Alliance New-to-Bank customer gets 0% BT for 6 months (min RM8k, up to 80% of Credit Limit)

Anyone knows whether BT will appear in our CCRIS? If yes is the full repayment being considered as our monthly commitment thus contribute bad credit score?

My new credit card application was rejected recently which i suspect due to this BT. Something i unexpected.

Any bank provide BT without needed to submit the credit card statement?

Yes, it will appear in CCRIS.

If you pay every month, then it will be zero, so your record will be nice. However, the outstanding amount of your BT will be captured there.

Wow you really maxed out to 30k, salute! Btw, is there any restrictions on the BT amount, I.e like 80% of credit limit or can go beyond 80% as long as it does not exceed 30k

I am planning to pre-pay utilities for a year to reach the 1.3k threshold

Seems like more banks are offering 0% BT for new to bank customers not to name Pbb n ambank. Good deal for new customers?

Just called for another overpayment transfer. This time they told me that i have done it 2 times, the coming will subject to approval and might need to send explanation letter if the back office request for it.

Ambank and PBB

I see. Just outstanding balance like if I have spent that amount for that particular month? Or some unsettle outstanding? The latter surely has bad score

The whole amount will appear as outstanding.

Didnt know the BT to HSBC works differently. I BT (let say RM3000) from Bank A and B to HSBC for 3months 0% BT, when I received the HSBC statement, the whole RM3000 appears as the statement balance instead of RM1000 for 3 months. Called CS and the girl said you need to only pay the minimum amount (5%), which is RM150, that is the way they do BT

This post has been edited by ytan053: Mar 24 2016, 04:23 PM

Then how about the balance ?? So mean in order to avoid of charge, you need to pay one lum sum for RM3k instead of RM150??

What is the point of their BT ??

hsbc BT is using reducing balance

you can pay min for 1st to 5th month then pay all at 6month.
If i remember correctly , hsbc got rules mention that you cannot BT to another bank if u cant finish current payment.

I wonder how HSBC know if the money I bank-in is BT from another bank

maybe statement will show .sorry that cant confirm

In that case, better dont do BT to HSBC because the interest is high (maybe 18%?). I remember when I was doing the BT, she mentioned some sort of no penalty for early settlement but I didnt hear anything about cannot BT to other banks. Sigh... So not gonna touch HSBC card for BT anymore

as i heard is last time new card applicants, then 0% for 6months promotion.

this info from hsbc website

url : http://www.hsbc.com.my/1/PA_ES_Content_Mgm...generic_tnc.pdf

11. The Eligible Cardholder shall make the minimum payment of 5% on his/her HSBC Credit Card
Outstanding Balance**. The Eligible Cardholder is not allowed to transfer the Balance Transfer
Amount to any other bank or financial institution during the tenure of the Balance Transfer Plan.
**HSBC Credit Card Outstanding Balance is the HSBC Credit Card’s outstanding balance which
consists of the principal amount (inclusive of the Balance Transfer Amount), accrued interest,
finance and other charges as shown in the latest corresponding HSBC Credit Card account
statement(s).




This post has been edited by l.jason57: Mar 24 2016, 06:10 PM

I was in the HSBC bank to collect my card just now and I have asked about BT from Bank A to HSBC

Get to know that statement from Bank A is not necessary need to be provide when applying HSBC's BT, but only fill up the BT form with outstanding amount, credit card number, that's all

Because they are able to check the outstanding amount based on Bank A credit card number.

Which bank?

rhb used to have very good BT scheme. But now no more.

Maybank bro.