Maybank & Hong Leong Bank

Is there any additional charge other than the 5% for cash advance (withdraw money using CC via ATM)? Does the cash advance enjoy 20 days interest free as per normal credit card transactions?

No for the 2nd question. The interest will be started from the day of withdrawal till it is being cleared.

Thanks David83. Assume is 18% per year, the interest rate would be Amount withdrew x 18/365 X number of days from the day of withdrawal right?

I'm not sure about the exact calculation. I believe it's compounded interest kind of thing. As long as you still have outstanding, they'll keep on charging you the interest on the outstanding amount.

Sorry I have no experience on cash advances.

This post has been edited by David83: Mar 3 2013, 12:16 AM

And the reason we don't bother about the calculations because we strongly discourage it due to the high interest + compounding interest.
Please ... it's an honest advise although it sounds not very helpful.

not to mentioned all your current outstanding balance and future uses will be charged interest as well

This post has been edited by alexwsk: Mar 3 2013, 11:47 AM

sorry if the question is not appropriate to ask here..
i wanna apply chase bank cc..anyway to apply here in malaysia? i have heard that chase have branch in kl somewhere..

This post has been edited by rathian_mhfu: Mar 3 2013, 11:14 PM

Hello credit card sifus.... wanna ask your opinions, am considering these two cards from Maybank but unsure which one to go with...

How is the Maybank Islamic Ikhwan Visa Gold different from normal credit cards?...

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

The holders of the Islamic card are Only permitted carry out Halal Transactions,
But, NOT Includes the transactions related with Six Categories that don’t meet Shariah Requirements.
These categories are bars, discos, night clubs, purchase of beers, escort and massage services and gambling.
The Card Will Decline when Use it on Either this Six Categories...

But, No Problem With Me when Using My HSBC Amanah Credit Card-i at Chinese Eateries (Non-Halal Rest.)

This post has been edited by fly126: Mar 5 2013, 11:08 PM

Recommend you go for Maybankard 2 Cards and earn 5% cash back on weekends on top of 5X Treat Points everyday.

This post has been edited by Gen-X: Mar 4 2013, 05:37 PM

hi all, want to ask, how does this BT works?

1. can i BT a terminated card or the CC needed to be alive?
2. do i need to inform my current bank about the BT?

sorry, i have the slightest knowledge about BT, thank you

1. Not really sure what you mean. Is it that your card is suspended? I guess you can if the credit card account is still active e.g. you still receive monthly statements based on 16 digits account.
2. No. The other bank/card issuer will deposit funds into your CC account.

Hey, thanks for the advice fly126, Gen-X... hey but if I get the Maybank 2 Cards, doesn't that mean I also have to pay double government tax?

No

no, only RM50 in total for 2 cards
check out the individual thread for M2 cards

I want to ask. if i wan to but hp from maxis using cc which credit card will give most cash back or non cc give cash back?
If i choose the installment plan? will i get cash back monthly base on installment or one time of the total amount? Thank you all..

Guys, a friend applied for a personal loan for investment and paying the credit card debt.
Is this a good practice?

if the investment return is higher than the interest then no problem
credit card interest is higher than personal loan to pay it off with personal loan also no problem

but

like Geneva case alot people get personal loan to invest now all in trouble
after pay off the credit card is better for your friend to spend within own limit.. personal loan is still loan that need to pay off afterall

Hi there, I got a question.

If I want to cancel my credit card but my credit card still got outstanding balance, how the outstanding balance be offset?
Pay back monthly?