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 Balance Transfer, What is it actually???

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evilspeculator
post Aug 27 2011, 04:03 PM

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Hi,

Sorry if this question has been asked previously.
I just got my CIMB statement yesterday by mail ( Due date is 10 Sept), i will go do Balance Transfer to Maybank 0% 12 months on Monday ( 29 Aug). From the Maybank website it says, the bank will take roughly 10 working days to pay to the other bank. So in this case, if Maybank haven't paid CIMB by 10 Sept, will i be charged interest? Should i pay the minimum payment of my CIMB statement? Please advise. Tq

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