I just got to know from a property sifu that for every RM10k credit card outstanding that we hv, it we are actually reducing our housing mortgage loanability by Rm100k (assuming loan tenure 30yrs). So, if wanna buy house better not have to much credit card outstanding, although its 0% installment or 0% BT.  
Anyone has any infos or ideas?

However, if check via CCRIS, BT is charged as with the bank credit card, eg if BT RM 6000 to CIMB for 6 months, CCRIS will only show ?1k in the outstanding amount, and the there is no mentioning of what type of usage it was like retail transaction or balance transfer. And if you pay your BT every month without late interest, there won't be any installment arrears just like  normal transaction with all other card.

So, is that means if you apply for home loan soon, you shouldn't use credit cards? as the outstanding amount maybe the last month statement amount.

Thanks.

I notice the CIMB BT 0% for 6-month program allows up to 60% of Credit Limit only... previously it was up to 100%

I emailed to this address: cardcentre@cimb.com and ask them do me a favour forward to related department.

Noob question here, regarding the interest rate. The interest stated in the BT, is it like hire purchase (total loan amount) or is it like house loan (reamaining loan amout).

is this a loop hole in BT limit?

Say your cc CR limit 50k, you want to do BT 41k, CS said no becos 80% of CL is only 40k.

Then u apply 1st BT 9k, bal CR limit 41k

Then again u apply 2nd BT 9k, bal CL = 32k.

Now u got remaining BT 23k to do, u call the PBB CS and asked, he  said you are entitled to 80% of available CL ie 80% x 32k = 25.6k

I asked that PBB CS guy, he said yes, can do 3rd BT for RM25.6k!

Did he know what he was talking, i told him like that I can do BT many times and totalled up much more than  the 1 shot limit of 80% of card CL..........., he said yes,  he just calculated  accordingly.

thanks for your confirmation, i cancelled my Aeon BT application, and summitted 3 BT applications in 7 days to PBB, totalling RM41+k, next 6 months work to pay instalment only.........let go my opportunity to earn Aeon bonus points.

Aeon BT officer called today and asked me about my BT cancellation, told her my disappointment why Aeon needs Bank statement and worse why Aoen needs 15 working days?? PBB needs only 7 working days, ans no need to wait for bank statement to come.

The credit card retention unit from CIMB called me offer me balance transfer 0% for 6 months. And I just received their application form via email today
"BALANCE TRANSFER PLUS APPLICATION FORM (BY INVITATION ONLY)"
Offer is valid till 30 June 2014.

This BT game is getting more interesting having played it once, i wont stop... Thanks folks.

why you cancel?

not sure if this was asked before..does PB BT open a new account for the BT, or it's together with retail spending?

Yes but you need to specific in the form cannot use IBG please use cheque. I had did it before with RHB and Public bank

experience with rhb 0% (min 3k)
3 Mar - call CS ask about the promo, CS assign agent for me
7 Mar - submit info
10 Mar - approve
13 Mar - fund credited in

Hi sifus

for RHB bank BT, use which way to submit the request and they can process more faster?
submit the form via their website or thru banker ?

hi, i also do the same BT from AEON to RHB with 6 month. today just verified with me.
do RHB charge any admin / hidden charges? thanks