I think HLB is not 6.99% one time interest, it is 6.99% p.a. but I'm not sure whether the way interest is calculated is fixed or reducing like the standard credit card interest (18% p.a.). because if only 6.99% one time and lifetime interest, I will be the first one to apply 

oh thanks for the info

Th customer service you talked to could be very misleading... which bank is going to let you owe them forever at one-time 6.99% ?
Langsung no logic

You can't really hutang them forever, you will need to pay 5% monthly, bank are not stupid...

are you sure the PBB 0% BT still valid? the form on their website shows til 31 March 2012...

congrats TS for this thread
good info you give at the first post
keep up the good work    

I think is the mistake by customer service, you may read term and condition on the website
http://www.hlb.com.my/promo/pfs/cc_balance...nsfer/tc_en.pdf

8.  Upon transfer of the BT Approved Amount to the Cardholder(s) BT Account, the interest of 6.99% p.a. will be calculated on a
daily basis and charged on the balance of the BT Approval Amount until the date of full repayment.

- the interest will be calculated daily basis, 6.99% pa, means it will charged you yearly 6.99% reducing rate.

9.  The Cardholder shall be obligated to pay the minimum payment due in the BT Account or RM50.00, whichever is higher. If the
Cardholder fails to make payment on or before the due date, the Lifetime 6.99% p.a. interest rate will be retracted and interest
at 18% p.a. will be charged on the amount outstanding in the BT Account on a daily basis until full repayment. Failure to comply
with the minimum payment obligation will also result in a late payment fee of 1% of total outstanding balance as at statement
date or minim

- This one is f***ed, if you forget or failed to pay minimum payment 1 time, your 6.99% gone and become 18%. LOL

The T&C says you still need to pay finance charges as long the amount due is still not cleared, right ?

Agreed ! That's the term I heard from HLB regarding about other balance transfer program but they didn't mentioned anything about the revised interest rate applied if we didn't manage to clear the outstanding balance.

I called up earlier just now but when I asked them about this promotion - they only offered me with the existing promo plan ranging from 6 - 12 months with the interest rates starting from 0.5% - 1% per month. Will this promo entitled for new HLB credit card subscriber ?

Is that so? I really doubt it.

Taken from T&C:

Hi All Sifus

Need your advise here..

Currently i got 2 CC and got o/standing total of 8k..
I really want to settle all the debt but can't afford to settle it by one year..

Personal Loan / BT? which one is better?
Personal Loan rate the best i can get only 7.50%

My basic pay was 3k
Can't afford to apply those platinum cards..

Ya that's wut i plan to do rite now..
I already dump the cc in my drawer, but i thinking of saving in term of the interest..
Currently being charge 13.5% interest p/month..

BSN? it says would ended in April 2012.
Would i make it?
need to apply the cc first, & then can BT..

Normal gold card only can give 6k credit limit.
And for BT only 80% of the credit limit can be utilised rite??

brotan,

Please remove SCB, this 1.99% is applicable for new member only.

yes, I confirmed....existing member rate is bad.
i think is 5.99% or 6.99% for 12 months.

Thanks for posting the link. I couldn't find it when searching for 'balance transfer'.

Here is my question in the other tread.

Can I swipe 9k, I have 9k available for payment already. But I want to put into instalment plan of 6 months. 1.5k each month on 0% interest.

Can I straight away do BT?

Also, if I swiped using my amex to get 5x TP, will the TP be removed after i BT away to another bank?

Lastly, since early settlement got penalty and late payment will jack the interest rate up.

Can I write 6 postdated cheques with the specific due dates and just pass it all to the bank at 1 shot? Of course I need to make available the balance in my bank account first.

Oh yes, what I mean is that once I receive the statement.
But before the due date.

Say statement date is 6th, due 26th.

So on 7th I print out the statement and head to another bank with 0%.
Then i fill in the forms etc.

No issues right?

For postdated cheque, its okay.

But can you pay earlier?

say once u BT, how is it like? Is there a due date and statement date?
Or straight due date?

If due date is 10th, can we pay on 6 or 7th? Or got penalty for early settlement? Sorry, very new to all this, so need to clarify. Don't want to do something in hopes to get pocket money, then end up kena burn by hidden charges.

So you mean I will see a "statement date" and "due date"
on the BT as well right?

Thanks!

Nice, thanks.
For 10k, put the money first into FD you'd get 100+ for a little inconvenience.