This is ultra helpful. Thanks, I'm sure many people will find this useful.

How does this work when you have retail purchases as well? Do you still pay just the minimum statement amount?

I had tried it follow the suggestion and hopefully can get a good news from MBB.

Thank you very much for your help.

FAQ mentioned savings account. How about if u provide debit card 16digit when BT? Does it able to successfully bank in?
EDIT: I tried to instant transfer from CIMB to my Maybank CC, it will show the screen to key in TAC. When I change it to 16 digit of my Maybank Debit Card, it shown error.

I have an offer of 36k 12 mths 0% to BT, unfortunately, all my credit card balance is cleared and I do not have any big expenses planned.

I want to cash out this 36k, except Maybank, any others bank easier to transfer balance to savings account? Because amount is more than 10k, it would be a bit troublesome with Maybank. Btw, I have 3 Maybank credit cards including Maybank 2 cards. Need sifus to guide. Thanks.

Yesterday request 4k overpayment transfer to my AMEX to settle tha statement balance. Today saw the transaction. Just now request to transfer balance 8k to my savings account, CS proceed without any issue.

I had just request another 5.8k to savings account last Saturday, yet to receive fund.

Shall I balance transfer 36k offered by UOB into 4 Maybank credit cards thay I hold (9k each) or 36k into 1 credit card account?

as expected, some ppl will begin to use this method to extract large sum of money via BT.

mind you, this is not luck, this is taking advantage of process loophole. do it at your own risk.

Yes, as i have previously mentioned. This is a loophole that shouldnt be considered safe. The person who exposed this just opened a can of worms. Now everyone going to be using it and sooner or later, the banks will notice it and close it off if they havent already started doing so already.
It is a loophole.. balance transfer is only meant for credit payments. Not to be withdrawn as interest free, fee free loan.

Imagine everyone uses this exploitation.. there will be no need for personal loans. Just apply a BT and then you get a free loan.. no need to overdraw credit as cash also. The banks are losing out big time.

If i was a bank officer, i would be looking into this with urgency and finding out ways to close it off, even punish the offenders for essentially, "robbing the bank". Bank not earning interest is a big time lost.

People are unable to repay due to not having the cash. But if you are doing the exploit, with the excess money that enter your savings account. It means you technically have the money to repay. If you didnt spend it. So it is still a net loss to the bank and furthermore, makes other they offer products not attractive.
The money is mine. If i put it in the bank. The bank is loaning out that money at a huge risk. If the bank goes bankrupt due to this loophole becoming more and more common, it punishes real savers tbh.
Worst of, maybe the rules for balance transfer is change because of this or becomes harder to apply for... then you are punishing the people who use bt honestly and properly.. a feq bad apples can ruin it all.
I have checked. Most have never heard of this loophole before. They are surprised that got such methods.

I agree, the banks make money, alot of it. but they are also terrified of exploitation. So i wouldnt be surprised they are not considering closing this off.

For a long time already. From memory:

PBB proudly advertises their no statements policy

MBB doesn't require statement through M2U applications

Ambank BT doesn't even need a form - just call CS and tell them amounts

AEON is strict and requires statements or online screen shots.

Currently those are the 2 Im using. PBB is the best as you can keep applying for multiple BT as long as you have sufficient CL.

HSBC has one for new customers (which is limited to 10k, but only need to pay 5% every month and then balance at end of BT period). Ambank may have one for new customers too, but I don't know the details.

MBB promo just ended but it seems like it occurs annually.

Because the CIMB CC that i used is Enrich Platinum card.
That's why it's foolish to use that card to pay bill since the benefit is minimal compared to CIMB CR.

aikss.. it doesn't work bro. it's my first call tho. i haven't do a second call yet.

i called say i wanna cancel cause my BT just finished. And i would like to have another BT, but she offered me the BT with interest. Then I said I'm looking for 0% BT. the fella said sorry, don't have. then i said nvm, please proceed to cancel my card. she said ok. she will put a temporary block at my card.

that's it.  should i make a second call?

hi all...
I'm new to this BT thing...i got a question....so maybe continue from blahbleh's question above...

for Aeon cc, the BT needs statement from the other bank, and Aeon claim they will take up to 15 BUSINESS days to pay...

so does that mean if we want to BT from another creditcard, we need to quickly submit the application form to Aeon once we get the credit card statement? will there be a risk of late payment to the bank we plan to BT from?

Thanks.

is it in their website?