Just wanna ask, for CIMB BT, what would be the best breakdown of payments for maximum gain and no penalties?
Eg,
Dec Approved
Jan Pay 5%
Feb Pay 5%
Mar Pay 5%
Apr Pay 5%
May Pay remaining balance?
Balance Transfer, What is it actually???
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 Dec 25 2011, 12:19 PM
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Dec 28 2011, 10:22 AM
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CIMB BT Application
Emailed on : 20/12/2011 Paid to CC : 27/12/2011 About 5 working days. Btw can any experienced BT'er help answer my previous question  QUOTE Just wanna ask, for CIMB BT, what would be the best breakdown of payments for maximum gain and no penalties? This post has been edited by xjeez: Dec 28 2011, 10:23 AMEg, Dec Approved Jan Pay 5% Feb Pay 5% Mar Pay 5% Apr Pay 5% May Pay remaining balance? |
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Dec 28 2011, 04:07 PM
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QUOTE(winner @ Dec 28 2011, 10:52 AM) It's very simple. Just look at the first statement of your CIMB BT. If the BT is approved and IBG is done on 31-12-11, then you will enjoy 0% interest (so long as you pay minimum every month) for 6 months, until 30-6-12. That means, you need to fully settle the outstanding balance before or on 31-6-12 in order to avoid interest. Thanks, since they don't really tell you when is the last date, based on your explanation will the following scenario be correct ? 31/Dec - Approved Jan - Pay 5% Feb - Pay 5% Mar - Pay 5% Apr - Pay 5% May - Pay 5% Before June 30th - Pay off remaining balance Total interest charged = 0 |
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