The profit sharing does it mean sharing the profit of 2.25% into 95% bank and 5% to depositor?

Let's say the interest from the 2.25% is Rm100, which mean Rm95 to the bank and Rm5 to the depositor?

If not then why they list out the profit sharing ratio???

that's not bad then. Transferring now.

One more very important things, once you done BT to HSBC. Your HSBC card no longer enjoy free of interest for 20 days for new swipe. Whatever new swipe you need to pay off the next day or standard interest rate will be charge.

They didn't charge interest on whole lump sum. Your statement will appear full amount as balance and it will reduce base on the amount you paid within the BT period but minimum payment will be subject to minimum 5% of the balance.

To make it simple, if you BT Rm10k 12month to HSBC, 1st month statement balance appear will be Rm10k. You may choose to pay minimum payment of 5% which is Rm500. So 2rd month statement balance will be Rm9500. All the balance of the Rm10k in this 12month BT period will be no interest charge. But you need to make sure all the balance must be cleared at the end of the BT period. If there is outstanding balance (Balance of your BT amount) after the 12month BT period, the balance will be subject to 18% standard interest rate charge.


But do take note that once you've BT to HSBC, any new swipe with your HSBC card will not entitle for 20days interest free anymore. Any new swipe to your card will be charge standard rate at the next day. So once you BT to HSBC, then remember to keep it in your drawer until you've settled the BT!

Hope it's clear.

Good luck

This post has been edited by onnying88: Apr 1 2016, 11:11 AM