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Credit Cards Credit Card v18, Post/Ask general questions here, Please read post 1-3 before posting, tq

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M3L7991
post May 7 2015, 12:21 PM

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Guys, i've won a cashback from BSN Credit Card. I won RM25k and the money credited into my credit card. My card limit is RM5k. Means that my card now is -RM30k.

1) Can i withdraw the money through Cash Advance? Is there any daily interest apply?
2) How can i transfer the money into any debit account or ASB/Tabung Haji or fixed deposit or public mutual?
3) What should i do? Buying a gold and sell it later when the price hike? Or can i pay the downpayment for a house?

I'm thinking of buying a house..help me sifu..sad.gif(
M3L7991
post May 7 2015, 03:26 PM

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QUOTE(deity01 @ May 7 2015, 01:37 PM)
1) it still will have the usual cash advance daily interest apply..
2) dont even think of it
3) just spend using your credit card like normal..

just consider it as a temporary credit limit increase of 25k until you use it up without needing to pay..
after u used up the 25k, ur cl will be back to 5k

and you got a very wrong perception, your card now is not -rm30k, i am not totally sure how it works, but i would consider it as 5k CL with advance payment of RM25k, i am not really sure you can spend more than 5k at 1 go..
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Yeah I'm wrong at the -30k section. So just use my card as usual la. Erm..if based on the CL, then I can spend until it reached 25k without limit coz it already have -25k inside right?
M3L7991
post May 7 2015, 03:28 PM

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QUOTE(sj0217 @ May 7 2015, 02:11 PM)
It should be -25k in your credit card account but you can use up to 30k of credit limit.

If buying a house, you can use credit card to pay for 10% deposit right, eg: RM300k house, RM30k for 10% deposit is need
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Owh..so I still can use it to pay the dp depends on the developer la..erm..

What if I buy a gold worth 25k from public gold etc and keep it in safe box until the price hike then I sell it to gain some money? Is it possible?
M3L7991
post May 8 2015, 05:09 PM

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QUOTE(kelvinlzy @ May 7 2015, 10:15 PM)
What I am curious is how you won RM25k? What campaign is it? unsure.gif
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нαнα..ιт ιѕ ¢αмραιgи gιℓα ¢αѕнвα¢к ωнαтєνα ιт'ѕ иαмє..

кяє∂ιт ¢αя∂ υѕєя ωσи 25к. ∂євιт ¢αя∂ ωσи 12.5к. тнєяє ωιℓℓ вє ωιммєя fσя 50к ∂євιт αи∂ 100к ¢яє∂ιт ℓαтєя. ι ∂σи'т киσω υитιℓ тнєу ¢αℓℓ мє тσ fιℓℓ ιи тнє ωιииєя fσям..
M3L7991
post May 8 2015, 05:11 PM

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QUOTE(laymank @ May 8 2015, 11:02 AM)
I am actually interested to know if you have tried to contact the bank to request for excess payment to be transferred to your deposit account. There is no harm trying.
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ί αɾεαδψ αςƘ ϯհε ɓίϯ ςεες ίƘε ϯհεψ αɾε ησϯ ςմɾε ϖίϯհ ϯհαϯ αϯϯεɾ. ί ϯհίηƘ ί' ɡσηηα ɕα ϯհε αɡαίη αηδ ςԹεαƘ ϯσ ϯհε հεαδ σƒ ɕɾεδίϯ δεԹϯ.

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