.

hierarchy means u need to pay more ?