Balance Transfer (BT) Plans V3 - Banks Offer List

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Credit Cards Balance Transfer (BT) Plans V3 - Banks Offer List

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TSbrotan	Sep 20 2014, 02:05 PM, updated 10y ago Show posts by this member only \| Post #1
Look at all my stars!! Senior Member 2,392 posts Joined: Dec 2009	Click Here For V2 FAQ On BT Topics In the spoiler are some of the most commonly asked questions in the thread. So I have compiled them here for easier reference as not to repeat the same question all over » Click to show Spoiler - click again to hide... « Q : Is it possible to BT within the same bank? Eg BT from Bank A to Bank A A : NO, it is not possible. You can only BT between cc of 2 different banks. Eg BT from Bank A to Bank B Q : Is it possible for Mr. A cc to BT to Mr. B cc ? That means BT between 2 different card holder A : NO, it is not possible. You can only BT between 2 cards with same card holder name Q : What is the maximum amount that I can BT? A : Each bank has different policy but general consensus is 80% of your available balance credit. Eg if your credit limit is RM 20k and you still owe the bank RM 15k, then you can maximum BT RM 4k. However, always consult your bank for the actual amount ######### Listed below are banks current offering of Balance Transfer (BT) program As I do this on a non regular basis, so if there is any update on the balance transfer offering or mistake in my post, pls let me know by PM so that I can update / correct it Disclaimer : I am not responsible for any financial issues arise from using the information provided. As I cannot list down all the T & C impose by banks, pls make sure you double check with the banks on the BT topics before you make any of your decision Thanks ######### Banks Currently Offering 0% Balance Transfer » Click to show Spoiler - click again to hide... « 1) Public Bank : 6 mths, Min - 6k per bank, Valid Until : 30/6/2014 (extended until further notice) 2) Aeon Credit Service : 6 mths, Min - 1k per application, Valid Until : NA Banks Currently Offering <= 3%/yr Balance Transfer » Click to show Spoiler - click again to hide... « 1) Public Bank : 1 yr, one time 2.5% fee, Min - 1k per bank, Valid Until : 30/6/2012 (extended until further notice) 2) Public Bank : 2 yr, one time 5% fee, Min - 3k per bank, Valid Until : 30/6/2012 (extended until further notice) 3) Affin - 36 mths, 7% fee, 0% interest / yr, Min - RM 3k per bank. Valid until : NA 4) BSN : 12 mths, 0% fee, 0.3% interest/mth w/ 0% last 6 mths, Min - RM 1k per bank, Valid Until : 30/4/2013 (but BSN say so far always auto extend) 5) BSN : 24 mths, 0% fee, 0.375% interest/mth w/ 0% last 12 mths, Min - RM 1k per bank, Valid Until : 30/4/2013 (but BSN say so far always auto extend) 6) Hong Leong : Up to you when you want to settle (no end date), 6.99% one time fee, 0% interest, Min - RM 1k per bank, Valid Until : Not sure 7) Alliance : 24 mths, 0% fee, 2% interest/yr, Min - RM 2k per bank, Valid Until : 31/5/2012 8) Affin - 24 mths, 6% fee, 0% interest / yr, Min - RM 2k per bank. Valid until : NA General Balance Transfer Offering Bank Name : Public Bank » Click to show Spoiler - click again to hide... « Link : http://www.pbebank.com/en/en_content/personal/cards/bt.html Email : custsvc@publicbank.com.my Balance transfer details Valid Until : 30/6/2012 (extended until further notice) Early Settlement Penalty : RM 100 per balance transfer : Plan A - 6 mths, 0% fee, 0% interest, Min - RM 6k per bank : Plan B - 12 mths, 2.5% fee, 0% interest, Min - RM 1k per bank : Plan C - 24 mths, 5% fee, 0% interest, Min - RM 3k per bank : Plan D - 6 mths, 1% fee, 0% interest, Min - 1k per bank Bank Name : Maybank » Click to show Spoiler - click again to hide... « Link : http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards Email : mbbcardservices@maybank.com.my Balance transfer details Valid Until : NA Early Settlement Penalty : RM 0 : Plan A - 6 mths, 0% fee, 0.5% interest/mth, Min - RM 1k per application : Plan B - 9 mths, 0% fee, 0.75% interest/mth, Min - RM 1k per application : Plan C - 24 mths, 0% fee, 0.375% interest/mth, Min - RM 2k per application : Plan D - 36 mths, 0% fee, 0.413% interest/mth, Min - RM 2k per application Bank Name : RHB » Click to show Spoiler - click again to hide... « Link : http://www.rhb.com.my/cards/benefits/smart_move/main.html Balance transfer details Valid Until : NA Early Settlement Penalty : No but up front interest paid will not be refunded : Plan A - 12 mths, 0% fee, 4% interest one time, Min - RM 1k per bank : Plan B - 18 mths, 0% fee, 7% interest one time, Min - RM 1k per bank : Plan C - 24 mths, 0% fee, 9% interest one time, Min - RM 1k per bank Bank Name : RHB Islamic » Click to show Spoiler - click again to hide... « Link : http://www.rhb.com.my/islamic_banking/cards/cc_main.html Balance transfer details Valid Until : 15/1/2014 Early Settlement Penalty : No but up front interest paid will not be refunded : Plan A - 6 mths, 0% fee, 0% interest one time, Min - RM 1k per bank : Plan B - 9 mths, 1% fee, 0% interest one time, Min - RM 1k per bank Bank Name : Aeon Credit Service » Click to show Spoiler - click again to hide... « Link : http://www.aeonmalaysia.com.my/acs/af/kona...ChannelId=-8814 Email : customer.service@aeonmalaysia.com.my Balance transfer details Valid Until : NA Early Settlement Penalty : RM 0 : Plan A - 6 mths, 0% fee, 0% interest, Min - RM 1k per application Bank Name : AmBank » Click to show Spoiler - click again to hide... « Link : http://www.ambankgroup.com/en/Personal/Car...es/default.aspx Balance transfer details Valid Until : NA Early Settlement Penalty : RM 100 per balance transfer : Plan A - 6 mths, 0% fee, 4.99% interest/yr, Min - RM 5k per transaction : Plan B - 12 mths, 0% fee, 8.99% interest/yr, Min - RM 5k per transaction : Plan C - 24 mths, 0% fee, 8.99% interest/yr, Min - RM 5k per transaction Bank Name : Al Rajhi Bank » Click to show Spoiler - click again to hide... « Link : http://www.alrajhibank.com.my/personal_fin..._transfer.shtml Balance transfer details Valid Until : NA Early Settlement Penalty : Yes but no formula. To be decided by bank (like car loan) : Plan A - 2 yrs - 5yrs, 0% fee, 7.99% interest/yr, Min - RM 2k per application Bank Name : BSN » Click to show Spoiler - click again to hide... « http://www.mybsn.com.my/tab_pb_transferplan.html Balance transfer details Valid Until : 30/4/2013 (but BSN say so far always auto extend) Early Settlement Penalty : RM 100 : Plan A - 3 mths, 0% fee, 0.3% interest/mth, Min - RM 500 per bank : Plan B - 6 mths, 0% fee, 0.3% interest, Min - RM 1k per bank : Plan C - 9 mths, 0% fee, 0.3% interest/mth, Min - RM 1k per bank : Plan D - 12 mths, 0% fee, 0.3% interest/mth w/ 0% last 6 mths, Min - RM 1k per bank : Plan E - 24 mths, 0% fee, 0.375% interest/mth w/ 0% last 12 mths, Min - RM 1k per bank : Plan F - 36 mths, 0% fee, 0.375% interest/mth, Min - RM 2k per bank Bank Name : CIMB » Click to show Spoiler - click again to hide... « Not Available Bank Name : OCBC » Click to show Spoiler - click again to hide... « Balance transfer details Valid Until : NA Early Settlement Penalty : NA : Plan A - 6 mths, 2% fee, 0% interest, Min - RM 1k per bank : Plan B - 12 mths, 4% fee, 0% interest, Min - RM 1k per bank Bank Name : Standard Charted » Click to show Spoiler - click again to hide... « Link : http://www.standardchartered.com.my/person.../advantages/en/ Balance transfer details Valid Until : NA Early Settlement Penalty : NA : Plan A - 12 mths, 0% fee, 5.99% interest/yr, Min - RM 1k per transaction : Plan B - 18 mths, 0% fee, 5.99% interest/yr, Min - RM 1k per transaction : Plan C - 24 mths, 0% fee, 5.99% interest/yr, Min - RM 1k per transaction : Plan D - 36 mths, 0% fee, 5.99% interest/yr, Min - RM 1k per transaction Bank Name : MBF » Click to show Spoiler - click again to hide... « Link : http://www1.mbfcards.com/promotion-powerdelicpair.html Balance transfer details Valid Until : 31/12/2012 Early Settlement Penalty : Pls call bank to find out : Plan A - Total accumulative BT for 1st 3k (can be few months BT accumulation) - 0%, after 3k 5.99% 1 time fee per BT. Eg. 1st mth BT - RM 1k, 2nd mth BT - RM 2k, 3rd mth BT - RM 1k, 4th mth BT - RM 1k Fee charge 1) 1st mth - 0% 2) 2nd mth - 0% 3) 3rd mth - 5.99% 4) 4th mth - 5.99% Rule : Must spend RM 300 per month or else normal BT interest rate will be charged for each month not meeting the target Bank Name : Citibank » Click to show Spoiler - click again to hide... « Link : http://www.citibank.com.my/english/existin...installment.htm Balance transfer details Valid Until : NA Early Settlement Penalty : RM 0 : Plan A - 0% BT available but only for existing customer. Not disclosed on website or through phone. Call bank to find out : Plan B - 6 mths, 0% fee, 5.81% interest/yr, Min - RM 1k per bank : Plan C - 9 mths, 0% fee, 5.56% interest/yr, Min - RM 1k per bank : Plan D - 12 mths, 0% fee, 5.44% interest/yr, Min - RM 1k per bank : Plan E - 18 mths, 0% fee, 5.35% interest/yr, Min - RM 1k per bank : Plan F - 24 mths, 0% fee, 5.32% interest/yr, Min - RM 1k per bank : Plan G - 30 mths, 0% fee, 5.32% interest/yr, Min - RM 1k per bank : Plan H - 36 mths, 0% fee, 5.33% interest/yr, Min - RM 1k per bank Bank Name : UOB » Click to show Spoiler - click again to hide... « Link : http://www1.uob.com.my/personal/promotions...tion_index.html Balance transfer details Valid Until : NA Early Settlement Penalty : RM 100 per balance transfer : Plan A - 6 mths, 3.3% fee, 0% interest, Min - RM 1k per bank : Plan B - 12 mths, 6% fee, 0% interest, Min - RM 1k per bank : Plan C - 6 mths, 0% fee, 0.499% interest/mth, Min - RM 1k per bank : Plan D - 12 mths, 2% fee, 0.75% interest/mth, Min - RM 1k per bank : Plan E - 18 mths, 5% fee, 1% interest/mth, Min - RM 1k per bank Bank Name : Hong Leong » Click to show Spoiler - click again to hide... « Link : http://www.hlb.com.my/pfs/cc/ccbt.jsp?flag=ccbt Balance transfer details Valid Until : Not sure Early Settlement Penalty : RM 0 : Plan A - Up to you when you want to settle (no end date), 6.99% fee, 0% interest, Min - RM 1k per bank Note : There seems to be contradicting T&C stated in the official document vs what is being described by the bank CS. Pls make sure you do your homework before you commit yourself Valid Until : NA Early Settlement Penalty : RM 100 : Plan B - 3 mths, 0% fee, 0.4% interest/mth, Min - RM 1k per bank : Plan C - 6 mths, 0% fee, 0.5% interest/mth, Min - RM 1k per bank : Plan D - 9 mths, 0% fee, 0.75% interest/mth, Min - RM 1k per bank : Plan E - 12 mths, 0% fee, 1% interest/mth, Min - RM 1k per bank Bank Name : Affin » Click to show Spoiler - click again to hide... « Link : [url=http://www.affinbank.com.my/news/2013-abb-btip.htm[/url] Balance transfer details Valid Until : NA Early Settlement Penalty : RM 100 per balance transfer : Plan A - 6 mths, 2% fee, 0% interest, Min - RM 1k per bank : Plan B - 12 mths, 4% fee, 0% interest, Min - RM 1k per bank : Plan C - 18 mths, 5% fee, 0% interest, Min - RM 2k per bank : Plan D - 24 mths, 6% fee, 0% interest, Min - RM 2k per bank : Plan E - 36 mths, 7% fee, 0% interest, Min - RM 3k per bank Bank Name : Alliance Bank » Click to show Spoiler - click again to hide... « Link : http://www.alliancebank.com.my/ccard_balan...e.html#BTFLE6MP Balance transfer details Valid Until : NA Early Settlement Penalty : RM 0 (but the remaining interest you still have to pay) : Plan A - 6 mths, 0% fee, 5.04% interest/yr, Min - RM 2k per bank Valid Until : NA Early Settlement Penalty : 5% of BT application amount + the remaining interest you still have to pay : Plan B - 12 mths, 0% fee, 6% interest/yr, Min - RM 1k per bank : Plan C - 18 mths, 0% fee, 6% interest/yr, Min - RM 2k per bank : Plan D - 24 mths, 0% fee, 6% interest/yr, Min - RM 2k per bank Bank Name : Bank Islam » Click to show Spoiler - click again to hide... « Link : http://www.bankislam.com.my/Documents/BALA...ANSFER_FORM.pdf Balance transfer details Valid Until : NA Early Settlement Penalty : NA : Plan A - Min 12 mths, 0% fee, 1.5% interest / month, Min - RM 1k per bank This post has been edited by brotan: Jan 6 2016, 01:46 PM
