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?

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

[quote=MilesAndMore,Oct 15 2010, 11:26 PM]
available balance should be calculated daily, it's
your total credit limit - all your outstanding balance (posted and non posted transactions)
[/quote]
Certain banks will only release the total hold amount until you have fully paid up the installment.

[/quote]

I am quite noob about these stuff. It's really confusing.....
for example my card limit is 5k. This amount is monthly limit right?

So basically you are saying if i took a installment plan for good purchase which cost RM5k for 12 month, until i finish these installment i will not be able to buy anything else right?

so you have any idea what Maybank does? cause my CC is from Maybank.
i have read somewhere that CC limit is times 2x your income right? but what odd is i have declare my income 8k per month yet they put my limit 5k?

not just declare. I have submitted the documents that is require for Tax. forgot what it's called already. So based on that documents my average monthly income is 8k.

That is the problem, i am not sure why the give the 5k limit. Even my Company current account is with them so they know about everything.

currently i am taking a shop loan around 400k. Could this be the reason?