Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsBalance Transfer, What is it actually???
|
|
 Mar 30 2011, 11:30 AM
Return to original view | Post
#1
|
 
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang   
|
Greetings,
Sorry for asking such question over here. Q : Do I need to apply for that respective bank's Credit Card in order to go for the Balance Transfer program ? ie. From Hong Leong Bank - Maybank / CIMB / HSBC / AmBank ? Thank you. |
|
|
|
|
|
Apr 20 2011, 01:06 PM
Return to original view | Post
#2
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(ronnie @ Apr 20 2011, 10:31 AM) Planning another 0% 6-month BT to CIMB ... and keep the rest of the money in e-Fixed Deposits ;-) Bro.Ronnie, What do you mean by keeping the rest of the money to the Fixed Deposits by conducting BT to CIMB ? .. Mind to explain abit .. Thanks |
|
|
Apr 29 2011, 03:55 PM
Return to original view | Post
#3
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
Does Cash Treat apply interest charges as well just like the cash advance method?
|
|
|
Apr 29 2011, 07:53 PM
Return to original view | Post
#4
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(beyond86 @ Apr 29 2011, 07:42 PM) 14.Cardmember shall select in his / her application a period ("the Cash Treats Period") for the payment of his / her Cash Treats Amount together with the Cash Treats Interest (as hereinafter defined). Thanks for the info clarification. I'll take note of that for HLB and CIMB. ◦The period for payment of the Cash Treats Amount together with the Cash Treats Interest shall be 6, 12,18, 24, 30 or 36 months ("Cash Treats Installment Period"). ◦During the Cash Treats Installment Period, the Cash Treats Amount together with Cash Treats Interest shall be paid by way of equal monthly installments ("the Cash Treats Monthly Installment"). The Cash Treats Installment Period shall be as specified by MBB and at the election of the Cardmember. Neither Cash Treats Installment Period nor the Cash Treats Monthly Installment may be altered. MBB is entitled to and shall charge interest on the Cash Treats Amount ("Cash Treats Interest") for the Cash Treats Installment Period. The Cash Treats Interest at 8.88% per annum may be determined and/or subject to change from time to time by MBB at it's sole and absolute discretion Anyone here conducted BT with CIMB before? Thank you. |
|
|
May 2 2011, 11:45 PM
Return to original view | Post
#5
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(ronnie @ May 2 2011, 11:35 PM) This CIMB BT program is getting addictive... every month can put CC payments into FD to earn some interest (should consider mini cash-backs) I dont really get what you mean Bro.ronnie. I am about to apply BT with CIMB CC that i've got last week. Any special promo at this point of time?- very efficient in processing - can pay minimum 5% each month until full balance payment on the 6th Statement - found a very good use for my first CC (>10 years), else would have canned it. |
|
|
May 12 2011, 03:28 PM
Return to original view | Post
#6
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
Going to submit my application for the 1 Year Tenure tomorrow. Lets see how long does it take to be approved ..
Cheers ! |
|
|
|
|
|
May 23 2011, 11:00 AM
Return to original view | Post
#7
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
I have conducted the BT from HLB to CIMB and the amount of BT had already appeared when I logged in to my CIMBClicks account but then seems like HLB haven't received any payment yet.
How long normally does it take to settle it ? Any idea,guys ? .. |
|
|
May 23 2011, 11:38 AM
Return to original view | Post
#8
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(ronnie @ May 23 2011, 11:33 AM) Give it 1-2 days more... You have around 3-day grace period to settle after the Due Date. Meaning within this week, it will be settled ?  Looking forward for that .. I wonder how come CIMB will reserve approx. RM400 - RM600 in my available credit limit when I just used only like half of the stated amount ? |
|
|
May 29 2011, 11:02 AM
Return to original view | Post
#9
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
Finally my application for BT from HLB to CIMB has been done.
Everything seems to be pretty easy and quick .. |
|
|
May 29 2011, 12:01 PM
Return to original view | Post
#10
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(ronnie @ May 29 2011, 11:13 AM) Should be completed within 5 business days...remember to pay at least the minimum 5% to avoid CC interest. You mean the based on the separated account created for BT or the ordinary CC account ?  |
|
|
May 29 2011, 01:04 PM
Return to original view | Post
#11
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(ronnie @ May 29 2011, 12:55 PM) 5% minimum for the separated BT account they created for the BT amount. Noted on that. I am abit confused with the statement over the CIMBClicks. My scenario are as follow :- BT Amount :- RM3,900 Applied for 12 months tenure with 1% Charges, by default it should be a total of RM3,939 and divided into 12 months right ? Monthly commitment :- RM328.25 But how come its stated over there Minimum Payment :- RM195.00 |
|
|
May 30 2011, 10:52 AM
Return to original view | Post
#12
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(dopp @ May 29 2011, 11:56 PM) Some trick here, 1% is not upfront 1%... I dont really get what you mean,Bro. It is reducing balance , based on your 1% of you outstanding amount Added on May 29, 2011, 11:57 pmCIMB kinda tricky here, you will have to pay min amount of your balance transfer... and the outstanding balance will be charged 1% per annum of reducing bal calculation. Does that means that after paying the minimum amount for about 12 months, the balance will be applied with 1% charges pa and then I will carry on with the payment for the remaining ? Added on May 30, 2011, 10:54 am QUOTE(pisang @ May 30 2011, 07:47 AM) yes, your CL will increase with the amount e.g. 5% you pay. but 5 % is not so much ler. hope this answer your question. Somehow I feel that even after making the payment to the BT / CC account - the process of revising the available credit limit really take some time compare to other banks. This post has been edited by pocketcctv: May 30 2011, 10:54 AM |
|
|
Jun 4 2011, 07:19 PM
Return to original view | Post
#13
|
|
Junior Member
129 posts Joined: Jul 2006 From: 3-001G, Plaza Low Yat,Off Jln Bt. Bintang
|
QUOTE(ronnie @ Jun 3 2011, 08:39 AM) CIMB as usual did a wonderful job to complete my BT application within 5 working days. Thumbs UP for CIMB once again .. they really did well in processing applications and customer service too. Submision : 30 May 2011 Payment to CC : 3 June 2011  p.s. Hope they continue the BT program....until 31 Dec 2011  |
|
Topic ClosedOptions
|
| Change to: |  0.0374sec
 0.72
 7 queries
 GZIP Disabled
Time is now: 10th December 2025 - 12:16 PM |
Quote