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Credit Cards Balance Transfer (BT) Plans V4 - Banks Offer List, Credit card debt consolidation

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cybpsych
post Sep 26 2016, 02:27 PM

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QUOTE(lilsunflower @ Sep 26 2016, 02:15 PM)
Has anyone tried applying for 2 rounds of BT with MBB under the same promotion?

I successfully applied for 1 round of MBB BT last week, but still have RM40k+ of available credit limit, and my statements from other banks will be issued in first week of October. Thinking of applying for another round of BT, but not sure if its possible. Has anyone tried under previous campaigns? T&C doesn't seem to have a restriction on number of applications per campaign period.

12 months 0% is very attractive smile.gif.
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faq http://www.maybank2u.com.my/WebBank/bt140916_faq.pdf
cybpsych
post Sep 26 2016, 02:40 PM

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QUOTE(lilsunflower @ Sep 26 2016, 02:35 PM)
Thanks - Q12. Got it! smile.gif.

Lucky you pointed out the FAQ, as I forgot about the RM50k cap. That means I only have RM17k to play with as I've exhausted RM33k already. Will try Round 2 when my statements come out early next month, and will update on my progress.

I think I will apply using e-mail instead of Maybank2u, as it seems that risk of auto reject is lower via e-mail.
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max rm50k per BT application wor
cybpsych
post Sep 27 2016, 10:29 AM

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QUOTE(sendohz @ Sep 27 2016, 09:44 AM)
Mine got rejected with unbilled statment.
However i just sent another application with full statements, let's see how long it will take.
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via email or m2u?

if email, i got mine approved with billed+unbilled+authorised (not posted) amount.

if m2u, some reported it doesnt need statement at all? i havent tried yet, most likely next week to go for 2nd BT application.
cybpsych
post Sep 27 2016, 11:08 AM

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QUOTE(MGM @ Sep 27 2016, 10:39 AM)
Should be email right, cos M2U can't send statement or screenshot-of-outstanding-balance.

Were u using screenshot of Outstanding-Balance for your last successful BT-thru-email?

Was going to do BT thru M2U with Outstanding Balance.
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that's why i asked sendohz if his bt rejection was from m2u or email application. he said he'll send with full statement, previous was using unbilled statement (presumably screenshot).

i also know m2u doesnt need any statement to upload supporting documents.


yes, i got mine approved with billed+unbilled+authorised (not posted) amount from 1 screenshot.

i screenshot from uob internet banking cuz it showed Current Balance (billed+unbilled) and Authorised Balance (unposted) in one screen. no detailed breakdown of transactions.

QUOTE(paqralos @ Sep 27 2016, 10:41 AM)
MBB BT can accept early settlement without extra charges?
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read faq http://www.maybank2u.com.my/WebBank/bt140916_faq.pdf

This post has been edited by cybpsych: Sep 27 2016, 11:09 AM
cybpsych
post Sep 29 2016, 07:36 PM

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QUOTE(cybpsych @ Sep 15 2016, 07:19 AM)
user posted image

Maybank Balance Transfer 0% p.a 12 months
Maybank | Terms and Conditions | FAQs | Campaign Promo | Application Form
Campaign Period: 15 September 2016 - 15 March 2017

Enjoy 0% interest for 12 months and 3% upfront fee waived when you transfer your balances from other credit cards to Maybank Credit Card today.

Terms and Conditions:
Applicable to Maybank MasterCard, Visa or American Express Credit Cards Cardmembers.
Applicable to approved Balance Transfer during the campaign period.
Minimum transfer amount RM1,000 and maximum transfer amount RM50,000
Upfront fee of 3% for Balance Transfer 0% 12 months is WAIVED during the Campaign period

Campaign Mechanics:-
i. 12 months Instalment Plan - Interest Rate at 0% per month.
ii. The minimum transfer amount is RM1,000 and the maximum amount is capped at RM50,000 per transaction.
iii. One time up-front fee at 3% which will be charge from the approved amount for each approved application will be WAIVED during the campaign period
iv. The 3% waiver of upfront fee will be credited to credit card account within 30 working days from the approval date.
v. Any Balance Transfer plan approved prior to this campaign period is not allowed to be change to this Balance Transfer Plan
vi. The fee allocated for the waiver is only up to RM3.6M for 6 months campaign duration. The campaign will be automatically stop upon fund has fully depleted.

user posted image
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QUOTE(Human Nature @ Sep 29 2016, 07:19 PM)
Apart from PBB and Aeon, any other banks giving 0% BT? RHB, Ambank, MBB?
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this? --^
cybpsych
post Sep 29 2016, 07:54 PM

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QUOTE(Human Nature @ Sep 29 2016, 07:49 PM)
Oh okay thanks. 0%, no upfront fee, min RM1000. Even better than PBB or is there any catch?
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T&Cs?

