I got this offer too. Mine was 8k. i got 2 months ago. i didn't activagte it. Just let it be. I think the activation deadline is up.

If you foresee don't have enough money to settle in full, then pay the amount you able to re-pay as early as possible after you use it (there is no interest free period for the transaction anymore).

It doesn’t really make sense. His payment due date was 25/01/10. Prior to this due date, he had already made a payment of RM1987 on 7/01/10.

Take another example. Let's say his Statement Date is 5th March and Payment Due Date is 25th March. Over the period of 6th Feb to 5th March, he spends RM5000. His outstanding balance shown in the statement on 5th March is RM5000. On 7th March, he makes a payment of RM4999, with RM1 remains unpaid after the Payment Due Date on 25th March. Does it mean that he will be charged an interest based on the full amount of RM5000? The fact is that he has already paid RM4999.

From my understanding, interest will be charged on RM4999 for 3 days (assuming posting date also on 5th March and partial payment of RM4999 made on 7th March). The remaining RM1 will incur 1 full month interest.

You need to indicate clearly, whether the interest rate is 17.5%, 16% or 13.5%, for accurate answer.

This is closest to the correct answer, although the calculation did not take into account compound interest effect.

Note that typical for Malaysian banks, finance charges is calculated up to the last payment date of the current statement cycle. This avoids a situation whereby even if you pay your outstanding in full, you still owe the bank extra due to the effect of compound interest.

anyone aware of the promotion of maybank amex that have GST subsidize?
with the condition of applying autopay bill? Can anyone give me any details?
my friend told me it happen on the 1 utama maybank kiosk.

Basically you have to register 3 bills (min) for Autopay and with that, you'll be awarded 10k MR. With 10k MR points, you can redeem for GST.

This promo is not application for AMEX Gold CC.

Details: http://www.americanexpress.com.my/amx_info...-OffersServices

This post has been edited by David83: Feb 20 2010, 04:05 PM

thanks, how do you know this is not applicable for AMEX gold? my friend actually convert his charge card to credit card gold just because of this.

I'm not sure if this is been mentioned at that link I attached along but I received physical pamphlet and it stated clearly not applicable to AMEX Gold CC.

AMEX Gold CC offers 5x MR if you sign up for Autopay.

thanks. i will keep u updated once i signup this

By the way, if you read the T&C on the link.

The 3rd point is:

3. Not applicable to Corporate Cards and Gold Credit Card.

So my memory is strong.

My interest rate is 17.5 PA,this case make me very angry,owe them only Rm13,need to pay them Rm22 ! Anyway pay them and cut the card. Alliance bank card user becareful when you cut your card,this case happen when i want to cancel their card.

just out of curiousity, may i know why do you pay RM1987 instead of RM2000?

Actually I believe the interest charged can be easily nulled with a call to their hotline since you are not late on your payment at all. Just short of RM 13 only somemore. Easily countered with an excuse like never receive statement, see the figure wrongly or written the cheque's figure wrongly or something like that. Afterall just a small figure.

In accordance with your above explication, the interest charged for EDDIEVH's case should be based on RM1987, and not RM2000. I have calculated the compound interest @17.5% per annum using spreadsheet, based on an outstanding amount of RM1987 from 11/12/09 (transaction posting date) to 7/01/10 (payment posting date). The compound interest should be RM26.85. This figure has not taken into consideration the interest of the balance RM13 yet to be paid.

Anyway, I guess he can request for waiver of the RM22 interest as he only owes the bank a mere RM13.

helo,

have any1's CC being charged RM50 service charged??

my Direct Access was charged without knowing it or without any1 from bank side to inform!! is this the way DA or other bank charge the CC user?

The service tax is charged on card anniversary. It is already commonly known. Cardholders should be aware of their card anniversary date.

vin_ann, when is your anniversary date?

Because alliance bank cash back is given after next statement,when i issue my chq,i didn't check the statement the statement is at home,i called up automated phone banking to check my outstanding balance. Didn't know the announced amout is less than statement balance due to already included the cash back rebate.