People in the market used to call it "Cr. Card Re-financing (CCRF)". There is no such product from banks. As commonly known, the Housing Refinancing or Auto Refinancing are definately real products from banks.

This CCRF is definately against all banks' and impacted their current business plan in their standard personal financing products such as Personal Loans, Balance Transfer etc.

In simple, this CCRF has against the Rule of game with banks. The game owner is bank not this CCRF company. The Rule that set by bank is to govern and protect their major business plan.


This post has been edited by futuretalk: Oct 6 2008, 08:58 PM

hey guys,

There is a Balanace Transfer Program from HLB with 0.5% for 6 months with Reducing Balance. If you have HLB CC, just call the Customer Service Officer and give them your X CC No. which you have the outstanding debt. They will arrange for you right away without any docs.

It is a good try product if you really need it.

You may want to check out some other banks besides HLB such as:

1. HLB
2. RHB
3. MBB
4. HSBC
5. etc

I guess this HLB Bal. Transfer is kind of good offer to those CC holders who intend to reduce their debts. There is no imposed of any admin processing fee.

0.5% x 6-month = 3.0% (yet is at the reducing bal./mth

I think bank has come out this plan to block away all these CCRF (cr. card refinancing) activities.

This post has been edited by futuretalk: Oct 12 2008, 11:54 AM