This post has been edited by ammeltz.yokoyoko: Aug 31 2010, 03:48 PM
Credit Card v11
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 Aug 31 2010, 03:47 PM
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Junior Member
9 posts Joined: Oct 2009 
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Hi, could anybody guide me on how banks calculate their interest on credit card outstanding payment? A close friend of mine is owing UOB around RM12k and he's being charged around RM190 for the interest alone monthly and it keep increasing. So can anybody guide me on how exactly bank calculate their interest. Thank you in advance.
This post has been edited by ammeltz.yokoyoko: Aug 31 2010, 03:48 PM |
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Aug 31 2010, 04:34 PM
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Senior Member
913 posts Joined: Feb 2005 From: Ampang, Kuala Lumpur, Seremban...   
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QUOTE(ammeltz.yokoyoko @ Aug 31 2010, 03:47 PM) Hi, could anybody guide me on how banks calculate their interest on credit card outstanding payment? A close friend of mine is owing UOB around RM12k and he's being charged around RM190 for the interest alone monthly and it keep increasing. So can anybody guide me on how exactly bank calculate their interest. Thank you in advance. (17.5 * 30/365)% * 12000 plus probably late payment charges for nt settling minimum monthly amount which shud be 5% correct? |
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Aug 31 2010, 08:05 PM
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Junior Member
126 posts Joined: Mar 2010
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Anyone with the Standard Chartered Priority Banking Visa Infinite successfully apply for the Preferred Banking World Mastercard?
I check with my RM but he had no idea, call their CS also same. They claim that the product is too new and the product guideline is yet to be ready.  This post has been edited by JJBerry: Aug 31 2010, 08:06 PM |
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Aug 31 2010, 08:33 PM
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Junior Member
232 posts Joined: Jul 2009
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QUOTE(JJBerry @ Aug 31 2010, 08:05 PM) Anyone with the Standard Chartered Priority Banking Visa Infinite successfully apply for the Preferred Banking World Mastercard? Free upgrade Platinum to Prefer Banking . . . W/o any notice =_=lllI check with my RM but he had no idea, call their CS also same. They claim that the product is too new and the product guideline is yet to be ready. |
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Aug 31 2010, 09:13 PM
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Senior Member
4,094 posts Joined: Jan 2003 From: USJ
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QUOTE(yuunasue @ Aug 31 2010, 08:33 PM) Free upgrade Platinum to Prefer Banking . . . W/o any notice =_=lll no monthly service fees? |
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Aug 31 2010, 09:45 PM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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To MilesAndMore or David:
I remember someone asking which card allows it holder access to airport lounges worldwide but did a search here and the older thread but nothing. Can you please post this info in the first page so no need ask all the time. Alliance - access to KLIA no limit. Citibank Premier Miles - worldwide airport lounge twice a year (saw thier website need to apply before hand). |
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Aug 31 2010, 09:48 PM
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Senior Member
2,552 posts Joined: Jan 2008
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QUOTE(Gen-X @ Aug 31 2010, 09:45 PM) To MilesAndMore or David: I remember someone asking which card allows it holder access to airport lounges worldwide but did a search here and the older thread but nothing. Can you please post this info in the first page so no need ask all the time. Alliance Plat - access to KLIA no limit. Citibank Premier Miles - worldwide airport lounge twice a year (saw thier website need to apply before hand). Citibank Plat - access to KLIA no limit (*may actually have a limit of 12 times a year). |
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Aug 31 2010, 10:31 PM
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Moderator
9,301 posts Joined: Mar 2008
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QUOTE(Gen-X @ Aug 31 2010, 09:45 PM) To MilesAndMore or David: It's David's duty now I remember someone asking which card allows it holder access to airport lounges worldwide but did a search here and the older thread but nothing. Can you please post this info in the first page so no need ask all the time. Alliance - access to KLIA no limit. Citibank Premier Miles - worldwide airport lounge twice a year (saw thier website need to apply before hand).  |
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Aug 31 2010, 11:03 PM
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Junior Member
5 posts Joined: May 2010
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Dear all, just want to ask that I am a new subscriber for CIMB gold card
http://www.cimbbank.com.my/index.php?ch=cb...2&tpt=cimb_bank So I need to pay RM140 for every year for the annual fees? Thank you. |
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Aug 31 2010, 11:10 PM
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Senior Member
2,552 posts Joined: Jan 2008
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QUOTE(flyflyaway @ Aug 31 2010, 11:03 PM) Dear all, just want to ask that I am a new subscriber for CIMB gold card CIMB cards are free for life (as of now anyway)http://www.cimbbank.com.my/index.php?ch=cb...2&tpt=cimb_bank So I need to pay RM140 for every year for the annual fees? Thank you. |
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Aug 31 2010, 11:23 PM
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Junior Member
5 posts Joined: May 2010
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icic
thanks for the reply because i saw this in fees and charges tab Principal - Platinum Free For Life - Gold RM140 - Classic RM70 |
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Aug 31 2010, 11:29 PM
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Senior Member
2,552 posts Joined: Jan 2008
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yeah, but benefits states the free for life part. The fees and charges is likely required by Bank Negara to be published (if the the FOL offer is revoked)
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Aug 31 2010, 11:53 PM
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Junior Member
5 posts Joined: May 2010
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icic
thanks for the reply ^^ |
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Sep 1 2010, 12:31 AM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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QUOTE(MilesAndMore @ Aug 31 2010, 10:31 PM) It's David's duty now haha, anyway do you know which card issued in Malaysia allows one access to airport lounges worldwide? |
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Sep 1 2010, 12:37 AM
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Moderator
9,301 posts Joined: Mar 2008
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QUOTE(Gen-X @ Sep 1 2010, 12:31 AM) haha, anyway do you know which card issued in Malaysia allows one access to airport lounges worldwide? No. Not a clue  |
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Sep 1 2010, 04:09 AM
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Senior Member
2,552 posts Joined: Jan 2008
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worldwide? wouldn't that be cards with priority pass? Think RHB VI right?
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Sep 1 2010, 07:50 AM
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Junior Member
5 posts Joined: May 2010
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Dear all,
i want to activate my new card via sms But it ask me key in cardact may i know what is cardact? thank you |
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Sep 1 2010, 07:57 AM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(flyflyaway @ Sep 1 2010, 07:50 AM) Dear all, card account number?i want to activate my new card via sms But it ask me key in cardact may i know what is cardact? thank you |
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Sep 1 2010, 08:08 AM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(Gen-X @ Aug 31 2010, 09:45 PM) To MilesAndMore or David: I remember someone asking which card allows it holder access to airport lounges worldwide but did a search here and the older thread but nothing. Can you please post this info in the first page so no need ask all the time. Alliance - access to KLIA no limit. Citibank Premier Miles - worldwide airport lounge twice a year (saw thier website need to apply before hand). QUOTE(zenquix @ Aug 31 2010, 09:48 PM) QUOTE(MilesAndMore @ Aug 31 2010, 10:31 PM) It's David's duty now QUOTE(Gen-X @ Sep 1 2010, 12:31 AM) haha, anyway do you know which card issued in Malaysia allows one access to airport lounges worldwide? Posted to the 1st page. |
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Sep 1 2010, 09:29 AM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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QUOTE(zenquix @ Sep 1 2010, 04:09 AM) worldwide? wouldn't that be cards with priority pass? Think RHB VI right? anyone can confirm this for RHB VI?how about HSBC Premier MC? how about SCB VI? |
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