@Folks

I have mentioned in my Forum T&C that mentions of "special" maneuvering of financial products is generally dangerous to newbies coz they don't understand the consequences if something were to go wrong. Post 118 is especially guilty of this and post 122.

I have been observing posts by members here and none of the "special" maneuvering , carry any caution of the risk involved.

Consider this is the last warning to all as I have mentioned of zero tolerance to such behaviors/post. I'll delete/close the thread without notice if I see any more violations.

If you guys want to discuss BT ... do it in the right manner.

This post has been edited by hye: May 9 2012, 11:18 PM

@brotan

You need to see the entire context - Post 119 exist because of Post 118 and the member specifically mentioned your name to answer a hypothetical scenario which they think you could answer the "special" scenario after reading what you post in Post 118.

While yes ... you did throw some non-suggestive remark in Post 122, the answer is unable to leave a concrete definitive evidence it is not a good idea.
1. Normally BT allow 80% of your credit balance (credit limit minus what you owe them that month). Which means you need a cc that has credit limit of RM 62.5k or higher and you cannot spend on it. Maybe it can be done, but i am not sure

2. anyway, maybe it can be done but i personally won't do it.

The best you could do is not to provide any replies. Your answers can suggest a reader to try it out and if you read (best to be practiced) what our valued contributors have done in most section of this area is to model/provide calculations as to why it is a bad idea. The calculations provide a clear picture of the risk and the potential exposure thus if they still do it then

A simple non-suggestive remark does not cut it. I'm sorry ... most younger readers (and the wanting to be spoon fed generation) who just got a first job are just too eager and demands YOU to tell them with absolute proof that it is not a good idea.

I'm sorry but I felt that if Post 118 did not exist then none of this would have happened.

This post has been edited by hye: May 10 2012, 12:26 AM

Please provide more details, elaboration and proof. Your statement is not worth anything coz anyone can say anything like that.

Because Citibank's BT account is not separate, what it means is that your monthly payment will be based by hierarchy.
In short "Retail Spending" + "BT", so technically you are not paying your bills in full every month if you have retail spending. That means you will be paying interest to the bank.

@boonykun

The calculations is not as straight forward as you think. You may think you pay off your BT but in actual fact the bank's automatic fund allocation system doesn't work in the logic you describe. (You can't ask the CS to change this allocation system either)
I'll stand firm on you not to use Citibank for retail + BT.

Nope. Balance transfer is between banks and not between cards.

What @Titan_Gunners is saying is that if you don't understand it yourself and your understanding is based on what other people is telling you then please stay away from subscribing to such debt. (Which I agree)

You need to understand yourself what you are getting yourself into and shying away from advices given by non-professionals - they at least need to come from the bank that you are signing up with. Now ... this has nothing to do with we are not sharing with you ... this is a practical and sincere advice for you. (in case anyone from my fan club decides to flame me for my statement.)