If I not mistaken nowadays cc will help principal buy insurance to protect bank itself when they facing this kind of problem right?
But the better way to check it u can go to the bank direct is the best way

So credit card debt is a form of liability right?

I see. I will check with my relative who is working in bank haha

can be your mum, u or your siblings to take care of the estate/debts etc, can also appoint 2 people as administrator. don't appoint a lawyer/outsiders as an administrator as most likely will try to con you as they get certain percentage of it

This post has been edited by DarReNz: Jun 3 2015, 12:43 AM

Thank you bro

want to know more about interest late payment.

statement date is every 27th.
if balance to pay is 1000, payment is calculated based on credit transaction or the actual balance todate (20 days no interest).

eg. i pay RM1000 within 20 days after statement date, and using 500 more within that period after paying. balance before that period finish, 500. they will charge interest or the transaction will be calculated in the next statement?

eg2. i pay 900, then use 500. balance is 600(100 + 500). payment for prev statement is calculated as 400 or 900?

This post has been edited by edriem: Jun 3 2015, 11:19 AM

Assuming your starting balance is zero and you do not pay in full the statement amount before the last day, you lose the 20 days interest-free period benefit and will be subject to interest on all existing and new transactions until the amount is fully repaid before the next statement date.

My income rm33000/annum not include commision and allowance . If i having one max out credit card amount 5k now and car loan monthly 700 . If i apply for second card is that possible for it to approve? CCRISS all 0000 .

no problem for a second card based on your current commitment.

i try DSR calculator . i get 34% .... what does this mean?

the lower the better... because dsr is to show how much you use your income to service your debt installments.

Where to get this DSR calculations app? Anyone know where to dl?

dsr calculator is just a rough guide only, because different bank have their own credit guidelines which differs greatly from one to another.

Oic. Tot got the apps can try itself

you can try as a rough guide but not all bank follow the same credit guidelines, which is why one bank may reject your application but another bank approve it.

Ok ok. Thx for advise.

Hi,

Is it possible to do balance transfer between maybank2card to maybank islamic petronas visa? Please advice.

TQ

I saw this bank islam dsr calculator.
Different bank will have different formula.

http://www.bankislam.com.my/en/pages/DebtS...Calculator.aspx

Thx for sharing

Anyone have both public bank conventional credit card and public bank islamic credit card?

Can share whether public bank offer separate credit limit or combine credit limit for conventional bank credit card and islamic bank credit card ?

although i didn't own both, but i would say both are separate cl. first reason is because conventional and islamic have always been a separate entity. second because mbb's and rhb's confirmed separate.