Eventually can we wire this out as USD to other account like Wise instead of changing it back to RM before going back to USD in Wise? How is the conversion?

not mandatory

Hei guys. u ppl should check out on RHB Multi Currency Account on USD FD placement. minimun placement 2000usd. they do offer in weekly, monthly and annually. so far i get 5.55pa for 3 months tenure and 5.21 1 week tenure.

I took 0% Cash from CC and put in Rize and use 0% BT merry go round to pay the credit card.

Yes credit card. Currently I know Maybank having that promotion. You may read more about it in the Maybank Card Thread.

ensure your cashflow is super smooth..or else will get trapped.

PBB RHB Affin are doing 0% BT as well.
Use these banks 0% BT merry go round and get interest 5% / 4% for free putting these free $$ in Rize.

and the best thing is interest calculated daily rest and anytime can transfer out unlike FD.

for eg. RHB offering RM20k 0% cash , 12 months instalment.
you put all into Rize, you can easily get
RM70.8 / month on interest.
RM5k 5%, RM15k 4%

then use other bank 0% BT merry go round to clear the RHB monthly instalment

yes must  pay in time... yet

i think i kena 3 times also out of 200+ BTs this yr...
but usually can be waived if you always pay full on time.
one time i totally missed , hutang 1 whole month till next statement came
SMS came only realised..straight away paid all together (normally i pay on due date last day only),
late fees still can be waived.
yeah must have spare cash in such case.
kena finance and late payment fees i know but

cancel your BT ..?  i dont think so...
i dont think bank will penalise by asking full payment of all instalments
they prefer to continue charging you interest monthly.

of course the bank  can do that,
if kena like that, the credit card holder is no longer just forgot to pay, likely going bankrupt or something
bank can even terminate his credit card
not just asking to pay back all BT installments only..

Note, the card  that i showed kena finance charge and late fee above also  got BT installment there

statement date 14.7.23 , due date 3.8.23 --> i forgot to pay totally! min amount also not paid!

next statement date 14.8.23 , due date 3.9.23

i paid both the statement  together on 16.8.23,
ie  i have missed paying the BT  installment in statement 14.7.23.

message is bank dont want to kill us,  it wants to milk us slowly...
in my case bank let me milked back... reversed the charges also.
.

affin, citi above
SCB also can. last time  easy with live chat
probably  more difficult if bad paymaster or habitual..
20 out of 30dates i have statements to pay
44 cards thrill of walking on tight rope ..
cashback quite alot also.
best is not real spending
but the curtain is closing down...sigh