Credit Card v11

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Credit Card v11

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roy918	Aug 22 2010, 08:27 PM Return to original view \| Post #1
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(aeiou228 @ Aug 22 2010, 07:56 PM) 0% EPP CC payment requires different operating procedures on the CC terminal and the merchant must be equipped with terminal supplied by CIMB. ( That's the reason why you'll see Harvey Norman, Senq, Courts etc have so many terminals on it's cashier's counter) If it is a normal credit card payment transaction, CIMB is absorbing the interest cost by paying the the insurance company's banker in full after deducting the shared standard merchant discount rate and on the other hang allowing its own card member to pay by 12 interest free monthly installments ? I believe CIMB/DA smart flexi plan is not equal to the 0% EPP. A person has to call/sms to convert the transaction (insurance/education/hospital) to 10 months interest-free installment after the transaction posted. The full amount of the transaction is billed but later on got offset (debit) by the same amount after the conversion. The transaction doesn't need special terminal like EPP needed. CIMB is absorbing the potential return from smart flexi plan but they are "hoping" a credit card user not able to settle monthly installment in full.
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roy918	Aug 26 2010, 12:57 AM Return to original view \| Post #2
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(maru @ Aug 26 2010, 12:12 AM) » Click to show Spoiler - click again to hide... « first year u use ur credit card....interest 17.5% 2nd year if u good pay master 16% so 3rd year onwards 13.5% You are wrong man. Tier 1: 13.5% if made minimum payment promptly for 12 consecutive months Tier 2: 16.5% if made minimum payment promptly at least 10 times in 12 months cycle. Tier 3: 17.5% if not in tier 1 and 2
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roy918	Aug 26 2010, 04:52 PM Return to original view \| Post #3
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(cruel_boy @ Aug 26 2010, 04:38 PM) how to calculate repayment for cash advance? say the bank charge 18%p.a. for cash advance, if i take 3000 out, how should i calculate the interests? is that excluding the 17.5% finance charges? cash advancement fee RM3000 x 5% = RM150. finance charges at 17.5% calculated starting from the day you did cash advancement until full settlement.
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roy918	Sep 18 2010, 11:23 PM Return to original view \| Post #4
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(MilesAndMore @ Aug 30 2009, 05:11 PM) Yes. Exactly what i meant earlier. Just that in Sabah, TNB is known as SESB (Sabah Electricity Sdn Bhd) while Indah Water is known as Jabatan Air Sabah. Both accept credit card payment over M2U. I've been using my mom's CIMB Bank Mastercard to pay for those bills via her M2U account since last year. Sabah Electricity only started to accept credit card payment over M2U since February or March this year. As for Jabatan Air Sabah and Telekom Malaysia Berhad, they have started accepting credit card (as well as other banks' credit card) since last year. However, Telekom Malaysia Berhad accepts only VISA over M2U Luckilly there is still TM ONLINE By the way, for our TM bill, we should choose Telekom Malaysia Berhad instead of TM Net Berhad on M2U or any other banks' online banking portal. Yes. You can. Hi MilesAndMore, sorry for digging very old post in Credit Card Thread V7 where you mentioned you have done bill payments using other bank's credit card via M2U. Somehow M2U website stated doesn't accept other bank's credit card for TNB and TM bill payment. So can you please confirm this? This post has been edited by roy918: Sep 18 2010, 11:24 PM
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roy918	Sep 26 2010, 06:02 PM Return to original view \| Post #5
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(ck3lam @ Sep 26 2010, 04:49 PM) After I re-re-recheck with a few CS, looks like OCBC Ti doesn't seems as good as it is. » Click to show Spoiler - click again to hide... « Some Auto debit will have a different MCC, so it is not guaranteed that you will get the 5%. Swiping through merchant terminal is 100%. However, according to CS, so far there is no problem with utilities bills via autopay but there are exception. Some online payment may have different MCC. For petrol station, 5% rebate only applicable for petrol and not purchase made at the corresponding shop/mart. For groceries, so far only Giant is confirmed. Others like Tesco, Jusco, C4 may consider under departmental store MCC. You may not guaranteed to get rebate from it. The CS told me to try on these shops, and you will know from the next statement. For dining, only restaurant (most of it) are eligible. But you will not get 5% rebate for cafe like Starbucks, coffee bean and so on. For those who are getting the first statement this month, do share with us which merchant is entitled for 5%. All I can say is Good Luck everyone! Do you think how many CS know what MCC being assigned to merchants? And there is no way for credit card user to get this information on receipt. Starbuck and coffee bean should be categorize under MCC 5813. Payment with OCBC Titanium should get 5% rebate. 5% rebate for dining is not only for restaurant but any transaction with MCC 5811 (caterers), 5812 (eating places or restaurant), 5813 (drinking places) or 5814 (fast food restaurants). From this list of MCC (here), MCC 5813 (drinking places) includes alcoholic beverages, bars taverns, cocktail lounges, nightclubs, discotheques. This post has been edited by roy918: Sep 26 2010, 06:07 PM
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roy918	Sep 26 2010, 11:54 PM Return to original view \| Post #6
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(ck3lam @ Sep 26 2010, 11:18 PM) Someone has to try it. But if you do auto billing, you got discount from TM. Assuming u spent RM100 monthly, online payment will only give you RM5 rebate if MCC is correct. Auto billing will give you RM9 (RM4+5%) if MCC is correct. Same as postpaid bill (like digi) which will give u RM5 rebate for auto billing. You will not get any rebate for TM auto billing with OCBC Titanium card. RM2 rebate only for VISA card.
