FAQ On BT Topics

In the spoiler are some of the most commonly asked questions in the thread. So I have compiled them here for easier reference as not to repeat the same question all over



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Listed below are banks current offering of Balance Transfer (BT) program

As I do this on a non regular basis, so if there is any update on the balance transfer offering or mistake in my post, pls let me know by PM so that I can update / correct it

Disclaimer : I am not responsible for any financial issues arise from using the information provided. As I cannot list down all the T & C impose by banks, pls make sure you double check with the banks on the BT topics before you make any of your decision

Thanks

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Banks Currently Offering 0% Balance Transfer



Banks Currently Offering <= 3%/yr Balance Transfer



General Balance Transfer Offering

Bank Name : Public Bank


Bank Name : Maybank


Bank Name : RHB


Bank Name : RHB Islamic


Bank Name : Aeon Credit Service


Bank Name : AmBank


Bank Name : Al Rajhi Bank


Bank Name : BSN


Bank Name : CIMB


Bank Name : OCBC



Bank Name : Standard Charted


Bank Name : MBF


Bank Name : Citibank


Bank Name : UOB


Bank Name : Hong Leong


Bank Name : Affin


Bank Name : Alliance Bank


Bank Name : Bank Islam



This post has been edited by brotan: Sep 10 2014, 09:04 PM

Do we need another BT Thread since all of us post and discuss the latest BT plans here.

TS, if you really serious starting a new thread for Balance Transfer Plans, at the very least you should do the ground work and post all the current Balance Transfer Plans instead of asking us (most probably posted already in the current BT thread).

And most of us here are only interested in 0% Balance Transfer


**Edited May 2014**

If you are new to Balance Transfer Plans, please click on the link below to my article The Best Credit Card Balance Transfer Plans 2014 - Facts You Need To Know. No two Balance Transfer Plans are the same as each bank/financial institution will have their own set of rules.

The Best Credit Card Balance Transfer Plans 2014

This post has been edited by Gen-X: May 17 2014, 12:13 PM

Bro,

I did found that thread before but it is difficult to know at a glance what is the current offering by banks. Have to scroll through each post to find out and that is troublesome

Thats why I want to create a thread that consolidate the existing offer on 1st page

This way easier for people to compare right?

There is a thing call SEARCH - go try it out. Key in 0% BT and you will get the latest posts.

Ok lah bro.

Since although I am sincerely trying to give (in my opinion) a value service to lyn but nobody appreciate it, I will close the thread by tomorrow

unless someone else told me before I close that they think this effort is valuable and would like me to go on

Bro, since you sincerely want to offer your service. I vote we close the other thread (as the TS disappeared long ago) and we have this thread instead to discuss about BT. Good also we have the latest BT offer in first post.

Anyone one else want the second my proposal?

Agree! The other BT thread open more than 2 years, it is time to get a fresh one since someone going to take responsibility on it

3rd that suggestion

BT from UOB (via phone call to CS yesterday)
Reducing Balance
min 1k, min 6 month with 0.499% p/m

Fixed amount
6 month 3.33% of BT amount
12 month 6% of BT amount

MOD or STAFF, what's your take? IMHO, no point having 2 BT Threads.

TS better be updating the first post


How is yours a third suggestion

aye!

Old BT thread closed. But if any of your that may want to refer to the old thread, here is the link.

By the way, the TS of that thread is still an active member of LYN. Just that he hardly stops by here now

Dun get hsbc bt plan. I kena be4 not even halfway thru the plan they changed terms and condition!

I paid 3% to bt, its a 1 time off thing n r u supposed to divide the bt into the 12months repayment. It was fine during 1st few mths then suddenly i kena interest charges! The excuse is they change terms to settle the bt amt be4 retail! Walau i tell u if i know i wouldnt even bt! How can they simply change!

Then i paid up everthing n close the acc, think it was 20k ++ n extra summore to avoid further interest. U know wat they did? Instead of returning the extra monies i paid they put it as MISC charges the exact same amt i paid extra! N charge me interest! Instead of deducting the additional monies i paid for interest! I called up to ask wat is the misc charges? Y exactly same amt as i paid extra to ofset any interest? Y chrage me interest summore? The cs said he will waive the interest. But hello! Even after deducting the intetest u still owe me money!

Blardy cheating bank!

Thank you.

brotan - since you ask for it - please check out the links of BT plans in my article below and update the first post.

Credit Card Balance Transfer Plan 2012 - Gone is the best 0% Interest Free Loan.



The HSBC BT was discussed in the previous Balance Transfer Plan where we talked about payment hierarchy and interest being levied even if one sign up for 0% BT. That's why no one got excited when HSBC offered their "0% BT" last year.

I pointed it out once again in my latest article on BT mentioned above. I suggest you read my article above so that you won't fall into a similar trap in the future. The most important thing to note is - will there be a new account created for the BT Plan.

This post has been edited by Gen-X: Mar 23 2012, 09:41 AM

HSBC 0% BT is good IF you dont use HSBC credit card for any transaction until you finish settle your BT

This post has been edited by gerrardling: Mar 23 2012, 09:47 AM

Thanks for your trust in my effort. will do my best to give a good service here

Will update something today

I think the statement above applies to all BT plans that do not create a new separate account and not based on fixed installment with upfront interest. Have to be extra careful when signing up for BT plans with foreign banks. e.g. UOB and OCBC where 2 other members reported they were charge interest for new transactions, as mentioned in the previous thread.

However, I think it is a waste of time signing up for a card and then don't get to use the card if we do a BT. For example in HSBC case, if we don't swipe 12 times, annual fee will be imposed and we got to call for waiver. Not only that, if one sign up for a card purely for BT, there is a RM50 GST to take into consideration too; and if got early settlement condition, may have to pay again. And HSBC cards do have discounts at merchants, so I guess if we want the discount, have to treat our HSBC credit card like a debit card - swipe then fast fast go ATM and pay it up OR deposit money into account first(?).

Looking forward to you updating 1st post

bro,

updated a few items. also change the format a bit

do let me know what you think of the format

would be good if more details such as: payment hierachy, create new BT account... to be included.

sorry, don't understand what you mean by that.

did you open the spoiler? quite a lot of detail info there

ah.. at last a proper "0% BT".. or not all is 0% thread has been created...

i was wondering why did the previous BT thread that has totally no information on the first post still exists and everyone else have problems on this thread~

nevertheless, kudos for the new thread...

back to first post...

Your am-bank list have problems... the spoilers

Same goes to your AEON spoilers also.

Do check ~ it has links to pbb and AEON/AM-bank too~

thx bro for your recommendation and correction

was copying the format from pbb but too many codes until my eyes a bit

haha