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Credit Card Thread V7, Everything about the world of plastic
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WhiteWing
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 Jul 21 2009, 01:05 PM
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Hi guys,I got some question now. I hope the people here can help me   My situation is like this. I did a cash withdraw on 2 bank. One is CIMB Bank and another one is Hong Leong Bank. I withdraw RM1k from both of them. I do know that is the cash advance fee that I can absorb and I do ask some of my friend that do credit card. I told them that I that I cash advance RM1k from 2 bank and I wanna clear the RM2k within the 20 days interest free. But they told me if I everytime also so discipline pay on time and don't let the bank earn any of my interest,he say the bank will recongize me a bad customer because always pay on time and don't let the bank earn any interest $$ and only earn the cash advance fee. So they all asked me don't always pay the full payment ontime. You must late 3 times or 4 times or pay half instead of full and let bank charge me abit then only bank will be happen. I wanna know is it better to pay full payment on time or late and let the bank charge me ? Any advice ? |
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WhiteWing
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Jul 21 2009, 01:21 PM
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QUOTE(Gen-X @ Jul 21 2009, 01:15 PM) Well, the moment you withdraw cash with your CC, you are immediately charged a fee and thereafter daily interet charges so the banks are happy. Bro, if you really need cash, better you call HLB and ask for balance transfer to your savings/current account where you will not be imposed upfront fee and the interest charges is 0.5% a month (for 6 months plan) and interest charges is based on daily outstanding. Better than withdrawing cash where the interest is high. Oic. Thank you for your help. I know that I will kena charge the fee when I withdraw the money. Daily interest ??  Thank you for your help. Next time I will do this ... I appreciate this .. QUOTE(cute_boboi @ Jul 21 2009, 01:15 PM) The interest is immediate from the date you withdraw cash-advance from credit card. There is no 20 days free interest until billing statement or payment date comes. Ohh ok ... better to pay off asap or let the bank to earn interest ?? Now I doing all selling stuff to cover back all these cash advance from cc ... |
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WhiteWing
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Jul 21 2009, 01:32 PM
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QUOTE(ronnie @ Jul 21 2009, 01:29 PM) Not worth to withdraw cash advance from Credit Card.... the interest will eat into your profit and turn it into loss Is that really so high the interest rate ???  , sometime happened on me and I don''t wanna go to loan shark so have to depend on bank ... |
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WhiteWing
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Jul 21 2009, 02:32 PM
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Ohh ok ... withdraw alr then straight charge me 18%. That mean RM180 x 2 will be RM360 ... omg ... ..
Well,thanks for your help winner ..
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WhiteWing
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Jul 24 2009, 05:57 PM
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Guys,I got something wanna ask.
Last few days ago I did a cash advance withdraw @ RM 1,000. Then on last wednesday I asked for balance transfer @ RM 1,500. This 2 money also from 1 card. I wanna know,if I pay RM500,the money will go to cash advance there or balance transfer there ?
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WhiteWing
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Jul 29 2009, 05:34 PM
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QUOTE(Dannyl @ Jul 29 2009, 05:18 PM) Guys, those merchants who direct the credit card surcharge to the customers instead of absorbing them, anywhere to report them? BTW, how much is the charges? 2%? 3%? No way you can report them since they already inform you that you have to pay 2% or 3% surchage. If you don't agree,no way they can swap your card and once you agree,no other thing you can do already. Cheers ~ |
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WhiteWing
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Jul 31 2009, 04:44 PM
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W00t ... mine is 3 woh ... under exposed too .. weee ~
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WhiteWing
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Jul 31 2009, 07:23 PM
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QUOTE(ronnie @ Jul 31 2009, 06:54 PM) Are Hong Leong's CC free for life without needing to swipe X times ? Hong Leong's CC mention is free for life but behind put need to swipe 2 times per months ... KNn them but lucky I pump petrol using their card .. 1 months I pump petrol 2 times at petrol station so kao tim the condition  |
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WhiteWing
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Aug 1 2009, 11:44 AM
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QUOTE(muscaa @ Aug 1 2009, 09:11 AM) just wanna remind all CIMB & DA mastercard holders: today is 1st of the month so you can get 5% rebate on petrol also 5% rebate on spending at Tesco & Giant (pls correct me if i'm wrong) I just pump full tank petrol on last Tuesday , cannot enjoy that 5% ~ |
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WhiteWing
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Aug 8 2009, 06:56 PM
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Last 3 months I got a HLBB CC and they mention need to swipe 2 times per months to entitle free annual fee.so that mean they are cheating us ?
