CIMB offering 0% for 6months.

But the problem is does the TS has the ability to pay back in that period?
If yes, then balance transfer is better than personal loan. Else TS will be ended with more debt.

I don't think you can get 2 credit cards from the same bank.

If you are able to settle 11k by March next year, then you are not paying RM150 every month.
The interest will be less than that figure but the problem is are you able to settle it in that period?
If yes then you could try with Public Bank balance transfer which charge you 1.5% for 6 months installments.
RM165 interest for 6 months.

Figure out yourself by reading MBF balance transfer T&C.
It is not as easy as you think, you will have to maintain at least RM300 usage EVERY MONTH.


No, normally you can't do that (if you do read Alliance Bank balance transfer T&C then you will know, it is stated CLEARLY).

This post has been edited by roy918: Mar 14 2010, 11:52 PM

Do read the Terms and Conditions properly BEFORE you apply for anything. It has been stated clearly in T&C item 14.

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).

I'm afraid you misunderstood the promotion.
CIMB charge 0% or doesn't charge any interest on Approved Balance (the amount you transferred from other credit card) but finance charges are impose on the outstanding amount (the amount someone not able to settle after billed to them) if someone not able to full settle the equal monthly installment.

Example, balance transfer RM6,000 with 6 equal monthly installments of RM1,000
Say 1st installment of RM1,000 billed to you but you pay RM100 only. CIMB will charge 17.5%pa interest on outstanding balance of RM900 (RM1,000 minus RM100) but they didn't charge anything on RM1,000 installment.

Remember, once the balance transfer approved, CIMB has already PAID for you. The 0% is referring to the interest from when CIMB PAID for you until they bill you the installment.

0% is referring to the Balance Transfer plan but finance charges is on the outstanding amount.

Yes, CIMB allows balance transfer from supplementary card holder.

Only if you have your gf's supplementary card. This is do-able for CIMB credit card.
You can transfer outstanding balance from principal card with banks other than CIMB to CIMB supplementary card.

Ronnie, did you asked UOB CS if the payment channel to retail transaction first before balance transfer?
Not sure if you were told that UOB balance transfer repayment is equal-monthly-repayment (say BT RM6k, each month has to pay RM1k, not 5%).