so which is the best bank to do BT now?

any comparison chart?

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

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.

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 

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????

it means that i want to BT based on my credit limit...not outstanding balance...hope u understand...

I doubt that could be possible.

Even tough it's possible, you won't be able to get the extra amount in term of cash.

hi, i have a query here..
If my credit limit is RM8k, with RM0 out standing.
What is the maximum BT amount I can make? 100% of my credit limit or less than tat?

hi all,
please enlighten me the following :

1) which bank offers 0% interest BT ? how many months interest free ?

2) which bank has no handling fee ?

3) which bank give free gift for BT ? What gifts?

Thanks !

i saw OCBC brochure 0% interest for 6 months. let say i do 50K BT from Hong Leong to OCBC.
1) That means no interest for 6 months ?
2) Do i need to pay monthly installment to OCBC during these 6 months ?
3) can i make new purchase by using OCBC card during these 6 months ? If yes, will OCBC charge new interest ? Coz i haven't settled the BT yet.

Apology for asking such coz i m new to BT

in this case i can do 50K BT from my existing bank to OCBC for 6 months, then from OCBC to CIMB for another 6 mths, then from CIMB to Public Bank for 6 months again, and then from Public Bank to Maybank for 3 months. i only pay min payment every month. no interest charge and no handling fee. my 50K will be put in FD to earn interest. so good meh ?

You can do a BT to another BT. My friend has done it from OCBC to Maybank (6 months) & back to OCBC (12 months) again.

CIMB Direct Access only required 5% payment each month, on the 6th month only u need to settle your BT amount. Interest will impose from 7th month onwards

Dude, not right man. Someone can pay 5% of every month installment but finance charge will be impose on the balance (payable installment minus 5% minimum payment).

I'm afraid you misunderstood the promotion.
CIMB charge 0% or doesn't charge any interest on Approved Balance (the amount you transferred from other credit card) but finance charges are impose on the outstanding amount (the amount someone not able to settle after billed to them) if someone not able to full settle the equal monthly installment.

Example, balance transfer RM6,000 with 6 equal monthly installments of RM1,000
Say 1st installment of RM1,000 billed to you but you pay RM100 only. CIMB will charge 17.5%pa interest on outstanding balance of RM900 (RM1,000 minus RM100) but they didn't charge anything on RM1,000 installment.

Remember, once the balance transfer approved, CIMB has already PAID for you. The 0% is referring to the interest from when CIMB PAID for you until they bill you the installment.
0% is referring to the Balance Transfer plan but finance charges is on the outstanding amount.

  wow that's great man ! i want to apply for CIMB fast !

due to moving house, i am going to buy a lot of stuffs this month. I estimate the furniture + electrical items will cost more than 50K. i have reserve fund to pay off but i want to let the money grow in my FD.

So it's confirm CIMB or D/Access does not charge interest if i only pay minimum during the BT tenure. How about OCBC, Public Bank and Maybank ?

If OCBC, Public and Maybank also offer 0% interest for BT + 0 handling fee + 0% interest if pay minimum during BT tenure, i want to apply all of them. i can then do BT from my current CitiBank to CIMB 6 months, then OCBC 6 months, then Public 6 months , then Maybank 3 months. My money $$ will keep growing in FD for another 21 months ! 

I dont know about current promo rate frm OCBC, but their approach is different .. they dont open new account like CIMB. They are the worst of the BT ...

example : BT 12K

1 time upfront charge 3% (depending on pkg) = RM360.. then 0% for the BT period

when receive stmt :-
u will be billed RM360
if no merchant transaction, then total outstanding = RM12,360. Minimum pymt = RM618. When u make pymt, the RM360 is NOT PAID off .. (only paid 5% of it = RM18,,,, balance of RM342 kena charged normal int), even if pay more also will go towards BT amount.

But if got merchant transaction, then DAMN confusing.....the payment hierarchy is 5% minimum on TOTAL balance... you will NEVER be able to pay off the merchant transactions (since no separate account for BT and merchant transaction), so in the above example, if your merchant transaction is RM2000, then

balance = RM12,360 + 2000 = RM14,360... min pymt = RM718 ...  the balance is RM13,642
breakdown :-
RM11,400 = BT balance = 0% intrest
RM342 = BT charge ost = 17.5% int
RM1900 = merchant trans ost = 17.5% int

If pay more than minimum payment, the extra will payoff the BT balance.... NOT the merchant or BT charge....

so if wanna use OCBC, then B4/after BT, DONT USE it for merchant transaction ....

Damn confusing? lol ..... no lar    ...

Can you explain it in more details....hmmm dont really understand leh..

it's just a way for banks to make money out of ur mountain of debts.

Now i max my credit limit on my HLB to 4K. Which bank u recommend to do the BT.. say if i can manage to pay it all in 6 mths?

Applying CIMB (new card approved) for 0% for 6 months on 2nd Dec. The bank officer is quite busy, she just took my signature and my latest other bank CC statement. I know this is weird, anyone has any experience with CIMB Balance Transfer? How long this is going to take?

My other CC statement due is 10th. Do you think I should pay the minimum  payment first, considering today is 3rd? Thank you.

I not yet ask the detail, for CIMB Balance Transfer, is it monthly had to a certain minimum amount? let say RM3000 over 6 months, each months is RM500? I can pay more right, or even pay all earlier right? Thank you.

Want to check with you guys whats is the good BT now..currently I'm using UOB, RM 6k & HSBC, RM 7k. Dont think I can manage to settle it in 6 months time. Do you think I get a personal loan better or BT better...advise needed....