Credit card transfer - knowledge

I'm thinking to put all the info about my everyday inquiry about life into my blog. the info that i get from surfing. hopefully this will make my blog successful.

1. this article i get from bebas hutang.com, one of my fav online reading once upon time ago. in that time, one of my college was very interested in menganakkn money....

for ur info, if u have a lot of money or a little of money of a lot of debt or no money at all, why don't u access this web, i guarantee lot of thing u can gain from this web.

What is Credit Card Balance Transfer?

Posted by Khairul on August 24th, 2010

It is when you transfer debt from one credit card to other credit card and enjoy cheaper rate. For example your CC debt/outstanding balance with Bank A is RM5,000….then you apply new CC with Bank B, and at the same time apply for Balance Transfer program to transfer the RM5,000 debt…once Bank B approved, Bank B will pay RM5,000 to Bank A to clear the debt with Bank A…then your Balance Transfer program with Bank B is started

The flow is something like this:

Hutang CC di Bank A –> apply BT di Bank B –> Bank B approved –> Bank B bayar hutang ke Bank A –> Hutang CC di Bank A clear (zero) –> BT program dgn Bank B bermula

Payment method:

Sekadar berkongsi serba sedikit berkenaan BT berdasarkan pengalaman dan ape yg sy faham…kalau ade yg mempunyai pengalaman cara bayaran yg lain, boleh share disini…cth mcm BSN, dlm T&C tak dinyatakan dgn jelas payment method

satu perkara kena ingat, bile dh start BT, pay on time…kalau tak, bank akan kenakan late payment charge…kalau guna online banking memang senang…tak payah tunggu bill utk tahu berapa amount kena byr utk bulan tertentu