Yes, many of us have the ability to pay off the lump sum, but choose to BT at 0% to alleviate cash flow and earn interest, or invest the cash, or pay off loans etc.

For example, I choose to pay my kid's RM30k school fees as a lump sum to get a 3% discount. So that saves me RM900 upfront.

Then, I applied for MBB 12 month 0% BT (during the promotion), and pay only 2500 per month.

Month 1 I put 30k in 1 month FD and earn 3% - save RM75

Month 2 I put 27.5k - save RM68.75

Continue doing this for 12 months, so your interest savings get smaller as you repay your FD. This method is also very safe as it locks up your money so you will definitely have enough to repay the principal.

You can search my previous posts on this thread to see my other explanations about BT strategies for further details. However, this is just sharing my experience, and what you choose to do is your choice and risk. Rule of thumb is to ensure you understand what you're doing when you enter into any financial transaction, as well as risks, including inability to repay on time.

People have reported that it affects credit score, because it is effectively a loan, and hence reduces your disposable income.

However, there are many factors which contribute to credit score, and this is just one. Credit scores are like medical reports - very subjective and depending on individual circumstances. Based on MY personal experience, I was easily approved for two 7 figure mortgages while heavily maximising BT on 3 credit cards (PBB, Aeon and MBB). I have also never been rejected for any credit card, and currently hold 14 principal credit cards with high CL. Based on this, I believe that there are other factors which contributed to my overall good credit score.

If you have had problems in the past with getting loans or credit cards, I suggest you stay clear from BT. However if you have never been rejected for cards and also have been awarded very high credit limits, then it may be safer. Also, ask your banker to do a pre assessment (based on your income and financial commitments). They will be able to tell you if it's likely to affect you. Ultimately it depends on their assessment and the amounts involved

MBB 0% BT, approve early June but still no receive rebate on 3% & GST.

anyone same here still waiting?

MBB waive 3% charges on BT still available?

yes possible.

i've tried it with PBB online banking. screenshot the main cc page, make sure got your name and cc number (if possible). i even highlighted outstanding amount + authorized amount (not yet posted) 

attach the screenshot as part of the documents to be submitted via email.

HLB Balance Transfer 12 months 0% usage update
I just did another round, min $15K BT was required
BUT
the $ not transferable to savings ac, as per what was shared last month+/- for the $15K required ie. there was no selection and the default was just to: credit card

luckily i "owe" other bank's credit card, "pre-pay" next month or two heheh (coz apparently HLB's offer ends 30th April)

That's great! I'm at Melaka.. Then can find AKPK branch in Melaka.

I can't take leave this week. Could you update whether able to proceed for eCCRIS or not after going to AKPK Melaka Branch (Jalan Munshi Abdullah right?)

my last successful card was using Pledge FD .....RM10K for Barcelona + Amex 2 card .....

Pledge FD , have to use own capital , which i'm quite reluctant.

i printed, no issue ah

just filled up the form and submit to PBB

Sure but
I looped them around, the various banks are paying each other
month after month
till the music stops one day....then i take out my money lor

Interest free bank money
Takkan mahu reject..

The banks are waiting for customers to spend and spend
and unable to pay back then is their time to slaughter us back

i think the BT game is best explained below
for real life scenario, you can use my data to understand better.

Credit card statement due date and amount paid by BT

1)24.5.24  PBB    RM4243 paid by Aeon BT 13.5.24
2)28.5.24  PBB    RM6202 paid by Aeon BT 16.5.24
3)30.5.24  Aeon    RM9335 paid by UOB BT 25.5.24
4)6.6.24  SCB    RM1972 paid by UOB 29.5.24
5)9.6.24  Alliance  RM5800 paid by UOB BT 27.5.24
6)10.6.24  UOB  RM4070 paid by PBi BT 5.6.24
7)15.6.24  RHB  RM7953 paid by Aeon BT 7.6.24
8))15.6.24  RHB  RM6140 paid by PBi BT 7.6.24
9)21.6.24  PBB    RM15645 paid by Aeon 18.6.24
10)24.6.24  PBB  RM2978 paid by Aeon 23.6.24
11)28.6.24  PBB  RM3907 paid by Aeon 18.6.24

i have 42 active cards to pay monthly.
sure must have spare cash ready
dont want  to be charged fees if BT failed or late

My BT cannot finish,  outstanding forever there
as long as got credit , i take them all
allowed BT is 80% available CR, to squeeze more upto 95%
split like this.



i dont withdraw  from excess, not easy, also i have too many outstandings no excess

better you take easy cash from MBB and HLB direct cash into your Savings.