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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 15 2016, 11:30 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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QUOTE(MeToo @ Sep 15 2016, 11:17 AM)
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
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that's why gotta submit asap lor.

MeToo, max transfer is RM50k, you can take advantage of it.
MeToo
post Sep 15 2016, 11:32 AM

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QUOTE(brotan @ Sep 15 2016, 11:29 AM)
yup that's true

that's why i don't even bother to apply myself. haha
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Same here... I dont need installment on my 20k outstanding, but if got 12 months free can save some interest is ofcourse even better... but the downside risk of 3% upfront is something i'm unwilling to take.

For those who really need installment then I suppose 3% is a "decent" risk...
MeToo
post Sep 15 2016, 11:33 AM

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QUOTE(cybpsych @ Sep 15 2016, 11:30 AM)
that's why gotta submit asap lor.

MeToo, max transfer is RM50k, you can take advantage of it.
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Too risky leh...

cause I swipe 35k on my HLB (but I have a 15k credit balance inside).... so the 20k.. er.. 3% would be 600 bucks.. sweat.gif
lamode
post Sep 15 2016, 11:35 AM

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no la...

3% of 120 mil is 3.6 mil.
so i think 120 mil is in the pool, and assume each apply 10k, they can accommodate 12,000 applications.

This post has been edited by lamode: Sep 15 2016, 03:23 PM
cybpsych
post Sep 15 2016, 11:38 AM

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QUOTE(lamode @ Sep 15 2016, 11:35 AM)
no la...

3% of 120 mil is 3.6 mil.
so i think 120 mil is in the pool, and assume each apply 10k, they can accommodate  12,000,000 applications.
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hmm.gif

QUOTE
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.


meaning mbb has allocated rm3.6mil of fees to be waived. since the 3% is based on BT amount, it varies.
TSbrotan
post Sep 15 2016, 11:44 AM

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QUOTE(lamode @ Sep 15 2016, 11:35 AM)
no la...

3% of 120 mil is 3.6 mil.
so i think 120 mil is in the pool, and assume each apply 10k, they can accommodate  12,000,000 applications.
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so 3% is the fee, not the BT amount?

if yes, then still ok

This post has been edited by brotan: Sep 15 2016, 11:45 AM
koinibler
post Sep 15 2016, 11:52 AM

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Thanks for the info here, I already send my application online just now.
I only used up small amount 5.4K only.
Should be get the 3% waiver, or else rugi lor
lilsunflower
post Sep 15 2016, 11:53 AM

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Just received the most annoying reply from MBB after I sent in my BT application this morning. Looks like they don't even know their own promotions and terms and conditions!!! Worst still is that my email subject says 0% by application and I used the 0% bt application form on the website which clearly shows the promo start date of 15 September. Am so ultra annoyed.

Thank you for your e-mail.

Kindly be informed that we are unable to process your balance transfer under the promotion of 1% one-time upfront fee as it has ended on 31/8/16. Hence appreciate your confirmation whether you wish to proceed with the application under the normal rate of 3%.


sms2u
post Sep 15 2016, 12:16 PM

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QUOTE(lilsunflower @ Sep 15 2016, 11:53 AM)
Just received the most annoying reply from MBB after I sent in my BT application this morning. Looks like they don't even know their own promotions and terms and conditions!!! Worst still is that my email subject says 0% by application and I used the 0% bt application form on the website which clearly shows the promo start date of 15 September. Am so ultra annoyed.

Thank you for your e-mail.

Kindly be informed that we are unable to process your balance transfer under the promotion of 1% one-time upfront fee as it has ended on 31/8/16.  Hence appreciate your confirmation whether you wish to proceed with the application under the normal rate of 3%.
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got any link to maybank website for 0% ?

i got the link

http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

This post has been edited by sms2u: Sep 15 2016, 12:17 PM
lilsunflower
post Sep 15 2016, 12:19 PM

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QUOTE(sms2u @ Sep 15 2016, 12:16 PM)
got any link to maybank website for 0% ?

i got the link

http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions
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Yepp. I replied them with the link plus screen shots of their website and also screenshot of the big picture 0% on their form.

Am so annoyed and will call them after lunch if no reply.

Can't believe they cannot even process properly or read the form or check before replying.
lucas114
post Sep 15 2016, 01:19 PM

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After reading the comments here, I attempted to apply for the 12-month, 0% MBB BT through online, selected Plan-G. Just tried with a small amount of 1.5k and the application has been approved in principle. 10 minutes later, I received an email stating that the application for Maybank Balance Transfer Programme was approved and the amount will be debited to my Maybank credit card within 3 business days. Waiting for the payments to my other credit cards.
sms2u
post Sep 15 2016, 01:31 PM

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QUOTE(lamode @ Sep 15 2016, 11:35 AM)
no la...

