Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards Credit Card v17, Ask general questions here, Please read the 1st post before posting!
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 Mar 12 2012, 12:19 PM
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#1
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Senior Member
1,241 posts Joined: Jan 2003 From: KL   
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QUOTE(TearsRainzz @ Mar 12 2012, 12:12 PM) Thank you for your reply. I suggest pay the statement balance. The rebate will be credited later and will be offset by your next transaction.So what can i do after it credited back to my account? it means when i pay the bill i only pay the amount after the rebate?  |
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Mar 12 2012, 02:00 PM
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#2
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Senior Member
1,241 posts Joined: Jan 2003 From: KL
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QUOTE(TearsRainzz @ Mar 12 2012, 12:56 PM) Thank you for your reply. Rule of thumb: Do not withdraw cash from credit card. You might lose more then what you have earned from rebate.So i can actually withdraw my cash- back at the end of the month? I do not see the logic here. Why withdraw? The rebate will stay there, and your next swipe will clear it. Unless you plan to use it one time and cash out the rebate then stop the card. What do you intend to do? This post has been edited by catsper: Mar 12 2012, 02:00 PM |
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Mar 12 2012, 02:13 PM
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#3
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Senior Member
1,241 posts Joined: Jan 2003 From: KL
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QUOTE(TearsRainzz @ Mar 12 2012, 02:04 PM) Noted, thank you! withdraw money using credit card is stupid.. You will have visibility but not control. You can see the rebate has been credited if you have e-banking. That is all.one more question i must use the rebate on the next swipe or i can accumulate it until i wanna use it?? |
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Mar 12 2012, 02:59 PM
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#4
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Senior Member
1,241 posts Joined: Jan 2003 From: KL
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QUOTE(TearsRainzz @ Mar 12 2012, 02:25 PM) I see, thank you.. understand now. Then since it is not encourage to withdraw it. Then what can i do with the rebate?? You still do not see how it works. Let say I have a rebate of RM50 as outstanding balance. My next purchase is petrol for RM60. So, I swipe the card, then my outstanding balance is only RM10 which means I get RM50 worth of petrol FREE. Understand? |
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