Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsBalance Transfer, What is it actually???
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 Nov 17 2010, 10:39 AM
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#1
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8,425 posts Joined: Nov 2005  
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Have a question regarding Pbbank BT, if I go for the 6 months BT for 1800, meaning every month I'll need to pay 300 right? What if I charge another 300 to the card, if I pay 600, will I be charged with any interest?
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Dec 20 2010, 08:31 PM
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#2
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QUOTE(donpapachino @ Dec 19 2010, 07:13 PM) my chronology below: Did Maybank create another account for the 12 month 0% BT or we cannot use the card anymore after we BT?- 1st day submit application - 4th day call them, say approved already - ~10th day maybank2u already updated the transaction - ~14th day the other bank receive maybank's payment so i guess maybank are very efficient.   |
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Dec 21 2010, 08:56 PM
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#3
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QUOTE(donpapachino @ Dec 21 2010, 06:45 AM) not sure until that detail n i didnt call the other bank. it is stated on the monthly statement. so i believed, it is shorter because need time to clear the cheque also. So, if we pay 1200, still means we pay all...and not to the BT right?no new account, n the instalment will be part of ur outstanding. for example if ur outstanding for the month is 1k. n assume u BT RM2400 for 12 months, 1st month BT: 1000 + 200 so ur total outstanding becomes 1200. it becomes part of ur acc already. |
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Dec 21 2010, 11:06 PM
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#4
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QUOTE(kei18kun @ Dec 21 2010, 09:32 PM) not yet since still hv outstanding balance Do you mean if I pay 1200, I still have 1K outstanding because 1200 go to BT? |
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Jan 10 2011, 02:32 PM
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#5
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QUOTE(donpapachino @ Dec 21 2010, 06:45 AM) not sure until that detail n i didnt call the other bank. it is stated on the monthly statement. so i believed, it is shorter because need time to clear the cheque also. 14 days kind of tight don't you think? Is it 14 working days or include weekends? My statement is currently due 12th, and it was approved on the 6th. So do you think I should wait or should I just bank in the money??no new account, n the instalment will be part of ur outstanding. for example if ur outstanding for the month is 1k. n assume u BT RM2400 for 12 months, 1st month BT: 1000 + 200 so ur total outstanding becomes 1200. it becomes part of ur acc already. |
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Jan 11 2011, 05:15 PM
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#6
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QUOTE(nokiaXP @ Jan 10 2011, 06:59 PM) BT it will show in others acc.Not same as your cc acc. I know, I checked with my statement as well to see the approval date. Anyway, today updated already. Phew. |
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Feb 8 2011, 03:11 PM
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#7
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QUOTE(Gen-X @ Feb 8 2011, 11:59 AM) Thanks for the info. Have you done BT with MBB? If yes, how does the repayment works? I did it once. Split to 12 equals repayment. |
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Feb 8 2011, 08:49 PM
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#8
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QUOTE(Gen-X @ Feb 8 2011, 04:03 PM) yours is 12 months 0%?  But to me it is good enough as I do not intend to pay minimum payment and ended up have to fork out a lot end of the year This post has been edited by jasontoh: Feb 8 2011, 08:50 PM |
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Feb 8 2011, 09:31 PM
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#9
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QUOTE(Gen-X @ Feb 8 2011, 09:28 PM) So MBB 12 month 0% plan is divided into equal installment. Forgot to ask, got separate account for MBB 12 months BT? Thanks. No separate account. It is inside the same credit card account.Well then T&C is should have been written clearer. Guess that answer your question Miles. Now just got to wait for jason to reply on separate account for MBB BT 12 months 0% plan. By the way, FYI CIMB BT no need latest statement. Last time OCBC got 0% interest free, so accumulated charges over 3 months period and fax to CIMB November Statement when I applied for BT in December. |
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Feb 8 2011, 10:07 PM
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#10
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QUOTE(romariotan82 @ Feb 8 2011, 09:51 PM) how long it take to do maybank BT ? I did once only, but it took quite some time from the day i faxed in till I see the amount in my targeted credit card account. 5th day only approved, then about a week later then only can see the amount credited to my credit card account. |
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Feb 17 2011, 08:46 AM
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#11
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QUOTE(MilesAndMore @ Feb 16 2011, 11:15 PM) Faxed my balance transfer application form to Maybank last Thursday. Just called their CS hotline a few minutes ago and was told that the application form is registered into the system just today I did mention Maybank BT process is quite long right? Anyway, the application form registered in the system could mean that it is already approved right? I can only see the deduction in another credit card only at the very last minute. So, you better keep following up. |
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Mar 26 2011, 12:12 AM
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#12
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QUOTE(teikwing @ Mar 23 2011, 10:08 PM) i was told by a a branch customer officer that it's up to 80% of your credit limit. mine was 83% to be exact. I think 100% also can. At least what I was told when I called. But who will do that? Very hard to get exact 100% la |
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