Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards Maybankard 2 Gold & Platinum Cards V11, Pls read post 1-3 & use Search Topic 1st
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 Jan 12 2015, 10:40 AM
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#1
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Junior Member
144 posts Joined: Oct 2009 
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Hi guys. Just want to ask something. My wife is using the mb2kard and she was late for a card payment last month (1 day late
 ) anyway, on her card statement now it is showing 17% retail interest rate instead of the normal 8.88%. She called the bank and they said its because she was late for payment once, and the 17% interest rate will persist for 1 year before going back to 8.88%. Has anyone experienced this before? How come the penalty is so harsh? |
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Jan 12 2015, 12:23 PM
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#2
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Junior Member
144 posts Joined: Oct 2009
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QUOTE(victorywp @ Jan 12 2015, 10:57 AM) i forgotten to pay recently too and got late payment + finance charge and also have my 8.88% to become 17%. thanks, good to know it can be reversed. will give it a try with the CSi called the cs and got all waived and the 17% revert back to 8.88%, all show in the following statement.  |
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