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

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victorywp
post Jan 6 2015, 10:37 PM

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QUOTE(MiKE7LIM @ Jan 6 2015, 07:14 PM)
rclxms.gif Great..waiting my other cc statement then try out BT  icon_idea.gif

If amount is rm2266, we can round it up to rm2300 right?
*
no, they round up to the nearest ringgit only. for example, rm2,266.40 become rm2,267.00
victorywp
post Jan 6 2015, 11:15 PM

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QUOTE(MiKE7LIM @ Jan 6 2015, 10:52 PM)
blink.gif  read earlier post and they mentioned round up....?

Hmm...So I just round up and attached my statement see whichever they approve biggrin.gif

Between, do We can send via email of BT? (Aeon) Couldn't find their email in d form and here... doh.gif
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mbb round up to the nearest rm100.
aeon round up to the nearest rm1.
yes, aeon can email too, check the email at post #1.
victorywp
post Jan 7 2015, 08:09 PM

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QUOTE(sms2u @ Jan 7 2015, 06:23 PM)
U can transfer 9600 from mbb to Aeon provided u have 12000 available balance.

Yes, you can apply another cc and transfer.
But, it might take time to get the card approved.
*
not necessarily must have 12k available balance in order to be able to bt 9.6k. even if he already used 2.4k, he still can do bt for the remaining 9.6k. 80% is on the cl not on the available balance.
victorywp
post Jan 8 2015, 12:30 AM

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QUOTE(fruitie @ Jan 7 2015, 11:16 PM)
Really? I thought on available balance. Cool. I still have around 6k+ balance after my last BT, thought it is based on balance. That means I still can BT 9.6k? Assuming my CL is 12k?
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assuming your cl is 12k, your total available bt is 9.6k. let's say your first bt was 5k, so you can only do a bt up to 4.6k on the second time, of course a little bit higher, if you have paid your first bt instalment.
victorywp
post Jan 8 2015, 12:36 AM

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QUOTE(fruitie @ Jan 8 2015, 12:28 AM)
Yeah lo. I also think this world doesn't have free lunch.  laugh.gif
But victorywp's statement made me confused for a while. laugh.gif
Ok lo, will do for the rest. Another 3k better than nothing. tongue.gif
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actually very easy to understand:
1) 20% of cl for your usage
2) 80% of cl for your bt

if you have 12k cl, you can spend up to 2.4k and bt up to 9.6k with your cc. so you can spend up to 2.4k before you start to do bt. doesn't mean that you must start to do bt before you can start to swipe your cc.
victorywp
post Jan 8 2015, 12:55 AM

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QUOTE(j3srocks @ Jan 8 2015, 12:40 AM)
I was wondering....what happens to the first card that i have debts in? Does it get cancelled automatically?

Sorry if this has been answered before.

Thanks!
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if you did a bt, your debt from first cc will be transferred to second cc. meaning that your second cc bank paid on your behalf to your first cc bank. and so now you are owing to your second cc bank.
victorywp
post Jan 8 2015, 01:25 PM

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QUOTE(alexwsk @ Jan 8 2015, 11:59 AM)
RM12k x 80% = 9.6k
you can always BT up to RM9.6k PROVIDED that RM9.6k CL is still available, get it?
if u swipe 10k b4 BT, u can do a BT up to 2k

and yes, if u oledi spent RM2.4k and bt another RM9.6k, ur total outstanding is now RM12k - the bank grants you 12k CL, u shud be able to fully utilise it (that's the risk they are willing to take on u, else they wud grant u a lower CL)
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thanks for clearing it up. i really don't understand why it's so hard for him to understand even with so many clear explanation above his comment. sweat.gif
victorywp
post Jan 8 2015, 01:27 PM

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QUOTE(j3srocks @ Jan 8 2015, 10:16 AM)
So that means i will have 2 CC after the BT?
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you need to have cc from 2 different banks to begin with.

This post has been edited by victorywp: Jan 8 2015, 01:35 PM
victorywp
post Jan 8 2015, 01:28 PM

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QUOTE(sms2u @ Jan 8 2015, 01:06 PM)
Pls tell me which bank u had tried.
NO ALL BANK HAVE THE SMAE WAY TO CALCULATE THE AMOUNT U CAN DO BALANCE TRANSFER>
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based on my experience (maximising both), aeon and mbb.

so now you may tell us which banks are not.
victorywp
post Jan 8 2015, 07:24 PM

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QUOTE(sms2u @ Jan 8 2015, 04:37 PM)
U trying to tell the balance transfer amount is based on credit limit only and no related to available balance.

I can tell you AEON is not and many other bank also need to calculate the amount for balance transfer based on credit limit and available balance.

