Plan to do it with alliance bank credit card, but both offer the same thing which are 4 years tenure with 6.88%, Wanted cash to clear my another bank CC

/k come advise which is better? Balance transfer or cash advancement?

Up

Both got pros n cons

I don't know because I have no debt. I'm just here because I'm bored and lonely and nothing to do.

Lol. Getting cash from another place to cover the current debts? Never a good idea. Dont think of easy money. Think how to solve this one first. If you really need to get a 2nd job or side income. And cut down on spending. Most people wont do that because they wanna show face and show on fb they are rich. Just dont follow trend.

Don’t do it. Hidden fees like admin, processing, early settlement, late change will kill you

Cash advance is the best, I cash out all my cc now I am friend with akpk

Noice

check for any processing fees, this & that.
sometimes cash advance have.

if charges absolutely same, i would suggest BT instead.
cuz balance transfer, it directly goes into your CC installment.
where else cash advance, depending on bank, some bank is to temporarily open up another cash advanced account for u, in which when u pay CC, u hav to pay to 2 separate accounts.
which can be a hassle, & more prone to mistake, ie, paid CC, but forgot pay cash advanced.
example of such bank is standard chartered.

no balance transfer 0% now? u plan to gali lubang to tutup lubang right?

Cash advance

Then go genting roll

Then pay back cash advance and the other CC and debt free

Because 0% for NTB, im ETB

Balance transfer n convert into installment, check with the banks

i have to say. BOBOWYC is quite misleading.


increasing Income is always priority. No wrong.

but if you have quite amount of CC outstanding , that is a quite serious PROBLEM

i guess BOBOWYC do not know how CC interest calculate.

1st. Compounding (monthly)
2nd. CC interest is 18% p.a.

if you can convert this outstanding into even 11% p.a. FIXED with monthly payment...
you can SAVE ALOT MONEY.



JUST TO MAKE SURE, after u clear the outstanding. DESTROY THE CARD. and ITS ACCOUNT

my advise is go find other bank with lower CCBT charge, like i use MBB just 1 time charge if 1.88% of the amount i transfer

Ohh.. Sorry man, yea i dunno. haha. just know the gist of it. lol