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 Balance Transfer, What is it actually???

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ronnie
post Jun 26 2011, 11:13 AM

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QUOTE(alex_cyw1985 @ Jun 26 2011, 09:24 AM)
yea...and overpayment on the other bank ...
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I wonder how they going to recover the money after being IBG over... hehehe
ronnie
post Jun 28 2011, 12:10 AM

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For CIMB BT program, if we cancel the principal CIMB card, do we need to settle all remaining BT accounts in one go ?
ronnie
post Jun 28 2011, 07:27 AM

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QUOTE(chemistry @ Jun 28 2011, 01:54 AM)
I think so.
Balance transfer account is attached to credit card account, because it withdraws credit limit from our credit cards.

Speaking of this, my mother managed to maintain her DirectAccess Premier Plus Account (PPA) despite the termination of her DA supplementary card. This PPA is indeed an ideal choice for those who have difficulty maintaining certain fund balance in the account.

Added on June 28, 2011, 1:55 amI called and asked DA CS just now. Extension of 0% BT is confirmed. Black & white statement has not been published yet however.
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Why would a DirectAccess Premier Plus accout be tied to a Direct Access CC ? We get monthly interest too.

Let's wait for official not on CIMB website....
ronnie
post Jun 28 2011, 03:23 PM

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One more CIMB BT Application before the 30 June 2011 cut-off
1. Faxed in on 28 June 2011
2. Approved on 1 July 2011
3. BT account displayed in CIMBClicks on 3 July 2011
4. Paid to CC on 4 July 2011

This post has been edited by ronnie: Jul 5 2011, 09:22 AM
ronnie
post Jun 29 2011, 02:24 PM

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Yes you can submit another CIMB BT application, after a few days.
Approval depends on your credit limit.

Is there a limit of BT account can be created by CIMB ?
ronnie
post Jun 30 2011, 11:29 AM

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QUOTE(Titan_Gunners @ Jun 29 2011, 06:20 PM)
CIMB extend 0% BT to 31/12/2011.  rclxms.gif
http://www.cimbbank.com.my/index.php?ch=43...0&tpt=cimb_bank
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As expected...this time without 12-months 1% Balance Transfer
ronnie
post Jul 3 2011, 12:15 PM

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From June to July, there's approx 15k approved BT application by CIMB.
This based on the BT account no. created...
ronnie
post Jul 4 2011, 12:33 PM

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QUOTE(psychodize @ Jul 4 2011, 11:20 AM)
hello all sifu outthere notworthy.gif , I'm seeking for BT to clear my CITI & SCB debts, can u suggest which bank have the lowest offer??
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CIMB offers 0% for 6-month.
MBB offers 0% for 12-month
ronnie
post Jul 4 2011, 11:51 PM

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QUOTE(fahrur_07 @ Jul 4 2011, 06:20 PM)
cimb bt got penalty charge ar if settle early?
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Nope... but why settle earlier ? Put the money in FD better
ronnie
post Jul 5 2011, 09:23 AM

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One more CIMB BT Application, submittred before the 30 June 2011 cut-off date
1. Faxed in on 28 June 2011
2. Approved on 1 July 2011
3. BT account displayed in CIMBClicks on 3 July 2011
4. Paid to CC on 4 July 2011
ronnie
post Jul 7 2011, 03:59 PM

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QUOTE(gerrardling @ Jul 7 2011, 03:49 PM)
for transfering cimb BT to other bank , what to fill in card expiry field since there is no expiry date for cimb BT account ?
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Why do you need the Expiry Date ? Due Date is more relevant.
ronnie
post Jul 13 2011, 10:14 AM

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QUOTE(andyfriends @ Jul 13 2011, 10:12 AM)
which bank has the following features on BT for an amount exceeding RM15k?

1.  longest repayment period
2.  0% upfront/charges
3.  best freebies?
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There's no such BT program which offers features 1,2 & 3 together

1. Ambank 36 months @ 8.99% p.a.
2. CIMB 0% for 6-month, MBB 0% for 12-month
3. Ambank gives an iPad2
ronnie
post Jul 13 2011, 06:19 PM

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QUOTE(steventan85 @ Jul 13 2011, 05:59 PM)
can i do BT more than my outstanding balance ?

like i have RM2k outstanding and i wanna do BT for 3k ..possible ?
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CIMB doesn't allow that.
ronnie
post Jul 16 2011, 09:10 PM

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When I make the monthly 5% payment to CIMB BT account, the CL for the Principal CC doesn't increase, only increase in the BT account only... as per CIMBClicks.
ronnie
post Jul 25 2011, 01:47 PM

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Today completed another BT application with CIMB's 6-month 0%.
"AMEX + Visa + Mastercard combo"

There's another URGENT fax number for CIMB BT application at 03-20873688

This post has been edited by ronnie: Jul 25 2011, 01:47 PM
ronnie
post Jul 26 2011, 05:32 PM

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CIMB Balance Transfer approval took only 1 day !!! rclxm9.gif
Form submission : 25 July 2011
BT Approval : 26 July 2011
BT Account shown on CIMBClicks : 26 July 2011
ronnie
post Jul 26 2011, 11:21 PM

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QUOTE(chemistry @ Jul 26 2011, 10:53 PM)
That was really super fast!
Competition between MBB and CIMB  thumbup.gif  we the cardmembers are the beneficiaries.
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Considering the person handling my case asked if I need it to be URGENT... I said YES, without a doubt.
And it does happen very fast. Definitely keeping my DirectAccess CC just for these 0% BT.
ronnie
post Aug 8 2011, 10:14 AM

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I have a SCB Supplementary Card under Wife's name.
Can I transfer the amount from that SCB card to my CIMB BT program ?
ronnie
post Aug 9 2011, 09:10 AM

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QUOTE(duckaton @ Aug 9 2011, 12:14 AM)
you talk like no talk.
I am impressed how you do that.

if a person can manage spending before apply cc,
he no need the cc in the first place.
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Those who manage good finance, would get a CC to earn Cash rebates... and use BT to earn even more money.
ronnie
post Aug 26 2011, 09:10 AM

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QUOTE(gerrardling @ Aug 26 2011, 09:04 AM)
can maybank allow another BT if you already have 1 existing BT running ?

Added on August 26, 2011, 9:06 am

a. 100%
b. 80%
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As long as you have sufficient CL in your Maybank CC
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