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 Balance Transfer, What is it actually???

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alex_leo
post Jan 9 2012, 11:08 AM

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Hi, is it possible for me to swipe a down payment for a car, lets say RM20k, then do BT to another bank... get 6-12mths 0% interest... then keep transfer to another bank when the dateline is near?
alex_leo
post Jan 9 2012, 11:11 AM

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My main point is, if I would like to buy a kancil, instead of paying to the bank interest every month, why don't I swipe it with CC, then pay it off every month without any interest. Then when dateline is near, BT to another bank. This was the idea that running through my mind~

Not to accumulate more debts, but running away from interest

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