it's easy to understand...

when you take and put rm10k in yearly fd, you can't touch the money until it mature 12 months later.
but you need to pay monthly installment of 858.33 every month = how do you get the money to pay?
if you have the additional money to pay the monthly installment, you don't even need to take the loan in the first place.

and if you take and put the rm10k in monthly fd, yes, the fd will mature monthly, so you can use the money to pay the monthly installment every month.
but as you pay the installment every month, your principal rm10k will be getting smaller every month, eventually you will unable to generate the same profit to pay off the fixed interest rate which was charged on the principal rm10k.

yeah bcs still new, only received via sms...

use watami for the 3% quarterly cash back doesn't need to be in kl.

that's a flat rate of 3% interest, which is not worth if you don't need the money.

but this offer supposed to be given to existing ocbc cc holders. bcs the offer that you going to take will be deducted from your credit limit.

it's flat rate 3% means higher in effective rate which will be higher than fd rate = not worth.

i mean 3% flat rate per annum is still not worth to put in fd. unless the fd rate is higher than 5.5%.

why? bcs the effective rate of 3% flat rate per annum is 5.49%. you may check the conversion of rates here:
http://loanstreet.com.my/calculator/flat-t...calculator.html

further explanation as below:

the difference is between flat rate vs effective rate. explanation as per above your question.

you are welcome. it's good to share information here with each other and learn from each other.

submit your latest payslip(s) or ea form or increment letter or any other documents to support your application to increase cl.

or at least after 6 months of using.

did you check the t&c? i can't be sure, but i think it should have a clause whereby you may need to use it for at least 6 months or something like that?

This post has been edited by victorywp: Apr 16 2014, 11:46 AM

i think only for new cc applications right?

This post has been edited by victorywp: Apr 17 2014, 10:15 AM

yeah, quite troublesome. for those who maintain more than 2 cc (with different cb features) will usually have an excel spreadsheet to keep track their transactions.

benefit? 1% cash back on every transaction with no maximum cap.

great, i need the ocbc mobile banking app as i have 1 savings account, 1 housing loan account, and 1 renovation loan account with them (besides 2 ocbc cc).

lol... they include the ativ phone cost into the tv price as well.

that 2 transactions surely 5 digit expenses. that's why you are so happy to be able to save a lot with the 50 days interest free. right?

yes, can be used at overseas with charges applicable.

yes, you should get watami for all insurances.