i would say BSN even better if you don't mind the bank name

y 2012 no good BT plans ady wan?? like those MBB 0%...now no more mer or i din noe only??

I have CITI, HSBC, And MBB...got any 0% from these 3 ar??

I've gone through this thread but I'm not sure if I fully understand. So..

1.what does it mean by valid until june 2012 or sept 12? is it BT promotion valid until that date or u must finish pay ur BT?

2.i only have cc with MBB. if i want to do BT with another bank, and purely for BT (no more swipe), does it good to do that? and i need to have another cc with respective bank?

3. current CC limit is 12k. if i sign up for another CC for BT, how much my credit limit will be for new cc, is it still 12k?

my debt now ~7k. please advice

This post has been edited by saksoba: Jun 15 2012, 09:41 AM

Hi bro,

let me answer you according to your question sequence

1) It means the special rate only valid upon successful application at that time. It is not that you must clear your BT by then

2) yes, you need another bank cc to do BT

3) each bank has different credit limit requirement but as i know, most of the time, they will follow at least your current credit card limit or give you higher but again, it really depends on the bank

Thanks brotan..

Now I understood. Next question.. I think this is more related to credit card rather than balance transfer..

1. I have maybank2 card.. on my statement, there 2 item.. Retail interest rate 8.88 and Finance charges. is this the same or different thing?

2. I have made a excel sheet for my schedule hopefully i'm stick with it.. is my calculation correct?



3. if i stick with mbb cc and fixed my payment over 12 months include all the mbb interest, which is one is better? to do BT or just stick with my MBB? Its not wise to BT if there is annual card fee and hassle to transfer.. still need to do giro transfer from mbb to other bank.. rm2/transfer * 12 which more than total interest from MBB alone.



Please advice. So far my gut says, stick with MBB and fixed the payment.

This post has been edited by saksoba: Jun 15 2012, 11:21 AM

1. That should be rate they charge you for late payment

2) I can't comment on your calculation bro. although i know how to calculate in general i prefer not to comment becuz i am no expert. my advice you call up at least 2 CS to verify. or maybe other bro and sis that are confident enough to comment?

3) if you take a simple calculation, that the interest rate is 8% and your debt is 7k, and if you pay promptly every month to clear these debt, rough calculation you would have paid RM 320 worth of interest. So, you calculate lah which method more worth

This post has been edited by brotan: Jun 15 2012, 11:35 AM

saksoba: You should select BT program with 0% with equal installments

@ ronnie and brotan :

Thanks for your advice. I'll start to find a good bank for BT.

Yw.

I would highly recommend bank islam, bsn or aeon credit card for the time being

This post has been edited by brotan: Jun 17 2012, 10:37 AM

How bout pbb?

Pbb would be good too but from bt perspective, the one I mention offer the best deal at the moment

I've applied Clear Visa.. and asked BT when one Citibank guy called..

he said that new applicant for BT will be 9.9%.. meanwhile, for different rate that he told me is to selected customer only..

http://www.citibank.com.my/english/existin...ce-transfer.htm

and http://www.citibank.com.my/english/existin...installment.htm

So between these two plan, what is the best? On Installment, link above, 12 months 5.4%.. can anyone explain? I'm getting confused -.-

bro,

what is "Clear Visa"?

brotan : Sorry. Citibank Clear Card

Any idea on the rate they offered and my question above?

This post has been edited by saksoba: Jun 18 2012, 04:49 PM

I personally don't like Citibank, so I don't really dig too much on their detail offering.

Why you didn't try BSN or AEON credit service? their BT plan much better than Citibank

you got those rare bank?

not at the moment.

i am trying to limit the amount of card that i can BT to force me to pay off some of the debt

It is just scary if suddenly in 1 go I need to pay off a huge lump sum of money

although I do keep aside the money i save from BT, it is still heart breaking to part with large sum of money

Called Citibank and spoke to CS.

He mention the new customer will rated at 9.9%.. However, for advertised rate ( I asked about installment) , ie 5.54 %pa, is for selected members.

I asked him how I can get 5.54, he said it will depends on the bank and purchasing trend etc.

But why I so attracted to Citibank? -.- Maybe due to their promotion TGV/GSC.

Hi

I am new to this BT thing but lets say if i want BT the balance From MBB to Aeon credit service, Do i need to be existing aeon card holder?

as long as you have have aeon cc, doesn't matter existing or new cc is ok