Both, as I travel alot, easily hit Rm200 every month.

OMG, it just came to my knowledge that Standard chartered interest calculation is different then all the other banks.... a totally ripoff calculation.

If you are late in your payment, your interest will be charge until your next billing cycle. Means, if you are late for 1 day... they will charge you interest for all the days until your next billing cycle. Not only for that 1 day late...

So late 1 day or 15 days = no difference...

This post has been edited by x-frame: Jun 25 2019, 05:43 PM

How can it be? means they are charging Future interest once you have even RM10 outstanding balance?

AFAIK, you have RM1500 on your statement balance. when over due date you still have RM100 outstanding(Paid RM1500).

Your RM1500 spending will hit by interest from the transaction date till the date you pay off total RM1500.

normally they have grace period

But someone did explain in early post, i forgot how is it.

I did late 1~2 days paid before but didnt get interest expense.

Lets say your statement balance is RM1000 while having a statement billing cycle on every 15th of the month and you pay late (RM1000) 1 day. Suppose to pay by 28th of the month but you pay on the 29th. They will charge interest from the day of purchase until the next billing cycle. Dont care if you settle it 1 day late or 2 days late... they will charge from your transaction date to your next billing cycle..



You can call up the CS and ask, just ask if you pay late how? they will give you an example like above...

This post has been edited by x-frame: Jun 25 2019, 06:27 PM

Some of us here said otherwise as they were charged for even 1 day late, so better pay on time.

normal for all banks.Think you need to read through Credit Card terms. I posted earlier. Once you late you lose interest free period until next zero statement balance

This post has been edited by zenquix: Jun 25 2019, 10:55 PM

Yes, you all are correct. Once its late means late, they already give 20 days interest free period excluding the free addition period when you swipe your card after statement date. Why people still want to pay late and then bising bising there? Right?

If late, just pay the interest as penalty. No argument.

You had more than 2 weeks to pay after you received the statement. Why you always wanted to pay on or after the due date? Just for the peanuts! If you don't manage properly, you will end up paying more than the peanuts.

When we talk about settle your payment, you must pay everything until RM0 (based on your statement amount), don't leave it few cent or ringgit at there.
Else, you will pay more ringgit..

However if you can't manage properly of your card, end up u will burn yourself for your finance.
From bank view, I will like this cc holder because I can earn the late payment interest.
And I don't care you late payment how many days...

This post has been edited by JuneResources: Jun 26 2019, 09:44 AM

How do you set autobill RM200 to be charged on 10th July?

Sorry never did autobill, just want to find out whether doable. I should have stated that.

call bank to bring forward the statement date.

SCB cashback is follow statements date or calendar months?

Follow calendar months. T&C says 60-90 days before can manual redeem CB online.

Oh shit... I knew I felt something not right since yesterday!
Lucky today check acc online, found out yesterday was the due date .... Now consider late payment 1 day...

Since been reading recent hot topic, im cleared all my outstanding to zero now.

You'll be charged interest. Wait for it.

what is the cutoff time considering late? after 12AM on due date?

pay on due date b4 12am, then u r safe

Let wait for my statement on 6th.

Late payment by 10 hours and with zero balance now.