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 Balance Transfer, What is it actually???

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kcpanadol
post Jun 1 2011, 02:32 PM

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QUOTE(pisang @ Jun 1 2011, 11:23 AM)
the answer is "Yes"


Added on June 1, 2011, 11:24 am

pls spend a little time to browse CIMB website. the BT form should be available for downloading.
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I already search through CIMB website but can't find any ... even under Application forms section also don't have /..
Mind to provide me the correct address to download the form.

Thanks
pisang
post Jun 1 2011, 02:39 PM

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QUOTE(kcpanadol @ Jun 1 2011, 02:32 PM)
I already search through CIMB website but can't find any ... even under Application forms section also don't have /..
Mind to provide me the correct address to download the form.

Thanks
*
http://www.cimbbank.com.my/index.php?ch=43...8&tpt=cimb_bank
kcpanadol
post Jun 1 2011, 02:48 PM

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QUOTE(pisang @ Jun 1 2011, 02:39 PM)
Thanks bro
Gen-X
post Jun 1 2011, 04:20 PM

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QUOTE(milentechie @ Jun 1 2011, 02:26 PM)
MBB BT is not zero entry cost though there is no processing fee. See the T&C below. You will be charged the profit charge.

3. Minimum transfer amount for the 6 months to 12 months plans is RM1,000 and for the 24 months to 36 months plans is RM2,000.The special Profit Charge will be valid from the date of
posting (“Date of Posting”) for period of 6 months at 0.5%, 9 months at 0.75%, 12 months at 1%, 24 months at 0.375% and 36 months at 0.413%. At the expiry of the Special Profit Charge
period for the 6 months to 12 months plans, a normal finance charge of 1.4583 % per month (or 17.5 % p.a) calculated on a daily basis will be imposed until the date of repayment in full.

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I guess MBB never updated their T&C, see back previous posts, Prior to the 0% 12 months BT Plan, MBB had a 1% 12 months plan, I too had reservations about the 0% 12 months plan and highlight it then. I did do a transfer like many here where I "transferred" my CIMB BT account which was about to end to MBB end of April and no charges were imposed.

This post has been edited by Gen-X: Jun 1 2011, 04:21 PM
shiroikun
post Jun 1 2011, 05:21 PM

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QUOTE(Gen-X @ Jun 1 2011, 12:36 PM)
Maybank's 0% BT 12 months split to equal payments.

click below link to read my previous article between Maybank vs CIMB Balance Transfer

http://creditcardsmalaysia.blogspot.com/20...sfer-plans.html
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Can conclude that, CIMB BT is the best which you can pay 5% for the first 5 months. the 6th Month transfer the balance to other CC again. This will save alot...
Titan_Gunners
post Jun 1 2011, 06:13 PM

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"The Balance Transfer promotion - 0% for 12 months and Balance Transfer within Maybank Credit Cards ends 31 December 2011."
I copy form MBB website.

What means by Balance Transfer within Maybank Credit Cards ?? rclxub.gif


bingozero
post Jun 1 2011, 07:38 PM

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QUOTE(Titan_Gunners @ Jun 1 2011, 06:13 PM)
"The Balance Transfer promotion - 0% for 12 months and Balance Transfer within Maybank Credit Cards ends 31 December 2011."
I copy form MBB website.

What means by Balance Transfer within Maybank Credit Cards ?? rclxub.gif
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Thats mean you transfer the balance from maybank credit card to another maybank credit card.
SUSDavid83
post Jun 1 2011, 07:51 PM

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QUOTE(bingozero @ Jun 1 2011, 07:38 PM)
Thats mean you transfer the balance from maybank credit card to another maybank credit card.
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Like that also can! sweat.gif
ck_boon
post Jun 1 2011, 07:55 PM

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me 2, i looking for ppl to bt my uob bank, which bank best?
raul
post Jun 1 2011, 07:56 PM

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1. The Balance Transfer promotion - 0% for 12 months and Balance Transfer within Maybank Credit Cards ends 31 December 2011.

