To BT over to CIMB, it mentioned need to submit "Latest credit card statement from the issuing bank"? The statement does it need to capture the amount where I am going to BT over?

Doesn't have to.

hi
if i have BT with cimb mastercard for 2500 for 6 months with 0% interest,
do i need to pay RM416/monthly for 6 months or i can pay full amount 2500 on the 6th month?

You need to at least pay for the min of RM 50 for the 1st five months.

I think it's not min of RM 50 for 1st five months. It's 5% of the current outstanding balance for the 1st five months.

5% of urrent outstanding balance or RM 50 whichever higher. The statement will tell you.

so means that i can pay only rm50 for 5 months. then only pay balance of rm2250 on the 6 month?

For CIMB and CIMB DA yes. The min amount is either RM 50 or 5% of the monthly outstanding whichever HIGHER.

Best way to double confirm with CS.

This post has been edited by David83: Feb 20 2011, 09:00 PM

I think you have to pay 5% min amount of the outstanding amount, i.e. for the 1st month = RM125.

ok
thanx guys

like i said in an earlier post here, must do a sample on how CIMB Balance Transfer work for my blog to share with others. Well done it and to read it click below to read more about CIMB and Maybank BT:

http://creditcardsmalaysia.blogspot.com/20...sfer-plans.html

This post has been edited by Gen-X: Feb 22 2011, 01:06 PM

hi guys,

im in a bit of a situation and hoping u guys can help me.

I have a HSBC cc with outstanding amount of RM6000 and PBB cc with outstanding amount of RM7000.

So, i wana do a balance transfer with MBB 0% interest free for 1 year but yet have to apply their cc. Thats where the problem occur.
Should i tell the MBB cc customer service that i need at least 15K credit limit for the balance transfer purposes? Is that even possible? And the promotion ended at the end of April....so to apply for new MBB cc and to apply for balance transfer before April...that seems pretty tight.

Or should i just continue paying on the individual cards with the interest without doing a balance transfer for a year? (its dumb but this is the last resort)

So, i hope u guys can help me on this matter. Thank you in advance.

Cheers.

You are definitely heading into debt.

You may apply now for the Maybank CC and continue to pay HSBC and PBB... as for 15k CL, it's up to MBB to evaluate your risk profile (VERY RISKY as you owe RM13k now)

There's nearly 1 month to go. You may just fax the application tomorrow and act fast.

Approval to your CC application is 1st thing to worry for.
Approval CC with the offered credit limit is 2nd thing to worry for.
Approval for the balance transfer is 3rd to worry for.

So you have some many things on the plate to worry.

I BT in January from OCBC Titanium to my Amex using 0% for 12 months and approved. If before Maybank promotion ends 30 April 2011, I want to do another exactly same BT, is that possible? Meaning 2 identical BTs but different months?

can i transfer balance from two different CC into 1 BT?

can, usually you can provide more that 1 CC account to ask the BT bank to transfer it

Can we use CIMB BT form for Direct Access BT ?

Hi, I wanted to know did OCBC titanium cards now separate their BT account? or do they still lumsum everything..?

Miles, any update from the maybank? I summit the document at Monday, see when they will approve the application.