Just sharing, CCRIS can be obtained by going to AKPK branch too. Useful for those having no access to BNM offices and email request takes too long.

guys,

if we purchased something online and it was refunded, is it eligible for cashback too?

Of course not

anyone know where could i pay Lembaga Air Perak with credit card for cash rebate?

which credit card u will use?

HL Wise (preferred)


Thanks

This post has been edited by fairylord: May 11 2017, 03:35 PM

Hi guys.

Sorry for this silly question for some of you.But, I am curious.

If I apply for a CC, and I purchase a smartphone with 0% Easy Scheme up to 24 months that require me to pay RM 150 per month, so I only need to pay that amount of money plus annual fees if apply right?

Is there any other sort of payment?

Yes if you pay the monthly outstanding amount on time before due date stated in statement.

Hi guys, i use my credit card to spend around RM300 two days ago. I want to make payment today but there still no posting/transaction and the outstanding balance is still 0.
I guess i just need to wait the posting/transaction come out only pay right?
But i heard something about bank will charge you interests if you pay after 20 days.
My question, the 20 days is start count from the day i spent the money or the day posting/transaction come out?

Hi guys.
Could anyone please clarify is this the correct way of calculating the interest.

I'm using Maybank Islamic Petronas Ikhwan Visa Gold credit card.
https://ringgitplus.com/en/credit-card/Mayb...-Visa-Gold.html

My statement date is every 14th and due date is every 4th.

For example this 14th May, I will be getting a statement with RM 4000 outstanding balance.
The minimum payment is 5% which is RM 200 and I paid before due date.

So the current outstanding balance is RM 3800.

For the new cycle of statement, 15th May to 14th June, for example I spent RM 2000.

So, the statement on 14th June, the outstanding balance is:

Last outstanding balance = RM 3800 + RM 57 (Interest 1.5%) = RM 3857
15th May to 14th June outstanding balance = RM 2000

Statement outstanding balance on 14th June = RM 5857

Is it correct?
Is there any fee that I'm not aware?
I called their service center and they said the calculation is kinda complex as they calculate per transaction not total outstanding balance as above.
I'm confused. Could someone please help me?

Thank you very much.

technically, you can pay without waiting for the transaction to be posted but this is not best practice.

the normally accepted best practice is, wait for statement to be .generated. the statement will show all transactions captured 30 days prior.

from the statement date, you have 20 days interest free days before the due date is up.

in summary, pay statement amount before statement due date

Thanks.
But I want to know is that the correct way of calculating the interest?
I have no problem of paying before.
It just this month kinda tight.

I'm planning to settle off the outstanding balance on the 14th June statement.

I just I want to know is the interest is RM 57?
Thanks.

i was actually replying to the poster before yours.

unable to answer your interest question as i have no idea myself. let's wait for others to chip in.

eh sorry2.
just noticed.
sorry my mistake.

Thanks.

most of the ppl here do not know or have the need to know about interest calculation
from your examples above, the RM3857 should be correct, but the new spending confirm will incur interest as well, either from the transaction date or posting date, this I'm not too sure

-deleted-

This post has been edited by wenzhenzhen: May 13 2017, 10:37 PM

It is from transaction date. And the interest of RM57 is incorrect. I can tell you because it is from my experience. I insisted the bank to give me the breakdown of interest because the amount that I calculated is different. Here is the calculation of interest.

For eg, statement date 31.5.2017. Due date 20.6.2017. Payment date is 22.6.2017. Interest 18% pa

3.5.2017 Transaction A RM200. Interest: RM200 x 18% x 50 days(3.5.2017-21.6.2017)/365days = RM4.93
5.5.2017 Transaction B RM300. Interest: RM300 x 18% x 45 days(5.5.2017-21.6.2017)/365days = RM6.66


Hope it helps.


This post has been edited by wenzhenzhen: May 13 2017, 10:54 PM

Dear all,

How to calculate my public card credit card minimum payment ?

I am new cc user ,
If I pay my minimum amount of payment and lastly still hutang RM 1000, how much interest + denda I need to pay from my next payment bill ?

Anyone can calculate for me or explain please ?

Whattt..the new spending from next statement cycle also will incur interest? Oh noo!!!

From your example it seems you paid after the due date, and I assume late payment fee will incur?
And what about the minimum payment?


And is it true new spending from other statement cycle also also will incur interest as mentioned above?

Below is the sample table that I come out. The calculation is from transaction date to 26 June 2017.
Like I mentioned before, my due date is 4 June. Below calculation is not adding into the minimum payment of 5%.
Consider I pay minimum payment on 26 May 2017. How the minimum payment will be put into the calculation?



This post has been edited by lowyatGuest000: May 14 2017, 08:10 PM