now only saw this, good explanation. i also alwiz wonder how much can it benefit as i never try before balance transfer but always heard friend uses it to balance his commitments

Yes

BT might be good option if you have outstanding that you cant settle all at once

if used back my earlier scenario
if no BT ; your A credit card balance/outstanding will continue snowball (if u fail to serve minimum u will get even more yahudi interest + penalty) - can be up to 18% p.a

if you did BT to B bank; atleast you are kind of halting it to further snowball (with some processing fee + fixed amount of interest p.a [some might give 0% or usually like 6 to 8% p.a])
after you do BT ; the only thing u need to focus is pay full every month till it habis

if korek lubang A ; patch with lubang B ; then continue korek another hole ..then sorry la

This post has been edited by fantasy1989: Oct 1 2023, 09:47 PM

ayam tatau, ayam wise je

basically like a new refinancing package right? where the bank B now at least can offer a better terms of repayment than just min payment via bank A until death

Yup

but many ppl exploit that ..

A 20k outstanding
BT A outstanding to B credit card
then continue spend on A or using TNG to cash out to pay B credit card installment
repeat for C D E F G

This post has been edited by fantasy1989: Oct 1 2023, 10:08 PM

stended la, some people have no sense of financial responsibilities wan

if can get away they just keep dragging and dragging their demise

most kesian is those who bitch about internet price

kesian tak mampu sub internet

On the surface, you are paying zero interest. But the item cost already included this zero interest "cost" inside.

So yes, in a way, it's better to buy with zero interest then without the zero interest. But it is even better to nego how much discount you will get if you pay everything immediately.

Actually I think so called zero interest products already included the interest cost as well. That's why those products are generally more expensive then those without zero interest payment.

It makes the product more affordable. But at the same time, the price is marked up as well to include the interest that is being paid to the bank. In other words, zero percent installment, you still pay the interest but that interest is part of the displayed price in other words you still pay the interest in the end even though it's "zero percent" interest.

There is no free lunch in this world.

Nope. Say you want to do full payment but with discount.

Wrong, you pay the same price with cash or other payment method with 0% installment. There is no markup price. it is a flexibility provide the bank, not the shop. The shop will get their full payment from the bank, u basically will deal the installment with the bank

Actually you do.
You are very naive if you think otherwise. Like I said, the price is already marked up and includes the interest that would have been otherwise paid to the banks.

Even in shopee, when you choose to pay 6 months, your price that you pay is eventually marked up. What makes you think banks are not doing the same thing but in a more discreet manner.

The only difference is. it will be silly to make the same payment by paying directly vs monthly payment instead for this kind of zero percent schemes. But for me, I will just try to get the discount and pay directly instead.

Banks dun just lend you money for free. But like most people, you are not that intelligent anyway and think in a 1 track mind.

It's ok dun bother to reply. Dun want to waste my time with low iqs.

it is not, dont spit nonsense if you dont know how 0% installment work. Dont compare with shopee spay later installment top kek. That one is not 0% installment lah dumbass, of course there will be charges by shopee.

This is an example on how 0% installment work

Iphone 14 from machines, RM3799.00 Retail price.

When u pay with 0% installment for 36 months, U will pay

rm106 x 35 months = 3710
rm 89 x 1 month = 89
---------------------------
total rm3799 for 36 months.



I bet u dint have credit card, that is why u spit shit like this.

Actually shoppee also have 0% installment with certain credit card, but i doubt u too dumb to find it.

This post has been edited by blackamikaze: Oct 2 2023, 10:27 AM

You really have a dog brain that's all I have to say.
If I see a dog Vs you lying in.the highway, I will probably go save the dog.

But for others. The price that you pay for products with zero percent interest, the interest is already included in the final price whether you opt for zero interest or pay upfront.

For shopee. They are transparent to let you know how much more you have to pay if you decide to pay by installment.

For dogs like this person, this zero percent installment.just to attract idiots like him who thinks he got a great deal.

To be honest, I prefer to use tng digital or.even cash because everyone knows all shops mark up their price for the products to account for cc charges.

This post has been edited by BrookLes: Oct 2 2023, 01:55 PM

What he means is that the 3799 is already priced in the interest cost.

For example, I dunno what the term, but say the retail willing to pocket RM3600 for the sales, so just mark up the price till 3799 that 199 goes to bank, 3600 goes to retail

The price is masked that yes, for consumer like us, the end price is what matters. But he is explaining the possible reason of Zero Installment plan items tend to be more expensive than the items without this offered

So if you cash buy an item with zero installment plan option, you may be letting the retail pocket the 199 for no reason, hence it is wise to at least sought for discount

This post has been edited by viktorherald: Oct 2 2023, 01:57 PM

Thx for explaining.
But for me, I just feel it's a waste of time to explain to ppl like him.

Did u understand the price i show u is retail price? It doesn't matter how u pay it, even u pay with cash, it is the same price. U think u will get rm3600 if u pay by cash? Or u assume all items that sell on retail all already included the charges just in case someone want to buy with installment? Good luck trying to get discount from Apple store or any official store just because u paid by cash. And the example I show u is price u buy online from apple reseller machine. How the hell u want to ask discount from them? Email them? "hey can i get a discount because i will pay by cash with online transfer". top kek

This post has been edited by blackamikaze: Oct 2 2023, 02:25 PM

Usually for phones macam iphone. Can go up to 36 months.

But iPhone u can buy Apple Care, can get 2 years warranty.

This post has been edited by emino: Oct 2 2023, 02:20 PM