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 Balance Transfer, What is it actually???

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ronnie
post Jun 1 2011, 12:30 AM

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QUOTE(chemistry @ Jun 1 2011, 12:05 AM)
All my BT to DA were completed within 5 working days. Super efficient I must say.
Btw, I fax to 03-20953690 (DirectAccess BT)
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Another fax no. for reference... that's good.
My fastest was 4 working days to approve.
ronnie
post Jun 1 2011, 09:17 AM

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QUOTE(gerrardling @ Jun 1 2011, 08:59 AM)
great news. hope cimb will extend the promotion also
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I couldn't agree more with you on extending the CIMB 0% 6-month BT program. icon_rolleyes.gif icon_idea.gif
ronnie
post Jun 1 2011, 01:05 PM

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QUOTE(cute_boboi @ Jun 1 2011, 12:33 PM)
I just BT from MBB-CC to CIMB-BT recently (6 months 0%)

Does this mean, i pay the 6 months CIMB-BT every month.
Then I can BT the remaining CIMB-BT back to my MBB-BT (12 months 0%) ???
hmm.gif
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Logically that can be done...
ronnie
post Jun 2 2011, 12:50 AM

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QUOTE(mar_soff @ Jun 2 2011, 12:47 AM)
Hi Guys,

I'm thinking to apply BT from CIMB 6 months plan but i dont have credit card with CIMB. My CC hutang now from RHB bank.Do i need to apply credit card from CIMB also? Or just submit the BT application form?TQ
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Firstly, you need to have a credit card with CIMB, and with sufficient Credit Limit to cover the amount to be transferred.
Someone did comment you can submit your CIMB CC application and BT application together.
ronnie
post Jun 3 2011, 08:39 AM

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CIMB as usual did a wonderful job to complete my BT application within 5 working days.
Submision : 30 May 2011
Payment to CC : 3 June 2011
rclxms.gif rclxms.gif rclxms.gif

p.s. Hope they continue the BT program....until 31 Dec 2011
ronnie
post Jun 6 2011, 09:26 AM

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QUOTE(raul @ Jun 5 2011, 04:55 PM)
anybody can confirm this?
if so, gonna to make a BT with mbb soon.
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According to the MBB CS, the profit charge comes into play if you do not pay the monthly BT amount completely.
ronnie
post Jun 6 2011, 10:29 AM

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QUOTE(raul @ Jun 6 2011, 09:59 AM)
? the minimum payment of 5% ?
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You need to pay the monthly re-payment... Not 5% minimum.

Assume you BT RM12000 to MBB, each month you need to pay RM1000 PER MONTH.
Failure to pay the RM1000, you will be subjected to the Special Profit Charge (aka 17.5% p.a.) on the remaining balance... this where Maybank suck your blood
ronnie
post Jun 6 2011, 11:08 AM

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QUOTE(timetravelller @ Jun 6 2011, 11:05 AM)
what is the fax number to fax for direct access (cimb) BT application? the fax number at the form i downloaded seems wrong 1..
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CIMB Balance Transfer Dept
Phone no. 03-20873422
Fax No. 03-20873588

Make sure you call the phone number ot check after 20 minutes upon faxed over.
ronnie
post Jun 7 2011, 04:17 PM

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QUOTE(zcatz @ Jun 7 2011, 03:58 PM)
i'm would like to ask the same also. any comment (beside ask CS?  whistling.gif )
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Why not ? It's additional "business" to them when you can't pay the monthly repayment.
ronnie
post Jun 13 2011, 10:54 AM

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Any news if CIMB is planning to extend their 6-month 0% Balance Transfer program ending 30 June 2011 ?
ronnie
post Jun 13 2011, 11:13 AM

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QUOTE(alex_cyw1985 @ Jun 13 2011, 10:57 AM)
do we need to keep calling the CS to get update on BT application?
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It's always best to follow-up, especially if the Due Date is very close.
ronnie
post Jun 13 2011, 11:27 AM

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QUOTE(gerrardling @ Jun 13 2011, 11:23 AM)
let say my mbb statement is next week. can i BT to cimb using screenshot or have to wait until the mbb latest statement ?
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You can try but the Maybank2U screenshot doesn't have the full Credit Card number shown...
ronnie
post Jun 13 2011, 08:26 PM

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@pisang: faxed over to CIMB. Then call them to ensure it's received.

CIMB Balance Transfer Dept
Phone no. 03-20873422
Fax No. 03-20873588


This post has been edited by ronnie: Jun 14 2011, 07:34 AM
ronnie
post Jun 15 2011, 08:56 AM

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FYI, my colleague's MBB BT application got approved in 7 working days.
Payment to the CC has not been made ;-)
ronnie
post Jun 15 2011, 09:39 AM

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QUOTE(hyzam1212 @ Jun 15 2011, 09:15 AM)
Payment to CC made after one week approval for my Maybank BT, not sure can say quite fast or not blush.gif
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How many Working days from date of submission to the payment to CC ?
Was the payment made by MBB using Cheque or Giro ?
ronnie
post Jun 15 2011, 01:57 PM

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QUOTE(raul @ Jun 15 2011, 01:54 PM)
mine one applied 7/6, approved 8/6, payment to CC 13/6...
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Wah... Maybank BT so fast already ??!?!? You VIP Maybank ke ?
ronnie
post Jun 15 2011, 02:07 PM

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QUOTE(raul @ Jun 15 2011, 02:04 PM)
i was surprised too... just double checked just now. i reckon if u call to the right person, then their service is pretty fast.
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Care to share the person handling your MBB BT application ?
ronnie
post Jun 17 2011, 01:18 AM

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QUOTE(alex_cyw1985 @ Jun 17 2011, 01:06 AM)
I fax in last week, after 3-4 working days, I call CS, they say never receive any application form :duh: , i resubmit again today.
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Which bank so lousy ?
ronnie
post Jun 18 2011, 12:07 AM

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QUOTE(chemistry @ Jun 17 2011, 01:34 AM)
Just for information.

1. Maybank does NOT accept BT application from another BT account. Strictly CARD ACCOUNTS only.

2. "How do you know it's a card or BT?"
By looking at the account number the bank will know it is a BT or card.

3. Must I transfer 100% statement balance?
No, you can transfer any lesser amount (min RM1,000).

4. Is there early settlement penalty?
No, cardholders may make early settlement anytime without a fee.
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How confirm is Point #1 ?
ronnie
post Jun 26 2011, 09:12 AM

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QUOTE(alex_cyw1985 @ Jun 25 2011, 11:53 AM)
MBB BT Dept has improve, 3 days to approve BUT

they mix up my application and lead to double application =.="

transfer my balance twice...now pending cancellation....
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So funny... now you are in double debt
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