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roy918	Sep 27 2010, 12:06 AM Return to original view \| Post #7
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(jack2 @ Sep 26 2010, 11:56 PM) Wonder where you heard about this. http://202.71.108.103/customer-care/bill-payment/autopay.asp Jack, RM2 rebate for TM auto billing with Mastercard ended last year (31st Oct 2009). Just went to TM Point last Saturday to enroll auto billing but was told only VISA gets RM2 rebate. The brochure mentioned the promotion only applicable to VISA card and the promotion will ends this month. May be I'm wrong. Here you go: http://www.tm.com.my/about-tm/PromotionsNH...isaautopay.aspx Do note the T&C and online form link are screwed up. This post has been edited by roy918: Sep 27 2010, 12:19 AM
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roy918	Sep 27 2010, 01:36 PM Return to original view \| Post #8
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(mugenz @ Sep 27 2010, 12:40 PM) My CImb Mastercard has it, u can buy 1st, then make a call to the card centre tell them your transaction it can be done. u need check the webby, for the terms and condition. 0% installment is not applicable to everything you buy. Smart Flexi-Pay Plan offers 0% installment for insurance, education and hospital transactions only. While Smart i-Pay Plan charging 2%/4%/5% for any other transactions that converted to installment.
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roy918	Oct 6 2010, 02:08 PM Return to original view \| Post #9
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(ronnie @ Oct 6 2010, 01:57 PM) Logon to your Internet Banking... they just added new payees to their existing list... Good news to OCBC Titanium CC holders. More reasons to get the OCBC Titanium Mastercard... GO...GO..GO This is indeed a very good promotion and for OCBC to enable bill payment using credit card But too bad for those registered auto-billing.
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roy918	Oct 6 2010, 02:52 PM Return to original view \| Post #10
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(ronnie @ Oct 6 2010, 02:36 PM) Best way to enjoy fully the 3%+5% rebate is by paying RM2000 per month in utilities, if you are cash rich ;-) For Oct, Nov Dec 2010 5% of RM2000 x 3 months = RM300 (rebate cap until end of 2010) 3% of RM2000 x 3 months = RM180 Thus, you pay RM6000 and get back RM480 of free utilities ;-) After payment then balance transfer to CIMB. It will be like paying your "bill" every month but to CIMB. Joking only.
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roy918	Oct 6 2010, 06:27 PM Return to original view \| Post #11
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(ck3lam @ Oct 6 2010, 05:24 PM) Are you sure you will get RM480 for 3 months? From what I know, maximum cap per month is still RM100, which will be RM300 for 3 months. Assuming you use it for utility bill payment, you will only need to spend RM1250 instead of RM2000 to get RM100 rebate. RM1250 x 8% = RM100. That means you pay RM3750 instead of RM6000 to get RM300 rebate. The 8% rebate for online bill payment is consist of OCBC Titanium credit card 5% rebate + 3% rebate for online bill payment promotion. 5% rebate max limit - RM100 per month until year end 3% rebate max limit - RM200 for whole campaign So you need RM2000 bill payment to max out 5% limit. FYI, online bill payment using saving/current account gets only 3% rebate (not 8% rebate).
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roy918	Oct 6 2010, 07:24 PM Return to original view \| Post #12
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(travelyew @ Oct 6 2010, 07:13 PM) Auto-billing by OCBC titanium won't get 3% cash back??? I just registered for OCBC paymaster Do read the T&C here. Only online bill payment get extra 3% rebate but you can do what was suggested here by doing advance payment in e-banking.
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roy918	Oct 7 2010, 01:33 PM Return to original view \| Post #13
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(samquah @ Oct 7 2010, 01:20 PM) seems like ocbc titanium is only approved if u earn in the region of 3k/annum those earning double or triple will be disapproved? i earn 3 times but disapproved Earning RM3k/annum won't get any credit card.
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roy918	Oct 7 2010, 09:19 PM Return to original view \| Post #14
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(MilesAndMore @ Oct 7 2010, 10:49 AM) Yes. It is very easy. Just make sure you have your TM bill because you'll need this when setting up your account online. I'm on the RM110/month Blockbuster package by the way that gives me unlimited free calls within Malaysia and unlimited free usage of internet (speed = 1mbps). Definitely much cheaper than last time Anyway, i plan to sign up for auto-billing at TM Point later this afternoon because of the RM2/month rebate MilesAndMore, do you manage to subscribe auto-billing with RM2 rebate today?
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roy918	Oct 7 2010, 11:06 PM Return to original view \| Post #15
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(MilesAndMore @ Oct 7 2010, 10:37 PM) Yes. I did. Just fill in the form and hand it to the guy at the front counter. He told me their guys at the accounting department will process it by today. Do you confirm with the guy that RM2 rebate still applicable for auto-billing? I tried to enrolled last 2 weeks but was told only VISA credit card gets RM2 rebate (not sure if the gal referring to the on-going VISA promotion).
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roy918	Oct 12 2010, 11:30 AM Return to original view \| Post #16
On my way Senior Member 558 posts Joined: Jan 2003 From: HELL	QUOTE(stacko @ Oct 12 2010, 11:10 AM) Both the 5% & 1% rebates for my statement from 11 Sep to 11 Oct 2010 are less than my own calculations. All expenses like petrol, Giant, Tesco and Carrefour get 5% as expected, but looks like TMOnline bill payment and Jusco 1Utama Supermarket only get 1%. As for 1% rebates, I was only given max RM20 although I should get more than RM20 since my transactions were incurred in September & October. I will write an email and see whether I can get some explanations. So, it is confirmed TMOnline bill payment doesn't entitle to 5% rebate?
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