Hi all, i have a little confusion here, and did not manage to look for the answer in previous thread.

I just recently applied for HSBC Platinum, and it comes with a 0% 6 months balance transfer offer, so I BT my Aeon 10k outstanding to HSBC, and i just got my first statement from HSBC, it shows the full 10k amount in the statement, current finance charges stated 0%, minimum payment is RM 500.

My question is, do I pay only the minimum amount stated in the statement, then make sure I clear all balance before the 6th month? So that no interest will incurred? Or, I need to pay 10k divide by 6 by myself?

Previously during Maybank 0% BT time, the amount to pay will be charged to CC every month, first time saw full amount straight charge to CC, can anyone experience this before explain to me? Thanks so much.

This post has been edited by only_lonely1220: May 23 2016, 10:58 AM

you can just pay the min amount, the rest of the balance (RM9.5k) will be interest free until the end of the 0% BT tenure.
but remember not to use this card, those retail transactions will kena interest.

This post has been edited by lamode: May 23 2016, 11:31 AM

I see, thanks for the clarification and information.

How easy to transfer out the excess amount if i BT more than what i owed?

rhb bank used to have good BT plan, but now no more.
citibank and cimb bank's BT are expensive.

Don't understand your question.

Can a balance transfer to Debit Card (Visa or Master) account?

Any bank can have balance transfer (one lump sum) without any instalment plan?

currently have maybank 2 card and cimb cash rebate

which is the best bank to do BT?

What is the point? Sorry what is your objective

The objective is to transfer from credit card A to B, then to C, then back to A again for the purpose of cash management

For AEON balance transfer, we can only send to them via fax? Can we email? I read post 1 stated the cs email, but I check the form instruction only fax

This post has been edited by mamamia: May 30 2016, 05:33 PM

can email even not stated in form.

Depending which bank and how frequently u do it

Mbb I have done a few times without issue

Balance transfer only for credit card

That makes 0 sense

Check post no 1 pls

either my logic fail or your's doesnt make sense.

assuming you owe 60k to bank A

balance transfer to bank B, 10k for 6 months.

doesn't that help your cash flow already?

It does help but let me give you another scenario.

I owe 60K to bank A. I don't have 10K for the first 6 months. I will have 60K after 6 months.

So by balance transfer from A, to B, to C, then back to A, to B and to C, I will have enough to settle full payment without having interest for the first 6 months. Don't know if it's possible or not.

not easy, you need to find 4 / 5 bank that offer no penalty on early settlement.