Thanks for the prompt reply.

5% OR RM50 whichever is higher?

You mean just settle the amount based on the above on 31-oct and 30-nov and
settle the total accumulated amount on the 31-dec without any interest and late charges incurred?

example:
oct spending rm2000, pay 5%*2000=rm100 on 31-oct
nov spending rm4000, pay 5%*(2000-100+4000)=RM295 on 30-nov
dec spending rm3000, pay (2000-100+4000-295+3000)=rm8605 on 31-dec

Is this way to calculate?

CIMB Petronas MasterCard

Just submit 3 form for the sales girl there .... Standard Chartered,AmBank and MBF ~ I know 3 of the bank will fail me because my friend work in BNM told me that I am high risk profile player ~ I got the freegift alr happy .. got umbrella,stainless steel drinking bottle,ambank travel kits,torch light .. happy alr

CIMB VI as well

Looks like CC is not affected by budget 2011.

Your calculation is good but you can't use your credit card from Jan 1st to your statement date.
Or else interest will be changed on your transaction (from Jan 1st to statement date) as you are not entitle to 20-days interest free period (since your previous month outstanding balance is not zero).

This post has been edited by roy918: Oct 15 2010, 06:01 PM

budget no news on credit card??

No new announcement on cc at all. The service tax of RM50 for principal card and RM25 for supplementary card stays put. No restriction on number of CCs that can be held by an individual.

Hi,
I got a some question about Credit Card.
Let say if i want to buy a laptop using flexi payment installment plan, do i need to make sure my account balance to be enough for the purchase? will it be the Current account or Personal Account?

GTS still going on until further notice on Budget 2012

just updated the description of the topic, hopefully less ppl ask about it

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Added on October 15, 2010, 6:23 pmyou just need to make sure your available credit limit is enough for the full laptop purchase price
credit card is not tie to your current or savings account

This post has been edited by alexwsk: Oct 15 2010, 06:23 PM

No good news from budget on credit card

This card and CIMB Visa is 0.5% cash rebate for all transactions?

Yes. The CIMB VISA Infinite will give you 1% for all transactions transacted in foreign currency.

Visa Infinite? Not normal CIMB Visa Card? My income not so high yet...

Then you can always apply for the CIMB Petronas MasterCard. You can still apply for this card even if you already hold their regular MasterCard.

It is 0.5% cash rebate for all transactions rite? Will this card enjoy all the MasterCard promotion as well?

Thanks for the info, when does the balance reset? early of every month?

I made a redemption request to SCB for Samsonite X Blade on Tuesday for only 54,000 choice points. And today, I've received the trolley luggage via courier. It's super efficient.

Thanks Roy918.
So for the period of 12-12-2010 to 11-1-2011(statement date) as long as I dont do any transaction btw 1-1-2011 to 11-1-2011, I do not to need to incur any interest and charges or late fees.