Received email today:
CODE
Having reviewed your credit card account, we noted that you have made payment before due date. But as payment was not in full, finance charges was imposed accordingly.
However, we will submit your waiver request to our respective department for further action.
We would advise you to remit payment as per statement to avoid unnecessary charges.
So that means that you cannot use your cash back to offset your statement amount.
But, the weird thing is that the finance charges is at RM 18.19 which translates to
RM 1455+- spending with 1.25% per month finance charges
RM 1280+- spending with 1.42% per month finance charges
RM 1212+- spending with 1.5% per month finance charges
none of my balance falls into that.
Another thing to note is that my August statement, I paid amount after deducting cash rebate also don't have finance charges.
thanks for the update.. seem like it is more safe to pay statement amount for cimb..