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Credit Cards Maybankard 2 Gold & Platinum Cards V13, Treats Fair on 11 till 14 Jun 15

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Mystycat
post Jun 15 2015, 11:41 AM

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Hi there, I just got my card via treats fair last week. I am confuse with credit card payment and credit card installment.

Lets say that I wanna buy a phone (RM1200) from telco with credit card payment, how will I pay back to bank? Is it pay in lumsump when my bill comes or by monthly sikit sikit?

If I use credit card installment then definately is monthly payment.

Cuz some telco is offering credit card auto debit and installment, so to a newbie, I am kinda confusing. haha

Thanks
Mystycat
post Jun 15 2015, 12:21 PM

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QUOTE(maskedchan @ Jun 15 2015, 11:55 AM)
if you did not opt for any installment, then you need to pay lumsump when the statement date come..

there are two type of installment here. one is from bank and another from merchant..
if you opt for any installment, then you pay monthly payment

bear in mind, some installment will have extra charges or fees..
*
I see. Then auto debit from telco should be their telco plan payment.
Thanks for the clarification smile.gif

This is my first CC. If I have already opt for installment, will my credit limit be freeze till I settle this installment?

This post has been edited by Mystycat: Jun 15 2015, 12:23 PM

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