and first to introduce 2% rebate for all petrol stations.

not exactly nice which is why we need to improve it, quoting my master - to eat an elephant you have to cut it down to many small pieces rather than biting the big elephant.

anyway, CIMB is replacing all direct access card upon one's expiry begining from this year.

very nice statement summarized all.

the first or maybe only one that allow CC application WITHOUT even needing a pay-slip & financial history.
at first month at work even before first pay, can apply already!!!

then, bank just close door, take down signboard>>>southern bank in history

This post has been edited by vincentwmh: May 20 2014, 10:27 AM

ya, southern bank had merged with others to become CIMB.

I think the payslip thing is the requirement set by BNM. The bank cannot decide themselves.

Hi all , if i have an outstanding of 18k cc debts and the card is not active for months, can i still apply for BT?
Thanks 😥

not active for months?
late payment charges and finance charges on that card can kill you.
which other cc that you have with at least 25k cl to bt to?

yes can, if the receiver BT's CC limit permits with good payment history. i don't see why not!!

Last time yes good payment history but stop when things started to get from bad to worse.
And with only 1 cc on hand. Is it still possible to do BT?

nop u cant bt to same bank. i suppose applying 2nd card will be an issue due to your outstanding.

Don't think you can do BT as you need to apply a new CC or use existing CC to do the BT. With no others CC and can't get another new CC, it's impossible to do BT.

There is also another way which is re-structure the balance of the current CC into 0% installment plan. I know there is ppl out there doing it where they charge you around 10% pa to convert it to 0% installment plan back to your CC. You can pay some minimal amount back to the bank to active bank the card status and proceed the 0% installment plan. By doing so, you can stop the 18% pa charge by the bank.

If things really getting worse, try to visit your bank and request for re-structure your cc debt to cut/stop being charge for interest/late payment/ legal payment and etc which will be a nightmate. Just open up and tell the bank your situation. If the bank don't cooperation, visit AKPK to ask for advise, AKPK will help you to restructure the debt FOC.

Good luck to u.

What are the chances / reasons a BT application will be turned down?

have never been turned down

1. exceed 80% of CL
2. Insufficient supporting document
3. Huge outstanding / bad repayment records?

Sigh ... tried before BT to other banks but rejected. Maybe i need to try out the 3rd party with 10% interest pa. But i have been told to check the late charges. They might charge high interest. Anyone have any contact which is reputable?
Thanks.

And also, your case will be hard to BT as your CCRIS record, what you need to do is go to your credit card's bank and look for the credit collector department or related department. Sit down and talk to them about your situation and let them know if they not willing to restructure your debt, you going to AKPK to seek for advise which still will come back to them to do the same things, ask them to stop all the charges and restructure your debt into 24/36/48/60 mth repayment. Talk nicely and normally they willing to help. Dont just call the CS, it's useless with no outcome.

If you don't mind, you may pm me your current card credit limit, bank and the balance. Maybe i can ask for you if above suggestion not work. I have friends who doing this 3rd partly restructure service. It's not Ah Long so don't worry, you will pay back your current bank after restructure it. Of cause there is some charge doing it but it can stop the bank charge you further unnecessary interest.

Ok thanks alot ... maybe i shall visit the bank and see what they say ... will pm u later.
Thank you.

Remember you just tell the bank straight to the point that you having problem to repay the CC now, ask them to stop the card, stop the interest charge and give some discount for the interest charged,then make it into installment for X month/years. If normal staff say cannot, try talk to the manager (if have).

Good luck and all the best to you.

Do we need to attach the CC statement with PBB Balance Transfer form ? From the application form, it didn't require it.

guys, need your help here.. i wanted to BT from my CC
but the thing who should i contact... and if i do BT, my CC can continue to use cause the amount had taken off to BT right?