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 Credit Card v12, Credit card GST remains....

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Assclown
post Dec 3 2010, 11:05 PM

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QUOTE
4. Standard financial charge (interest rate)
Tier 1 > 13.5% p.a.
Tier 2 > 16% p.a.
Tier 3 > 17.5% p.a.

Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.



1.What does tier 1,2,3 mean?

2. Cash advance: 18% p.a from the date of withdrawal. Date of withdrawal meaning the interest rate starts from the day we purchase something?

Assclown
post Dec 3 2010, 11:18 PM

On my way
****
Senior Member
649 posts

Joined: Feb 2007
QUOTE(johnnyc @ Dec 3 2010, 11:14 PM)
1. Multi tier interest to reward prompt and on -time payer, no matter whether is minimum payment or pay in full. Payment record upon on 12 month basis,

Read this HSBC example , http://www.hsbc.com.my/1/2/personal-bankin...rd-fees-charges

2. Withdrawal Cash in ATM machine with your credit card, not retail transaction
*
is interest rate calculated right after you make a purchase or a interest-free period is given?

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