just wondering, anyone BT from HLB Wise -> MBB?

do you use softcopy statement downloaded from HLB Connect (CSV format, without header) or scan hardcopy statement (received 1 week later)?

so, you're viewing the "My Statement" and print it as PDF using browser (e.g. Google Chrome)?

thanks ronnie, got that

why would you want to "donate" more to bank wherease selected banks/cards are offering 0% BT?

agree on the cards as not everyone have 'em. heck, i cant even qualify for maybank's BT cuz my HLB cc statement ~RM400 nia

a bit problematic for me i only carry Maybank2Cards and HLB Wise.

now preplanning my Wise spending on next month's statement to hit 1k, then BT to MBB.

Those who BT to MBB, is the 3% upfront fee = 3% waived amount?

Remember saw few gotten waiver not equal amount than charged.

thanks for the clarifications, guys

BT from HLB to MBB, super awesome

08-Oct - Submitted application form (via email) + statement from HLB Connect (screenshot in PDF, thanks to ronnie for this tips! )
09-Oct - ONE TIME CHARGE
10-Oct - WAIVER OF 3% UP FRONT FEE-1010
10-Oct - Fund received at HLB. Description: {MBB card number} MAYBANK AFC COLLECTION PAYMENT.

No instalment posted at M2U, yet. I guess it'll be posted next month cuz my MBB2Cards bill cycle just passed.

This post has been edited by cybpsych: Oct 14 2014, 08:39 AM

received physical mail few days after successful BT. 1st timer here.

kinda good experience since it took few days from submit until fund received.

that's what i did. screenshot the online statement view and submit BT application to MBB.

if you mean u want to submit BT without any kind of statement (e.g. open-amount), few forumers reported success without using statements.

cc payment due is independent to BT application.

in case BT failed or took longer than 20/21 days, you still need to settle any outstanding with your current cc.

if BT fund transferred after your cc payment, then you have excess fund in cc account. you can try to request to transfer the money to CASA.

1) post #1 has the details
2) search this topic

U won't see it until upcoming bill date/statement.

no and no

lol not the same. since mbb customer base is huge, spreading it across multiple dates are logical and less load when generating bills/statements.

take a pick here to suit your need: 3 6 8 12 14 18 21 24 26 28 EOM (end-of-month)

0% = no interest imposed by Bank B. Basically, Bank B pays on your behalf (clear your debt) to Bank A.
6 months BT = now, you owe Bank B RM3k, and this 3k is spread across 6 months of instalments (RM500 per month).

That means you need to pay RM500 on top of existing cc expenditure. By the time the cc statement generated, standard cc payment T&Cs applies.

If you intend to pay min amount, that means Bank B "own" you for taking up BT. reason is that banks are making money from financial charges charged to your cc because you pay min amount. be very discipline when doing BT.

you can pay all outstanding BT amount, but be careful that some banks impose penalty for early settlement. Call Bank B on how to clear the outstanding BT and other charges/penalty for doing so.

This post has been edited by cybpsych: Dec 15 2014, 08:40 PM

once BT amount converted to cc amount, it's just normal outstanding. keep paying min amount, you keep paying the finance charges to the outstanding still. keep rolling to next months, the finance charges will get more significant because it's based on your overall oustandings that you've been rolling over every month; and calculated from the posting date on daily basis.

i hope i get this right sometimes it's confusing to understand

that 0% is calculated upfront when you perform BT. think of it as processing fee or "transfer" cost.

to lure new victim customer, they willing to reduce the interest rate to 0%. banks make money from other charges if you lapse your payment or sustaining min payment. the more you get sloppy in repayment, the bank will gain.

promo till 8 March 2015

good to take this advantage considering mbb seldom do 0% BT

more info http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

only this:

Balance Transfer: 12 months @ 2.8% and 6 months @ 1.2%
Promotion valid till 31 January 2015

http://www.rhb.com.my/cards/benefits/smart_move/main.html