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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 Dec 1 2014, 03:09 PM
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#1
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Junior Member
312 posts Joined: Jun 2006  
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I'm going to try out the Maybank balance transfer thingie, seems like a good deal.
Out of curiosity, how does Maybank make money from this? If Maybank were to absorbed my debts from another bank and let's say I pay up on time for the next 12 months, the bank does not make any money at all? Cheers guys and to you guys who are doing BT, hope we can clear off all of our crazy debts. |
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Dec 1 2014, 03:24 PM
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#2
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Junior Member
312 posts Joined: Jun 2006
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QUOTE(David83 @ Dec 1 2014, 04:11 PM) I have asked that question before. They're hoping that you default!   That's what I thought too, on top of that they gambling it with a year. Damn banks! Got to love them and hate them at the same time. |
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Dec 1 2014, 04:05 PM
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#3
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Junior Member
312 posts Joined: Jun 2006
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QUOTE(bearbear @ Dec 1 2014, 04:38 PM) i have 12k debt And plus they are doing this during the shopping/spending period. From September to March, from Christmas to CNY, before GST. Like previous posters mentioned, they are banking on us consumer to default.suddenly i can pay 1k a month only, spend more -> bigger hole for you to jump whoever that came up with this is a genius  |
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Dec 1 2014, 05:05 PM
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#4
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Junior Member
312 posts Joined: Jun 2006
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QUOTE(aeiou228 @ Dec 1 2014, 05:07 PM) |
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Dec 1 2014, 05:45 PM
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#5
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Junior Member
312 posts Joined: Jun 2006
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QUOTE(victorywp @ Dec 1 2014, 06:13 PM) 1) you owe bank A cc rm1k Hey...would this be equivalent of lying to the bank?2) you bt to bank B cc rm10k (overpayment) 3) call bank A to get the overpayment of rm9k to be transferred to your casa |
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