I just got to know from a property sifu that for every RM10k credit card outstanding that we hv, it we are actually reducing our housing mortgage loanability by Rm100k (assuming loan tenure 30yrs). So, if wanna buy house better not have to much credit card outstanding, although its 0% installment or 0% BT.
Anyone has any infos or ideas?

that's right.

10k CC outstanding means the min 5% payment = RM500

200k housing loan for 30 years is around 1k per mth, so the RM500 monthly commitment reduce borrowing capacity by RM100k.

For CIMB BT, anyone know can email to which email address?

However, if check via CCRIS, BT is charged as with the bank credit card, eg if BT RM 6000 to CIMB for 6 months, CCRIS will only show ?1k in the outstanding amount, and the there is no mentioning of what type of usage it was like retail transaction or balance transfer. And if you pay your BT every month without late interest, there won't be any installment arrears just like normal transaction with all other card.

So, is that means if you apply for home loan soon, you shouldn't use credit cards? as the outstanding amount maybe the last month statement amount.

Thanks.

CIMB will create a separate account for BT, and it will shows the outstanding 6k.

u can refer to a CCRIS report here http://s1155.photobucket.com/user/ploan999.../photo.png.html

This post has been edited by lamode: Dec 29 2013, 12:48 AM

Anyone have experience on CIMB BT? How long does it take to IBG to the credit card you BT after your BT application approved (saw it in cimbclicks)?

Give it another 1-2 days... it should faster with CIMB.
Does CIMB have a new BT plan ?

This post has been edited by ronnie: Jan 2 2014, 04:05 PM

I see. Because I sent it late, so afraid it will be over my payment due date for the CC that I BT to CIMB as the due date for payment is 6 January. =.='''

CIMB don't have any new plan. I took the 0% 6 months BT plan for new CC holder where the promotion already ended 31 December 2013.

Extended to 15th January 2014

Promotion period: 1 January 2013 till 15 January 2014
http://www.cimbbank.com.my/creditcard/inde...c&pg=cc_va&ac=8

How to apply? I don't see any forms. Call to CS?

No idea.

Perhaps call customer service?

I notice the CIMB BT 0% for 6-month program allows up to 60% of Credit Limit only... previously it was up to 100%

Normally, you will need to fill up a BT Form which u can download from the website. At least, that's how Public Bank does it Like our sifu says, best u call up and ask.

CIMB BT Form

from 100%, down to 80% and now 60%...

oh well, at least CIMB very kind on CL, it was the card with highest CL that I had til SCB came into picture. having said that, the CL from CIMB is still pretty high to me.

How to confirm that my CIMB BT application is received? Or I just wait then see my CIMBclicks acc?

Called CS is the best solution.

My experience is I faxed to them. No respond within 2 working days. Then I emailed to the general CS email address, asked them help me forward to related department. Then they did help and reply me within 2 working days. Then after they reply, new BT account was created in cimbclicks in the next working day.

Just want to ask, if i want to Public Bank Balance Transfer , can i email to them ?

If yes, what email address should i send to ?

Thanks

can give me the email address then?

I emailed to this address: cardcentre@cimb.com and ask them do me a favour forward to related department.