Hello ppl..
I got a question.. Im thinkin of doing balance transfer,
Bank Islam currently offering 0.5% / month / 6% per year.
My question is how long they'll be charging me tht 6% ??izzit 6 months ? 1 year ? or more ??
or will the interest will be back to 17.5% after some period ??
need some clarification here plz...

walau all i know is dont do BT with HSBC.....every month i need to calculate how much i need to pay because dunno which smart alec in hsbc build such stupid system that states the whole BT amt + retail txn as my final amt instead of telling me much exactly i have to pay every mth. For some reason its charging me interest eventho i am paying the supposed amt everymonth. Everymonth i have to call hsbc to waive off the interest because of this.

This month i nearly got a heart attack. A Customer Service from HSBC told me that from June 1st, watever i pay to HSBC will be used to cover my WHOLE BT Amount 1st which is lets say i BT over 20k, all monthly payments made will be deducting ONLY the BT amt. So until i finish paying my BT, my retail transaction will not be deducted and will be charged the normal interest rate which is 17%! i was like shouting at her....ARE U SURE? THen tell me y i do a BT with HSBC for? its like DAYLIGHT robbery lor. She didnt even listen to me and keep toking n toking n toking that its HSBC new rule.
geez....nearly got a heart attack. goodness.....tell me this is not true. Later i call twice again and got confirmation that watever monies i pay to hsbc, will clear my Divided BT amt 1st, then my retail. Not wait until i clear the whole BT 1st. HSBC should really checkup on their customer service manz....telling ppl the wrong info. I nearly cut my card there n there. But i am planning to cut oredi la after i kautim my BT....so dem hectic HSBC making me calculate the amt to pay every month!

I have the same situation like you. For the past 2 months have to call to their CS and request to waive the interest. 

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    ...

anyone familiar with cimb BT

in my cimb online statement, i can see a BT was already done on fri (NCE transfer)

but i checked my other cc, balance still not paid off today
normally how long will it take? i tot instanly?

so if I pay the minumum, 4.7k - 235

4.46k, I will be charged 1.5% of 4.46k right?