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 !

but when u applied for the credit card we already incurr RM50 gov tax...not worth if u only do BT of RM2500 and below

BT no interest charge means if you pay full amount each month, then there is no interest charges to the outstanding balance.
eg: you do 60k BT for 6 months, so each month need to pay 10k. If you pay 10k per month, the interest for the balance (50k) is free

but you seems to think that you can only pay the min 5% right, and get no interest charge ? You can do that, but the balance 9500, the bank will charge you 17.5%. (RM138)

So to those who do BT but didn't pay full amount, you're actually paying more interest than the 1st bank interest ie: 13.5% (if your payment is good for past 12mths)

If there is anyone reading this and you've done Citibank BT, I laugh at you, ha ha. You got time and excel, try to count it out. It is not worth the hassle. If you happen to take Citibank BT but didn't pay full amount, then me and Citibank will laugh even harder as you're paying more than your initial cc interest (13.5%)

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).

For CIMB 0% BT, you only need to pay minimum 5% of the amount in the BT account and it is not divided into 6 installments as you mentioned.

Here is how it works, I know because I have done BT with them, one cleared in full and the other still active and both not imposed a sen of interest.

Example, do BT for RM10,000 and you'll be assigned a separate BT account from your main card account.

First month, need to pay minimum RM500 (5%) and balance RM9500 carried forward to next month without any interest charges. You may pay more than the minimum 5% if you want.

Second Month, need to pay 5% of RM9500 which is equals to RM475 towards to BT account. The new balance in the BT account will then be reduced to RM9025 and no interest will be charged again. Once again you may if you wish pay more.

Same thing for 3rd, 4th, 5th and 6th month must pay minimum 5%. Comes the 7th month, you must settle the amount in the BT account in full or else you will be imposed interest charges.

However, not sure what interest will be charged if one fails to pay the 5% minimum besides contributing to having a bad credit record. But if one cannot afford to pay the minimum 5% for BT then that guy is in deep shit and stupid do to a BT in the first place.

a very interesting question. pls see my example below:

Let say i have credit limit 50k for CIMB and 30k for Public Bank. i charge a total amount of 30k on CIMB and 20k on Public Bank.

i will first do BT of 20k from Public Bank to CIMB. After that i will do 30k BT from CIMB to Public Bank. Can this be done ? Can i do BT from Public Bank to CIMB although i still owe CIMB 30k ?