Just to share my first BT experience: BT from OCBC to AEON. Thanks for guidance/info from all the sifu here!

19Apr (Sat) BT Application via email (9 working days left from my due date )
21Apr (Mon) Email receipt acknowledgement
22Apr (Tue) Verification Call
23Apr (Wed) Unbilled transaction posted in AEON
24Apr (Thu) Approved SMS received
28Apr (Mon) Cheque sent out
29Apr (Tue) Payment posted in OCBC (Completed 3 days before my due date )

It took 7 working days. Not bad considering AEON uses cheque instead of Giro.
Kudos to AEON team that really rush out the cheque as I told my due date is near. (Though they keep saying the process will take 15 working days...)
They even gave the courier service tracking no. I tracked the cheque delivery online.

This post has been edited by tbheng: Apr 30 2014, 02:03 AM

Forgot to share another thing on my first BT...
I received no less than 6 calls to offer BT within the first 3 days after I sent in the BT application.
Coincidence? How does our PDPA holds? Wonder such thing only happen in bolehland
Even if it is related, with the benefits I gain from my BT, no big deal lah, just annoying only.
I normally cut the conversation after knowing their intention.
But was once itchy and asked "You got 0%, no charge one ar?" She replied straight with sarcasm "If got we won't need to call lah..."

Hi guys, another tips to share on BT for AEON...
If you want to BT including your supp card swipes, please make sure the statement submitted show the principal card number with total amount (principal+supp) side by side.
Last month, I used the ocbc paper statement, both principal and supp card siwpes were BT-ed.
This month, I used the ocbc e-statement (to save time by not waiting for paper statement), end up only the principal card swipes were considered. If you have ocbc e-statement, you will know what I meant.
E-Statement from HLB and MBB are fine.
That's why I hate those banks which still do not have the e-statement with exact layout like the actual/paper statement.

You are right that HLB does not have pdf e-statement yet.
But the online e-statement serve the purpose and AEON accepted my BT based on that format (print-to-pdf).

I would think so. So far mine are still within 3.
Anyway, there is no limit of BT application except the CL available limit.

Ya, 80% as per TnC. Mine still below 80%.
Wonder during the verification call, will they inform if exceeded 80%?
IINM, read in this thread, if exceeded, the BT will just failed without notification. Advice is to monitor closely on cheque clearance.
Unless someone can re-confirm this.

Besides keeping track of the gains (interest from putting the money in FD, reward points), I also keeping track of 2 other things:
1. The current available CL - to ensure the next BT request can go through without problem (< 80%)
2. The accumulated outstanding BT - to ensure the FD is enough to cover this at any point in time.

This post has been edited by tbheng: May 16 2014, 01:40 AM

With a rough simple calculation...
1. Combined CL of 50k - assuming from 2 or 3 cc that provide 0% BT
2. Max accumulated BT is 40k - assuming 80% of CL
3. Monthly interest gains is RM100 - assuming 3%p.a. FD
That is free money like the CB that flow in every month. Nice?
There is no capital outlay (but only the effort in BT/monitoring/FD), dunno how to calculate ROI dy..

Whoa... >100k
Another simpler way to calculate your gains is just based on your FD interest, assuming:
- you put the total BT amount into FD
- all BT done are 0% and no charge incur
Hence, you just reap the FD interest every month. If need be, add in the reward points redemption value.

With the rough simple calculation I posted earlier. Assuming maintaining accumulated BT amount and FD interest of 3%p.a.
BT 40k ==> FD interest of RM100/mth.
BT 100k ==> FD interest of RM250/mth.

Caution: serious attention/timing needed in handling this procedure.
Disclaimer: calculation above are for reference only.

This post has been edited by tbheng: May 17 2014, 10:14 AM

Yes, exactly as per bearbear explanation below.
Nice production line u got there.

I want to BT from AEON Watami to PBB also.
Anyone experienced how many working days it took?
PBB CS told they will pay AEON via internet and not cheque...
And also which email id you guys sent your forms to? It is not stated on the form..

This post has been edited by tbheng: May 24 2014, 09:29 AM

My understanding is anything between the min amount and 80% of your available CL.
But one would not over pay the cc too much to cause extra credit in the BT-from cc.

This post has been edited by tbheng: May 24 2014, 11:07 AM

OCBC statements have been late these days.
I have already got the BT completed (by using ocbc e-statement), credited to ocbc 5 days ago, now only the hardcopy statement come.

Something to share on BT to PB.
I submitted last Saturday via email, until today no call...due date next Monday.
I called and CS told already approved and installment posted yesterday.
I asked why no call to verify one? CS said they will call only when there is a need.
Asked will PB pay my AEON Watami by cheque or IBG?
CS said will pay AEON by IBG except 2 series of cc number : 5470-71xx-xxxx-xxxx or 4726-98xx-xxxx-xxxx.
My Watami strike lottery, they sent out cheque today, should still meet my due date on next Monday, hopefully.

Ya, I guess all watami fall under the same range and cannot be paid via IBG.

Oh really? Thanks for confirming.

Yeah, rather "quietly" done at the back. There was no sms to notify BT approved either...

Haven't tried Citi BT. It is best for you to call the CS to get those dates and follow through closely.

According to the CS, not just include issuance, also include cheque clearance, i.e. credited/posted in the target cc account.
You can read back this thread, there are no less than 10 cases shared by all members here on AEON BT timelines for your reference.

AEON roundup mine to the next Ringgit instead.

Great news! Thanks.
More BT...

This post has been edited by tbheng: Jul 5 2014, 02:06 AM