Credit Card v9, RM50 GST dilemma
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 Feb 2 2010, 12:01 PM
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#1
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Senior Member
737 posts Joined: Jan 2003  
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My expiry date for my HSBC CC is coming up. I'm gonna be b****ing about the RM50 charge and ask to cancel one of my two cards with them.
Hopefully they will offer me a waiver. Has anyone been offered any waivers yet? |
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Feb 7 2010, 10:58 AM
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#2
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(CrossFirE @ Feb 6 2010, 02:55 PM) icic.. if i got 2k debt in CC, so i need to pay rm 20 only per month?  QUOTE(zenquix @ Feb 7 2010, 10:01 AM) err... more like RM300+ a month in interest not including your principal nono, both of you are mistaken.interest is calculated in a per annum basis. So assuming interest is 12%, then u get 1% a moth. 18% then its 1.5% a month etc. BUT, that is just interest. You still have to pay your principal. If not you will be forever in debt. |
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Feb 7 2010, 11:47 AM
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#3
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(CrossFirE @ Feb 7 2010, 11:37 AM) so that means if i got rm 2k debt in my cc, i have to pay the rm 2k and also rm 20 if the interest is 1.5% per month right? basically speaking, yes. RM30 @ 1.5%. |
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Feb 7 2010, 03:11 PM
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#4
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(gastacopz @ Feb 7 2010, 02:34 PM) 1 Ques... i'd suggest you just clear the RM90. They will charge you late payment charges + interest. So it will come up to like.. maybe 15-20% on the RM90 for your first month.iv got 1.09K outstanding amount on my HSBC CC.. if i only paid 1k, d interest is how much for my balance for my next statement?? |
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Feb 12 2010, 09:45 AM
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#5
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(Aurora Boreali @ Feb 12 2010, 09:41 AM) Hey guys, can anyone help me with the above? you could call the bank and ask whats up. i think the charge should clear up in a week or so if its a hold. |
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Apr 12 2010, 06:25 PM
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#6
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(ghoss @ Apr 12 2010, 06:22 PM) I just got my CIMB card cash advance is probably the most profitable business for the banks.  I think CIMB have higher approval rate compared to others. Anyone have experience with cash advance ?? If I cash advance now and pay when the statement come , how many % I get charged ? Thanks.  |
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Apr 13 2010, 01:08 PM
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#7
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(roy918 @ Apr 13 2010, 01:05 PM) 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 |
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Apr 13 2010, 03:48 PM
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#8
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(roy918 @ Apr 13 2010, 03:12 PM) But u still need to pay for monthly installment? i have the money to pay the instalments from my future income, so basically i'm getting the cash upfront to put into FD.You wouldn't have earn full 2.75% for 1 year FD by doing that. 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. |
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Apr 13 2010, 06:04 PM
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#9
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(hye @ Apr 13 2010, 04:00 PM) 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. Hot chilies are delicious. 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. 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. |
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