Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards Balance Transfer (BT) Plans V3 - Banks Offer List
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 Mar 24 2016, 05:44 PM
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#1
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Junior Member
42 posts Joined: May 2008 
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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. QUOTE(sj0217 @ Mar 24 2016, 05:36 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 ??  |
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Mar 24 2016, 05:49 PM
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#2
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Junior Member
42 posts Joined: May 2008
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maybe statement will show .sorry that cant confirm
QUOTE(trojant @ Mar 24 2016, 05:47 PM) I wonder how HSBC know if the money I bank-in is BT from another bank  |
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Mar 24 2016, 06:04 PM
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#3
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Junior Member
42 posts Joined: May 2008
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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). QUOTE(ytan053 @ Mar 24 2016, 05:55 PM) 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 This post has been edited by l.jason57: Mar 24 2016, 06:10 PM |
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