u mean online transactions ? U could consider CIMB Platinum Cash Back & UOB Vox

This post has been edited by DarReNz: Mar 12 2014, 10:52 PM

Everyday I receive call from some agents which believe to be same company but different agents.

Hello.. I am XXX, previously worked with HL Bank. I am now working with XXX and would like to help you if you need to refinance your credit card debts....

Anyway we can use the recent Data Protection Act to protect and avoid such calls?

Hi,

Can I use credit card balance transfer to
pay my CC debt?

I would like to pay my CC debt of 4k and cancel it.
Don't want to use CC anymore.

Sorry for asking this, I'm not well versed in banking.

Balance transfer is transfer of debt, so instead of owing to your original bank A you now owe to bank B.

Its advantageous to you because bank B probably will give you a period of low/no interest (normaly 6 months 0% interest I think) which gives you more time to pay. But this will require you to apply bank B credit card.

If you have RM4k on hand no need, just pay it off and cancel your card. Otherwise take a balance transfer and you'll have more time to pay. No matter what need to pay, of course*.

* - unless you want to fly overseas and never come back

Oh.. i see.. so thats what balance transfer is about

so what you suggest is just pay off my CC debt in cash ya?

sorry.. i actually not quite clear oso abt this balance transfer, balance transfer..
dont have a single clue..

thanks for your kind opinion

if you plan not to use any cc anymore, then just pay off your cc debt in cash.
if you do balance transfer, you are just transferring your debt from bank a to bank b.
meaning that you will still be using a cc (just that the cc is now from bank b rather than bank a).

if let's say i want to pay off my total cc debt in cash
and short in cash, is there any other alternative?

whats use of balance transfer if in the end i end up with another credit card?
i just don't understand

if you are short of cash to clear off the debt, you may apply for cc installment plan from the same bank. something like this: https://www.hsbc.com.my/1/PA_ES_Content_Mgm...rds/fpp_tnc.pdf

the benefit of balance transfer is:
- let's say you have a debt of rm1.2k with bank a.
- if you don't settle the debt within 20 days of interest-free period, then they will start charging you with interest usually 1.5% monthly (9% half-yearly; 18% annually).
- if you transfer the debt to another cc (bank b), then maybe you get 0% interest free for 6 months installment from bank b.
- so you just need to pay rm200 monthly (in 6 months time) to bank b instead of one-shot rm1.2k (in 20 days time) to bank a.

For credit card application, after submitting the application forms (applied at booth), is it a must for the bank to make verification call to the applicant before proceeding with the application?

yes, normally they have this practice.

this month i have an outstanding balance rm5k++... if i pay minimum rm1k and balance left 4k.. what is the interest charges for next month? (assuming it wont affect my CCRIS report)?

first, you need to know what is your cc interest rate. commonly it's 18% pa. but different cc banks have different interest rates in which usually lower than 18%.
if you know the interest rate, then you may calculate yourself here: http://www.citibank.com.my/english/docs/us...-calculator.htm

Thanks for the info. Experienced cards approval without the verification call.

Need to know where the hell can I pay the bill for OCBC..
Any places? Online on Cimbclick maybe?

yes, cimbclicks is able to pay ocbc bill. use interbank giro (ibg) charge is rm0.10 per transaction.

I don't have any payslip and epf...but I able to proof my bank has 4k+- saving per month...do I able to apply any credit card ?

No Income Proof, No Credit Card

FYI, Even You Used FD Pledging for Credit Card, the Bank also Need Your Income Proof Documentation Such as a Simple Salary Slip- the Proof of You got a Firm, Steady, Stable Job with an Ability to Handle / Repay a Credit Obligation in Time or Maybe for Long Term...

As the Bank Want a Good Paymaster NOT a Bad Debtor, for Sure...

if you have a monthly saving of around rm4k and yet without payslip and epf, how do you pay your tax?

If your net worth is high you may try deposit RM 200k with HSBC and get their Premier Mastercard.

This type of question better not answer, who knows who else is reading these forums