Unless you pay off your spending after you swiped, else it is kinda difficult for you to enjoy the 20 days free interest period with only RM1k limit.

This is what most of us, if not all, do basically. But in the case of RM1k limit, and let say your statement date is on the first day of every month, you will pay the statement balance on 21st correct? If so, your RM1k limit will be freed on that day (assuming you have used up all of it), what happens is you only have 10 days or so to maximize your rebate (2-4 days techincally speaking). This is what people with low CL will be facing, I know because I went through that as well.

Eg. - Assumed that you haven't spend yet with your CC
1/8 - Statement date
- Deposit RM1000 into 1 month FD earning 3.15
21/8 - Payment date - nothing to pay

From 1/8 until 31/8, one spend ONLY RM1000 with the CC

1/9 - Statement date
- One have RM1000 to settle by 21/9
- Withdraw the RM1000 (From FD) and put RM1000 into M2Savers (assumong M2Savers have RM2000 inside to generate interest. The RM2000 interest will not be counted in this eg)/Ambank True Savers to earn 2.25%/2.8% resoectively.
- Deposit RM1000 (interest from 1 month FD) into 1 month FD
21/9  - Payment date
- Withdraw RM1000 from M2Savers/Ambank True Savers and settle your bill
- One now have RM1.25/1.56 + RM2.63 (interest from FD)

If one were to do this for 1 year, one will accumulate  RM15/RM18.72 + RM31.56. That is RM46.56/RM50.28 per year by sticking to spending only RM1000/month. Free money from the bank. Money from thin air. Not counting the cash back from credit cards yet.

The above are egs which are done using internet banking which will not use up your petrol to run to the bank or to find parking space. So if you want to factor the cost of IBG, it will cost RM1.32. You can deduct the IBG cost from the final later on.

Apply a card but don't want to use it for first month?

https://forum.lowyat.net/index.php?showtopi...post&p=75681562
Above is my own reason for low CL.