think of it like postpaid phone bill. u get once a month.

before bill date, all usages are unbilled. u don't need to pay it yet. come bill date (e.g. 24th) all usages on/before 24th will be billed. and you pay according to bill amount.

if your 24th swipe get posted to your cc on 24th, it will be showed in the statement ending 24th.

if posted after 24th, it will be shown on next statement , along with 25th and 30th swipe.

the period is 25th until next 24th.

Red pays before 14th Dec?

Blue pays before 14th Jan?

Blue pays before 14th Dec?

is this correct? my statement date is 24th

just pay according to statement that you received

alright

btw so if today 25th december i go shopping i will have 50 days interest free right?

Yes, if your statement date is on 24th.

yep, but ~50 days interest free if you spend on 25-Dec only.

the 20-day interest free is from bill date, not not everyday spending will get ~50 days.

illustration...

Thanks.

Ahh I see what u mean now. Thanks

This deserves a first page insertion at the general thread

This is an awesome illustration.

nice work

done


Merry Christmas to all celebrating! Ho Ho Ho ...

Great one.
I'm always pay on the dot ie last day of the due date for my CC via instant transfer

Whenever Cc statement is out, I do scheduled payment dated 20days later, and on the last day, my SCB bank perform d payment before 9am.

same here.

but i prefer bill date and payment due date (pdd) = same month, so that both always falls on same date.

if pdd crossing month, there'll be 1 day difference if pdd falls on March, differences is even more due to shorter day count in Feb.

guys is the 5% rebate still available ?

the transaction is based on statement cycle ? or by month ?

i used scb too, hv u encountered payment made then it's instantly reversed? (gotten sms said payment made, but login to chk can see it has been reversed)

What do u mean by instantly reversed?

When made a scheduled payment ie 10th Jan 2017 today, u will get security code for the transaction, click confirm after keyed in security code, u can see in transfer history the transaction is scheduled.

Only on 10Jan17 the transaction effected and it's show success.

for dining only, based on statement cycle

Not sure whether its the same case as I am using MBB savings to schedule payment to MBB CC and payment has been 'reversed instantly'. What I noticed is, it was due to Cash Back credited after statement date.

e.g. Statement balance = 50.00
Cash Bach credited 5.00
Outstanding bal = 45.00

I scheduled payment I using statement balance 50.00, but due to the cash back the outstanding balance is 45.00 (by the due date) and I think MBB will not accept payment with credit balance. I have experienced this instance reversal 2x and if there is no cash back for that particular month there is no problem with the scheduled payment (no reversal).

Not sure if my assumption is correct. You may check yours.

can reconfirm if cashback based on calender month or statement month?

all these while, mbb cb is based on calender month.

It's calendar month la.

using the example above, i meant on 10Jan17, i received sms said payment debited for credit card payment
then i login to chk on the same day, transfer history showed the transaction rejected, account history showed the amount deducted and then deposited back to my acc, so effectively no payment was made, i have to submit again to make the payment
Have you encountered the above?


yes, for m2u payment, it's like this, cannot pay more than outstanding balance

This post has been edited by alexwsk: Dec 26 2016, 04:32 PM