Do we need another BT Thread since all of us post and discuss the latest BT plans here.

TS, if you really serious starting a new thread for Balance Transfer Plans, at the very least you should do the ground work and post all the current Balance Transfer Plans instead of asking us (most probably posted already in the current BT thread).

And most of us here are only interested in 0% Balance Transfer


**Edited May 2014**

If you are new to Balance Transfer Plans, please click on the link below to my article The Best Credit Card Balance Transfer Plans 2014 - Facts You Need To Know. No two Balance Transfer Plans are the same as each bank/financial institution will have their own set of rules.

The Best Credit Card Balance Transfer Plans 2014

This post has been edited by Gen-X: May 17 2014, 12:13 PM

There is a thing call SEARCH - go try it out. Key in 0% BT and you will get the latest posts.

Bro, since you sincerely want to offer your service. I vote we close the other thread (as the TS disappeared long ago) and we have this thread instead to discuss about BT. Good also we have the latest BT offer in first post.

Anyone one else want the second my proposal?

MOD or STAFF, what's your take? IMHO, no point having 2 BT Threads.

TS better be updating the first post


How is yours a third suggestion

Thank you.

brotan - since you ask for it - please check out the links of BT plans in my article below and update the first post.

Credit Card Balance Transfer Plan 2012 - Gone is the best 0% Interest Free Loan.



The HSBC BT was discussed in the previous Balance Transfer Plan where we talked about payment hierarchy and interest being levied even if one sign up for 0% BT. That's why no one got excited when HSBC offered their "0% BT" last year.

I pointed it out once again in my latest article on BT mentioned above. I suggest you read my article above so that you won't fall into a similar trap in the future. The most important thing to note is - will there be a new account created for the BT Plan.

This post has been edited by Gen-X: Mar 23 2012, 09:41 AM

I think the statement above applies to all BT plans that do not create a new separate account and not based on fixed installment with upfront interest. Have to be extra careful when signing up for BT plans with foreign banks. e.g. UOB and OCBC where 2 other members reported they were charge interest for new transactions, as mentioned in the previous thread.

However, I think it is a waste of time signing up for a card and then don't get to use the card if we do a BT. For example in HSBC case, if we don't swipe 12 times, annual fee will be imposed and we got to call for waiver. Not only that, if one sign up for a card purely for BT, there is a RM50 GST to take into consideration too; and if got early settlement condition, may have to pay again. And HSBC cards do have discounts at merchants, so I guess if we want the discount, have to treat our HSBC credit card like a debit card - swipe then fast fast go ATM and pay it up OR deposit money into account first(?).

Looking forward to you updating 1st post

Good job Bro, considering you only had one BT Plan posted this morning. I am only interested in the spoiler for the 0% BT Plan

Good that you gave links to the Banks in other relevant spoilers so that it is easy for those interested to go check out the terms and conditions. And if a person failed to read the terms and conditions attached with the BT Plans, then he is himself to be blamed when interest is imposed. And if one does not understand the terms and conditions and too lazy to read my article on BT to gain some info on different type of BT, then he/she deserve to be a slave to the bank, hahaha.

haha, this is only just the beginning of your free service, more to come

You are right, I was blur. Now I fully understand what you meant. Wah, HSBC can change T&C half way? But then again when HSBC offered me the 0% BT last time, they never gave me the impression that it was truly a 0% BT. I could not figure out what the guy was trying to explain about hierarchy thingy and he ended up telling me not to worry. Why does one need to worry in the first place when doing BT? Luckily I never bothered with HSBC, else may have ended up in the same situation like yours.

Anyway, with what mIssfROGY shared with us, those of you thinking of HSBC BT better be prepared for headaches.

gerrardling - you did any BT with HSBC? If yes, did you encounter any problems?

Bro, fantastic job so far, even got CIMB - NA

Next month you got to update again

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.

I guess all should use post#1 as reference only AND if interested one should then go to the bank's website to reconfirm the BT plan promo.

HSBC - make sure you understand the terms and conditions and their payment hierarchy. Even if it is 0%, it may not necessary means you won't be imposed interest for transactions with your card.

Good question, can we get the banks to credit extra amount paid into our banking account(s)? I know previously another member mentioned CB initially refused to pay him the cash back he earned showing as credit in his statement when he terminated his card; only after he complained to BNM did CB sent him the cheque.

Most card issuers will need your current Statement showing amount Outstanding when processing your BT application. So if you got no Outstanding Balance, I doubt they will approve your BT application.

Having said that, some banks do allow you to do BT and bank in cash into your account without any Outstanding Balance on your credit card but it is no 0% and more like Personal Loans. Click below link to read my article:

Hong Leong Bank Credit Cards - What Are They Good For?

And Bro, if you do manage to get the bank to credit into your banking account, please share.

This post has been edited by Gen-X: Jul 5 2012, 08:51 AM

RHB Bank now offers 0% 6 Months BT until end of the year

http://www.rhb.com.my/Whats_New/cards/smar...lance-transfer/

Bro, the CIMB 0% 6 months Balance Transfer Plan is for those who are NEW to CIMB credit card only. Click on below link to read my article on it

CIMB 0% Interst 6 Months Balance Transfer Plan 2012

Read my article on RHB Credit Cards Review and Promotions

After signing up for SCB BT, will you be imposed interest on new transactions like HSBC and UOB? Ask this question if you are thinking of signing up with SCB. Better you guys understand the T&C of BT plans offered via phone and not simply sign up for it.

This post has been edited by Gen-X: Sep 12 2012, 02:52 PM

Bro, I was referring to MugenK20A post where he mentioned about SCB 1% BT lah. But SCB got better offer than 0% BT, they offering Cash to new approved application(s) if you didn't know

I am not familair with AEON but you mentioned they approved it on 30 August and is already the 12 September and kind of long for them to make payment.

I guess you better call AEON CS up and check if they have made payment to MBB. And if yes, when and how payment was made?

and you posted here on 12 Sept before calling MBB CS.... make yourself worried for nothing