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Credit Cards Balance Transfer (BT) Plans V2 - Banks Offer List

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determine85
post Mar 12 2014, 05:26 PM

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Hi bros need help!

I have applied to mbb previously for my BT, but took a long time no reply so I applied to hsbc which they approve within 2 working days. then 1 day later MBB told me they approve my BT also. I tried to call cs to ask MBB to cancel it they say cant as the application is already approved. what should I do now?? I dont want to be paying for 2 BT interest!

Thanks guys
determine85
post Mar 12 2014, 11:37 PM

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QUOTE(guy3288 @ Mar 12 2014, 10:51 PM)
i  have cancelled Watami approved BT before. Easy if they have not issued out the cheque payment. But even if issued if cheque still not cleared  they can also do a stop payment, the Aeon BT officer lady told me.

You must write in email/fax  with a phone call as well, insist you want to cancel that BT or else you are going to pay for nothing. Speak to BT officer not the cc CS.
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hsbc said they have already disburse the money, can't do anything from their side. they ask me to call the credit card that im transferring from to reverse the payment. then i call the cc they say they havent receive anything yet, and should ask hsbc to stop payment. im just worried if i cancel one of them, will i be charged the interest? coz I took the 3% fee bt. if they gonna charge me even if i cancel then i'll end up paying 6%!

don't know about u all, this is my first time doing a b/t and it seems applying to various banks seem like not a good idea after all.

i can't understand the logic once we apply and they approve, then cannot cancel d / need to pay the interest if want to cancel. not like mortagage where u can decide to accept their offer / credit card where u need to activate it only considered u accept. bt - once approve i must accept??
determine85
post Mar 13 2014, 12:22 AM

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QUOTE(ronnie @ Mar 13 2014, 12:08 AM)
You apply for Balance Transfer and you want to get an offer letter ???!!!
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no.....what im saying any form of 'acceptance' from customer

obviously everybody wants the best rates but if we got rejected by the bank we need some backup plans rite.

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