Retirement Planning Calculator  Click Here
Casinos Deutschland    

Direct Access : 0% Interest Balance Transfer For 6 Months

Do you want a short term Loan with 0% interest charge? You can do a balance transfer with CIMB Direct Access. CIMB Direct Access has been offering 0% interest on balance transfer for 6 months period. Bear in mind that the balance transfer is truly 0% and there’s no upfront fees, processing & admin fees, admin fees and etc.

Direct Access balance Transfer

If your mission is to clear your credit card debts, then you can take this plan in order for you pay less in interest. For example, lets say you made a purchase of RM10,000 with your EON Bank credit card last month and received your monthly statement from EON Bank this month showing that the RM10,000 is due on 15 December 2010. Well you can do balance transfer for this RM10,000 with Direct Access. But, you need to aware of something and what you need to do is:

- Submit the Balance Transfer application form to Direct Access once you get the EON Bank statement so that Direct Access can process & approve your application much more earlier and make payment to EON Bank before the 15 December 2010. You need to be well-disciplined in this matter in order to avoid paying late charges or being imposed interest charge.

So, you need to play safe! I have good recommendation for you:

It’s better to do balance transfer with Direct Access of not more than 95% amount owing. You should at least make 5% or RM500 payment to EON Bank before the due date first. Do you know why? This is because we need to think about if there’s bad case happen or there’s a delay for CIMB Direct Access in making payment to EON Bank, then you still have the minimum 5% payment to EON Bank and therefore no late payment charge will be imposed on you.

Recently, I have made my insurance premium using Standard Chartered credit card for the amount of RM2,520. With this Direct Access Balance Transfer programme, I will try to do balance transfer and wait for next 6 months only pay off my debt. This 0% interest balance transfer is excellent for me as I can place my money into some kind of investment vehicle to earn some money first rather than settling the amount due. Hahaha…

10 Responses to “Direct Access : 0% Interest Balance Transfer For 6 Months”

  1. Direct Access : 0% Interest Balance Transfer For 6 Months | Easy Loans UK Says:

    [...] Direct Access : 0% Interest Balance Transfer For 6 Months Share and Enjoy: [...]



  2. ahsiang Says:

    hi David, will I be charge of any fee or interest if I do the balance transfer and then settle fully the money with direct access within 6 months?



  3. AskChong Says:

    You need only to pay 5% min and any amount you like within the 6 months.

    I have made 4 Balance Transfers already.

    Direct Access also offer 12 months at 1% only. Still worthwhile.

    More info http://www.directaccess.com.my/index.php?tpt=cimb_bank&tpl=promotion_list



  4. AskChong Says:

    Hi David, where can you earn money (except FD for 6 months) for such a short time?

    Invest in stock market quite risky as the price may be lower than now in 6 months time….

    Share with us where can we park money short term without risk.



  5. David Lee Says:

    @AskChong: Are you sure only 5%? I thought is the total balance transfer/6 months. I have sent email to CIMB regarding how much minimum should we pay to enjoy truly 0% interest of balance transfer. Still waiting for their reply.



  6. AskChong Says:

    Yes, update it on my blog for your reference.



  7. David Lee Says:

    @AskChong: I have just received the email reply. Yes. You are right! We need to pay 5% from the outstanding balance. But it’s advisable to pay as i mentioned above so that can clear the payment without worry at the end.



  8. lye kok fatt Says:

    if i want to do balance transfer,from uob to cimb credit card what is term &condition from cimb bank credit card.iam very keen to apply cimb bank cc for past an a year ago.



  9. Darell Amati Says:

    This will be the most big imagination that you are furnishing and you turn over it away for free. I relish seeing websites that view the value of supplying a prime resource for free. I truly enjoyed reading your Wiley Post. Thanks!



  10. minka kelly Says:

    I am really happy after reading your recommendation about using the 0% interest credit card. Thank for your information.



Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>