interested to know too

Minimum payment is 5% of the outstanding amount or RM 50 min whichever higher.

Late payment is 1% of the minimum payment amount or RM 5 min or RM 50 max.

I think is like this.

I quoted that from MBB statement:

[attachmentid=2373333]

I'm pretty sure that the first statement is RM 25 not RM 50 because my Visa is just charged for RM 25 for min payment.

As for the 2nd statement, I'm not sure of the max cap.

For #1, you are right. Just checked my statement. RM 25. However, OCBC and PBB min payment is RM 50 or 5% whichever higher. I thought it was a standard practice across the banks.


As for #2,

Late Payment

1.00% of total balance outstanding as at statement date or a minimum of RM5, whichever is higher (Maximum: RM50)

When go to petrol station need to go cashier or can just insert the card there ?

If you talking about Maybankard 2 Card American Express, yes definitely better than almost all card in terms of 5X TP for any transaction BUT the merchant got to accept AMEX Citibank recently got many merchants offering discount too. Each card got its own benefit, that's why I have many, hahaha

If the terminal got slot for CC, then no need go to cashier. Just follow instructions.

This post has been edited by Gen-X: Aug 7 2011, 06:52 PM

If I pay my TNB and Unifi bill through M2U by using my AMEX will i get the 5X TP and rebate?

For TNB, M2U only accepts Visa/Mastercard.

Only tm point accepts Amex for unifi bill. Even Amex autopay doesn't accept unifi.

i spent near to rm50k oso inlegible to get

Interest is on daily basis however on how it's calculated depends on the exact scenario. For your example, as long as you pay all of the statement balance amount before the next statement, interest will be calculated up to the date when you settle the statement balance in full. In this case, you will still get to enjoy interest-free transactions on your next statement date and only pay a small amount in interest.

If you do not settle the statement balance in full after the next statement date, you lose interest-free benefit and will need to pay interest on the remainder of the carry forward balance plus all new transactions made until statement date up to the due date.

I think I spent at least RM100k during the contest period. Two round trip air tickets to London and some domestic flight to Poland, Czech, Slovekia, etc . Few weeks hotel/apartment bill in Europe. Basically I worked like shit during that period...

---

Added on August 7, 2011, 11:03 pmDecided to give away as a birthday gift to my only cousin who doesn't have a Ipad

This post has been edited by tanch78: Aug 7 2011, 11:03 PM

The shit work earned you a Samsung Galaxy Tab

One thing I dislike about MBB2 Amex is the transaction for oversea payment will take a longer time to appear in my statement as compared to other credit card provider. As I am using my card statement for claim reimbursement.

I had a very bad experience the trasactiion shown after 2 months delay. Before that, I called the customer service but they said no such captured in their computer.

with 100k! spending i dont blame you for asking a faster reimbursement from your company!! hahaha

muz be plenty of TP inside ur cc

let say if we clear off the minimum payment paying the rm25, will we still be charged for 1% interest for the remaining balance daily?

Of course the remaining unpaid balance will be charged interest or else everyone will just be paying the minimum.

Do u guys really see interest charged on your statement??
Seriously i dont see any interest charged despite i still owe about 5K, but usually i pay more than minimum amount.

yea that's the reason y i asked.
bcos i cant seem to see any interest charged tho i owe bout 1k plus