Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards Credit Card v18, Post/Ask general questions here, Please read post 1-3 before posting, tq
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 Feb 8 2014, 06:07 PM
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#1
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Senior Member
1,701 posts Joined: Oct 2010 From: Under your bed 
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Hi, I would like to ask about the cash advance thingy. I've got this CITIBANK clear card and I'm wondering if let's say I'm about to use the card to withdraw some cash due to emergency. What are the interest rates?
QUOTE Citibank: 5% of cash amount (min RM20), and 18% p.a. daily interest (N/A for Ready Cash) means if I withdraw 1k today, the interest will be charged everyday until I pay up the full amount of 1k + interest? Thanks in advance. |
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Feb 8 2014, 11:12 PM
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#2
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Senior Member
1,701 posts Joined: Oct 2010 From: Under your bed
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QUOTE(charymsylyn @ Feb 8 2014, 09:26 PM) Yes, 18% p/a daily compounded interest on top of the withdrawal charge. wow. thats hefty. Thanks anyway |
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