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

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mamamia
post Sep 15 2016, 08:17 AM

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QUOTE(cybpsych @ Sep 15 2016, 07:58 AM)
i also banging myself to the wall  bangwall.gif

i recently did PBB's 9-mth flexipay for 3 large transactions ... other way to look at it, once next pbb statement is out, amount already >RM1k (total flexipay installment amount), then apply Maybank BT instead.
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But the 3% upfront fee waiver is first come first served too
cybpsych
post Sep 15 2016, 08:21 AM

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QUOTE(mamamia @ Sep 15 2016, 08:17 AM)
But the 3% upfront fee waiver is first come first served too
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yup, got 3.6mil allocation for the 3% fee waiver. if used up fast, promo ending fast too.

problem is we dont know if we got waiver until after 30days.
lilsunflower
post Sep 15 2016, 08:35 AM

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QUOTE(mamamia @ Sep 15 2016, 07:33 AM)
Wow, finally got pure 0% BT from Maybank.. Somemore is 12 months, aiya, I shouldn't do BT to PBB ytd..
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Wow this is amazing!!! I'm going to do it ASAP smile.gif. I was actually waiting for the 20th to submit the BT app (which I already completed) for the MBB 1% promo, but now got this it's even better.

Thanks for sharing so quickly.
TSbrotan
post Sep 15 2016, 09:25 AM

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» Click to show Spoiler - click again to hide... «


lol. follow rebate format. limited by amount
cybpsych
post Sep 15 2016, 09:29 AM

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QUOTE(brotan @ Sep 15 2016, 09:25 AM)
» Click to show Spoiler - click again to hide... «


lol. follow rebate format. limited by amount
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seems to be annual campaign for Maybank biggrin.gif

previous campaign: 9 September 2014 to 8 March 2015


however, there was no capping T&Cs.
TSbrotan
post Sep 15 2016, 09:29 AM

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QUOTE(cybpsych @ Sep 15 2016, 09:29 AM)
seems to be annual campaign for Maybank biggrin.gif

previous campaign: 9 September 2014 to 8 March 2015
however, there was no capping T&Cs.
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i don't like this capping thing. will avoid
MGM
post Sep 15 2016, 09:36 AM

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Speechless TQ TQ thumbup.gif rclxms.gif notworthy.gif About to do PBB BT today, good timing.

BTW no mentioning of submission of other banks' statement, just like PBB?

This post has been edited by MGM: Sep 15 2016, 09:37 AM
cybpsych
post Sep 15 2016, 09:42 AM

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QUOTE(MGM @ Sep 15 2016, 09:36 AM)
Speechless TQ TQ thumbup.gif  rclxms.gif  notworthy.gif About to do PBB BT today, good timing.

BTW no mentioning of submission of other banks' statement, just like PBB?
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need. it's stated in the app form.
MGM
post Sep 15 2016, 09:51 AM

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QUOTE(cybpsych @ Sep 15 2016, 09:42 AM)
need. it's stated in the app form.
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TQ again, btw r u working for MBB, seems to have the latest MBB info. thumbsup.gif
cybpsych
post Sep 15 2016, 10:01 AM

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QUOTE(MGM @ Sep 15 2016, 09:51 AM)
TQ again, btw r u working for MBB, seems to have the latest MBB info. thumbsup.gif
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nope. mbb website lor.
lilsunflower
post Sep 15 2016, 10:23 AM

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QUOTE(cybpsych @ Sep 15 2016, 10:01 AM)
nope. mbb website lor.
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I'm so happy about this promo rclxm9.gif . I JUST submitted my application via e-mail for RM33k BT.

Was already prepared to pay the 1% (for the last round of the previous MBB campaign), so your early announcement managed to save me RM330 - thank you. Better still, I was waiting until 20 Sep, because that's the previous campaign's application period. Under this new campaign, I can submit today, and I'm hoping that the BT will be made before my due date of 22 Sep *fingers crossed*. I'll make the minimum payment today just in case.

Will update here on progress.
cybpsych
post Sep 15 2016, 10:31 AM

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QUOTE(lilsunflower @ Sep 15 2016, 10:23 AM)
I'm so happy about this promo rclxm9.gif . I JUST submitted my application via e-mail for RM33k BT.

Was already prepared to pay the 1% (for the last round of the previous MBB campaign), so your early announcement managed to save me RM330 - thank you. Better still, I was waiting until 20 Sep, because that's the previous campaign's application period. Under this new campaign, I can submit today, and I'm hoping that the BT will be made before my due date of 22 Sep *fingers crossed*. I'll make the minimum payment today just in case.

Will update here on progress.
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i'm having same dilemma now as yesterday i submitted 6-month 0% BT to PBB. now trying to cancel this, and apply MBB's 12-month 0% BT instead.

almost same as yours, my other card's due date falls on 23 Sep sweat.gif cutting close if MBB slow to revert BT approval.
lilsunflower
post Sep 15 2016, 10:39 AM

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QUOTE(cybpsych @ Sep 15 2016, 10:31 AM)
i'm having same dilemma now as yesterday i submitted 6-month 0% BT to PBB. now trying to cancel this, and apply MBB's 12-month 0% BT instead.

almost same as yours, my other card's due date falls on 23 Sep  sweat.gif  cutting close if MBB slow to revert BT approval.
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If can't cancel PBB, perhaps you can wait until PBB charges the first BT instalment to your card, and then apply for MBB BT? So you're effectively using MBB BT to pay (part of) PBB's BT.

