now need someone to confirm whether can get more than RM50 for cases like that

but amex has quite a high exchange rate compared to visa/master cc
so really i reckon using visa/master is stil better than amex what do u all think?

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Added on September 2, 2011, 7:08 pmmax is only rm50.

This post has been edited by andyfriends: Sep 2 2011, 07:08 PM

You have a point there too.
But I only use it during weekends to maximise the weekend cash rebate and not forgetting the 5xTP.
From my recent transaction, it shows RM 3.047 = USD 1.00
Still OK la...
If normal days, I think VISA/MasterCard is a better choice.


By the way guys, I need your help. My statement date is every month's 24th and due date is the following month's 13th.
I just want to pay for transactions that captured before 24th. As for the rest, I'll pay in next month since those are considered next month's transactions, no point clearing them now.

01-Sep-2011 01-Sep-2011 VINCCI JUSCO SEREMBAN 2 SEREMBAN MY RM44.10
01-Sep-2011 31-Aug-2011 CASH REBATE RM3.50
25-Aug-2011 20-Aug-2011 PAYPAL USA US US$23.00 RM70.08
24-Aug-2011 24-Aug-2011 STARBUCKS-SOOKA SENTRAL KUALA LUMPUR MY RM28.60
19-Aug-2011 19-Aug-2011 PASTA ZANMAI MID VALLEY KUALA LUMPUR MY RM106.70
17-Aug-2011 16-Aug-2011 PP*xxxxCODE USA US US$1.95 RM5.96
01-Aug-2011 31-Jul-2011 CASH REBATE RM17.74
31-Jul-2011 31-Jul-2011 YE OLDE SMOKEHOUSE HOTEL CAMERON HIGHLMY RM49.30

I'll pay those in bold, how about the cash rebate of RM 3.50 can I offset when I pay before 13th? I always have this doubt so far I didn't offset and leave it for next month's bill.

just pay what is stated as your statement balance. That is the amount that you must pay and it reflects all transactions prior to the statement date.

on the cash rebate think the jury is still out on that one. M2U does track it as a payment but is it all that necessary to risk getting charged interest over not paying RM3.50 (up to RM50)?

Thanks for the info! Now I know which figure to pay.
I actually manual calculated all this while luckily no interest charged to me. Phew.

It seems M2U will capture the PayPal payment in next month's billing.
25-Aug-2011 20-Aug-2011 PAYPAL USA US US$23.00 RM70.08

Because the statement balance doesn't include the above transaction, must be due to the posting date (after 24th).

This post has been edited by fruitie: Sep 2 2011, 08:16 PM

you can deduct the cash back from your statement balance
i've been doing that all this while and it's fine

The rebate given on the END of the month is considered as Payment to your outstanding balance.
basically you can pay less the rebate you received.

eg.
Statement amount as of 24 August = RM2000
Rebate received on 31 August = RM50
So, you should pay RM1950 before 13 September.

Oh, so no interest will be charged eh? Cool.

Be alert! It's all right to MBB but this is not applicable to other banks like Alliance Bank. I had been charged interest by Alliance Bank twice because of this.

you've got to screw them hard for it
this is even applicable to SCB JustOne, cash back is deemed as payment

Hi guys

Just now i make payment via maybank to you to clear my statement balance but its still showing there. Is there an error or such?

Statement balance will not change. After u made a payment, it will only reflects to outstanding balance.

It was a long process. The CS officers refused to reverse the interest charge. I directed the letter to their CEO and the problem was solved after 2 months.

Out of the blue, Alliance charged me again interest on my very last statement after I terminated the card. It was because cash back was reflected in the following month. What I paid was "statement amount minus cash back". I had a long argument with them when I asked them to waive the interest. I won, simply because I had terminated the card and it was the last statement.

how do i make the statement balance be 0? Dont feel good looking at it even though i pay finish. Its like i owe them

statement is statement it will not change on your statement even after you pay for it
your new balance will only reflect on the account detail of your CC

There's a way but only for the next bill cycle. To make statement balance = 0, just clear current outstanding before statement date. That will make next bill statement balance to be 0.

The above concept will make a good payer but the banks will hate you since you don't have debts.

This post has been edited by David83: Sep 3 2011, 05:51 PM

Err ... David83, I read it several times. Don't know what you are trying to say.
Perhaps ... banks .... since you have 0 debts ?

don't use your card at all

Not practical. There will always be some value so long you are using your card. So long you pay in full every month then don't think at all.
And as mentioned by alexwsk, what you wanted is akin to not using your card at all. Then just cancel your credit card and work off cash because you will owe the bank at least once a year with the RM50 GST. By canceling your card(s) or not owning one you definitely would not owe the bank anything nor would you owe anyone anything.

Again ... not a practical idea isn't it given today's environment ?

bought a laptop from dell online, as previous forumer stated, they will process the cc payment on weekday only