Balance transfer question. For 6 months 0% BT, if the full payment not yet settled, does it affect the interest free grace period for retail transaction? For cases like HSBC, they do not have separated account for BT, thus further retail tranx will be imposed management fees (no interest free period).

How AEON calculates the interest period in this case (still within 0% BT repayment period)? Closing of statement or from the day we perform retail tranx?

For example:

Monthly statement closing period is 5th, due date for payment is 25th (20 days grace period).

20 May - Retail Tranx - RM100
05 Jun - Statement Closing.
---> Interest start counting from 6 Jun on amount RM100?

What if I settle the Retail Tranx amount before 05 Jun ?

This post has been edited by engtat: May 22 2015, 07:42 PM

Let me re-adjusted the date so that it reflects the actual situation. If I settle the balance in full every month, I understood I can enjoy interest free period, and my current experience only without Balance Transfer.

02 May - Balance: RM 0.00
25 May - Retail Tranx - RM 100.00
10 Jun - Statement Closing.

So I have the time until July 2 to settle the payment without being charged the interest. Perfectly fine.

What if I carry 6 months balance transfer of RM6,000 for example.

02 May - Balance: RM 0.00
25 May - Retail Tranx - RM 100.00
09 Jun - First repayment of BT - RM 1,000.00
10 Jun - Statement Closing.

Question is for my retail tranx @ RM 100, would I get charged interest if I settle the payment before July 2?

The term 7b made me worried, cause balance from BT still considered outstanding balance.

What if I pay my retail transaction of that RM 100 before statement closing on Jun 10?

Thanks for the replies before the reply getting impatient actually my question might be a bit confused. If I settle the BT repayment and monthly statement on time, whether my retail transaction can enjoy interest free period or not. After going through the T&C few times, I guess the answer is yes. Will call CS to verify.

Cause for HSBC case, their 0% BT promo, as long as you have not settled all the repayments, all retail transactions cannot enjoy interest free period.