Hi all, I have experience in both method of BT - MBB and CIMB. I can share with yours:

1) MBB 12 mth Zero interest

This method is very similar to instalment planning. For eg, if u BT RM12000, then every month you will need to pay RM1000 instalment. Of course, you have option to pay 5%, but every month 1.125% to 1.5% will charges on the outstanding.

For those using this method, please make sure yours settle the outstanding every month.


2) CIMB 6 mth Zero interest

For this method, bank will transfer your outstanding by giving you 6 month free interest period. As long as you settle at least 5% or more on outstanding balance, then no penalty on it for 6 month. For eg, if you transfer RM10000 and assume you settle 5% on oustanding balance for 1st 6 month, then no penalty on it. For month 7, it is advise to settle all the outstanding balance to avoid 1.125% to 1.5% every month.


Both oso got pro and con, but for me, I will strongly prefer 1st method bcos fixed payment with Zero interest for 12 month.

For 2nd method, although they give us a option to settle 5% with zero interest, but please remember "In credit card, when less payment u settle every month, then more outstanding will come in ur future". Some more when come to month 7, urs need to settle one lump sum to avoid interest, if not then more interest will charge on it.

My advise is PLEASE DO NOT LISTEN TO THE CREDIT CARD SALES PERSON to talk too much about this thing. They will compare 2 method make urs confuse and say "how bad for MBB 12 mth Zero interest (Bcos so far in market only MBB offer this planning for BT)" to achieve urs to sign up their credit card.

Lastly, my advise is paid all the credit card's outstanding every month. If urs no money to settle, please don't use ur credit card. No debts then no this thing to worry.

This post has been edited by carlosandy: Feb 16 2011, 04:40 PM

Yalo, after finish paid my debt, I decide to cancel most of credit card to avoid any debt in future.

My advise to young generation: Please do not simply swipe your card if you not able to paid it

Actually now a day, a lot of confuse word from credit card sales person. Just that day, one std charted bank cc sales call me regaring their BT and MBB BT. They try to come out some confuse word like "separate acc" to said MBB BT is cheating ppl and at the end customer will paid more interest.

For me, tat's no separate accounts even in CIMB BT. All the BT will be under same credit card acc, just CIMB offer special Zero interest for 6 mth BT only. Means that, in the 1st 6 month the BT will not charge any interest as long as customer paid RM50 or 5% whichever is higher. And For MBB BT case, it is more or less like Zero interest instalment planning.

So both BT method oso under same credit acc and NO SEPARATE ACCOUNT. I hope in future sales person NO MORE COME OUT ALL THESE CONFUSE WORD to cheat customer sign up their credit card.