Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsMaybank Islamic MasterCard Ikhwan Platinum/Gold, Another Fantastic 5% Cash Back Card
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 Oct 8 2015, 11:46 AM
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#1
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Senior Member
1,533 posts Joined: Aug 2007  
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Being using this card for 1 month only.. this is my first credit card.. i got a question.. i always clear my outstanding balance.. however, the statement balance is still there.. The statement due date was 28th Sept.. i cleared all the outstanding balance before 28th.. Anyone can guide me on this?
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Oct 8 2015, 05:01 PM
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#2
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Senior Member
1,533 posts Joined: Aug 2007
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QUOTE(cybpsych @ Oct 8 2015, 11:59 AM) statement balance will always be showing your last statement amount. I see.. Sorry for noob questions because this is my first credit card.. In what situation will I be charge interest?once new statement is out (8 Oct), the statement balance will be reflected accordingly. no need to clear ALL outstanding amount geh. just remember to clear statement amount by due date. the remaining outstanding (called Unbilled Outstsanding) will be "converted"/billed in your next bill (8 Oct).  And when is the bill cycle? because the statement only show up on 8th but due on 28th.. Thats not even 1 month.. This post has been edited by Aquariusdenz: Oct 8 2015, 05:03 PM |
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Oct 8 2015, 05:16 PM
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#3
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Senior Member
1,533 posts Joined: Aug 2007
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QUOTE(fruitie @ Oct 8 2015, 05:07 PM) Free interest period for all credit cards is 20 days not one month. Ok now I get it.. I swapped something on yesterday and today, but it havent post up yet, so these amount will show up tonight after 12am or 8th of next month? Your bill cycle is 9th of this month to 8th of next month. |
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Oct 9 2015, 09:14 AM
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#4
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Senior Member
1,533 posts Joined: Aug 2007
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1 question guys.. let say my statement balance is RM800, minimum balance is RM45, if i pay RM500 only. Will i get charge interest?
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Oct 9 2015, 10:51 AM
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#5
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Senior Member
1,533 posts Joined: Aug 2007
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QUOTE(cybpsych @ Oct 9 2015, 10:21 AM) in short, pay back in full what u owe, each month. Owhkay.. Dont owe statement.. i got it.. =)always follow statement, and pay back accordingly. |
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Oct 9 2015, 08:26 PM
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#6
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Senior Member
1,533 posts Joined: Aug 2007
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I am using this card for EPP, can I pay more each month to clear the amount faster? If yes, how?
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