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

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wan7075
post Dec 21 2015, 09:29 AM

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QUOTE(rapple @ Dec 2 2015, 09:33 AM)
Yes.
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now no more point for BT amount right?
my latest statement doesn't show the point even my BT is last payment 6/6..
wan7075
post Jan 14 2016, 01:53 PM

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QUOTE(anwa @ Jan 14 2016, 11:30 AM)
Would like to ask about Aeon BT. I recently got it and soon the first month statement is due.
Do I just pay the minimum payment or do I have to pay the full monthly installment in order to avoid any interest charges?

Previously when I took a BT from a bank overseas, I just need to pay minimum payment, no interest on the remaining sum until the 0% period is over.

For Aeon BT T&C:
5.For each balance transfer under the Programme, the monthly installment is calculated as the total sum of the amount
transferred plus interest on the amount so transferred divided by the number of months in the installment period. Interest rate
is fixed at 0% p.a. for 6 months installment periods. The monthly installment shall form part of the Cardmember’s specified
minimum payment as defined in the AEON Credit Card Agreement.
6.    Cardmember has to make a minimum payment of 5% of the monthly installment due to the balance transfer account(s). In
the event the Cardmember pays an amount less than the monthly installment amount due or fails to pay the minimum
monthly installment amount of 5% of the monthly installment due on the payment due date as specified in the statement for
payment or if the payment is not received by the AEON Credit in full or before payment due date as specified in the aforesaid
statement, then the prevailing finance charge (Tiered Interest Rate Structure) shall be levied on the outstanding balance of
the monthly installment amount from the due date until the date of full settlement.

A bit confusing. It first says that the BT amount will be divided into equal 6 months installments. And this monthly installment shall form part of the minimum payment. The it goes on to say the minimum payment is 5%. So which is it? A. Monthly installment plus 5% or B. just the 5%.
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may I know which oversea bank offer pay minimum with 0% interest?
and when is the 0% period will end?

thanks thumbup.gif
wan7075
post Jan 14 2016, 08:39 PM

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last month I have done the 5K BT to public bank.

and if my credit limit is 18k, and the currently my BT still have 5000.00, so my available limit is 13,000.00.
so if the BT max is 80% of my credit limit, is it mean I only can do max BT up to 14.4k only?

if now I would like to do BT 12k in this month again, so I need to deposit at least rm2.6k into my credit card correct? hmm.gif

thanks!!! notworthy.gif

This post has been edited by wan7075: Jan 14 2016, 08:55 PM
wan7075
post Jan 15 2016, 09:46 PM

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QUOTE(victorywp @ Jan 15 2016, 07:20 PM)
yup, your max is rm14.4k combining all your bt together. but i don't think bank-in rm2.6k to your cc would help. it will just enlarge your 20% (total available amount to swipe) but not the 80% (total available amount for bt) supposed.

» Click to show Spoiler - click again to hide... «

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oh thanks... salary low so credit limit also low cry.gif

2.6b rupiah i also don't have rclxub.gif

wan7075
post Mar 3 2016, 08:25 PM

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QUOTE(bearbear @ Mar 1 2016, 02:46 PM)
yes, my total BT running was once 5x k. Scary to look at laugh.gif

But still small kacang here la. tongue.gif
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please teach me how to go for so big amount.

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