due date + 2days?

if yes then i should just do future payment on duedate, can earn more interest.
for now i always pay 2days before the duedate.

even if u IBG on due date, still safe. that's what i always do, unless due date falls on Saturday, i pay on Friday instead.

most banks have about 2 days grace period after due date.

I always pay on due date for all banks. For other banks I use GIRO from Maybank but I will ensure to pay before 10 a.m. so that the other side can get it within the same day. This only applies to working days. If Saturdays are the due date, I will pay via GIRO on Friday. If Sundays are the due date, I will pay on Monday's morning. I don't encourage nor responsible for any late payment charges.

This post has been edited by fruitie: Jun 16 2016, 09:52 AM

thanks for this, managed to upgrade from deluxe to premium room for thai vacation with additional RM4 after discount
Now can enjoy better room

cool. learned something useful today.

mine is just in m2u saver, so i can just pay it on the duedate itself now.

Some corrections, I pay before 11.00 a.m., not 10.00 a.m.

Just my 2 cents, I don't encourage ppl to pay on last day, coz u won't know when the bank has system issue where ur transaction didn't go through successfully n get return to ur account without ur knowledge..

Just to share my understanding on bank system..

yeah, if m2u -> mbb cards, anytime

if ibg -> mbb cards, perform before noon is safer; just so the fund is transferred within same day (although the actual ibg timetable is by 5pm for same-day transfer by 11pm).

If you see my previous post, I did mention about "I don't encourage nor responsible for any late payment charges." I can take the risk and there is no way in my statement I encourage anyone to do it.

This post has been edited by fruitie: Jun 16 2016, 10:28 AM

Yeah, I saw that.. I just want to add the points to ppl that y we shouldn't pay on last min.. I just want to share my knowledge on bank system, no offence ya..

Yeah, no issue. It is good to highlight as well.

some ppl just do not have money to spend and still want to enjoy life...or they really need money and no choice to wait salary or money before can pay .

But, they should look for alternative like to take personal loan which have lower interest rate.

BUT, pls take note all these ppl MUST know what they doing ..they should not take personal loan or delya pay cc bill if they are no afford.

Just do nto spend if no afford.

Take personal loan is no good solution to settle cc outstanding.
But , Personal loan is still better than no paying credit card outstanding, rite?

Better we stop here...it will be out topic

off topic. if your personal loan can bring return better than the interest, why not?
u must understand the loan is not = bad.

This post has been edited by wan7075: Jun 16 2016, 01:08 PM

This way you are not enjoying the benefit of 20-day free interest period. It is not the best way when you can earn more interest in other ways.

My salary is also out by 20th of the month and I have statement dates all over the month for different banks, still I have no issue to pay in full all the time and I enjoy 20-day free interest period. Financial management is important. It doesn't matter when your salary is paid, it is how you manage it well.

This post has been edited by fruitie: Jun 16 2016, 01:28 PM

Also, for Maybank specifically I arrange payment on the day itself using future transaction. Why waste interest in my M2U savers-I account by paying any earlier than needed? Prudent financial management doesn't mean ignoring the benefits of interest free periods.

Yes, we can. That's why I mentioned this in my previous post: "It is not the best way when you can earn more interest in other ways."

This post has been edited by fruitie: Jun 16 2016, 02:14 PM

As a Maybank user, I advise you to check out M2U savers-I. CIMB and others also have similar, higher-interest (still lower than FD), daily calculated interest-bearing accounts.

And also Maybank GIA-i which I'm also using now.

I also paid on due date...
cause can earn some interest. money is cumulated from every single cent for me...