hi bro,

car can use credit card to buy? sure or not? I don't think so can lah

even if it can be done, i would not suggest you to do so because

1) Normally BT allow 80% of your credit balance (credit limit minus what you owe them that month). Which means you need a cc that has credit limit of RM 62.5k or higher and you cannot spend on it. Maybe it can be done, but i am not sure

2) The cc BT 0% so far I see max 6 mths only. Car repayment normally a few years. So if you cc for your car purchase, your monthly commitment is very high which i think is not a good idea

anyway, maybe it can be done but i personally won't do it.

---

Added on May 9, 2012, 11:15 ambro

that one for new application lah. I only update BT for normal cc

This post has been edited by brotan: May 9 2012, 11:15 AM

thanks for the reply

i can pay cash too - just that use cc
will get points
cash rebate ?
save on finance co charges
save on transfer of ownership
what else ?

got good and bad
important is got the cash to back it up ;P

wah so rich kah? haha....

anyway, pls ask the car dealer if can do that or not lah and feedback here

yes - the car dealer agree to it . now research how to max the benefits

Car loan is not cheap based on fixed interest.

i also just apply new public bank's CC to test out their BT program...

but public bank is very strict lor cause every form (CC form + BT form) need to submit to branch or snail mail to them....

aduh!

bro,

no need lah. i use public bank a lot. just scan the form and email to them. very simple

really??

i call the customer service and they insist me to walk in ler!! i called 3 times in total.. pengz

even BT form also can scan and email to them?

You tell them "brotan said can", then they will understand already

This post has been edited by brotan: May 9 2012, 05:18 PM

to bro Broton....

yes..



---------- Forwarded message ----------
From: PBCS Customer Service <custsvc@publicbank.com.my>
Date: Tue, Apr 10, 2012 at 3:40 PM




Dear Mr,

Thank you for your email.

We would like to advise that we have forwarded your balance transfer request to the relevant department for processing.

You may refer to April 2012 statement for the balance transfer. In the event that the balance transfer application is declined, the relevant department will advise your goodself via letter.

Thank you.


Yours truly
for PUBLIC BANK BERHAD

@Folks

I have mentioned in my Forum T&C that mentions of "special" maneuvering of financial products is generally dangerous to newbies coz they don't understand the consequences if something were to go wrong. Post 118 is especially guilty of this and post 122.

I have been observing posts by members here and none of the "special" maneuvering , carry any caution of the risk involved.

Consider this is the last warning to all as I have mentioned of zero tolerance to such behaviors/post. I'll delete/close the thread without notice if I see any more violations.

If you guys want to discuss BT ... do it in the right manner.

This post has been edited by hye: May 9 2012, 11:18 PM

Personal Money (May 2012) has short article on Balance Transfer....
it mentions Bank Islam offers 0% BT for 6-months (Flexi payment)

Hi bro,

can you pls reread the entire post 122. i did put the risk and i did even say so myself that i wouldn't do such a thing even if possible right?

can you pls highlight which part i didn't caution on the risk or warn against doing do? pls find the quote below and pls check on the red comments

for post 118, i agree i didn't put any risk there. my mistake. for that i will not repeat

@brotan

You need to see the entire context - Post 119 exist because of Post 118 and the member specifically mentioned your name to answer a hypothetical scenario which they think you could answer the "special" scenario after reading what you post in Post 118.

While yes ... you did throw some non-suggestive remark in Post 122, the answer is unable to leave a concrete definitive evidence it is not a good idea.
1. Normally BT allow 80% of your credit balance (credit limit minus what you owe them that month). Which means you need a cc that has credit limit of RM 62.5k or higher and you cannot spend on it. Maybe it can be done, but i am not sure

2. anyway, maybe it can be done but i personally won't do it.

The best you could do is not to provide any replies. Your answers can suggest a reader to try it out and if you read (best to be practiced) what our valued contributors have done in most section of this area is to model/provide calculations as to why it is a bad idea. The calculations provide a clear picture of the risk and the potential exposure thus if they still do it then

A simple non-suggestive remark does not cut it. I'm sorry ... most younger readers (and the wanting to be spoon fed generation) who just got a first job are just too eager and demands YOU to tell them with absolute proof that it is not a good idea.

I'm sorry but I felt that if Post 118 did not exist then none of this would have happened.

This post has been edited by hye: May 10 2012, 12:26 AM

Ok got it and will follow your suggestion

i called a couple of banks ord

instead of BT can also apply to do installment payment
scb offer 2.9% for 6 months

i just wan to get the points and get some benefits lah
Note to others reading this
--- i not looking to owe money to any bank , so dont follow blindly ya
cheers

For those interested, pls check out Bank Islam BT promotion at http://www.bankislam.com.my/en/Documents/B...nceTransfer.pdf

I believe it is the best offer thus far in Malaysia

Balance Transfer amount usually do not get points from CC.

thanks for your intro bro

really cool stuff. called them up and indeed not only their rate is good, their repayment method also different and better than other banks

Updated on pg 1 but you can find the description here

###

Bank Name : Bank Islam