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TSbrotan	Sep 20 2014, 02:06 PM Show posts by this member only \| Post #2
Look at all my stars!! Senior Member 2,392 posts Joined: Dec 2009	Reserved
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solarwing	Sep 20 2014, 02:17 PM Show posts by this member only \| Post #3
aR u LoOkInG fOr mE ?"" Senior Member 1,202 posts Joined: Jul 2007 From: Western Digital "Bring your Life TO LIFE"	Reporting in..
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victorywp	Sep 20 2014, 02:42 PM Show posts by this member only \| Post #4
V.I.P All Stars 11,740 posts Joined: Oct 2013 From: Her Heart	yeah, v3!!
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chongaik82	Sep 20 2014, 05:11 PM Show posts by this member only \| Post #5
Casual Junior Member 454 posts Joined: Aug 2010	MBB Balance Transfer ============== One Time Charge (3%): Transaction Date 11-September. Waiver of 3% Up Front Fee: 17-September less than 10 days as what advice my MBB CS
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smartly	Sep 20 2014, 05:16 PM Show posts by this member only \| Post #6
Look at all my stars!! Senior Member 2,148 posts Joined: Nov 2007	QUOTE(chongaik82 @ Sep 20 2014, 05:11 PM) MBB Balance Transfer ============== One Time Charge (3%): Transaction Date 11-September. Waiver of 3% Up Front Fee: 17-September less than 10 days as what advice my MBB CS thought it is Balance Transfer 0% interest for 12 months with a 3% upfront fee waived ? why is there a date above ?
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lamode	Sep 20 2014, 06:37 PM Show posts by this member only \| Post #7
anything could happen! Senior Member 3,902 posts Joined: Jul 2007	QUOTE(smartly @ Sep 20 2014, 05:16 PM) thought it is Balance Transfer 0% interest for 12 months with a 3% upfront fee waived ? why is there a date above ? MBB will charge you first, and refund it back to you within 7 days.
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alexwsk	Sep 20 2014, 08:22 PM Show posts by this member only \| Post #8
Look at all my stars!! Senior Member 4,090 posts Joined: Jan 2003 From: USJ	reporting in, my BT from Aeon to MBB approved too (rounded up to the nearest 100) Fax to MBB: 13 Sep 14 One time charge in MBB: 17 Sep 14 (Posted 18 Sep) Credit into Aeon: 18 Sep 14 (Posted 19 Sep) This post has been edited by alexwsk: Sep 20 2014, 08:27 PM
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sj0217	Sep 20 2014, 09:23 PM Show posts by this member only \| Post #9
Look at all my stars!! Senior Member 6,483 posts Joined: Apr 2012	QUOTE(alexwsk @ Sep 20 2014, 08:22 PM) reporting in, my BT from Aeon to MBB approved too (rounded up to the nearest 100) Fax to MBB: 13 Sep 14 One time charge in MBB: 17 Sep 14 (Posted 18 Sep) Credit into Aeon: 18 Sep 14 (Posted 19 Sep) Reporting in About MBB BT, so basically they will charge you first then only credit back after few days, right ?? Interesting
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victorywp	Sep 20 2014, 09:35 PM Show posts by this member only \| Post #10
V.I.P All Stars 11,740 posts Joined: Oct 2013 From: Her Heart	QUOTE(sj0217 @ Sep 20 2014, 09:23 PM) Reporting in About MBB BT, so basically they will charge you first then only credit back after few days, right ?? Interesting :drool: yeah, it's mentioned in the t&c of mbb bt.