3% of 120 mil is 3.6 mil.
so i think 120 mil is in the pool, and assume each apply 10k, they can accommodate  12,000,000 applications.
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where can see got allocation of 120 mil? any mbb link?

update
i got it
http://www.maybank2u.com.my/WebBank/bt140916_tnc.pdf
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


This post has been edited by sms2u: Sep 15 2016, 02:24 PM
sms2u
post Sep 15 2016, 02:27 PM

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QUOTE(lamode @ Sep 15 2016, 11:35 AM)
no la...

3% of 120 mil is 3.6 mil.
so i think 120 mil is in the pool, and assume each apply 10k, they can accommodate  12,000,000 applications.
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120,000,000 / 10,000 = 12,000
Should be only 12,000 application?
aromachong
post Sep 15 2016, 02:37 PM

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QUOTE(lilsunflower @ Sep 15 2016, 11:53 AM)
Just received the most annoying reply from MBB after I sent in my BT application this morning. Looks like they don't even know their own promotions and terms and conditions!!! Worst still is that my email subject says 0% by application and I used the 0% bt application form on the website which clearly shows the promo start date of 15 September. Am so ultra annoyed.

Thank you for your e-mail.

Kindly be informed that we are unable to process your balance transfer under the promotion of 1% one-time upfront fee as it has ended on 31/8/16.  Hence appreciate your confirmation whether you wish to proceed with the application under the normal rate of 3%.
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which is why i mentioned different customer service personnel will give you different answer in scb cc thread.

sometime you just have to divert to correct cs in order to get for a correct answer
lilsunflower
post Sep 15 2016, 02:53 PM

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QUOTE(aromachong @ Sep 15 2016, 02:37 PM)
which is why i mentioned different customer service personnel will give you different answer in scb cc thread.

sometime you just have to divert to correct cs in order to get for a correct answer
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*sigh*

They replied me saying sorry sorry sorry, they will now forward my application for processing.

When I applied this morning, I was assigned a case number. 6 hours later, I've been assigned a new case number which is 168 numbers higher. I hope that doesn't mean that 168 people applied for BT between those times, and now I've been bumped to the back. Grrrr...
cybpsych
post Sep 15 2016, 02:56 PM

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QUOTE(lilsunflower @ Sep 15 2016, 02:53 PM)
*sigh*

They replied me saying sorry sorry sorry, they will now forward my application for processing.

When I applied this morning, I was assigned a case number. 6 hours later, I've been assigned a new case number which is 168 numbers higher. I hope that doesn't mean that 168 people applied for BT between those times, and now I've been bumped to the back. Grrrr...
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aiya no worries lah. their TT number is just running numbers of requests going to them, not just purely for BT mah.
lilsunflower
post Sep 15 2016, 02:59 PM

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QUOTE(cybpsych @ Sep 15 2016, 02:56 PM)
aiya no worries lah. their TT number is just running numbers of requests going to them, not just purely for BT mah.
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Haha - Thanks for reassurance and sorry for complaints! Your info this morning is more up to date than even their own Customer Service department! Impressive smile.gif.
lamode
post Sep 15 2016, 03:23 PM

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QUOTE(sms2u @ Sep 15 2016, 02:27 PM)
120,000,000 / 10,000 = 12,000
Should be only 12,000 application?
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ops.. you are right. rclxms.gif edited my previous post.
Titan_Gunners
post Sep 15 2016, 03:25 PM

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Just call Mbb BT department, here are the information i get:

Example BT for RM1200, 0% 12 months.

3% fee = 1200x 3%= RM36 , will be waive in 30 days
GST 6%= 36x 6%= RM2.16, not to be waive.

Thanks to our PM, Jib gor.. vmad.gif

This post has been edited by Titan_Gunners: Sep 15 2016, 03:26 PM
lilsunflower
post Sep 15 2016, 03:35 PM

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QUOTE(Titan_Gunners @ Sep 15 2016, 03:25 PM)
Just call Mbb BT department, here are the information i get:

Example BT for RM1200, 0% 12 months.

3% fee = 1200x 3%= RM36 , will be waive in 30 days
GST 6%= 36x 6%= RM2.16, not to be waive.

Thanks to our PM, Jib gor.. vmad.gif
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I'm still very grateful for the promotion smile.gif. I'll be paying RM19.80 GST for a BT of RM33k. Even my husband not so generous to settle RM33k for me one shot. Haha.

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