Pbbank has 1.5% for 12 months promo now. Planning to just move some cash into it, and just park my money in FD. It's like a forced savings plan for 1.25%

This post has been edited by elhh82: Apr 13 2010, 01:09 PM

But u still need to pay for monthly installment?
You wouldn't have earn full 2.75% for 1 year FD by doing that.

i have the money to pay the instalments from my future income, so basically i'm getting the cash upfront to put into FD.

but you'd have to be sure about your financial discipline to do this. Coz the banks are basically setting a trap, and waiting for you to fall into it.

Correction ... it is the customer that chooses to fall into the trap. Banks are commercial entities who wants to make money and they are not charities.
You know that chilies are hot but yet you eat them. You want to blame the chili for being hot or yourself for eating it ? Get the equation right bro.

Just look at the amount of 'undesirable' inquiries that we have in this forum alone for BT, cash advance, EZPayments, high CL, upgrade CL, etc .... it's inevitable that consumers fall into the debt trap.

This post has been edited by hye: Apr 13 2010, 04:08 PM

hello......need some advice here.....i want to apply for citibank air asia credit card......any experience using this card......need some nasihat....hehehhe

Hot chilies are delicious.

If you want to play with the devil, just make sure you know the game, that's all i'm saying. There no free lunch, the banks are out to get you, but you can also use them in your favour if you play the game right.

How come citibank stopped giving me my cash back rebates?? has the promotion ended?

Are all cards bonus point will exclude the petrol purchase and utility payment??we only get the bonus point when we purchase at retail??

how do we know what's the merchant category code when we swipe the card?

i ask because PBB cash back requires specific merchant category code to qualify, for example: 5411 & 5422 for Grocery

Nope, some of the cards will even give you 5x of points.

Generally, they will exclude points reward for petrol transaction.

Some cards offer cash rebate to offset this like CIMB DA.

Some cards offer extra points (5x) like AMEX Gold CC and MBB Petronas Visa.

thnks for the reply, and where can i find out for those card that offer extra point for the petrol purchase and utility payment??

AMEX Gold CC will be the best choice.

5x points for petrol, groceries, telco bills (through Autopay).

I found out something today. My DA card didnt have CIMBclicks access and statements are mailed to my parents' house every month. I made a 0% for 6 months with them and whilst writing a cheque for the month of April, I didnt know what the due date was, so I referred to February statement - due date was 6th March 2010.

I assumed the Apr due date is 6th April 2010 so I wrote a check for the 4th of April. I banked it in and lo and behold, the due date was actually 3rd of April ......

I was quite sad cause I was about to pay 1% penalty which is almost RM100 . I signed up for CIMBclicks access immediately and my April statement just came out - I didnt get charged anything for paying late ....

..... yay?!

@Syd G. Perhaps you got lucky. I read somewhere, there's a few days of grace after the due date where you won't get hit by the penalty.

Still ... let's not do it again. I know I'll get upset too with the penalties.

No sir I wont. I was thinking that ~RM100 could be used to pay someone to wash my car almost 30 times ....dem rugi

3 more months and we'll be totally debt free except for the mortgage

i have another question, hsbc call and tell me i had free for life annual fee but there are not sending in black and white, how do i know its for real or they just bsing?

Simple ... no B&W, they can say anything. As far as I know HSBC got no such thing as 'guaranteed' (using DA as the benchmark) Free For Life - if got means, you need to call in every year.

You are lucky in this case.
You cannot simply assume old due date as next statement due date. It is more accurate to calculate yourself since we all getting 20 days after statement date to pay.
So assuming your statement date is 14th every month, due date for Feb statement is March 6th (due to 28 days in Feb) and due date for March statement is April 3rd.

Your amount due more than RM10k?

8.9k . Someone in the family owed us money to buy stuff on CC and pay within 4 months, so we put on BT to not have him pay interest. Our own BT around 2k onli