i guess he already realize the trouble he is getting himself into because he can't pay his cc on time

that's why looking at BT option

Subjective to approval rite? What exactly documents are required to apply?

I needed some furniture for my new house, what to do right with this current economy situation? , in normal days I don't really use credit card that much. In fact I'm still kinda new to debts.

I'm wondering if I can just request to turn these credit card loans into term loans for lower interest rates or consider getting a BT

new credit card application of course subject for approval

for balance transfer officially need approval but normally very simple. mainly need the cc statement you want to transfer from + the bt application form. some banks is ok without the cc statement or bt form or both

Hi guys,

Just wondering whether it is ok to send the Aeon balance transfer form to their email instead of faxing it. Thanks.

I'm just completed BT from CIMB to MBB... 12 months 0%

RM2700 (BT amount) + up front 3% (RM81) + GST (RM4.86)

Can. I've done that before.

That's great. So I can send to their customer service email right?

Do Aeon BT need to submit other credit cards statement together?

Yes, need to submit other statement and Aeon BT form together

Sorry just saw this - was away for the long weekend. The answer is yes.

Hi Sifus,

Let's say BT for 6 months
1.88%
I BT RM2400
Interest RM45.12
The bank disclosure sheet shows: http://www.ocbc.com.my/assets/pdf/cardspro.../BT_TnC_Eng.pdf
3.42% ANNUALISED EFFECTIVE RATE, but my own calculation shows that it's not so.

RM2400 BT amount
Month 1 pay RM445.12
Month 2 to 6 pay RM400
My calculation shows 6.5%

Can I sue the bank for misrepresentation???

For Aeon BT 6 months 0%, let's say we BT total of 10k, so the first 5 months we can pay only 5% of 10k each month and the 6th month statement before payment due date we settle full amount. In this way, we won't charge interest? Or we need to actually 10k divided into 6 installment?

Another question, for Aeon can we BT more than statement amount? example 8k outstanding and we transfer 10k

10k into 6 installments, each installment will be billed into your monthly statement.

For AEON, only the statement amount, round up to the nearest ringgit.

Thanks, it will be nice if statement is not needed. If transferring big sum of amount, it's quite hard to settle in 6 months only.

If settle in 6 months is quite hard for you, then maybe you should consider before spending that big sum.

Finding alternative income instead from Bursa?

hi sifu

i able to save around 3000/month
but if i just put it straight into bank , i only manage to get min dividend from it

so , i plan to use cashlite service from cimb to borrow rm18000 with 5.99 interest p.a for 12 month and no advance fee
then i BT STRAIGHT AWAY to Aeon card for 6 month to avoid interest from cimb
The money ( 18000) i will put into f.d which give me dividend

IT is possible and good idea?
Can i BT straight away from CIMb to Aeon ? or i still need to pa the interest

What u talking about? U already unfront pay 5.99% interest to CIMB..it is much more than the FD interest. No point to do balance transfer to AEON credit card.

Unless you telling me that 5.99% no need to pay to CIMB when u do a full amount of balance transfer immediate you apply the cimb lite. U need to check any penanlthy on earlier settlement on CIMB.

i thought the interest will be charge once we pay the installment for the cimb cashlite

i plan to BT even before first installment

yea it true .... it not worth if the bank straight away charge you rm 1062 for rm18000 loan even before 1st installment

one more thing... i think there is no early settlement charge last time i check in th internet

U can refer to section below in the url below

Section
What if I fully settle the CashLite facility before its maturity?

URL
http://www.cimbbank.com.my/content/dam/cim...ant-mar2016.pdf

Also T&C
http://www.cimbbank.com.my/content/dam/cim...ant-mar2016.pdf

U need at least to inform CIMB prior to terminate the cash lite in 30 days.
In that case, u already need to pay for the interest for first 30 days.

May be u can still earn a bit from FD interest rate if you immediate choose to terminate the Cash List onc eCIMB approved it and release to you.

But, too many work to do and also depend the amount applied and aprroved. Not worth to do that.
U need to consider also whether it will give any impact to your record in CIMB or crisss.