citibank always increase their customer's credit limit annually if their customers made prompt payments during the past twelve months

Alliance Bank is offering new Balance Transfer plan. 6% p.a. for EVER!

The only condition is minimum amount to transfer is RM10k.


I only signup HSBC 6% p.a. for 12 months recently... still a long way to go

are you an Alliance Bank Agent? What so great with BT 6% forever? No one wants to be in debt forever lah.

Let me tell you, Alliance Bank Customer Service is below average. Try calling them after 10pm and see if they are of any help.

Anyway, current offers for BT that are better than Alliance are:

1) HLB 0.5% monthly for 6 months, no penalty for early settlement and interest charges on outstanding balance only. Money transfer to your bank savings or current account. If you guys want personal loan for short period, this is a good offer.
2) PBB 1.5% for 6 months and 2.5% for 12 months.
3) HLB Essential card 1% interest for 6 months.
4) The best in the market, CIMB/Direct Access 0% interest for 6 months with no upfront handling fees or whatever.

Does any bank offer 0% monthly interest for BT?
Admin or one off charges are fine...
Thinking to transfer my 30k balance out from Direct Access.

maybank/amex CC now offer 0% but for 3 months only

mbf said they offer 12 months 0%. dunno good move or not?

how to apply for CIMB balance transfer? cannot find the link in website

thanks

This post has been edited by saiga: Dec 22 2009, 01:16 AM

you got to find out the T&C fir MBF's BT.

for CIMB and DA link below:
http://www.cimbbank.com.my/index.php?tpt=c...on_list&do=card
http://www.directaccess.com.my/index.php?tpt=cimb_da

thanks so much bro . already print the form

about mbf seem need to spent at least rm300 per month using the card if not will be charged RM20 permonth

I want to ask too about MBF balance transfer as I want to cut my Eonbank one. I'm existing MBF card users, my Eonbank outstanding is now 2k. If I transfer to my MBF, what happen if I can settle it all before the 12 months ends? Do I get any penalty?

Can I transfer the outstanding balance from another card (HLeong Bank) different card holder to my credit card (Alliance Bank). Both names are different. Can it be done?

This post has been edited by Star: Jan 26 2010, 04:07 PM

I want to do HLB bt pls contact me

i want to do balance transfer from my maybank cc and cimb cc...total in maybank cc is rm 5300 and my cimb card is rm 7200...total is rm 12500..i want suggestion which bank can i apply balance transfer????

see if this can be done

BT your MBB amount to CIMB 6 months 0% and
BT your CIMB amount to MBB 3 months 0%

Figure out yourself by reading MBF balance transfer T&C.
It is not as easy as you think, you will have to maintain at least RM300 usage EVERY MONTH.


No, normally you can't do that (if you do read Alliance Bank balance transfer T&C then you will know, it is stated CLEARLY).

This post has been edited by roy918: Mar 14 2010, 11:52 PM

OMG ... that's so cumbersome but it's a good strategy as long as you remembered what you have done to avoid interest are being charged later for any late/missed repayment.

For all those that want to perform balance transfer:

1. You need to know how much can u pay for each month
2. Based on the payment capability, choose the best Balance Transfer option that fits to you. No point taking 6 months 0% or 3 months 0% if u're unable to pay the monthly installment.

Below are some survey that I've done. The interest rate shown is for whole duration
1. EON (48 months) - 13.99%
2. AFFIN (36 months) - 3.5%
3. MBB (24 months) - 9%
4. EON (24 months) - 6.99%
5. AFFIN (24 months) - 3%
6. Public (24 months) - 5%
7. UOB (18 months) - 7.5%
8. AFFIN (18 months) - 2.5%
9. HSBC (12 months) - 3%
10. EON (12 months) - 3.99%
11. AFFIN (12 months) - 2%
12. RHB (12 months) - 1.5%
13. CIMB (6 months) - 0%
14. MBB (3 months) - 0%

For those unable to go for 0%, the best option is
RHB (12 months) 1.5%
AFFIN (18 months, 24 months, 36 months)

Hope this helps everybody!

wendymelon,
So if i was looking for a 12 months installment, my best option would be rhb right? Is the interest charge upfront?

Queenie, you're absolutely correct. In terms of when the interest charge is being charged, it differs for different banks.

For RHB interest charge, first 3 months is 0%, then next 9 months 0.167% per month (total up to 1.5% for whole BT duration)

the alliance if u all transfer balance to alliance bank for 4 months...there will be no charging.......somemore will give u rm10 KFC voucher...i just try it this few weeks before.....

cimb 0% balance transfer promotion has extended to sept or oct 2010
mbb is having 3mths 0% balance transfer as well

pbb has the one time off charge at as low as 1.5% interest min 6mths only.