Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards CIMB Bank Credit Cards V1
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 Mar 26 2012, 03:25 PM
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#1
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Senior Member
5,379 posts Joined: Jul 2009  
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CIMB/DA is offering the retail purchase instalment. with the following interest rate:-
a) 10 months instalment -4% b) 20 months - 6% c) 30 months - 7% the interest need to be paid upfront on the 1st month, for 30 months min amount will be RM3000. If i opt for the 30 months instalment, anyone know how to calculate annualised interest??? |
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Mar 29 2012, 10:46 AM
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#2
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(profdrahhen @ Mar 29 2012, 09:47 AM) Amount x 7% (if op for 30 months) + amount / 30 = need to pay during 1st month or statement date the calculation of instalment amount is easier. Just do not know how to derive the interest rate in %, if we annualise it.2nd-30th month = amount / 30  Someone has given me the website online calculator but it doesnt help. |
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Apr 1 2012, 10:47 AM
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#3
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(tiramisu83 @ Apr 1 2012, 12:47 AM) I think everything should have it's end Agree. This offer already last for a year,I think they have done it's best  Our household debt is increasing till alarming. BT is believed to be fuel up the household debt. CIMB as top 3 banks and government link need to take part in curbing this problem |
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Nov 13 2012, 11:12 AM
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#4
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(ronnie @ Nov 8 2012, 10:20 PM) Replacement Card for my DirectAccess arrived via normal mail.... took approx 4 days. i tot once DA card expired, it will be changed to CIMB Brand name st8 away? |
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Nov 13 2012, 11:26 AM
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#5
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Senior Member
5,379 posts Joined: Jul 2009
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i agree CIMB/DA cards are less attractive now, the reason i keep it is it offers highest credit limit among all my cards.
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