2. Balance Transfer within Maybank Credit Cards is only applicable for 24 & 36 months Plan.

SUSDavid83
post Jun 1 2011, 07:58 PM

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Wondering if can BT from MBB2 AMEX to MBB2 Visa. hmm.gif
Gen-X
post Jun 1 2011, 07:59 PM

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QUOTE(David83 @ Jun 1 2011, 07:58 PM)
Wondering if can BT from MBB2 AMEX to MBB2 Visa. hmm.gif
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haha, separate account, should be able to but you gonna be imposed interest for the 24 and 36 months BT.
boonykun
post Jun 1 2011, 08:24 PM

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Just got MBB2 , and now i found out need to clear out some debts in the old cards, FD's Period will only be ending @ august... and i am short of $$..

So.. Lets see..i have HLB, Citi, and Mbb2.

HLB~5k, Citi ~ 2k

=> Mbb2 = 7k in total

/ 12 since that's the Only 0% i see = 583.33?

No Entry Costs, Processing Costs? and etc etc?

Wanted to do shortly after dinner, already filled up form, if ok, Fax, if not Ok, off the drain, or change plan smile.gif

Tq
mar_soff
post Jun 2 2011, 12:47 AM

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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


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.
pisang
post Jun 2 2011, 07:44 AM

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QUOTE(Gen-X @ Jun 1 2011, 04:20 PM)
I guess MBB never updated their T&C, see back previous posts, Prior to the 0% 12 months BT Plan, MBB had a 1% 12 months plan, I too had reservations about the 0% 12 months plan and highlight it then. I did do a transfer like many here where I "transferred" my CIMB BT account which was about to end to MBB end of April and no charges were imposed.
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i'm wondering how can we get confirmation that the current new 12mts 0% is real , just like before.
milentechie
post Jun 2 2011, 08:51 AM

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QUOTE(Gen-X @ Jun 1 2011, 04:20 PM)
I guess MBB never updated their T&C, see back previous posts, Prior to the 0% 12 months BT Plan, MBB had a 1% 12 months plan, I too had reservations about the 0% 12 months plan and highlight it then. I did do a transfer like many here where I "transferred" my CIMB BT account which was about to end to MBB end of April and no charges were imposed.
*
When did you do the BT? I remember MBB had a similar BT promotion that ended on 31 Apr. I think this is a new BT promotion where profit charge is imposed. Maybank2u website is down at the time of writing. I am unable to show you the link.

Edit: Here's the link Maybankard Balance Transfer Programme

This post has been edited by milentechie: Jun 2 2011, 09:59 AM
romariotan82
post Jun 2 2011, 08:53 AM

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Hi Guys,

I already done a BT on April - MBB . Is this possible for me to apply again from MBB 12 % -0%


hyzam1212
post Jun 2 2011, 09:10 AM

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QUOTE(milentechie @ Jun 2 2011, 08:51 AM)
When did you do the BT? I remember MBB had a similar BT promotion that ended on 31 Apr. I think this is a new BT promotion where profit charge is imposed. Maybank2u website is down at the time of writing. I am unable to show you the link.
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Yeah, i managed to get the BT last minute via applying MBB2 cards before 31st April. I heard now they increase it back to 1% (previous T&C) if i'm not mistaken bcoz I got some problem during the approval process and they did mentioned about the 1% if my application/approval surpass the dateline. FYI MBB site sometime never update one, better check with their branch
Gen-X
post Jun 2 2011, 11:27 AM

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QUOTE(hyzam1212 @ Jun 2 2011, 09:10 AM)
Yeah, i managed to get the BT last minute via applying MBB2 cards before 31st April. I heard now they increase it back to 1% (previous T&C) if i'm not mistaken bcoz I got some problem during the approval process and they did mentioned about the 1% if my application/approval surpass the dateline. FYI MBB site sometime never update one, better check with their branch
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No, don't check with branch, the staff there may not be aware of the promotions offered for credit cards. Call customer service.

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