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Credit Cards Maybank Visa Signature + Barcelona Visa Signature

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l4nc3k
post May 31 2019, 09:08 AM

Nerd
*****
Senior Member
968 posts

Joined: Aug 2012
From: Subang Jaya


A bit confused on how this credit card cycle works.

So lets say that my statement is always on the 11th of any month. On May 12th, I cleared my previous month balance and used RM1k for May’s 10% cashback. Can I still use the ‘last minute trick’ to only spend RM500 for next month’s cash back or it doesn’t work that way?

I always thought that the cashback quota resets after every statement.

Thanks in advanced.

This post has been edited by l4nc3k: May 31 2019, 09:08 AM
l4nc3k
post May 31 2019, 09:23 AM

Nerd
*****
Senior Member
968 posts

Joined: Aug 2012
From: Subang Jaya


QUOTE(cybpsych @ May 31 2019, 09:15 AM)
wrong assumption.

mbb cashback is reset by calendar month.
statement cycle is not in the picture. it's just for your monthly payment cycle.
*
So in my case.. if the trick worked, I should get rm150 cash back on my next statement cycle (June 11th)?
Rm100 from May and Rm50 from June.

Thanks sifu
l4nc3k
post May 31 2019, 09:24 AM

Nerd
*****
Senior Member
968 posts

Joined: Aug 2012
From: Subang Jaya


QUOTE(fruitie @ May 31 2019, 09:16 AM)
Yes, you can provided transactions will be posted in next month.
Cash back is based on calendar month for all MBB cards.
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Thanks fruitie.
Is it the same for all credit card companies? Public, standard chartered, mbb?
l4nc3k
post May 31 2019, 09:31 AM

Nerd
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Senior Member
968 posts

Joined: Aug 2012
From: Subang Jaya


QUOTE(cybpsych @ May 31 2019, 09:28 AM)
nope

you get may's cashback on 1 June (viewable in m2u by 2 June), which will be in your june statement. however, your cross-month transaction will get billed in your june statement as well. so, you pay first.

spending in June will get cashback on 1 July (viewable in m2u by 2 July), which will be in your july statement.
dont get confused between cashback cycle vs spending/statement cycle.
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I see.. understood sifu.

I only had public bank card before this and the cashback always come together during statement date (17th in my case) so got a bit confused there.
l4nc3k
post Jun 1 2019, 12:19 AM

Nerd
*****
Senior Member
968 posts

Joined: Aug 2012
From: Subang Jaya


QUOTE(Human Nature @ Jun 1 2019, 12:13 AM)
how do you check?
*
Probably tried yesterday or few days before..

 

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