Hi all sifus, sorry if I sound noob here. I am not too sure how BT works.

So if I balance transfer from Bank A CC to Bank B CC, i still keep both card right? It does not mean the Bank A CC is terminated right?

If the CC not terminated, I have some question to further enquiry on best way to fully utilize my fund.

My financial status as below:
MBB 2 card: Total Combined Limit RM15k
MBB Visa - Swipe Rm10k
MBB Amex - Swipe Rm1.2k

Available Limit is Rm15k - 10k -1.2k = RM 3.8k

Initially I plan to apply Maybank EZYCash for RM10k which costs 3.88% one time fee for 6 months zero interest repayment (Rm1666.66 monthly) Link :http://www.maybank2u.com.my/mbb_info/m2u/public/personalDetail04.do?channelId=CRD-Cards&cntTypeId=0&cntKey=CRD01.16.09&programId=CRD01.16-CCFeatures&chCatId=/mbb/Personal/CRD-Cards

But the problem is they only allow me draw up to 90% of the available credit limit. Which mean 90% of 3.8k which is useless for me.
I was thinking maybe I can increase my credit limit to additional 10k. then 90% of 13.8k is 12.42k which allow me to apply ezycash. I'm not sure Maybank going to allow me increase credit limit in such case. Advice needed

On the other hand, I can choose to Balance transfer my MBB 10k debt to my other CC such as OCBC Titanium or Cimb Cash Rebate Platinum Card. So the Balance transfer amount is based on 80% of available credit limit on my OCBC/CIMB card as mention in 1st post right?

Or Shall I apply new card to BT the debt to that new card? Any suggestion?

P/S, please dont worry about my financial repayment. I got cash to repay all the debt but I dont feel like doing that because I can earn more from the stock market using the 10k (at least Rm388 to cover the EZYcash 1 time advance fee).

I'm open to all opinions. Thank you in advance.

I think you are refering Aeon Watami card, am I right?

Too many ppl sharing BT here BT there Re-BT. I'm confused. hahaha..

Any latest BT promotion with free gift? haha..
Anyway, I will simply apply a card with 0% BT soon. Thank you.

So the current 0% BT only left Aeon and Public Bank?

I just submit application to BT 10k to PBB. not sure approved or not.. haha..

I still got remaining 5k on OCBC. Still thinking should I apply Aeon card to BT that..

you can submit application through email for Aeon? I thought I must fax it?

1st of all, I am also quite new to BT. My explanation might wrong.
Balance transfer means you transfer CC debt from Bank A to Bank B.

If I understand your meaning well, you got some outstanding balance in Aeon CC.
Assuming your debt is on Aeon CC, you want to transfer to Maybank. U need to have maybank CC 1st. So u apply BT from Maybank to transfer Aeon CC debt to it.

Most of taikor here just BT for 0% interest. They are cash rich, they just want to temporarily park their money elsewhere to earn some interest while enjoying 0% BT for 6 months.

Currently 0% BT just Aeon and Public Bank which means if you transfer any CC debt from other bank to Aeon/Public, you will entitled 6 months 0% interest.

I hope it clears your doubt.

I see. I always think I need to fax.
http://www.aeonmalaysia.com.my/acs/static/...orm_new_fax.pdf

Glad to know. Thank you.

This give me a reason to apply the card. I assume you also getting Aeon Watami right?

I did not spend alot. Mostly 1-1.5k per month. Had been using M2Amex and OCBC.
I don't think I can fully utilize the 3% cashback for watami as they exclude BT from that.
That's why I might be considering normal Aeon Gold card, at least got free access to airport lounge. hahaha..

By the way, I checked my PBB just now. Surprisingly they had already did the BT from my MBB and outstanding balance now become 1666.66. And as expected, they did not even bother to inform me my application had been success. LOL..

But my MBB had not receive any payment. Are PBB using IBG transfer or cheque facility?

Thank you

That is easy payment right?

Balance transfer T&C does not mention anything about early settlement.
https://www.aeonmalaysia.com.my/acs/static/.../BT_TnC_Eng.pdf

I might be wrong

BT from MBB to PBB
Submit Application to PBB : 30 Jun 2014
Approval : 2/3 Jun 2014 (No email/sms received, just assumption)
Payment received on MBB : 4 Jun 2014

I would say pretty fast

hahaha..

My mistake..

Why don't just BT to aeon? 0% interest..

Does anyone know if there any charges to withdraw money from MBB due to excessive BT?

I want to BT rm10,000 from PBB to MBB. But my MBB actually just owe 2,000, means excessive of 8000.

I wish to withdraw the excessive 8000 from MBB credit card to my MBB Saving Account.

haha.. u know me well @victorywp !
i thought i can manipulate the bank.. LOL

yes exactly. U tried before?
I can park the money in other place a while before paying off..

It would be good if there is no charges to withdraw the excessive payment

I want to know too.. Hehe..

If just rm2, I'm going to test it out.. Haha..

Use PBB BT as it does not require credit card statement.
Then withdraw money from the bank to pay off others cc.. (subject to withdrawal surcharges)

It should works, right?

This post has been edited by cyang: Sep 17 2014, 01:02 PM

But when they transfer fund through ibg/cheque/etc, they will put ur name and account number right?
If they put the wrong name, the transaction will be automatically void right?