Nope. I was offered a straight 0%. Average 2.44% cannot make money la.

Not really. I just assume that RHB and all banks are huge organizations, so their policy should apply to everyone.

However, they can't stop anyone from bending their policy. For example, what happened to me was, I was first offered all the 3.x% 4.x% interest cash out by personnel A for upto 80% or 90% (i don't remember the exact %) of my limit. Then personnel B offered 0% for a smaller amount which was not offered by Personnel A. Naturally, Personnel B got my business and personnel A was left fuming.

I'll give you a quick example. Let's say.

10k @ 0%
20k @ 10k 0% + 10k 3%
30k @ 10k 0% + 10k 3% + 10k 5%

Put the cash they loan you back into FD.

10k @ 4% (just round down for simplicity) you get 400 per annum. But you'll be paying back installments every month. So agak2 the 400 is halved (also for simplicity) to $200 only.

for 20k, you gain an extra 0.5%. That's like what? $50 per annum for an additional 10k debt?

30k no need explain la, you lose back the interest at 5%.

So it's only good for people who really need the money or could generate better returns, not those who parks their money because no appetite for high risk investments.

nah, I don't think so. B just send an SMS. A kept calling and wanted me to agree on the spot and reject anyone else who calls.

You can feel cheated. But they just give you the offer, never force you to take. Just like my case - A said I didn't ask for the 0% one (how am I to know if I wasn't offered that?). Besides, if you're in serious debt, 2.44% is a good offer.

And if I hadn't see everyone here making good money from credit cards, I won't even accept that offer.

This post has been edited by beLIEve: Jan 12 2019, 04:23 AM

yes exactly. Get $30 only deemed registered to participate in the weekly contest.

Same. SMS la, email la. That's why our expert here say RHB campaign is confusing. I just didnt expect this confusing. But email and SMS say T&C applies, and T&C says $30 cash back is your entry form.

yup. wait for others to report Nov/Dec cash back, then will know already.

Habuk pun tarak

Expert say can use Boost for weekly contest. BP not entitled for the weekly contest. BP only entitled for the Online monthly cash back.

thanks bro. Makes sense also.

But what I'm sure is, my first 50+ spend upon getting my card was a direct swipe buying groceries offline. Never even got the first $30 cash back. It's more than 2 months now.

cb30 - that's what I understand too. But their CS told me first come first serve. Then after some explanation from me, they say wait 6 weeks. It's 10 weeks now and I didn't bother, since no one here received any cash back for the weekly campaign anyway.

If you have RHB Online already, maybe you can see it there? or simply ask their CS to give you. I also took the 0% cash advance before getting my card mah. They called the next day after card approved.

Monthly cash back for Online yes, RM30 no one knows yet.

thanks bro. didn't get anything the last time I checked yesterday. I just logged in to check and mine is in as well. But mine is for weeks 4, 5, 8, 9 - new to bank. I think one of it is for the spend 50 get 30 upon activation.

To everyone else - my spend is on Boost only for this weekly campaign.

This post has been edited by beLIEve: Jan 26 2019, 01:36 PM

mgm clarencet cleoamin
As confusing as it is to me, I tried tracing back my transactions.

I don't know your statements, but mine's showing Week 4, 5, 8, 9 as mentioned earlier. So it looks like the campaign for newbies from Nov onwards has Nov 5 as Week 1. So week 4 should be Nov 26 and I've a boost on that. It also means that they did/have not gave me 30 bucks for the first $50 spend upon activation.

Just received SMS from RHB.

Withdraw cash now using your RHB Credit Card/-i from any RHB ATM with NO CASH ADVANCE FEE. Valid from 30/1/19-20/2/19. T&C @ www.rhbgroup.com/s/ca

p/s : My interpretation is, need to pay back within next statement. But still got 1-2 days to BT from PBB to settle it.

Edit : 18% per annum will be levied on each cash advance calculated from the date of cash advance until it is fully settled (interest calculated on a daily basis). Confirmed by their Customer Service.

This post has been edited by beLIEve: Jan 30 2019, 01:15 PM

wahhhhh thanks bro. I didn't know got interest. I just thought treated as normal expense and settle by upcoming statement.

I did see the 5% cash advance fee OR RM15 which is weird to me. Of course, the concern is, what if 5% fee is higher than $15. And bigger concern is CC interest.

thanks bro. you guys are really good with this. Like this if take 30k means have to pay $1500 first to earn that $75.

Thanks again bro.

So I called them up and they confirmed that the interest is payable. If withdraw today and payback today, no interest. If pay tomorrow, got interest. Only the 5%/$15 fee is waived.

I guess the workaround is find some 0% BT source and dump in money. Then withdraw. BUT that doesn't sound like cash advance to me. Guess I'll just skip this. I'll update my first post to include the 1.5% month / 18% p.a. interest

cc aniki_tan

This post has been edited by beLIEve: Jan 30 2019, 12:42 PM

actually mine also looks something like that. $9.xx.

This post has been edited by beLIEve: Feb 1 2019, 10:36 AM

Same question can be asked - how many spend 2.5k online every month?

I think 850 per category loh. Then you get a total spend of 2550 and 90 bucks cash back.

Forgotten to reply you.

The last time I questioned them, CS said they need ask the Marketing Dept if I don't get mine within 6 weeks. End up I only got mine in 8-10 weeks, without subsequent follow ups.

I think you can continue to use yours before the campaign is over. I started the weekly spending without waiting for the first cash back and it worked - I got the $30 for the $300 I spent 1 week after the initial one.

Other 5x 8x point card is RHB or other banks?

I second that. Top cards for me is public bank quantum master and visa signature, maybank2me2cards amex and barcelona. others are have to spend much more unless there are ongoing campaigns for extra cash back.