The fee allocated for the waiver is only up to RM3.6M for 6 months campaign duration. The campaign will be automatically stop upon fund has fully depleted.
cybpsych
post Sep 29 2016, 07:57 PM

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QUOTE(Human Nature @ Sep 29 2016, 07:55 PM)
Yup, read that but not really a catch  biggrin.gif really no hidden fee...esp coming from maybank
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little uncertainty is the waiver fee pool, based on fcfs.
cybpsych
post Sep 29 2016, 08:42 PM

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QUOTE(gastacopz @ Sep 29 2016, 08:34 PM)
anyone tried to bt below 1k each card, but combined 1k++

as im still curious min 1k per card or per bt
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faq/t&c stated min rm1k and max rm50k per transaction/bt application mah.
cybpsych
post Oct 1 2016, 12:22 PM

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QUOTE(MGM @ Oct 1 2016, 12:27 AM)
On 22-9 I applied MBB BT thru email, money credited into my other CCs after 4 days, no fees was charged.
On 27-9 I applied MBB BT thru  M2U, money credited into my other CC on 28-9, & the 3% fees+gst for this BT appeared in my CC account on 28-9.
Looks like I need to call the CS on this. vmad.gif  ranting.gif  mad.gif
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QUOTE(MGM @ Oct 1 2016, 12:20 PM)
But the earlier BT(by email) wasn't charged any fees, or later?
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ok, let's clear this biggrin.gif


your statement: 28 Sep
1st BT via email: 22 Sep, no fees charged in 28 Sep's statement. BT installment amount is in there.
2nd BT via M2U: 27 Sep, fees charged in 28 Sep's statement. BT installment amount is in there.

so the question was why one BT charged fees and another not charged, in the same statement?

This post has been edited by cybpsych: Oct 1 2016, 12:24 PM
cybpsych
post Oct 1 2016, 12:30 PM

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QUOTE(MGM @ Oct 1 2016, 12:26 PM)
My next statement date is 3rd Oct. The fee+gst appear as unbilled tranx.
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ahh i see. better get mbb to check.

i wonder if m2u's bt 12-month is part of the 0% promo. inside, it doesnt state anything about waiver. it seems to be the standard 12-month bt with 3% fee.
cybpsych
post Oct 5 2016, 12:26 PM

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QUOTE(MGM @ Oct 5 2016, 12:17 PM)
Got my statement dated 3-oct, diff treatment for 2 BTs.
The one applied thru form+email did not incurred fees+gst n
the one thru M2U was charged fees+gst.
CS doesn't know why diff treatment, but the fees+gst will be reversed out.
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if it's waivable manually by CS, then ok lo.

just need to be mindful on the statement.
cybpsych
post Oct 8 2016, 06:31 AM

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QUOTE(cybpsych @ Sep 21 2016, 10:34 AM)
yes the fee will be charged and waived later.

but the fee and BT amount only appear/posted in the statement on bill date, you cant actually view them *now* in M2U history.

it seems this is how mbb's bt works (posted on bill date as billed amount), rather than as unbilled amount.
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QUOTE(mamamia @ Sep 27 2016, 11:02 PM)
ooo... i keep thinking we just need to call to request, didn't know that we need to email.. at least i know it is normal process...
on the other hand my MBB card statement is out, the first month instalment amount is posted on statement date, no 3% fee posted...  rclxms.gif
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QUOTE(lilsunflower @ Sep 28 2016, 09:02 PM)
What I did last week was attach my BT application form plus the screen shot of the SMS I received from MBB saying that funds transferred. They did not ask for BT receipt.

Similarly, for AEON BT, PBB accepted my unbilled transaction screenshot (because AEON charges the first instalmwnt immediately, not like MBB which is on statement date).

