QUOTE(jern25 @ Oct 28 2015, 08:56 AM)
hi im wondering. if my statement cycle is on 28th, whatever i spend on 28th, will it appear during the same cycle, or the following statement?
depends on the posting date of the transaction. if posting > bill date, then you get billed next cycle.
for ikhwan, i noticed the posting is quite slow compared to Amex (mostly, transaction = posting).
e.g.
1) you swipe today, 28 Oct.
2) Bill statement 28 Oct.
3) the swipe got posted on 29 Oct.
4) that means, this swipe will be billed on next statement cycle at 28 Nov (~30 days extension).
5) you pay your bill at payment due date (PDD), ~20 days more.
6) in total, about ~50 days baru you repay your transaction that you did on 28 Oct earlier
benefits of slow posting is you can extend the repayment further to next bill+PDD (at most about ~50 days). if the amount is large, can temporary park the money for 1mth eFD (eFixed Deposit) to generate some minor interest.