Hye guys just need to validate what is going on my mind actually.heres the scenario:

Statement date : 12 of every month
Payment due date according to the bank: 1st of every month.

So basicly im validating the part of when i should make the exact payment and when is the interest free period.

If i swipe my cc anything before 12/7(statement date),example 8/7.
Means that during the statment being issued,i need to pay on the 1st of august am i right?

And lets say i swipe my cc AFTER the statement date(12/7) example on 13/7.
I need to wait for the statement on 12/8 which is the payment due is on 1st of september(1/9) am i right?

Thanks for the help first of all.i just need to reconfirm if what i think is the correct procedure

Didnt expect to get a respond so soon.haha.
Soooo i think its best to swipe after the statement date.got longer time to wait till next payment due date.

Thank you for your kind assistance

One more question actually i need to ask,
About installment plans.this is quite a confusion actually.
Example the selected outlet which have a maybank card merchant but the shop doesnt do installment plan.its still new.
Can i like swipe the total amout of the price of the object,then call the bank and ask them to do installment plan for like 6 months?
Ps : my friend will wave the interest charges of the 2% when i swipe for the object

My friend is the one is selling to me the object.meaning interest from merchant.so hes gonna waive the 2% interest when i swipe with him.the one at maybank is obviously not my friend haha.

So even though call maybank to do indtallment with them still will charge interest?

Can anyone explain to me about the 9% per annum interest?

Still await my reply for the 9% per anum.cz my friend say the 9 % interest charge will divide to the months for the installment plan.

Edit : sorry didnt see your reply heh.

This post has been edited by Criss Malvory: Jun 20 2014, 11:42 AM

Heh youre the best.arigato.thank youuu

Yeap i just brought my 3 month pay slip.settle i think in less then 2 weeks.
got friend working in bank so i think thats why i got earlier abit lol