OR

Proceed with BOTH the MBB and PBB BTs. This should result in excess credit in your other CCs. Then you can request for the excess credit to be transferred into your current / savings accounts. Which is essentially FREE CASH payable in instalments.

I personally like the second method and have done this before.
cybpsych
post Sep 15 2016, 10:41 AM

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QUOTE(lilsunflower @ Sep 15 2016, 10:39 AM)
If can't cancel PBB, perhaps you can wait until PBB charges the first BT instalment to your card, and then apply for MBB BT? So you're effectively using MBB BT to pay (part of) PBB's BT.

OR

Proceed with BOTH the MBB and PBB BTs. This should result in excess credit in your other CCs. Then you can request for the excess credit to be transferred into your current / savings accounts. Which is essentially FREE CASH payable in instalments.

I personally like the second method and have done this before.
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PBB BT application canceled. now proceed to apply MBB's BT biggrin.gif

i prefer 2nd method too, but i'm BT-ing from UOB VOX --> PBB MBB, so dont think i can transfer the excess cash out. i dont have UOB CASA either. sweat.gif
lilsunflower
post Sep 15 2016, 10:55 AM

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QUOTE(cybpsych @ Sep 15 2016, 10:41 AM)
PBB BT application canceled. now proceed to apply MBB's BT biggrin.gif

i prefer 2nd method too, but i'm BT-ing from UOB VOX --> PBB MBB, so dont think i can transfer the excess cash out. i dont have UOB CASA either. sweat.gif
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Ah OK - yes, true. I never transfer out from UOB, as my main cards are with PBB, HLB and MBB, and I have CASA for all 3.

Glad things went well for you, and all done before tomorrow's public holiday!
TSbrotan
post Sep 15 2016, 10:56 AM

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just a simple calculation for maybank promo so you are aware of the risk you are taking

promo limited to RM 3.6 mil
let's say on average, the balance transfer amount is 5k per application

that means only 1st 720 applicants will get it, which can be filled up pretty fast

if you are the 721th applicants and beyond, you are trapped because you paid the 3% upfront fee but no refund

beware

This post has been edited by brotan: Sep 15 2016, 10:58 AM
lilsunflower
post Sep 15 2016, 11:06 AM

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QUOTE(brotan @ Sep 15 2016, 10:56 AM)
just a simple calculation for maybank promo so you are aware of the risk you are taking

promo limited to RM 3.6 mil
let's say on average, the balance transfer amount is 5k per application

that means only 1st 720 applicants will get it, which can be filled up pretty fast

if you are the 721th applicants and beyond, you are trapped because you paid the 3% upfront fee but no refund

beware
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This is a very useful calculation and I'm glad you brought it up for the benefit of everyone.

Even 5k is a conservative assumption. If we assume 10k, the number of eligible applicants is half (only 300+) which can be filled up super quickly. For example, this morning 2 forummers have already submitted their applications. With the long weekend coming up, perhaps more applications will be flooding in.
MeToo
post Sep 15 2016, 11:17 AM

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QUOTE(cybpsych @ Sep 15 2016, 08:21 AM)
yup, got 3.6mil allocation for the 3% fee waiver. if used up fast, promo ending fast too.

problem is we dont know if we got waiver until after 30days.
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WHOA.

I have about 20k i swiped on a card which I was thinking of paying off immediately... if got 0% BT to MBB would be great...

but I'm abit worried about the 3% fee waiver not being known until after the transfer is confirmed
TSbrotan
post Sep 15 2016, 11:29 AM

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QUOTE(lilsunflower @ Sep 15 2016, 11:06 AM)
This is a very useful calculation and I'm glad you brought it up for the benefit of everyone.

Even 5k is a conservative assumption. If we assume 10k, the number of eligible applicants is half (only 300+) which can be filled up super quickly. For example, this morning 2 forummers have already submitted their applications. With the long weekend coming up, perhaps more applications will be flooding in.
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yup that's true

that's why i don't even bother to apply myself. haha

btw, you already filled up 33k quota. less for others now biggrin.gif

This post has been edited by brotan: Sep 15 2016, 11:35 AM
MeToo
post Sep 15 2016, 11:30 AM

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QUOTE(cybpsych @ Sep 15 2016, 10:31 AM)
i'm having same dilemma now as yesterday i submitted 6-month 0% BT to PBB. now trying to cancel this, and apply MBB's 12-month 0% BT instead.

almost same as yours, my other card's due date falls on 23 Sep  sweat.gif  cutting close if MBB slow to revert BT approval.
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6 month confirm 0% vs 12 month maybe kena 3%...

I'll keep the bird in hand instead

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