Have you call to check with AEON?
Have you try to request a balance transfer which exceed available balance?
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yes, as long as i keep my own expenses with the cc at the max of 20% of cl, my available bt is always 80% of my cl.
and so it's nothing to do with 80% of available balance at all.

what else prove do you want when i'm telling you that i'm maximising my bt every month (80% of my cl)?
and of course i did many times requested bt that exceed 80% of my available balance.
because as me and cyang mentioned, it is based on 80% of cl, not 80% of available balance.

it is a very simple and straight forward thing but you took so long and still don't get it.
and when you don't get it, try to read more or even try to experience it yourself by applying bt max up to 80% of your cl.
victorywp
post Jan 8 2015, 07:29 PM

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QUOTE(brotan @ Jan 8 2015, 05:23 PM)
problem is the 5k min for 0%  rclxub.gif
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what's the problem with 5k for 0%?
if you worry you don't have so much cc debt to be paid with 5k, just overpay it to mbb and cash out the balance. lol...
victorywp
post Jan 8 2015, 07:54 PM

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QUOTE(fruitie @ Jan 8 2015, 07:45 PM)
Guys, is there any way to transfer to Aeon from MBB without waiting for the statement to be generated?

I swiped 8k+ after my statement date on 24th Dec and plus my outstanding amount (both AmEx + VISA) which only due next week had caused my CL to burst now. laugh.gif

My next statement date is 24th Jan. laugh.gif Else, I will refrain myself from spending anything now until I clear my outstanding payment next week, at least it clears up some air. laugh.gif
*
you may try printscreen your mbb unbilled transaction page online to be attached to your aeon bt application. nod.gif

This post has been edited by victorywp: Jan 8 2015, 10:48 PM
victorywp
post Jan 8 2015, 10:47 PM

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QUOTE(fruitie @ Jan 8 2015, 10:28 PM)
Er.. I was saying MBB to Aeon, so is the other way round right?
I meant balance transfer my MBB unbilled transactions to Aeon, is that possible?
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oops sorry, yeah, it's the other way round. blush.gif

edited it...
victorywp
post Jan 9 2015, 01:39 AM

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QUOTE(fruitie @ Jan 9 2015, 12:27 AM)
Even though the previous month's statement is not relevant? blink.gif
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oh yeah, there was once i used the same statement for 2 different months' bt application too. yes, it's approved too. lol...
victorywp
post Jan 9 2015, 11:06 AM

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QUOTE(sms2u @ Jan 9 2015, 10:20 AM)
It is tired to talk with u
Why u can get the balance transfer exceed 80% limit?
Becos u are using the wrong formula.

I can tell u the balance transfer is not only depend on 80% of credit limit.
There is anoher factor which is available balance need to consider in determine how much the balance transfer amount allow.

I no deny yo say that balance transfer amount allow is depend on credit limit.
Actually, balance transfer amount allow depend on credit limit and/or available balance.
*
you already started to get more confused.

i said bt amount can be applied over 80% of available balance, but maintained at 80% of cl.

if you factor in available balance, the maximum bt amount will be lower than 80% of cl, not higher.
victorywp
post Jan 9 2015, 05:18 PM

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QUOTE(fruitie @ Jan 9 2015, 05:13 PM)
laugh.gif at those replies. laugh.gif
Actually not addicted but being a good hearted person, I helped my overseas friends to buy 2 iPhone 6 and close to 5.5k of CL is stuck there. In addition, I also bought flight ticket to Japan and another 1.6k stuck there. My CL is stuck with these purchases now and plus all other spending + last month's statement, already spent overlimit, cannot swipe the card anymore. I don't want to pay MBB so soon when it is going to due only in mid of Feb. I just need my CL to be freed when I'm in Japan end of this month. tongue.gif
So BT seems to come handy this time. blush.gif

I know I have a lot of excuses. laugh.gif
Anyway, a question just popped out. I intend to buy a house soon and wanna apply for loan, will all these BTs affect my credibility and lead to banks' rejection?
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i thought i will be the first to be blamed by you lol...

not much affect, don't worry. just remember to pay your instalments on time.

This post has been edited by victorywp: Jan 9 2015, 05:19 PM
victorywp
post Jan 11 2015, 10:01 PM

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QUOTE(LoveMeNot @ Jan 11 2015, 09:42 PM)
Hi all,

Just want to ask, I have the following cc at the moment:

-HLB
-Maybank
-HSBC
-UOB

Which of the following offers 0% BT now? I do know MBB do. What about the other three?
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sorry, the other 3 tarak 0%...
victorywp
post Jan 12 2015, 01:29 AM

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QUOTE(kaifahalas @ Jan 12 2015, 12:25 AM)
Any 0% balance transfer with free gift... such as trolley bag, hand-phone, etc... ?
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a bank offering 0% for bt is considered as a free gift already. and if they offer points for bt (like aeon watami), then that's another bonus...

with the benefits of 0% and points given, you can buy yourself a trolley bag, handphone, etc.
victorywp
post Jan 12 2015, 10:30 AM

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QUOTE(brotan @ Jan 12 2015, 10:17 AM)
not that lah. if your monthly cc expenses is 1k, then no point already right?
*
can ma, as i said, just overpay 5k to your 1k cc debt.
then cash out the 4k lor. drool.gif
victorywp
post Jan 12 2015, 11:07 AM

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QUOTE(brotan @ Jan 12 2015, 10:42 AM)
i got read your post on cash out but didn't go in depth

meaning you can take out the extra cash?

is it transfer to your mbb acc ? just call cs to do it?
*
yes, so far no problem for mbb and ocbc.
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