I plan to BT from Alliance VI to PB VS about 30k under 12-month tenure plan as per their latest promo https://www.pbebank.com/pdf/Promotions/tc_cashback.aspx

So , that's mean I will pay PB total of (2% x rm30k) + (rm2500x12months) = RM30600 ?

raya

what you mean?

Salute to u on your cross-BT adventure.
Both my PBB and AEON cc are on same statement dates.
When time come for me to juggle between the CL available balances, I might not be able to do as your case.
2 BT's back to back within 20 days??? A real challenge.
Maybe have to change one of the statement date to have better timing advantage.

This post has been edited by tbheng: Aug 6 2014, 03:24 AM

I will answer for my self...

According to CS, for normal BT the 2% upfront interest will be charged for 12 month tenure ....
However for this promotion the 2% interest (will also be charged but) will be waived (refunded) within 4 months...

seems like a very good deal - 0% everything
instead of paying the whole amount, put the cash in FD

Wow..tight timing. "money should in Aeon by 8.8.14"; Would that be so fast? If your is watami aeon credit card, payment through cheque would be slower. Anyway, do update us your BT venture here..

refer post #1

i would suggest you keep some money to pay the statement in case BT money arrive late

remember, BT is useful to save interest but it is a poison if you use it to get out of debt

pls update

Banks Currently Offering 0% Balance Transfer

» Click to show Spoiler - click again to hide... «
1) Public Bank : 6 mths, Min - 5k per bank, Valid Until : 30/6/2014 (extended until further notice)
2) Aeon Credit Service : 6 mths, Min - 1k per application, Valid Until : NA
3) Affin - 6 mths, 0% fee, 0% interest, Min - RM 5k per bank. Valid until : 31/5/14
4) RHB Islamic - 6 mths, 0% fee, 0% interest / yr, Min - RM 1k per bank. Valid until : 15/1/14

RHB islamic and Affin updated on post #1

affin has attractive long term BT. pls check post #1

this one?

9) Affin - 24 mths, 6% fee, 0% interest / yr, Min - RM 2k per bank. Valid until : NA
10) Affin - 36 mths, 7% fee, 0% interest / yr, Min - RM 3k per bank. Valid until : NA

yup

This post has been edited by brotan: Aug 6 2014, 05:20 PM

Which 1 is the best you think?

do a simple math on your own will tell you the answer

Sure i will let you know when the PBB BT money reaches Watami acc....

I should have applied for PBB BT earlier........rather than wait till after PBB statement date.
This would have saved me the cash out of pocket today.

If i didnt bank in cash this morning, my plan to get Aeon BT to pay PBB outstanding before due date 21.8.14 may fail for 2 reasons:

1)timing too tight, PBB pays by cheque.--even though one of my PBB BT records showed that within 2 days of approval , money was in Watami account. However 2 other records showed PBB 's money reached Watami 4 days after approval........... So this morning i just banked in cash to watami account.

2)My Aeon Statement will be coming on 10.8.14.

Even if the BT CR from PBB can reach Watami Account by 8.8.14 or even 9.8.14, if i dont get my Aeon BT (to pay PBB) approved before 10.8.2014, i may still end up with insufficient credit in Watami once the Watami statement is out becos the available CR would have been 'swallowed' by the statement itself.

My gut feelings....., if your coming Watami statement amount is large, you must quickly use the available current CR to BT before statement comes out....as once the statement out, whatever Cr there would be used up to pay the statement itself first.
.

You can refer detail in pdf below

http://www.affinbank.com.my/Consumer-Banki...h-21062012.aspx

I normally submit BT 2-3 days after my statement dates.
BT approved and posted ~3 days time. Payments posted ~ a week before due dates.
I will only go for 0% interest and w/o one-time charge BT.
Tracking down the available CL while reaping the interest by putting the fund into FDs.

they based on outstanding balance not statement balance. even if you try to apply for bt before statement is out, they will tell you that your available cl is not enough for the bt. they will give you option to pay first (to free up some cl) or cancel your bt application.

Use example is easier to understand.

Scenario A.

Aeon CR balance RM2000 on 1.8.2014, outstanding of RM15k in Aeon and statement will be out on 10.8.2014.
You want to do BT RM10k from PBB outstanding to Aeon, but Aeon CR balance insufficient.
So you to bank in RM11k on 6.8.2014, new CR balance becomes RM13000, now can BT from PBB to Aeon.


Scenario B, same as above.

But you wait till after the statement out then only bank in that RM11k cash to Aeon and try to do that BT RM10k. I suspect this BT will not go through......?insufficient fund? the RM11k banked in will be taken up by the Aeon outstanding due? me not sure actually..