QUOTE(princess_autumn87 @ Jan 4 2010, 03:41 PM)
jst a mini update of my past enquiry of installment payment of credit card debt.
my sister wrote in letter and request of balance isntallment payment without incurring any interest. jst after 2 days and got the call from mbb that the plan approved and able to repay in 3mths time. however, the usage will be ceased for 3mths during the repayment. the card will back to normal after payment done within 3mths
Just want to ask here as I'm also facing the similar situationmy sister wrote in letter and request of balance isntallment payment without incurring any interest. jst after 2 days and got the call from mbb that the plan approved and able to repay in 3mths time. however, the usage will be ceased for 3mths during the repayment. the card will back to normal after payment done within 3mths
Is that mean if I charge RM3k for installment of 6 month on my 4k cc on Jan 2010,
1) Jan charged RM3k, i left RM 1k credit limit
2) Feb pay the 1st installment RM500, i still left RM 1k credit limit (not RM1.5k or RM4k)
3) March pay 2nd installment of RM 500, i still left Rm 1k credit limit, bla bla bla same for the following months
4) Last month July, I pay the last RM 500, then I have my credit limit back to RM4k
Is my calculation above correct? Or the bank using other formula?
Please help, thank you.
Jan 4 2010, 04:14 PM

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