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 Recommendation for Credit Cards V1, TQ to contributors ! (From MOD)

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voidbutterflyx
post Jan 8 2012, 09:25 PM

New Member
*
Junior Member
48 posts

Joined: Dec 2006
From: Petaling Jaya
1. Annual Income: RM60K-RM100K

2. Free Lifetime Annual Fee: best if no fee but 0% monthly payment is more important than annual fee.

3. Card required for: Cash Back/Rebate

4. Existing credit cards if any: Nil. Settled the cards now no credit card at all.

5. Preferred Bank or Considering CC from banks: Don't know.

6. Others: Looking to have a principal with a supplementary, and have a one time purchase of a camera & laptop, probably about 10K in total, want to pay in 24-36 months plan with 0%/lowest interest rate

7. Estimated Spending per month with the card: A one time purchase of 10K and then the rest of the months would be less than rm500

*must you be related in order to apply for supplemental under the principal card?

If I spend 10k and want to pay in 24-36 months, how much must I pay per month including interest?

This post has been edited by voidbutterflyx: Jan 8 2012, 09:55 PM
voidbutterflyx
post Jan 9 2012, 05:29 PM

New Member
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Junior Member
48 posts

Joined: Dec 2006
From: Petaling Jaya
QUOTE(Gen-X @ Jan 8 2012, 10:06 PM)

voidbutterflyx: Not many merchants offer 24 to 36 months 0% installment plans for computers or electrical goods. Moreover, I would not recommend going for 24 months and above installment plans for computers because you'll be like still paying for something that will become obsolete and may even be spoiled in 2 years time. My principal is if you don't have the cash on hand to pay for non-durable stuff, it means you cannot afford it and spending beyond your means. Having said that, 0% installment plans are great to earn us some pocket money.

And it is not necessary for one to be related to get a supp card;but, in my opinion, a guy should not issue his GF a supp card  whistling.gif
*
actually, I'll be able to pay for the laptop by next month, just wondering if it would be better to pay with the credit card using 0% installment or cash. I was thinking of using the card and keep the cash in my bank account, use it to pay for the card every month instead of one large sum. I don't know if it makes a difference, but just to note, I'm getting an apple. I hope they do offer 0% installment plans, have to check.

If I swipe for 5k with a 0% 12 months installment, at the end of the 11th/12th month, can I do a 0% balance transfer to another bank for another 6-12 months? blink.gif can it work that way? hahaha.

QUOTE(Gen-X @ Jan 8 2012, 10:06 PM)
And it is not necessary for one to be related to get a supp card;but, in my opinion, a guy should not issue his GF a supp card  whistling.gif
*
Hahaha, I agree. tongue.gif but I think even if it's family also quite susah. sad.gif
voidbutterflyx
post Jan 9 2012, 11:02 PM

New Member
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Junior Member
48 posts

Joined: Dec 2006
From: Petaling Jaya
QUOTE(Gen-X @ Jan 9 2012, 06:02 PM)

Wonderful, you're on the right track as far as earning pocket money from credit card is concerned. By depositing RM10K in FD for a month at 3% interest, you can earn about RM25/month pocket money. Of course, you also have to consider how convenient it is for you to go to the bank. If it cost you RM10 for petrol and parking, wasting time. If the bank is beside your office, fantastic.

And if you had read the link I provided earlier to you, you'll note for Apple products, where you can get it at Harvey Norman and Machines, where they are suppose to be offering 0% installment plan with AMEX.

Once again, here if FREE promotion for MBB 2 AMEX. Say you getting a MacBook Pro at RM5,499, it means with the Maybankard 2 AMEX, you'll earn 27495 Treats Points which is more than enough to offset the RM50GST for 2 years or you can redeem for more than RM100 worth of cash vouchers. And since the Maybankard 2 Cards is FREE for Life (i.e. no annual fee), you'll be really getting the cards at no cost but actually can earn from it (and I have yet to include the 5% cash back on Saturdays and Sundays).

So, yes, like I said, 0% installment is great for those who have cash prior to their purchase.
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guess I know which card I'm applying for now. hahaha!

oh and, curious with how the 0% balance transfer system works, if I swipe for 5k with a 0% 12 months installment, at the end of the 11th/12th month, can I do a 0% balance transfer to another bank for another 6-12 months? can it work that way? hahaha.
voidbutterflyx
post Jan 11 2012, 11:41 PM

New Member
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Junior Member
48 posts

Joined: Dec 2006
From: Petaling Jaya
QUOTE(Gen-X @ Jan 10 2012, 06:49 AM)
the installments are divided equally and by the end of the 12th month, there's nothing to BT lah.

*
Oh right, I forgot about that point! HAHAHA. thanks for the help mr.! You've been real helpful. Will see if I can get the MBx2 credit card next week!
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