tx bro

do give inputs for further improvement if any

great input. Thing is clear

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

This post has been edited by myAccountLowyat: Apr 10 2012, 01:47 PM

FoodstuffLet me call then again to clarify

SCB BT 1.99% still available?
I just called the sales team. They say no more.
But the website still posted.

which bank(s) currently got promo 0% balance transfer for new card application?

UOB

the balance that I wanna transfer OUT is with UOB

Hi guys,

i just called HLB just now

again this agent confirm you can owe them forever the BT for the 6.99% one time fee deal

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

nope. no need

eg if you BT 1000 and no retail spending, then statement = 1000. you still need to pay min 5% which is RM 50 but the balance of 950 still interest free

and if you do spend on the card, let's say 2000. then the statement balance will be 3000. if you pay the 2000, then the balance 1000 BT still no interest

i already give this scenario to the guy and he confirmed my calculation is correct

and i already call them twice (including this time), so must be ok kua?

anyway, before you commit yourself to this kind of stuff, pls double confirm yourself

i take no responsibility in any financial loss (or gain) from my info

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.

Bro,

I already give scenarios to test my understanding their one time interest thing twice and both gave me same answer

Since I dont have hlb cc, I can't confirm in real situation which is correct

Would appreciate any lyn members with real experience pls share

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 ?

I didn't ask if it is for new customer or existing. And they didn't specify anything about that

Did you ask specifically on the one time fee or you just let them talk to you what they have?

If we BT amount of RM20k, you can pay finish in 80 months (6 years, 8 months)
Good deal if it's charges only one time 6.99% only.

4% p.a. FD x 6 years = 24%
Profit : 17%

Is that so? I really doubt it.

Taken from T&C:

Bro,

I called them twice lah.both different date, different agent but both give me same answer

So how?

Anyway best to settle this confusion is for someone to try it out

Any volunteers?

i would say the T&C has the final say..

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..

This post has been edited by DET_D5t: Apr 17 2012, 12:25 PM