QUOTE(dragonteoh @ May 9 2019, 12:21 AM)
Hi guys, wanna ask.
Scenario :
I plan to buy something which cost RM11K and the shop allow installment 36 month.
My credit limit is RM7000 Only and CC billing date is 14 of every month
Understand that if wanna installment RM11K , my credit limit & available credit must above 11K.
Today is 9 of the month and i only have RM5500 credit available.
I apply installment for RM5500. The balance RM5500 will be another installment after the available credit reset.
Question 1 : Is the credit limit reset after the billing date ?
Question 2 : I had made advance payment to my FCB CC account. For the moment i din owe FCB CC any money. But when i call CS , i been told my available credit left RM5500 (Previously spend RM1500 i already pay advance to FCB but the statement only will come out on 14)
Since i owe nothing on FCB CC , why my credit limit is RM5500 but not RM7000 ?
You do know that once you do installment for the first 5.5k, it will eat up your limit and only fully "returns" back to you after you complete the installment 36 months later? So, you will only have 7k-5.5k which is 1.5k...
To add on, every month you pay 5500/36=152.78, it will add back to your limit which is 1.5k+152.78, next month continues until finish 36 months then all 5.5k will be restored.
This post has been edited by fruitie: May 9 2019, 12:58 AM