hi all,
please enlighten me the following :

1) which bank offers 0% interest BT ? how many months interest free ?

2) which bank has no handling fee ?

3) which bank give free gift for BT ? What gifts?

Thanks !

about BT, what's the max amount i can transfer from 1 bank to another ? Can i BT something like 80K ? i got money to pay off but i want to take advantage of interest free. Will this affect my financial track record ?

i saw OCBC brochure 0% interest for 6 months. let say i do 50K BT from Hong Leong to OCBC.
1) That means no interest for 6 months ?
2) Do i need to pay monthly installment to OCBC during these 6 months ?
3) can i make new purchase by using OCBC card during these 6 months ? If yes, will OCBC charge new interest ? Coz i haven't settled the BT yet.

Apology for asking such coz i m new to BT

in this case i can do 50K BT from my existing bank to OCBC for 6 months, then from OCBC to CIMB for another 6 mths, then from CIMB to Public Bank for 6 months again, and then from Public Bank to Maybank for 3 months. i only pay min payment every month. no interest charge and no handling fee. my 50K will be put in FD to earn interest. so good meh ?

wow that's great man ! i want to apply for CIMB fast !

due to moving house, i am going to buy a lot of stuffs this month. I estimate the furniture + electrical items will cost more than 50K. i have reserve fund to pay off but i want to let the money grow in my FD.

So it's confirm CIMB or D/Access does not charge interest if i only pay minimum during the BT tenure. How about OCBC, Public Bank and Maybank ?

If OCBC, Public and Maybank also offer 0% interest for BT + 0 handling fee + 0% interest if pay minimum during BT tenure, i want to apply all of them. i can then do BT from my current CitiBank to CIMB 6 months, then OCBC 6 months, then Public 6 months , then Maybank 3 months. My money $$ will keep growing in FD for another 21 months !

a very interesting question. pls see my example below:

Let say i have credit limit 50k for CIMB and 30k for Public Bank. i charge a total amount of 30k on CIMB and 20k on Public Bank.

i will first do BT of 20k from Public Bank to CIMB. After that i will do 30k BT from CIMB to Public Bank. Can this be done ? Can i do BT from Public Bank to CIMB although i still owe CIMB 30k ?

This post has been edited by truelife: Sep 22 2010, 04:44 PM

i wanna do this because currently both CIMB and Public Bank have BT promotion 0% for 6 months.

just found out that OCBC can allow us to transfer to OCBC up to 60% of the available credit limit only. Maybank is 70%. the best is CIMB, 100% !

i have a question: let say i have transferred outstanding 50k from Citibank to CIMB for 6 months plan. in the middle of these 6 months, can i do another BT from Citibank/or other bank to CIMB again ?

must i wait till getting credit card statement then only can apply for BT ? can i use just show unbilled transaction in internet and print out this ?

i mean, can i show unbilled transaction to CIMB ?
Eg. my current statement due date is 1 Oct, outstanding 1k. i spend 10k on 27 Sep, shown in internet but will be reflected in my next statement with due date 1 Nov. Becoz i have not receive the new statement yet, can i do 10k BT by showing the unbilled outstanding of 11k printed from internet to CIMB ? Or should i wait the new statement to come then can only do BT ?

Thanks

thanks. i have to wait for statement come then can do BT.

will BT affect my CCRIS record if i pay minimum to CIMB every month ? can i get a car loan or housing loan during the BT period ?

any freebies for BT from CImb ?




This post has been edited by truelife: Oct 3 2010, 07:03 AM

anybody can answer my question about the CCRIS thingy ?