Hi,

I think I read somewhere that we can make use of balance transfer to get some cash, but how?

Says balance transfer from card A to card B, so card B will have some extra cash then call bank B request to refund, bank B will issue us a cheque?

This sound like too good to be true especially for those 0% balance transfer promo that mean can use this way to get extra cash and dump into loan account?

Sifu can advise how to get free money if I don't have outstanding balance in my credit card account?

My balance transfer was approved and the fund sitting at my Maybank credit card account now. Called MBB the officer said max 10k can be done via the phone, asked me to email for amount more than 10k and ask me state the reason for the surplus and subject to approval.

Is there any reason they can reject my application?

Can sifus share your experience about which bank provide better service in term of below:
1. Can transfer to other bank (Maybank said only can transfer to Maybank Saving)
2. Processing time (Maybank said takes 8 working days)
3. Limit to be done via phone? (Maybank 10k)
4. Must provide reason? (Maybank asked for it)

Is this only Maybank? Look like I am choosing the wrong card to transfer to

You walk in or email? What reason u gave? Can we just say balance transfer? Does it matter actually?
3 working days is fair for me, not mbb 8 working days

Let see how soon MBB does it. Hopefully much faster than what they said.
I don't have RHB card, wanted to know more about others experience and decide best card to receive next balance transfer.

I made the request on 2/2/2016 and only saw the excess fund in my saving account this morning (I did check last Friday/Saturday online but didn't see it though) but the transaction date shown 12/2/2016. So it's within the 8 working days timeframe that MBB mentioned.

I think better try other banks for any new BT-er, and for those BT-sifu would be grateful if you could share your experiences on the efficiency of excess fund transfer for other banks

Wow that's long really
I will try other bank for the next BT opportunity.

Thanks for sharing. This is quite long but maybe due to festival season. So far my records for both BT for receiving banks Aeon and PBB only took 5 working days. Only the excess fund transfer from credit card to saving account seems slow.

Just phone call without filling up any form?
And do you need to send them credit card statement?

Good. I like it being so convenient.

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.

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