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.

Hi genx I think u didnt read properly
Yes, you are right about HSBC's BT.....but when i did it, the condition was DIFFERENT.
As i said, it was fine for the 1st few months and i read the fine prints where they said the BT amt will be charged differently, which they did, for the 1st few months. Until the promo ends, they CHANGED the TERMS halfway thru.
1st few months, i paid the normal retail and monthly BT without any interest charged, so this was exactly wat i signed up for. So i am saying...HSBC likes to change their terms anytime, so even if u sign up for a contract with them, its up to them to change the terms as they like and they WILL DO IT.

And another worrying thing is the fact about the EXTRA i paid to offset interest. There is NO REASON for them to charge me MISC FEES out of the blues the EXACT AMOUNT i paid extra to offset the interest, and CHARGE ME INTEREST, and CANNOT EXPLAIN what is the MICS FEES all about?

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?

thanks for your intro bro

really cool stuff. called them up and indeed not only their rate is good, their repayment method also different and better than other banks

Updated on pg 1 but you can find the description here

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Bank Name : Bank Islam

you mean you can't terminate your cc for 3 years?

I cleared all my previous 7 BT with CIMB        with the same method... pay 1-2 days before due date.

Should avoid BT program which lumps the BT amount + Retail amount in same CC account 

Hi Ronnie,

a bit confused.

I am using PBB which combine BT & retail spending under 1x statement. So far no problem because they always give me the final statement how much i should pay (retail + monthly BT repayment) each month. If I settle that, no extra interest

I have the same experience with Maybank (and now also RHB)

Anything that I miss out?

I called the bank today and they said got no such promo. Perhaps only selected customer?

I already submit my new cc application together with BT form to BSN (post direct to BSN HQ)

Until now, the card not yet ready...I call, they said the application was approved but still processed

It has been a month i submit a form..
If apply maybank, 1 hour already finish..huhu

Hope my BT will be approved also..

I did ask them about that, they said don't need to verify since i already own credit card before..

What to do, juz wait la..hoho