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Credit Cards Balance Transfer (BT) Plans V4 - Banks Offer List, Credit card debt consolidation
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MeToo
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 Aug 29 2016, 03:54 PM
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I currently have 50k with HLB... I wishes to clear this up so I can charge another 50k on it....
SO either I BT it to a ZERO cost card.. or I just pay it off. Ofcourse I prefer to BT it cause it will save me a little here and there compared to paying lump sum.
WOuld appreciate if anyone knows any real ZERO cost BT available from the following cards...
CIMB - World
AmBank - Infinite
Maybank - Master + Amex
PBB - Sig
Thanks!
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MeToo
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Aug 29 2016, 04:22 PM
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QUOTE(cybpsych @ Aug 29 2016, 04:14 PM) I looks thru, seems only PBB.. but abit outdated it was 2014? |
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MeToo
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Aug 29 2016, 04:38 PM
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QUOTE(cybpsych @ Aug 29 2016, 04:24 PM) brotan didnt update it  PBB's hereif your upcoming RM50k charge is in one transaction by a merchant, then can try PBB's Flexipay Thanks! The Flexipay I cannot use cause I'm charging the sum to HLB's Fortune card to get the $1800 cash back... So left the BT. If I read your link correctly.. the BT 6 months for 6K and above is zero fee... no hidden cost/processing fee etc? This means I have 6 months to clear the 50k? Meaning I can wait until the last month then only dump total sum in? |
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MeToo
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Aug 29 2016, 04:58 PM
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QUOTE(cybpsych @ Aug 29 2016, 04:42 PM) bt doesnt work that way. 50k bt = 6 equal split/portion charged to PBB statement for 6 months (i.e. 6 months x RM8,333) Oh okok.. sorry first time do BT then its also doable.. still better then me paying it off immediately and gaining nothing. No other hidden admin/paperwork/gst cost? Now if there is another bank with BT then I can BT my 2nd 50k as well... feelign like a cheapskate  |
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MeToo
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Aug 29 2016, 05:01 PM
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Wow.. this clause.. "Early Settlement Penalty of RM100 will be charged if the Cardmember terminates or discontinues the programme by making full payment for the Approved Balance or such outstanding thereof prior to the expiry date of the credit scheme duration. (Public Bank Credit Cards only)." Early settlement also cannot!  This post has been edited by MeToo: Aug 29 2016, 05:01 PM |
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MeToo
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Aug 29 2016, 05:13 PM
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QUOTE(cybpsych @ Aug 29 2016, 05:04 PM) u can bt all you want, but of course subject to fee (if any) or credit limit (about 80% of available limit) or approval. for a 50k bt, your available CL should be at least 63k (without any outstanding). pbb's so far 6months without any fee, and without the need for statement too. Thanks for your input! My PBB cannot tahan 2 50k BT.... mana ada cukup limit  Oh 1 last question... would it be faster to fax in the form or just drop by their branch? Usually what's the lead time with regards to BT? |
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MeToo
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Aug 29 2016, 07:20 PM
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QUOTE(mamamia @ Aug 29 2016, 07:08 PM) Email is faster. Go to bank they will just help u to fax, but sometime they don even help u to fax n keep it aside.. This is my experience with branch for my first BT with PBB Thanks! I'll scan and email them tmr then! |
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MeToo
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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. 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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MeToo
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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 cutting close if MBB slow to revert BT approval. 6 month confirm 0% vs 12 month maybe kena 3%... I'll keep the bird in hand instead |
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MeToo
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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 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... |
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MeToo
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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. 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.. |
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