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tigaxxx	Sep 20 2014, 09:37 PM Show posts by this member only \| Post #11
On my way Senior Member 637 posts Joined: Mar 2014 From: Airport around the world	MBB offers the best BT so far.... going to do BT from PB to MBB when my first statement is available. :) This post has been edited by tigaxxx: Sep 20 2014, 09:38 PM
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lamode	Sep 20 2014, 09:46 PM Show posts by this member only \| Post #12
anything could happen! Senior Member 3,902 posts Joined: Jul 2007	I rounded up both AEON and RHB amount in the MBB BT form. 15 SEP - emailed BT form and other bank's statement to MBB @ mbbcardservices@maybank.com.my 17 SEP - Received human acknowledgement email 19 SEP - Cleared in RHB 20 SEP - ONE TIME CHARGE appeared M2U. Posting date is 19 and transcation date is 18, but it didn't show up until 20 SEP Still waiting for AEON to be cleared, seems like it gonna be Monday or Tuesday.
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smartly	Sep 21 2014, 12:09 AM Show posts by this member only \| Post #13
Look at all my stars!! Senior Member 2,148 posts Joined: Nov 2007	which method faster for bt ? i faxed to mbb instead of email...
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smartly	Sep 21 2014, 12:13 AM Show posts by this member only \| Post #14
Look at all my stars!! Senior Member 2,148 posts Joined: Nov 2007	mbb allow multiple bt. so each time will charge 3% first and pay back after 7 days ? 3 times bt will charge 3% x 3 and pay back after 7 days right ?
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victorywp	Sep 21 2014, 12:35 AM Show posts by this member only \| Post #15
V.I.P All Stars 11,740 posts Joined: Oct 2013 From: Her Heart	QUOTE(smartly @ Sep 21 2014, 12:13 AM) mbb allow multiple bt. so each time will charge 3% first and pay back after 7 days ? 3 times bt will charge 3% x 3 and pay back after 7 days right ? yes
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victorywp	Sep 21 2014, 12:37 AM Show posts by this member only \| Post #16
V.I.P All Stars 11,740 posts Joined: Oct 2013 From: Her Heart	QUOTE(smartly @ Sep 21 2014, 12:09 AM) which method faster for bt ? i faxed to mbb instead of email... same i think.
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smartly	Sep 21 2014, 12:41 AM Show posts by this member only \| Post #17
Look at all my stars!! Senior Member 2,148 posts Joined: Nov 2007	bt base on 80% of credit limit in mbb2 cards or 50K as per campaige expalined ?
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victorywp	Sep 21 2014, 12:57 AM Show posts by this member only \| Post #18
V.I.P All Stars 11,740 posts Joined: Oct 2013 From: Her Heart	QUOTE(smartly @ Sep 21 2014, 12:41 AM) bt base on 80% of credit limit in mbb2 cards or 50K as per campaige expalined ? 80% of your mbb cc but up to 50k only.
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lamode	Sep 21 2014, 10:29 AM Show posts by this member only \| Post #19
anything could happen! Senior Member 3,902 posts Joined: Jul 2007	QUOTE(victorywp @ Sep 21 2014, 12:57 AM) 80% of your mbb cc but up to 50k only. got member reported successful BT more than 90% CL. I believe the RM50k is per transaction only, not combined of all BTs.
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victorywp	Sep 21 2014, 11:10 AM Show posts by this member only \| Post #20
V.I.P All Stars 11,740 posts Joined: Oct 2013 From: Her Heart	QUOTE(lamode @ Sep 21 2014, 10:29 AM) got member reported successful BT more than 90% CL. :hehe: I believe the RM50k is per transaction only, not combined of all BTs. mbb 0% 12 months bt just started and someone already bt 90% of his cl?? who is that super kiasu?? lol... :D :P
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