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Maybankard 2 Gold & Platinum Cards V5, Please read page#1 FAQ before posting :)
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Seng_Kiat
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 Jul 27 2012, 12:55 PM
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Guys,
I am not sure if my calculation is right.
MBB2card interest is 8.88% p.a... let say I have credit limit of 10k and use it all .. I pay minimum payment on time every month ... and I also fully utilize the rm50 cash back every month...
so the charges are:
8.88% pa X 10k = RM880 charged to my card.
RM50 service charge:
TOTAL: RM930 paid to bank.
Cash back:
RM50 x 12 = RM600
Still have RM330 paid to bank per annum ... giving threat points, I believe I can cover the RM330 in 1 year time by collecting 66000 TP per year which equal to 5500 TP per month = RM1100 spending on AMEX per month ..
so basically, I am owing bank RM10k at zero cost ..
is my above calculation correct?
This post has been edited by Seng_Kiat: Jul 27 2012, 12:56 PM
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Seng_Kiat
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Jul 27 2012, 01:15 PM
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QUOTE(ronnie @ Jul 27 2012, 01:11 PM) RM50 weekend rebate given if you spend RM1000 on a weekend... By paying minimum every month, you will incur debt... you forgot to calculate 12 x RM1000 you will be swiping ? Yup, aware of RM1000 spend on weekend .. what do you mean by RM1000 x 12? |
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Seng_Kiat
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Jul 27 2012, 02:28 PM
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QUOTE(MYstombox @ Jul 27 2012, 02:06 PM) You will still need to spend RM1000 / month on the weekends to get the RM50 cashback. After which, your initial RM10k will snowball to RM22k in a year if you do not pay RM1000+minimum of the 10k that you charged previously. I dont really get RM10k will snowball to RM22k .. Mind to explain? |
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Seng_Kiat
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Jul 27 2012, 03:21 PM
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QUOTE(MYstombox @ Jul 27 2012, 02:50 PM) Each month you need to spend 1k. Then initially you got 10k debt. 10k+1k = 11k Next month 12k 13k 14k etc. End of the year , 22k. That is not what I mean ... I mean, let say I just apply MBB2Cards and just got the card with CL rm10k. I use it all within one week and my cc debt is now RM10k. before the due date, I pay RM1000, so that I have another 1k to spend the next month. Next month, I finish all 1k available and pay RM1000 again before the due date. This process continue forever. LOL. Based on 8.8% pa, my debt is actually free of interest if: Spend RM1000 on weekend with AMEX to utilize RM50 cash back. TP to cash voucher. Correct? |
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Seng_Kiat
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Jul 27 2012, 04:59 PM
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QUOTE(GymBoi @ Jul 27 2012, 04:28 PM) I'm pretty sure that's the intention of Maybank into making the public thinks it's so easy with just a simple 8.8%p.a haha .. so everyone think like you and everyone apply this credit card ... I'm not very smart so I also can't answer you question but I'm pretty sure Maybank is just not that stupid haha ... 1 year ago I was in really deep shit .. almost the same case as you .. owing 10k and can't pay .. so i went 1U and ask them, they explained bit by bit to me .. in the end I got so scared by the calculation, I borrow money from friends to pay CC .. but so long jor so I forgot ... The interest is something calculated by day ... I suggest you go 1U and ask .. they are very kind to explain in details OPS! I am not in the above situation .. I am just asking IF I can get free loan based on my thought, why not?  ... |
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Seng_Kiat
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Aug 29 2012, 03:23 AM
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so far, I check for march, I won twice ... how to I check if I get the money?
