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 Balance Transfer, What is it actually???

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oldJunk
post Apr 19 2010, 04:00 PM

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hi everybody,

i have a few questions...

1. how long will it take to process for balance transfer? 1 day? 1 week?

2. card 1 outstanding balance = rm5k
card 2 oustanding balance = 0
credit limit on both card = rm10k

can i BT from card 1 to card 2 for rm10k so i can get cash rm5k?

thanks in advance..




oldJunk
post Apr 19 2010, 08:38 PM

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QUOTE(David83 @ Apr 19 2010, 06:04 PM)
1. For CIMB DA, it's usually few days within 1 week.

2. You can BT the outstanding amount from card 1 to card 2 provided that both cards are not issued from the same bank. To get RM 5k cash, I cannot get what you meant.
*
it means that i want to BT based on my credit limit...not outstanding balance...hope u understand...

by the way...thanks for the answer...

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