hi there, does anyone know whether i can submit simultaneous BT applications using the same CC statements?

For instance, supposing I owe Bank A RM2000 and Bank B RM1000, can I submit A and B's statements to bank C and D at the same time? Will each of them give me RM3000?

This post has been edited by bluemeanie85: Oct 8 2016, 01:49 PM

hi all, i wonder how do you guys manage to get such high CLs? currently i struggle to get even 1.5 times my salary as I have more than 10 credit cards currently

i never missed any CC payments, and I currently have 2 0% BT plans active. Debts are manageable. I noticed my initial credit cards gave me 3x (e.g. MBB, PBB, CIMB) but now they only offer me 1.5x to 2x (e.g. UOB, alliance). aeon only gave me a measly 1.01 times!

However I have quite a few dormant cards which I mainly applied for free gifts and/or have zero annual fees.

haven't done a CCRIS yet but I think I should do one soon. Seems these BT might affect my debt service ratio as advised by an Alliance Bank officer, even if I am not late with payments.

thanks for the suggestion. I was thinking of keeping those cards in case there are any bank promotions but I suppose the drawbacks outweigh the benefits. If you don't mind me asking, what was the maximum multiplier for CL that you have received? mine was only around 3.3 times offered by PBB.

I have applied for a manual transfer (from CC to CASA) from MBB, PBB and HSBC. MBB took 8 working days, PBB 7 and HSBC 6. PBB charged me RM2 for transfer to other banks. Only PBB asked me for documentation (bank statement of other bank).

I tried asking CIMB, but they said that I would need to give them evidence that I overpaid, and that they will only refund the monies back to the same CC that I transferred from. Even when I asked what happens if I cancelled my CC, they still insisted that they will only pay back the balance to the same source the money originated from. I wonder if there would be any issues for the donor CC to receive back money from the donee CC, and later I request for another manual transfer from the donor CC to the donor CASA?

Me too. I've been waiting since 8 october.

I think there is a 0% and 0% one time fee BT available for new cardholders over 6 months (https://www.hlb.com.my/main/assets/files/BT_new-0pc-tnc.pdf). plan to get a new HLB card with no annual fees (Hong Leong I'm Card perhaps?) to take advantage of this BT. anyone knows where freebies are given for new HLB cards?

I used UOB quite a few times already to refund the monies to MBB (charges RM0.11 for IBG). However on my most recent attempt they politely told me not to repeat this in the future.

Yup, I don't have a savings account with them but I believe you can easily transfer the monies to your UOB CASA if you did. However, I am prepared to cancel my UOB CC and force a refund in case they deny me in the future.

I just called up their CS, and they said only new customers are eligible for this even though their website didn't mention that. Just a heads up for any existing SC cardholders.

What a horrible place to put the T&C! I don't think many would intuitively know that the expandable panel is for the T&C.

I submitted an application on 7th July too and I received my monies yesterday (12th July). They did not give me any notifications at all though.

IMO, overlapping balance transfers are always better due to opportunity costs (more flexibility with your cash) and the time value of money (earn extra money from FD, cash management, housing loan interest, etc).

Note that MBB, PBB allows for overlapping BTs while Aeon doesn't.

Yup, basically its concurrent BTs active at the same time.

PBB is fine, as long as your CC has sufficient balance.

For Aeon, they will only allow you to perform another BT once your previous BT's final installment is posted to your CC.

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