Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsBalance Transfer, What is it actually???
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 Mar 25 2011, 09:18 AM
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#1
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Senior Member
5,580 posts Joined: Jan 2005 
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guys,
let say I have 2 credit cards as below: A cc with outstanding RM5k B cc with outstanding RM0k Both, A and B card offering 0% BT for a certain period, say 6 months. At first, I BT from A to B. After the 6 months, can I transfer back from B to A to enjoy BT 0% benefit? TQ.. |
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Mar 25 2011, 09:58 AM
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#2
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Senior Member
5,580 posts Joined: Jan 2005
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QUOTE(airline @ Mar 25 2011, 09:50 AM) So many banks offer 0percent meh? I own mbb n cimb .. so that is enough to play around with these 2 if allowed .. possible?As I know maybank, cimb, hsbc  |
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Mar 4 2012, 10:03 PM
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#3
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Senior Member
5,580 posts Joined: Jan 2005
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QUOTE(oldman8088 @ Feb 29 2012, 02:29 PM) 4.2% reducing balance ~ 4.2 effective rate Is that mean HLB BT which offering 0.5% per month is actually 12% p.a (because it based on initial balance instead of reducing balance)?4.2% flat rate ~ 8.4% effective rate Conclusion hlb ~12% effective rate where housing loan ~4.2%effective rate |
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