Some banks impose a strict rule that any payment amount which is higher than the statement outstanding balance will be deemed extra payment for the existing installment programme. If you pay more and the outstanding installment amount is settled, then early settlement penalty is charged. That’s why some people would rather stop using the card until installment programme has completed.

when u have credit card, look at statement date, due date and statement balance.

i give u my hsbc bill, statement date is 28/12/2010 and due date is 17/01/2011.

so, statement date 28/12/2011 are usually swipes 1 month before (29/11/2010 till 28/12/2010), and i must pay it by 17/01/2011.
my statement balance is rm13,531.96

meanwhile, between 29/12/2010 till today, i already swipe rm3,671.94 (called as current/unbilled/recent transaction).

here, if i want 20 days interest-free period,
i must pay rm13,531.96 (full statement balance) on 17/01/2011!
so my current rm3,671.94 wont be charged with interest ~
this is what its mean with 20 days interest-free period (28/12/2010 - 17/01/2011 wont be charged with interest).

but like Gen-X mentioned, its actually more than 20 days.
let say i swipe rm3,000 on 29/12/2001, it will be billed on 28/01/2011, and i need to pay it on 17/02/2011.
if calculated exactly, its 51 days~

the bank officer should tell u in easy word, which is:
pay statement balance (NOT minimum balance) on due date and u wont be charged with any interest

full statement balance ok! like my statement, must pay exactly 96 cents (at the back) or just pay extra such as rm13,540 (if using CDM).
if i pay rm13,530 and leave even just rm1.96, that rm1.96 and my current rm3,671.94, plus any swipe before 28/1/2011 all will have interest!



This post has been edited by erry-: Jan 12 2011, 05:02 PM

depends on bank, some bank like hsbc, u pay more, it will deduct the installment. some other bank, it will deduct unbilled / recent transaction.

HSBC will deduct the installment, while CIMB & DA will deduct recent transaction and will increased CL.

what stupid system? that is their system, their right
have u fully read their t&c before using installment?

and, why need to pay more than statement balance? usually 'that more' is below rm10 if using CDM?
want to increase CL to swipe again? well, HSBC wont work like that ~

HSBC, if have installment, the best is pay full statement balance. no need to pay for ur unbilled / recent transaction.
paying unbilled transaction wont increase CL. just wait for the next statement.

not all bank. HSBC yes, but DA & CIMB not (refer my reply to PPZ above).

again, if HSBC, yes will deduct the installment.

but CIMB/DA will deduct recent transaction and will increased CL.



This post has been edited by erry-: Jan 12 2011, 08:15 PM

Were u entitled for more than the RM100 + RM20 and got capped or did you use below the amount?

It is already 12-Jan. Hope other OCBC Tit holders can give their feedback on the their rebate amount (RM120 + RM50)?

This post has been edited by zenquix: Jan 12 2011, 04:12 PM

Got only 100 + 20 as well, had exceed the spendings for the 1% in hope for the additional 50 as speculated heh.

Rebate cap is RM100+RM20 and is based on statement month not calendar month.

not RM100+RM20+RM50 as suggested by some.

This post has been edited by MGM: Jan 12 2011, 04:37 PM

As expected. So the first CS feedback I got was correct. Phew.

this is what i understand also at first,
but after talking to that CIMB guy, i became confused dy,
and now everything is clear again, thanks ..

another question,
what if i make an installment plan,
do the finance charges also apply to the installment or not?

ur welcome ~

installment plan amount will be included in the statement balance.
as long as u pay full amount of statement balance by due date, ur installment balance wont be charged with interest

This post has been edited by erry-: Jan 12 2011, 08:22 PM

Public Bank cash rebate for Month 2 - November already in, pls chk
din manage to get full RM100

kei18kun: i did played with that idea too. Part of me want to ignore the payment because i have no intention to pay for the mistake other people made...then again; the other part of me want to just settle the amount...Rm50 only, pay then sleep comfortably...

erry: i have made an appeal. See what happens next. Last time the bank officer did cut the card in front of my eyes. So, i thought ok, it's cancelled. Then, sudenlly in 2010 i received a statement that i have an overdue payment.

lol, same here, get RM25 only. how much u get? why its mention Bonus Month 2, what happen to month 1?

the dilemma, doing the right thing is always hard. Just do it!

This post has been edited by kei18kun: Jan 12 2011, 08:57 PM

Hey Alex,

Is online hotel booking entitle to Public Bank cash rebate? Because i call the CS, they said retail purchase but i didn't ask online purchase...

most probably not. anyone can confirm?

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Added on January 12, 2011, 9:03 pmkena b4 when using mbf card

This post has been edited by kei18kun: Jan 12 2011, 09:03 PM

has anyone here fully settled their Hong Leong Credit card 0% instalment before the period end? ie. fully settled their 36 months 0% instalment on the 2nd year for example.

I have checked with customer svc and they said there is NO penalty for early settlement. Just checking if anyone can confirm cos I plan to cancel the card soon and I still have another year instalment to go.

Thanks in advance for reply.

Hi there, any EON-GSC card holder here?

tried to purchase movie ticket, but don't seems to get the T-Pin to my mobile phone number, how do I activate it?

sorry, its not T-Pin, but OTP (One Time Password)

don't get it still, after login & logout for 2 times from GSC website

This post has been edited by kanethesun: Jan 12 2011, 09:41 PM

It's best if you call their CS.

Normally I get it immediatly after I went to another payment website. So far I don't encounter any problem

maybe the browser? change different browser. happen to me b4. google chrome block mine

month 1 i received RM14, only 2 transactions on the first week, after that din swipe
month 2 i received RM98, transaction after 17/11 no rebate, so cash back finished b4 that date

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Added on January 12, 2011, 10:32 pmmy online bill payment thru pbebanking received rebate

This post has been edited by alexwsk: Jan 12 2011, 10:32 PM