Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards HSBC Credit Cards V.2, Read the T&C before applying!
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 Jul 15 2018, 08:45 PM
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#1
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Junior Member
295 posts Joined: Dec 2009 
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If I apply HSBC card to get the RM 500 Lazada voucher, can I do balance transfer to help reach the RM 2000 spending requirement? Because when I read the terms it got mention the following:
QUOTE a. includes: internet transactions, local and overseas retail transactions, standing instructions/auto-billing, Cash Advance, Balance Transfer and Cash Instalment Plan; b. excludes: finance charges/management fees and credit card annual fees for the Participating Credit Card/-i(s). |
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Jul 15 2018, 09:48 PM
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#2
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Junior Member
295 posts Joined: Dec 2009
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QUOTE(apamise @ Jul 15 2018, 08:45 PM) If I apply HSBC card to get the RM 500 Lazada voucher, can I do balance transfer to help reach the RM 2000 spending requirement? Because when I read the terms it got mention the following: Replying to myself because I've found it's not worth it to do RM 2000 balance transfer just to get the RM 500 Lazada voucher.QUOTE a. includes: internet transactions, local and overseas retail transactions, standing instructions/auto-billing, Cash Advance, Balance Transfer and Cash Instalment Plan; b. excludes: finance charges/management fees and credit card annual fees for the Participating Credit Card/-i(s).  1. The balance transfer is not free. I have to pay 6.99% p.a. if I were to split it into 12 months. That's almost equivalent to RM 140 if I were to transfer RM 2000. 2. I lose the grace period once I do balance transfer. Means I shouldn't use the card for new purchases until I clear the balance transfer. Not using the card means I'll have to pay the RM 240 annual fee. That's 140 + 240 = RM 380 going out of my pocket, just to get the RM 500 Lazada voucher.  This post has been edited by apamise: Jul 15 2018, 09:50 PM |
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