QUOTE(rojakwhacker @ Sep 13 2019, 10:52 AM)
For me,
Con:
- Deposit RM3k per month (tough)
- Invest/Insurance payment (tough)
- Campaign 6% interest end 31 December 2019 (may be renewed).
Pro:
- Spend RM1k by credit card
- Total 6% interest only if meet all 3 conditions
- Debit card withdraw waived at ALL atm in malaysia.
I will say that, assuming 100k (Max) in that account, do everything required, will make you 6000 a year (IF ceteris paribus);
end up being only paying RM6300 (12000-6000+300) to have RM12k in unit trust account.
Even if the investment turned sour, you need to lost like 50% in unit trust before seeing red, not to mention such occurence is rare, especially when buying monthly.
Verdict: should they choose to renew next year, I shall move some dough from of ASM into this.
Caveat: What if they made ewallet top up by card ineligible someday in future? what if they choose not to extend this Jan 1?