A credit card balance transfer is the transfer of the balance or debt in a credit card account to an account held at another credit card company.
Due to recent credit card tax imposed by government, many credit cards issuers is doing balance transfer promotions as part of their strategy to retain its customer. The credit card issuers are giving a great promotions ranging RM50 rebate per balance transfer to 0% interest free balance transfer. Actually this is great for customers. It will offer great saving for those who would like to use this facility.
If you have unsettle credit card debt, it is wise to do balance transfer in order to save the interest. With such a low balance transfer fee, it is certainly much better than personal loan to clear out credit card debt.
Below are list of recent balance transfer promotion.
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Do you know how big is Malaysian Banks in terms of their assets size, loans size or market capitalization? Which banks biggest & which one is the smallest? With the recent news that Hong Leong Bank going to acquire EON Bank, it is interesting to see the ranking of Malaysian Banks.
The table below shows Malaysian Banks ranking based on their assets size, loan size & market capitalization as at the end of 2009. International banks and non-public listed are excluded from the lists.
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Currently there are many banks in Malaysia are offering cash rebate credit cards. If I am still remember correctly, the first bank that offer this kind of benefit was Public Bank since I own their card way bank in 2001. They offering cash back option for their VISA cards but Mastercard user also able to convert their point rewards (VIP points) to cash back option. However as time goes by, now other banks are offering better cash rebate than Public Bank.
I will try to analyse all the banks that provide this kind of benefit on their credit cards. However, for this post I limit to the banks that provide cash rebate for permanent basis, on all transaction (except petrol) & no carry forward balance is required. Also I exclude RHB Business Platinum Credit Card as it not meant for end user.
Before further analysis, below are the list of cards & banks offering cash back credit cards that includes in the analysis.
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There are a lot of discussion on which credit card & debit card can be used to verify & withdraw Malaysian Paypal account. I create this post to use as references on which cards works.
Just to clarify that all VISA, MASTERCARD & AMEX cards are suitable for Paypal Verification but take note that Paypal only allow VISA cards for fund withdrawal. However, this is subject to issuing bank policy.
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