Try again and good luck.
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QUOTE(AIYH @ Oct 7 2016, 11:51 PM)
Not sure had this been asked before as I not sure what keyword is needed to find from past post.

After the maybank BT approved and pay towards to my card, when will the BT amount post in my Maybank card outstanding balance?
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use keyword "statement", and you can find the answers.
cybpsych
post Oct 9 2016, 05:01 PM

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application via email for mbb 0% bt, no fee charged in statement.

not sure to continue 2nd application via email or m2u....
cybpsych
post Oct 9 2016, 07:33 PM

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QUOTE(MGM @ Oct 9 2016, 07:26 PM)
Looks like if applied thru email no fee+gst is charged upfront but not M2U. But according CS both no fee+gst, if however it appears in d account it will be reversed out later.
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yalor, don't want the mahfan waiting for waiver.

furthermore, I'll be bt-ing statement amount anyway. no plan to over-bt without statements via m2u. smile.gif


cybpsych
post Oct 11 2016, 06:31 PM

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2nd bt application via email for mbb 0% (HLB Wise+Mach to MBB]

10 Oct 2016: Apply via email.
11 Oct 2016: SMS approval + a separate email (nicely formatted).
12 Oct 2016: SMS for fund transfer.
13 Oct 2016: Fund reflected in recipient accounts via online banking. Technically, fund received on 12 Oct.

This post has been edited by cybpsych: Oct 13 2016, 09:36 AM
cybpsych
post Oct 12 2016, 09:12 PM

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QUOTE(cybpsych @ Oct 11 2016, 06:31 PM)
2nd bt application via email for mbb 0%.

applied Monday 10th. sms approval on Tuesday 11th. received a separate email (nicely formatted) since i'm transferring to mbb Ikhwan mastercard from HLB (Wise+Mach)

update: SMS for fund transfer received on Wednesday 12th.
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QUOTE(fruitie @ Oct 12 2016, 08:45 PM)
Cool. Thanks guys! notworthy.gif
Is the process fast? laugh.gif

Any suggested card to use to swipe first then only I BT to Maybank? tongue.gif
Also how many times I can BT to Maybank? Only once until I clear?
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seems fast. above is my 2nd application under the promo. still waiting for the fund to appear in hlb mach+wise. probably tomorrow would see.

for your outstanding ptptn, good that you pay it off and take advantage of 12mth bt promo. spare your life from ptptn/ccris nightmare laugh.gif

This post has been edited by cybpsych: Oct 12 2016, 09:12 PM
cybpsych
post Oct 14 2016, 09:17 AM

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QUOTE(guy3288 @ Oct 14 2016, 08:38 AM)
surprised, MBB waived my  M2U BT 3% fee and 6% GST in just 14 days.
so no need to use fax or email for  BT, save time. and no fear have to pay fees first  get waiver later on.

I just did another M2U BT 2 days ago. and just now i saw that was the only 3% fee there, the ealier  M2u BT fees dated on 29.9.16 has disappeared!.
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thanks for sharing! that clarifies waiver will eventually happen biggrin.gif

if via email, 3% fee not charged. if via m2u, 3% charged first then waived later.
cybpsych
post Oct 14 2016, 09:32 AM

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QUOTE(nasiayam @ Oct 14 2016, 09:27 AM)
will maybank check ccris for BT application? my pbb BT application was approved, but maybank one is rejected...
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no idea about ccris, but min check is your available credit limit for the card.

u can try asking for reject reasons.
cybpsych
post Oct 19 2016, 10:49 AM

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QUOTE(triple c @ Oct 19 2016, 10:46 AM)
Public Bank BT only can do one time?
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read T&C #5
cybpsych
post Oct 19 2016, 01:21 PM

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QUOTE(triple c @ Oct 19 2016, 01:14 PM)
My understanding on T&C #5 is we can do multiple transfer in same form. But cannot do addition BT in next form/submission. Please correct me if I'm wrong.
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// 5. Card Account status must be current and available credit must be sufficient to enable execution of transfer. More than one transfer may be requested at any one time within the promotion period. Each request may consist of more than one transfer from other financial institutions and the total transfer amount for each request must omply with Clause 8. //

there are differences between both highlighted sentence in T&C 5.

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