Wow ur credit limit is so high?

MayBank 0% balance transfer is still the best. Dun know when the same promo will be back again. Really helpful in reducing interest thus eventually helping to clear off the balance faster.

uob balance transfer will create a new account or it uses the existing uob account e.g. credit card for the balance transfer?

if use existing one, meaning that one should not use the credit card anymore rite? else it will incur additional extra interest?

for UOB BT14 promo, cannot transfer balance from maybank amex card? becos the form only accepts 16 digit credit card no, but the amex card is having lesser no than it.

that's why i am asking. different banks may do this differently. some put the balance transfer amount inside the credit card account directly without creating extra account. so any existing outstanding balance (transactions under the card that is not under 0% interest but under usual credit card transaction interest rate). so any of such amount that is not paid in full will incur the retail interest. as any amount paid will be paid to the amount with higher interest first.

if it is separately account as u mention then it is not a concern.

besides, notice that with the form of the BT14, there is no option to choose the payment mode be it reducing balance or instalment amount rite? before clicking the submit button. if that's the case, how would this be decided?

thanks for the info. so amex one must call them do so.

my maybank credit card statement will be out on 2nd or 3rd of the month usually and payment due date is 23rd of every month. to maximise the promo, i think i should apply for BT14 few working days before 23rd so that not only it cleared my upcoming month credit card bill before 23rd and again the repayment for the BT14 will be later too rite?

thanks for sharing.

I won't wait until the last moment to apply... will be applying at least 1 to 2 weeks before the current payment due date for the card that i want to transfer the balance to uob. should be ok..

23 jan is the due date, still long time to go... my uob statement date is every 5th of the month and payment due date is 25th...

while maybank is 2nd or 3rd and due date is 23th... so i just need to apply after 5th jan 2025 then i will only need to pay for the instalment from 25 feb 2025 for my uob bill with the balance transfered from maybank.

ok thanks. will try it...

if credit balance transfer from card bank A to card bank B to enjoy 0% interest

after the end of 0% interest, can transfer card bank B to A again?

Then transfer to bank C with 0%? 🤪

Yes, it is a trick but one must really know how to manage the finance properly. 🤪

yes, i super long time never do balance transfer. but recent months bought more items and the credit card bill is higher which tot that it will be more comfortable to pay it in installments for 6 months without interest.

If UOB just use BT14 promo code.

I tried this last week, until now still no news on the outcome.

The previous one I applied less than 2 days done already.

no interest for 6 months... and just pay instalment amount for 6 months as repayment...

i haven't seen the first payment, just apply for less than 1 month...

not 100% confirm if it is installment or what...

the code can be used more than 1 time... i used 2 times...

No. one account only. But two transfers appear under the same account.

i got maybank, uob and ocbc credit cards, so far i only receive uob balance transfer offer...

Offer is ending soon. Whoever wants to take advantage of this offer, should act fast.



This post has been edited by westlife: Jan 28 2025, 10:28 AM

i took the uob14 offer, but from the bill, it seems like it is not instalment is it?

Thanks a lot bro for the explanation. I also initially wanted to ask UOB CS. But like u said, I think they also likely dun know how to explain to me. Ur explanation is helpful.

Besides, in the app transaction, I saw this line called defer payment which I dun know what is this and why there is this new figure.

And I count the total balance it is still the same as the total of the two BT I did.

Besides, just to check, while I am taking these two 0% BT, if I want to settle all outstanding before 6 months, can I do so? Any penalty for early settlement?