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Credit Cards Balance Transfer (BT) Plans V4 - Banks Offer List, Credit card debt consolidation

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only_lonely1220
post May 23 2016, 10:57 AM

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Hi all, i have a little confusion here, and did not manage to look for the answer in previous thread.

I just recently applied for HSBC Platinum, and it comes with a 0% 6 months balance transfer offer, so I BT my Aeon 10k outstanding to HSBC, and i just got my first statement from HSBC, it shows the full 10k amount in the statement, current finance charges stated 0%, minimum payment is RM 500.

My question is, do I pay only the minimum amount stated in the statement, then make sure I clear all balance before the 6th month? So that no interest will incurred? Or, I need to pay 10k divide by 6 by myself?

Previously during Maybank 0% BT time, the amount to pay will be charged to CC every month, first time saw full amount straight charge to CC, can anyone experience this before explain to me? Thanks so much.

This post has been edited by only_lonely1220: May 23 2016, 10:58 AM
only_lonely1220
post May 23 2016, 11:40 AM

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QUOTE(lamode @ May 23 2016, 11:31 AM)
you can just pay the min amount, the rest of the balance (RM9.5k) will be interest free until the end of the 0% BT tenure.
but remember not to use this card, those retail transactions will kena interest.  bangwall.gif
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I see, thanks for the clarification and information.

 

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