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Credit Cards Maybankard 2 Gold & Platinum Cards V14, #PrayForM2Amex #ripM2Amex

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bunnyzai
post Jun 28 2015, 09:05 AM

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QUOTE(fadzly @ Jun 28 2015, 09:00 AM)
CONFIRMED. IVE CONTACTED THEIR CS. 1ST AUGUST, NO MORE WEEKEND 5% CASHBACK. ONLY DINING CASHBACK WILL BE GIVEN. NOT QUITE SURE ITS APPLICABLE TO WEEKDAYS OR NOT.

GG EVERYONE..
*
this is really a sad news.


bunnyzai
post Jun 28 2015, 09:35 AM

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QUOTE(fadzly @ Jun 28 2015, 09:09 AM)
sad indeed.. damn..............

1st their treatpoints revision
2nd removal of cashback....

DAMN!!!!

any others great alternatives?

TS come bring new comparison review...

with x5 treatpoints, i cant live without cashback!
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Way to spend my morning... Researching about cc sweat.gif

So far, I found the alternative... For annual income >RM30K

Maybank Islamic MasterCard Ikhwan Gold Card = 5% cb on petrol n groceries

MBBAmex = 5% dining as stated

HLB Wise = 10% cb

PB Visa Signature = 6% on dining, groceries and online transcation.

Probably I will cancel MBBAmex and take HLB Wise (therefore increase my spending doh.gif ) or just use Ikhwan + PB Visa


bunnyzai
post Jun 28 2015, 10:17 AM

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QUOTE(David83 @ Jun 28 2015, 10:14 AM)
For those who have Autodebit/Autopay tied to any of these two cards, can start to work to cancel or shift to other cards. biggrin.gif
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Ngam ngam timing as my postpaid contract ending soon. Might as well remove the auto-pay on my Amex with no cb and inflated TP.

Maybe tag it to my new soon to apply HLB wise for 10% cb cool.gif
bunnyzai
post Jun 28 2015, 11:55 AM

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QUOTE(victorywp @ Jun 28 2015, 11:18 AM)
/k sifu? are you at the wrong section? laugh.gif
if you exclude all the big banks, what do you expect? tongue.gif
anyway, there's still vva+am1 cc which offering 3% cb per quarter for you to try.
if you are qualified for p66 v5, why not... nod.gif
min income requirement for p66 v5 is rm100k...
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yes min for pb visa signature is rm100k. Didnt realise I group them together and might cause misunderstanding.

Sorry guys.


bunnyzai
post Aug 15 2015, 11:24 AM

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QUOTE(bearbear @ Aug 14 2015, 12:38 AM)
The station doesn't accept AMEX. I experiened this once at Petron. The guy there told me do not accept AMEX, despite the machine acknowledge Amex.
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Agreed. I tried until I have to call CS to unlock the card. If once failed, then it most likely doesn't accept AMEX.
bunnyzai
post Aug 15 2015, 11:24 AM

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QUOTE(bearbear @ Aug 14 2015, 12:38 AM)
The station doesn't accept AMEX. I experiened this once at Petron. The guy there told me do not accept AMEX, despite the machine acknowledge Amex.
*
Agreed. I tried until I have to call CS to unlock the card. If once failed, then it most likely doesn't accept AMEX.
bunnyzai
post Aug 22 2015, 11:45 AM

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QUOTE(Khrlzmn @ Aug 22 2015, 11:25 AM)
So, the easy way to avoid interest is to pay full amount of statement balance and try to pay the outstanding statement balance even for small amount every month until the outstanding balance setel la?

Let say if statement balance every month is 1500 and outstanding balance is 500 then i need to pay 1500+5% of oustanding balance every month until the outstanding balance setel to avoid interest. Is it correct?
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Let's say when you login to m2u and see your cc details,

Statement balance - RM 1.2k
Outstanding balance - RM 1.5k

(Outstanding balance usually more than statement balance as it combines your previous month spending with current month spending)

In that case, to avoid interest, pay RM 1.2k by the due date.
Let's say you didn't bay in full of RM1.2k (you paid RM1k), then remaining RM200 will get interest depending on the card policy.. maybe 10% or RM50 whichever amount is higher (please check as I always pay my statement balance in full thumbup.gif )

The RM 500 from the outstanding balance won't get charged for interest until it appears as statement balance next month.
bunnyzai
post Aug 23 2015, 02:45 PM

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QUOTE(zenquix @ Aug 23 2015, 12:15 PM)
incorrect. if you do not pay statement balance, the remaining amount + all new transactions from previous statement date is subject to interest
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Called CS and her understanding is same as mine. To curb my curiosity, I searched for the FAQ in M2U.
Bear in mind, it is much more complex as we have 20 days free interest period with conditions.

http://www.maybank2u.com.my/mbb_info/m2u/p...RD-Cards#117015


Quoted from M2U, if you read all the FAQ in the page, it gives the impression that you already have an existing unpaid outstanding balance.
QUOTE
6. How will I now be charged interest?
If you pay on partial or minimum payment to your outstanding balance, you will be charged interest on remaining outstanding balance and on whatever transactions posted between your previous and forthcoming statements.


Another quote which gives the impression if you don't have previous unpaid outstanding balance,
http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

QUOTE
2. Late payment charges and interest free period

To further encourage prudent financial management, the following revisions will be effective simultaneously:

Late payment charges

If the minimum payment is not made by the payment due date, a late payment charge will be levied at 1% of the unpaid retail and cash advances/withdrawal transaction outstanding balance, subject to a minimum of RM10, whichever is higher up to maximum of RM100
Interest free period for retail transactions

No charge for 20 days from statement date if you have paid the full amount of your previous month retail transactions.

If you opted to pay partial or minimum repayment of your previous statement account, the finance charges on your unpaid retail transactions will be calculated from the day the transaction is posted to your card account.



Feel free to add your opinion on this.
(If only M2U comes out with scenario based FAQ with the calculation, it will save the trouble for end users. )

Generally, pay in full for your statement balance. Don't get credit card if you can't manage your own finance smile.gif

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