Bro, seriously no difference you pay this month or next month because it is still a debt. The fact still remains you spending money.

should be total CL

It may if your CL is really high. Long ago a senior here mentioned he had to decrease one of his credit card CL to RM1K just to get his loan approved.

Anyway, don't worry about it unless you are told to do so.

AMEX2 Plat since it earns you 5X Treats Points. As for SCB, and think you use the MBB 2 Visa or MC and earn 1X TP even better than SCB reward redemption program.

Get it for your entire family. it's FREE and got nothing to loose.

Even if flying with AA, get the Big Shot account. Now remember this, make sure for each individual use a different email account when signing up, e.g.. your wife and children as each individual will have their own account (for whichever airline).

This post has been edited by Gen-X: Sep 2 2013, 10:37 AM

Ooh... maybe he did

Anwyay minto, I am sure you and your family will be flying to more places in the future and I recommend you read my articles below that are related to credit card and air miles.

My son is going to USA Again on Business Class. In this article you will note that MBB 2 AMEX TP conversion to Enrich Miles is actually pretty good.

New Toshiba i5 for RM999 and Enrich Redemption. In this article I showed that converting to airmiles may not necessary optimized your return especially if you fly AA where we can sometimes get really cheap tickets during off peak periods or when MAS is having a sale.

The BEst Credit Card for FREE Entries to Airport Lounge.

1. The thing to note is your have to pay in full the amount stated in your Statement issued on Statement Date prior to the Due Date to avoid interest being charged.

2. Yes and No. Some cards will charge you interest for the RM1K from the day of the transaction because you have utilized the credit limit and failed to make full payment. You may also be imposed interest charges on new transaction too.


TO ALL:

Yesterday I read a report about people getting into financial difficulties and that BNM in collaboration with the Education Ministry will introduced financial education to Year 3 students next year and secondary schools in 2017.

So I inked my thoughts and came out with an article titled Avoid The debt Hole by Getting FREE Financial Education From Me (click here to read it).

The above said article covers numerous subjects relating to credit cards, credit card newbies should take my FREE Credit Card Tuition to avoid being tricked into the debt hole and also how Citibank increased my credit limit without my consent to entice me to sign up for their loan products.

Bro, if you can pay before 23rd October 2013 in full, you won't be charged a single sen in interest.

Now, if you can only pay RM500, it is a good thing that the amount of debt (Outstanding Balance) you have in your card is not that much (i.e. RM500); and, as such the interest is kind of negligible for a month (less than RM15). Just don't use your credit card again until you can settle in full before the next Due Date on 23 November or even earlier to avoid more interest being imposed (make sure you include the interest charges when paying or simply add extra RM20 if you do not want to waste time calculating the interest up to the day you make payment).

And do read my article Avoid The Debt Hole By Getting FREE Financial Tuition From Me where I once again have a reminder that only use your credit card if you have money to settle in full prior to the Due Date. This is the only principle you need to practice and never break it, not even once, because if you break it once, there is nothing to prevent you from repeating it and eventually you will end up in the shit hole of debt.

This post has been edited by Gen-X: Oct 8 2013, 12:41 PM

Bro, most of us here don't really know how interest is calculated because most of us who share our credit card experience here do not have to worry about working for the banks because we practice the principle below (once again repeated to enforce this principle into your head, haha):

only use your credit card if you have money to settle in full prior to the Due Date. This is the only principle you need to practice and never break it, not even once, because if you break it once, there is nothing to prevent you from repeating it and eventually you will end up in the shit hole of debt.


So for your case, if you have not make the purchase, just save the money until you have RM1K in the bank to pay your credit card bill in full instead of you worrying making the banks richer.

And as for RM15 being negligible...... well, that is about how much I burn a day on cigarettes, hahahaha

This post has been edited by Gen-X: Oct 8 2013, 02:08 PM

Bro, I got a solution for you, first buy the monitor and then after 1 month only get the speakers, or the other way round if you got not enough money for the monitor now By the way, speakers are not that expensive, so what monitor you getting that you cost you close to RM1K?

This post has been edited by Gen-X: Oct 9 2013, 01:25 PM

I did do a mini review of the SCB WorldMiles MC and other cards in my article titled My Son Is Going To The USA on Business Class Again in regards to Enrich Miles conversion. In this said article I pointed out that there is conflicting statement in SCB T&C. It is stated that annual fee is waived for first year but it also says that you agree to monthly fees once you sent them your Big Shot ID. And for your info the SCB WorldMiles MC does not have annual fee BUT monthly fee of RM15!!! So I guess the CS correct to say no annual fees, hahahaha

This post has been edited by Gen-X: Oct 10 2013, 01:46 AM

I shall be publishing my third annual Credit Card Ultimate Showdown soon. And in order to have a complete and fair evaluation of credit cards in the market, I had to go do some research on new credit cards that were not reviewed by me prior to October 2013. So after some serious elimination process (as if, haha), the cards I have selected that deserve to be reviewed are the CIMB Cash Rebate Platinum MasterCard versus Citi PremierMiles American Express versus Citi Prestige MasterCard Master Elite vs. Hong Leong Bank Wise Visa vs. RHB Visa Signature and Standard Chartered Bank WorldMiles MasterCard.

And in this said article, you will also get to see the coolest card on planet earth that is recognized throughout our universe and beyond

Click below link to read my article New Credit Cards in Malaysia 2013



I also credited sifu MilesAndMore for his guidance; and, I as usual my articles are full with errors or mistake, and I appreciate if you guys could highlight some of them

My very first Credit Card Ultimate Showdown was published back in May 2011 at My Credit Cards blog, click the link below to read the article in my dark and mysterious realm (where I started my wasting time blogging career for FREE):

Malaysia Top Ten Credit Cards - Ultimate Showdown 2011

Prior to September 2012, many members here, e.g. ronnie and gerradling (by the way where is gerradling?), were complaining they had headaches after visiting my dark realm. After much nagging from them, I was lead to the bright white light where I started publishing all my articles at a single blog called Generations XYZ, www.generationsxyz.blogspot.com. And my second Credit Card Showdown followed me to this "new" main blog. Click link below to read my Credit Card Ultimate Showdown 2012:

The Best Top 10 Credit Cards in Malaysia - Ultimate Showdown 2012.

This post has been edited by Gen-X: Oct 14 2013, 02:23 PM

No, but what you mentioned is like you getting a Supplementary Card where the Principal Card holder is responsible for your debt(s).

Well, what you need to do is go persuade the person who is willing to stand as your Guarantor to go and apply for the Maybankard 2 Cards and then issue you a Supp card.

Example, years ago, when my son turned 18 years old (he entered Uni at age 17 years old), I issued two credit cards to him (got the application forms pre-signed before he left for the US after his Christmas break and on the day of his 18th birthday I submitted the application). Now he has CIMB World MasterCard, MBB 2 Plat Cards and MBB Visa Infinite and with the total combined credit limit from these cards, he can go get himself a Audi or BMW or a Ford Mustang in the USA and I got to pay for it!!!

And last year he did use his Supp Visa Infinite to purchase a used sports car, click here to read my article My Coupe and My Son's Sports Card Paid with My Credit Cards.

Thanks Bro for the compliment and thank you for reading it. Glad you found the article informative

This post has been edited by Gen-X: Oct 14 2013, 07:12 PM

Show off.... more like shiok sendiri, same same sensation that I get when I show off my credit cards, hahaha.

And if I do come across a person with a Citi Prestige, I guess I shall do some charity work and point out how much he is losing out every time he uses it