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WhiteWing
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Aug 9 2009, 08:28 PM
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Use it to pump petrol la xD
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WhiteWing
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Aug 16 2009, 11:58 AM
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I wanna apply another credit card but I think I want to apply from HSBC and CitiBank,will their chance to approve me will be very low ? |
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WhiteWing
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Aug 16 2009, 06:17 PM
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QUOTE(OldKidz @ Aug 16 2009, 03:03 PM) From wat i know, its hard to get HSBC and CitiBank CC. The fastest way i had been told need a yr of local CC card holder wif clear record, thn straight u can apply for HSBC and CitiBank CC after tat... If my info isnt correct, pls correct me. Thanks. Cause am not really sure bout it also. Hehe.... tomorrow I go HSBC tower and try .. I think the salesman there will be happy to serve me QUOTE(MilesAndMore @ Aug 16 2009, 05:51 PM) Always worth a try mate ! Okie |
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WhiteWing
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Aug 18 2009, 11:17 PM
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Wahaha .. I received a 2 call from Citibank Agent,too bad , both of them don't wanna layan me because my basic salary not meet their requirement. So sad,gonna go HSBC tower and ask then ~
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WhiteWing
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Aug 19 2009, 12:58 AM
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QUOTE(MilesAndMore @ Aug 19 2009, 12:31 AM) Huh ? Your annual gross salary is less than RM18,000 ? Then you are not qualified for HSBC classic credit card either. In fact, if your annual gross salary is less than RM18,000, then you are not qualified for any credit card in Malaysia. The other way to get a credit card is to pledge by Time Deposit (Fixed Deposit - FD). Among the banks that offer this are : - Public Bank (RM10,000 of TD will get RM10,000 of CL) - AmBank (RM10,000 of TD will get RM10,000 of CL) - HSBC (RM10,000 of TD will get only RM8,000 of CL) I think you can also try with RM5000 with local banks. Well,my gross salary is more than RM 18,000. If not I won't be holding 3 credit card for 2 bank now. I'm holding 1 CIMB Classic CC and 1 CIMB Petronoas CC and 1 Hong Leong Bank CC. But those sales girl look like don't like me. Say the citibank need ppl basic income around RM 1,500. Last time the HOng Leong Bank staff also told me the same thing but I straight went to the HQ and do it. Wahah .. it done .. Think I have to go Citibank HQ to have a look if I really want their card This post has been edited by WhiteWing: Aug 19 2009, 12:58 AM |
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WhiteWing
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Aug 19 2009, 03:04 AM
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Added on August 19, 2009, 3:04 amQUOTE(MilesAndMore @ Aug 19 2009, 01:53 AM) Wah !! You have a lot of plastics !! Why do you need more, if you don't mind me asking ?  Yeah. Just try it at their HQ if you really want their credit card. Hehe ... Because I am the eldest son in my family and if anything wrong,I cannot afford to lend money from ahlong,so I think better that I owe bank rather than ahlong so I better get money from bank. I will , hehe .. HSBC tower just infront my office .. wee xD This post has been edited by WhiteWing: Aug 19 2009, 03:04 AM |
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WhiteWing
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Aug 19 2009, 06:36 PM
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QUOTE(Dannyl @ Aug 19 2009, 07:48 AM) Why not you call banks directly to apply? Don't know about other banks, but Standard Chartered sent their boy to pick up my docs and let me sign the forms. I never had to step out of the office. Yeah .. I think citibank they don't want me alr since they got my record ... haha , I will go direct to HSBC tower when my off day ~ QUOTE(zenquix @ Aug 19 2009, 07:55 AM) true. agents usually do not want to take up such cases as they want commission and any borderline cases may = work for no commission. going directly to the bank = service + additional income so no harm doing. OHh .. |
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WhiteWing
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Aug 27 2009, 06:29 PM
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I settle my cash advance... I withdraw RM1k then I know I will kena charge for RM50 and after I paid RM 1,050. I received a statement that I still have to pay another RM 2.5 for cash advance fee ... wat is this ?  |
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WhiteWing
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Aug 27 2009, 07:42 PM
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QUOTE(hye @ Aug 27 2009, 07:07 PM) Interest is calculated on a daily rest. Means the interest is still running from the point your statement is being generated to the point that you paid. Even a lapse of 1 day is also counted. That's why all the folks here say to avoid cash advance at all cost. Too many hidden T&C and the interest calculation method favors the bank ... the consumer is the sucker. Period. Maybe the regular folks here said it too nicely so people thinks it is not a big problem to just take up a cash advance ... sigh. Mean they charge me 4 days interest .... I cash advance on 20th then I settle it on 24th ... cis !! Sudah kena RM 2.50... sigh .... dun wanna take cash advance anymore ! |
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WhiteWing
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Aug 28 2009, 02:08 PM
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QUOTE(MilesAndMore @ Aug 27 2009, 08:34 PM) I think you've been advised against the idea to withdraw cash advance using your credit card a few weeks ago, right ? Yeah .. hehe .. thanks ! QUOTE(vin_ann @ Aug 27 2009, 10:31 PM) Dear all DA card user please take note, petrol ROM 97 will be revised to RM2.00 on 12.00am 1st Sept 09. (asked BHP petrol station staff yesterday) so forget about 5% cash rebate, pump full tank of ur last cheap RM1.80 RON97 before 1st Sept 09. thanks you. Thank vin_ann,I gonna go pump my last cheap of v-power also on 31st August xD |
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