Tag Archives: Debt

Best Credit Card Balance Transfer Plans 2018

 Another Personal Finance tutorial by GenX @ http://www.GenXGenYGenZ.com

UPDATE 1st January 2019 – Only AEON Credit is offering 0% Balance Transfer Plan as of 1st Jan 2019


For years I have not performed a Balance Transfer Plan because I find it a hassle to keep track of the outstanding debt. YES! 0% Balance Transfer Plan is not FREE Money but a debt, i.e. liability. However, some of you who have been taught by me to utilize 0% Balance Transfer Plans have been consistently earning FREE Money with 0% Balance Transfer Plans for years, hahaha.

And just like I mentioned about 0% Installment Plans, 0% Balance Transfer is another trick by the banks to entice you to spend more. 0% Installment Plans of Balance Transfer Plans may result in giving you the false impression that you have more money than you actually do (because you failed to deduct the balance debt which is yet to be paid) and so you continue to swipe your credit card for other non-durable stuff and end up spending more which directly results in your savings shrinking even further.

If you are new to my blog, first thing you should do is click here now and read my FREE Credit Card Tutorial 2018 where you will be taught the basics of owning a credit card and most important of all, not to be tricked into the bottomless shit hole of debt.

After you have read the above, please click here to my Balance Transfer Plan Tutorial 2016 where you will be taught:

  • How you can benefit from 0% Balance Transfer Plans – (1) To Earn FREE Pocket Money or (2) To Save On Interest Charges on your existing credit card Outstanding Balances.
  • Pros and Cons of Balance Transfer Plans offered by various banks. Other than you needing to repay the 0% Balance Transfer, the other most important thing to remember before signing up with a Balance Transfer Plan is that you should choose one where the Repayment is in Equal Installments.
  • If you refuse to follow my advise above and go sign up with say HSBC Balance Transfer Plan, you may be imposed interest on your new transactions as you are deemed to have Outstanding Debt in your HSBC Credit Card Account. Or in HLB Balance Transfer Plan, you are sure to be imposed some interest charges with their 0% BT because you can only settle the full Outstanding BT Amount a day after it expires or else you will be penalized!

Only after you have read the above two tutorials, then proceed to read the rest of the contents below.

The Best 0% Balance Transfer Plan for 1st Quarter 2018

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