Thanks brotan. So after transfer my outstanding in credit card B will be -RM1000? Is there any penalty charge by bank if this happen? 

Thanks brotan.

I have one question. My credit card A has statement balance at RM2000. I plan to do balance transfer RM1000 to credit card B. Suddenly two days after apply for balance transfer, my wife paid full credit card A statement (RM2000). Will credit card B still accept the balance transfer?

Pls update yr front page as necessary. Thks

Expired plans should be removed. Thks

Good question, can we get the banks to credit extra amount paid into our banking account(s)? I know previously another member mentioned CB initially refused to pay him the cash back he earned showing as credit in his statement when he terminated his card; only after he complained to BNM did CB sent him the cheque.

Most card issuers will need your current Statement showing amount Outstanding when processing your BT application. So if you got no Outstanding Balance, I doubt they will approve your BT application.

Having said that, some banks do allow you to do BT and bank in cash into your account without any Outstanding Balance on your credit card but it is no 0% and more like Personal Loans. Click below link to read my article:

Hong Leong Bank Credit Cards - What Are They Good For?

And Bro, if you do manage to get the bank to credit into your banking account, please share.

Thank you for your reply.

I know PBB will not need any statement for doing BT. According to your case, have you asked the bank to transfer the overpaid balance into your saving/current account?

anyone know whether PBB extended their BT program??

brotan.. RHB 3 Months 0% also extended..

For Citibank's BT, previously warned by Ronnie and hye where it's Tricky...



Since that time i have around 5.5k++ on Citibank's C.C. account... I've opted to that time's Promo.. that is 0% interest for 6 Months, but as subject to how the T&C stated.. no idea on how it cuts my "total" spendings.

after 1 month applied that BT, it directly cuts 3k out from my 5.5k Extra balance on the C.C.

Will take a pic and show it.. and after i called the "Customer careline", they mentioned that your BT has cleared out due to the "Funds" within the Extra limit is enough to clear out directly...

So...

Standard Chartered 2.99% for 6 mth - BT

SCB only offer

9, 12 and 18 months for interest rate of 5.99%, 6.99% and 7.99% respectively.

i just called and there is no longer 1.99% for 12 months.

anyone got idea how fast the balance tansfer will be approved? I means how many days or working days for each bank? anyone can provided and updated in main page for reference?

I have successfully done the BT and cash out the money due to overpaid, negative balance in CC.

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Added on July 20, 2012, 8:57 am

I manage to credit back to my saving account of RM 8000 with BT (PBB > MBB). I am thinking to another way to delay my monthly installment.

For example, in simple way:

1. Bank A BT to Bank B for RM 10K for 12 months, now I owe Bank B. Cash out the 10K from Bank A due to overpaid.

2. Within 1 month & 20 days, perform another BT from Bank B to Bank C for 10K, 12 months. Now Bank B would have overpaid because the previous 10K have not billed yet, only the 1st month installment.

Conclusion, you are able to delay (2 months and 40 days) to pay the installment  and cash out the 10K at the beginning. Of course you can perform more BT in such way, provided you have a lot more CC and Credit Limit.

(Assumption: Zero charges for the BT plan)

how to cash out?

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Added on July 20, 2012, 10:51 am
peple asking more detail..want to know exactly hong long and which bank,....this people answer like no answering ppl question..some bank?? what bank ??? slow..? how slow?

BT form submitted to Aeon by fax on 30th July.
Suprisinglly, BT approved by next day, 31st July.
Payment cheque already send to bank.
Will update the payment transaction pnce confirm.

RHB Bank now offers 0% 6 Months BT until end of the year

http://www.rhb.com.my/Whats_New/cards/smar...lance-transfer/

Is there any bt that I can pay minimum 5% from the total amount..I can only find bt which divide the amount equally for each month

Are you blaming bank whose offer 0% BT which causr you in debt?? 
You are the one need to responsible for the debt.