So cheap meh? If I pledge FD, should I do it at my local Maybank or go Midvalley?
Then when I want to remove pledge need to go back to the place I pledge?

Gold only oh... If use salary only need RM 30k per annum which is only RM 2.5k per month, so of course FD amount is not much.

This post has been edited by fruitie: Jun 17 2015, 09:15 PM

Not working yet la.

So my question is not answered yet. If I pledge FD, should I do it at my local Maybank or go Midvalley?
Then when I want to remove pledge need to go back to the place I pledge?

I'm not obliged to answer every of your questions.
I don't pledge FD to get credit cards, let others answer you.

This post has been edited by fruitie: Jun 17 2015, 09:19 PM

OK. Thank you.

May i ask, if I pay the outstanding amount in full every month once the statement are out, will there any finance charges/interest ?

Or whats the best way to avoid any finance charges/interest ?

Thanks !

No, you won't be charged with any interest.
Once the statement is out, you have 20 days to pay.
The date is always mentioned on the statement or you can easily view the date on M2U.

nope

Any branch. But go to bigger branch for faster services, I think.

To remove, you'll need to go to the same branch, clear off the outstanding + 90 days before you can get back your FD.

Please note that FD placement would be at base interest rate instead of promotional rates.

Meaning it's probably 3.3% p.a. with your money locked away for 12 months. The branch will keep your original FD slip so all you'll get is a photocopy of the slip.

Once FD is removed, card is also removed right?

FD amount = Credit Limit amount?

Thanks for the reply.

Last month i didnt pay in full, this month i paid in full before the statement date, but I been charge with interest on the statement date this month. Thats mean the interest charged are actually from last month ?

HI,

Thank you for your reply.

I have a few questions:
1. What I meant is when I am working, I would like to get back my FD by showing proof of salary. I'll need to go to the same branch, clear off the outstanding + wait 90 days to get back my FD?
2. Is it true that it only need RM5000 in FD to get the card?
3. Is the RM50/card tax still there?

Er...
Sure it is interest?

Sometimes Maybank just advertised 8.88% interest but that doesn't mean you got charged.

If really yes, then it is from last month... I'm not been charged with interest before, so can't really answer.

for fd, you can only remove your pledging at the same branch.

Yeah, im sure it's interest, bcos i checked by viewing statement detail in M2U, it stated Finance Charges and the amount. But i thought interest are already charged last month, n i shouldnt be charge this month if i pay in full before the statement date or within 20days after the statement date ? Im confuse.

Maybe you can share a screenshot here and let others advise you.

Do we still need to pay RM50/card?

No, with the implementation of Goods and Services Tax on 1st April 2015, Government Service Tax is no longer applicable.

Nice. But then gov where got so nice abolish the RM50/card. If they abolish that, sure 6% GST some where. Or there is no 6%?

Below is my screenshot. On 9/6 I made full payment so my outstanding is RM0, 11/6 I used the card, but 12/6 i made the payment so it become RM0 again. 12/6 i used the card again but when i try to pay on the statement date, which is 14/6, i saw the amount is more than the amount i used previously on 12/6. So i checked the Statement details n found out im being charged with interest.