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Seng_Kiat
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Aug 29 2012, 03:39 AM
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QUOTE(Seng_Kiat @ Aug 29 2012, 03:23 AM) so far, I check for march, I won twice ... how to I check if I get the money? after go through all the winner name, my name was up for twice ...  .. anybody get the money? how to claim? appreciate if you can share .. thanks . |
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Seng_Kiat
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Aug 29 2012, 03:40 AM
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QUOTE(kezman @ Aug 28 2012, 03:12 PM) i also got it 27-Aug-2012 27-Aug-2012 SEASON OF WINNING-RM100 WINNER RM100.00 hehehe.... how you know? are they bank in into your account? or just deduct rm100 from your credit card ? .. thanks. |
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Seng_Kiat
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Aug 30 2012, 06:05 AM
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QUOTE(shortleg88 @ Aug 29 2012, 05:27 PM) Just saw my M2U can pay Unifi bill through Amex, just want ask if I pay using M2U will it be reflected straight? And if so do I still entitled to the autopay rebate? If so don't mind paying it on a weekend then. wow! thanks man for the info .. I wouldnt pay my unifi via tm occ anymore .. .. .. i wish TNB can be paid with amex via mbb2u .. : .. This post has been edited by Seng_Kiat: Aug 30 2012, 06:07 AM |
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Seng_Kiat
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Aug 30 2012, 06:52 PM
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QUOTE(shantio3388 @ Aug 30 2012, 06:48 PM) just to share, today win another RM100, total RM300 ady i spent less than RM2k (<10 transaction) per month  Today win anoher 100? The contest stil, on? Btw, i got rm200 into my acc d.. Thats equal to 4 years GST.. LOL.. |
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Seng_Kiat
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Sep 9 2012, 08:40 PM
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guys, have you guys encounter such scenario when buying online: the invoice/backet showing certain amount (eg: GBP50) with delivery. I believe the amount is include taxes, etc. So, you are expecting GBP50 to be charged to your acc and agree by fill up credit card details. Once you click submit, you get sms notification mentions that your charge has been charge for GBP55. It is extra GBP5 and it is a lot if convert to RM.. can even buy me and my wife McD Ayam goreng. LOL. I kene this kind of transaction twice already. Wonder if this is normal if we use AMEX card. I did quite a number of transaction before with this mercant with VISA/MC, seems I did not get any extra charge. But this time, I use AMEX and I kene extra charge.  . |
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Seng_Kiat
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Sep 9 2012, 11:04 PM
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QUOTE(ronnie @ Sep 9 2012, 10:12 PM) Which Online Merchant add the extra fees ? 1st was agoda.com and today shopped at kitbag.com ... |
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Seng_Kiat
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Sep 10 2012, 12:29 AM
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QUOTE(CP88 @ Sep 9 2012, 11:38 PM) Why did you select GBP?  You can select MYR currency before checking out.  [attachmentid=3041845] As bro Gen-X pointed out on the 1st post, you can get a 6% discount as well from MBB Visa/MC.  LOL ... kitbag dont have MYR .. Agoda charged me in RM but with extra as I mentioned .. I give example in GBP because I just made a purchase at kitbag. . |
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Seng_Kiat
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Sep 10 2012, 01:31 AM
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QUOTE(CP88 @ Sep 10 2012, 12:34 AM) My apologies.  it's ok bro .. btw, any face the same before? |
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Seng_Kiat
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Dec 3 2012, 05:26 PM
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QUOTE(ronnie @ Dec 2 2012, 07:29 PM) That's where the current promo on Petronas VISA comes in handy with 5X TP That's cool to own 5x treatpoint .. .. btw, is petronas card upgraded to 5x point on weekdays and 8x on weekend? |
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Seng_Kiat
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Dec 3 2012, 06:21 PM
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QUOTE(ronnie @ Dec 3 2012, 05:54 PM) That's for Petronas fuel purchase.. + 5X TreatsPoints for other spends. 0 points for other petrol brand purchase/swipe. sorry, I dont really get. Do you mean we will get 5x TP if spend using Petronas card at all merchant? Or is it just limited to Petronas station only? the words "other spends" makes me think all transaction will get 5x TP which is good if it is true. . Thanks. |
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Seng_Kiat
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Dec 14 2012, 05:55 PM
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most maxis center accept amex .. at least for me .. . |
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