What about personal loan? Can it be BT into a credit card?

Bro brotan, I suggest you revised the thread title to "Balance Transfer Plans V2 - Up To Date Offers" or something like that. Have the word Balance Transfer at the start.

I was like WTF when I read the thread below:

http://forum.lowyat.net/topic/2311960

This guy smsbusiness2U started a new thread on BT and copied contents and links in my article titled Credit Card Balance Transfer 2012 - Gone is the best 0% Interest Free Loan. and claim credit for it. I have specifically mentioned in my article that one is not to reproduce any part of my article.  

Bro brotan, I suggest you revised the thread title to "Balance Transfer Plans V2 - Up To Date Offers" or something like that. Have the word Balance Transfer at the start.

I was like WTF when I read the thread below:

http://forum.lowyat.net/topic/2311960

This guy smsbusiness2U started a new thread on BT and copied contents and links in my article titled Credit Card Balance Transfer 2012 - Gone is the best 0% Interest Free Loan. and claim credit for it. I have specifically mentioned in my article that one is not to reproduce any part of my article.  

For guys that did BT from flexi home loan, how does this work?

Maybe i understand wrongly, in that they use the 0% BT to stretch their repayment for their CC and then put the actual balance into their home loan to offset the interest payment.

rofl.. ya it was either u, gen-x or other regulars.
I can't remember how it worked.

No, understand now, prior to asking that was unsure.
Did a search and didn't really yield anything. but its okay now.

hi brotan
if i use cc for purchase a rm$50K car - any 0%int deal
how about bt later on
any idea on this
someone suggested this on the old cc thread
thanks for any suggestions

pls update for alliance bank
Get Rewarded!

0% Balance Transfer
With a minimum transfer of RM2,000 for 4-month plan.

http://www.alliancebank.com.my/catalog/pri...ue.aspx?cat=101

thanks for the reply

i can pay cash too - just that use cc
will get points
cash rebate ?
save on finance co charges
save on transfer of ownership
what else ?

got good and bad
important is got the cash to back it up ;P

i also just apply new public bank's CC to test out their BT program...

but public bank is very strict lor cause every form (CC form + BT form) need to submit to branch or snail mail to them....

aduh!

really??

i call the customer service and they insist me to walk in ler!! i called 3 times in total.. pengz

even BT form also can scan and email to them?

@Folks

I have mentioned in my Forum T&C that mentions of "special" maneuvering of financial products is generally dangerous to newbies coz they don't understand the consequences if something were to go wrong. Post 118 is especially guilty of this and post 122.

I have been observing posts by members here and none of the "special" maneuvering , carry any caution of the risk involved.

Consider this is the last warning to all as I have mentioned of zero tolerance to such behaviors/post. I'll delete/close the thread without notice if I see any more violations.

If you guys want to discuss BT ... do it in the right manner.

hi bro,

car can use credit card to buy? sure or not? I don't think so can lah

even if it can be done, i would not suggest you to do so because

1) Normally BT allow 80% of your credit balance (credit limit minus what you owe them that month). Which means you need a cc that has credit limit of RM 62.5k or higher and you cannot spend on it. Maybe it can be done, but i am not sure

2) The cc BT 0% so far I see max 6 mths only. Car repayment normally a few years. So if you cc for your car purchase, your monthly commitment is very high which i think is not a good idea

anyway, maybe it can be done but i personally won't do it.

---

Added on May 9, 2012, 11:15 am

bro

that one for new application lah. I only update BT for normal cc

@brotan

You need to see the entire context - Post 119 exist because of Post 118 and the member specifically mentioned your name to answer a hypothetical scenario which they think you could answer the "special" scenario.

While yes ... you did throw some non-suggestive remark, the answer is unable to leave a concrete definitive evidence it is not a good idea.
1. Normally BT allow 80% of your credit balance (credit limit minus what you owe them that month). Which means you need a cc that has credit limit of RM 62.5k or higher and you cannot spend on it. Maybe it can be done, but i am not sure

2. anyway, maybe it can be done but i personally won't do it.

The best you could do is not to provide any replies. Your answers can suggest a reader to try it out and if you read (best to be practiced) what our valued contributors have done in most section of this area is to model/provide calculations as to why it is a bad idea. The calculations provide a clear picture of the risk and the potential exposure.

A simple suggestive remark does not cut it. I'm sorry ... most younger readers who just got a first job are just too eager and demands YOU to tell them with absolute proof that it is not a good idea.

I'm sorry but I felt that if Post 118 did not exist then none of this would have happened.

For those interested, pls check out Bank Islam BT promotion at http://www.bankislam.com.my/en/Documents/B...nceTransfer.pdf

I believe it is the best offer thus far in Malaysia

the problem is if u get their credit card, there is a contract period which is 3 years.

Does this mean I do not even need to pay the minimum 5% for month #1 to month #5 ?

I'm tempted to try the BT.... since I just need to pay on the 6th month :-)

i'm really interested to find out an actual case where no payment is needed till last day of expiry (6 months). any one can confirm this?

this is better than what cimb offered last year, 5% min payment each month.

Hi brotan,i trust ur info here. Just tat i want to know if anyone here has tried tis BT?

I've emailed Bank Islam Customer Service...very prompt response within 2 hours.

Bank Islam's 0% 6-month BT program will need to pay 5% minimum for month #1 to #5, followed by full payment on month #6