Got week 7 cash back....

Yup.... Week 7.... and the last transaction I believe, was even on Thursday... so it was unexpected....

This post has been edited by BeastX: Jun 18 2015, 03:46 PM

CIMB limited to RM600.... PB VS 6% up to RM1k, though annual income needs to be >100k....

Curious.... for this month's statement, I didn't get the 5% & 2% "cash back" at all...?!

Note unlike banks such as MBB,,,,cash back (promos) by CIMB is not considered payment of your statement... It appears the same applies to the standard monthly cashback (5%/2%/0.2%)...

Example: If your statement is RM500, and you get RM200 cash back before your statement is due....and you pay only you outstanding balance of RM300, you'll be charged interest of the RM300 even though technically you owe them nothing... Once bitten, Twice shy....

This post has been edited by BeastX: Jul 30 2015, 08:17 AM

Yes....it'll be the first item in the next statement.... and you'll have to pay your statement in full (not minus the "cb" out) or you'll be charged interest (on the "cb" amount)...

My statement is on the 28th.....without CB. The CB is the first item on the following "un-billed transactions"

Yup... and make sure you pay your full statement without deducting the CB... or you'll be charged interest on the CB amount...

With CIMB.... cash back is only acknowledge on the date of the statement..

Also make sure would pay your statement in full for July.... and the CB is meant for Aug's statement... "to avoid interest"

This post has been edited by BeastX: Aug 1 2015, 09:58 AM

You don't need to with other banks (MBB, ABB).... in which you could deduct the CB from your statement...

Any cash back from CIMB will only be valid at the next statement... This is regarding all the previous CB from promotions, not monthly one, as this is the first month where it's done, so who knows (CIMB does), but just to be safe pay in full... so you pay before you get it back...

I believe there are no banks that would update the "statement balance".... even if you make the full payment immediately...

"Outstanding balance" will be reflecting your cash back...

You'll notice the "min payment" amount still stands.... MBB would deduct it, not with CIMB....

A year or so ago I got RM200 in "cash rebate" well in advance of my statement due date, I excluded it from payment on the due date, and I was hit with interest of a few ringgit on the following statement 2 weeks later... so even with wining the recent RM100 cash back, I paid my statement without exclusion... Once bitten twice shy...

This post has been edited by BeastX: Aug 3 2015, 08:20 AM

No more cash back for air tickets? MAS or AirAsia....

There the option for Paypal to do the conversion for you.... which will not have a good rate (in addition CIMB adds 0.8% for MYR through PP), letting the bank to do the conversion would be prefered

This post has been edited by BeastX: Sep 11 2015, 02:36 PM

No.... Cash rebate follows statement, but it comes in the next statement....

This post has been edited by BeastX: Sep 17 2015, 07:39 AM

28th to 27th....

Paypal for ebay in foreign currency .... fine...

but anything in Ringgit through Paypal, you'll be charged 0.8% cross border fees.... so you're effectively only getting 4.2% cash back, within the monthly online RM600 limit...