bump u here for general questions ....

usually malaysian merchants only accepts Malaysia CCs.

you need to check with respective merchant whether they accept non-malaysian cc.

Bankruptcy cases involve 294,000 Malaysians a year, says Abdul Rahman

https://themalaysianreserve.com/2017/09/15/...y-fixed-income/

A TOTAL of 294,000 Malaysians are involved in bankruptcy cases due to their failure to settle hire-purchase loans, credit-card loans, personal loans, housing loans andsocial guarantor debts (due to errant debtors) in a year, said the Department of Insolvency DG Datuk Abdul Rahman Putra Taha yesterday.

He said according to the department’s statistics, 70% of bankruptcy cases involved individuals between the ages of 35 and 45, and around 8,000 to 20,000 individuals were declared bankrupt for numerous reasons in a year.

“The individuals involved have been urged to come forth and find a solution together with the department and the Credit Counselling and Debt Management Agency to avoid prolonging the debt issues faced. Do not be ashamed to deal with us.

“We are always ready to help them to overcome their state of bankruptcy and file a motion to lift their status through the court,” he told reporters after heading the department’s Corruption-Free Pledge signing ceremony with the Malaysian Anti-Corruption Commission in Putrajaya yesterday.

Abdul Rahman said the Bankruptcy (Amendment) Bill 2016, which was passed in the Dewan Rakyat in March and expected to be enforced in October, will include eight policy changes that will be explained during a nationwide tour.



9 key changes brought about by the Bill:

http://www.zicolaw.com/legal-alert-malaysi...nsolvency-laws/

1. Voluntary Arrangement introduced as a new rescue mechanism
2. Stringent requirements for service of bankruptcy notice and creditor’s petition
3. Single order of bankruptcy introduced

4. Minimum debt threshold has been increased
The minimum debt threshold for the filing of a bankruptcy petition has been increased from RM30,000 to RM50,000.

5. Stronger protection for social guarantors
6. Leave of court required to commence bankruptcy proceedings against other guarantors
7. New list of bankrupts to be allowed discharge
8. Automatic discharge introduced
9. Establishment of the Insolvency Assistance Fund

from statement date

usually throw

normally no issue with transaction and info can be retrieved back by system anyway.

dont think so, it's just a post-transaction notes, has no valuable info to trigger a transaction. furthermore, there is SMS notification or OTP to your mobile.

keep few days lor, until unbilled transaction posted into your card. check via internet banking.

who knows sometimes there is erroneous transaction from merchant, then can dispute.

there is a reason why credit card is known as unsecured loan and why rm7k fd is known as collateral to the cc/unsecured loan.

direct thru bank is already the better choice.

the question was which option is better, so direct from bank is better.

if u hunting for gifts, then RP. but get ready to wait or angry or annoyed if they process it very very long. some ppl paranoid to submit info thru RP as well.

dont be lazy and post more details.

1) what bank? public bank?
2) what card?
3) if pbb, flexipay? if not, what type of installment program?
4) have you checked the T&C of the installment program? any early settlement fee?
5) are you sure you have remaining 4 months left? do you know how to read the info on the statement? i assume u know since you're going to settle the balance.
6) what is your card's statement date?

straight answer: NO!

you should not use cc at all if you continue with this cc repayment practice.

reason: read above explanation.

if possible, please try to make complete payment to clear statement balance by due date.

usually, you would have +20 days after statement date to clear the outstanding in your statement.

pay according to details listed in your statement.

if just pay min or not full, the remaining balance will attract interest, and it's not pretty as the rate is high.

refund? what exactly are you referring?

other cards with cb usually credit cb by calendar month or statement month.

afaik, not other banks.

Cops cripple condo post box syndicate

https://www.thestar.com.my/news/nation/2017...-box-syndicate/

KUALA LUMPUR: Police have crippled a syndicate that intercepted cheques and credit cards at post boxes in condominiums following the arrest of five suspects including a woman.

City police chief Comm Datuk Mazlan Lazim said that the group, known as the "Ah Chong" group, would alter the cheques or use the credit cards to purchase items online before selling them for cash.

He said the modus operandi of the syndicate was to intercept cheques and credit cards that were sent through post at letter boxes in apartments and condominiums.

"The syndicate members would then purchase items online that were easily sold for cash such as handphones," he told reporters after witnessing the handing over of duties to new Cheras OCPD Asst Comm Abdul Ghani Mohd Ji from Asst Comm Chong Kok Sin at the Cheras district police headquarters here on Thursday (Nov 9).

Comm Mazlan said the suspects, in their 30s and 40s, were arrested during a raid at about 7pm on Nov 4 at a condominium at Jalan Ampang here.

He said police also seized several MyKads that were believed to be fake, handphones, laptops, several debit cards and credit cards, cheques as well as equipment that were believed to be used to alter the cheques.

"We believe that the syndicate has been active since August," Comm Mazlan said.

conversion to installment at the point of purchase is called EzyPay

there are options to opt 36 months (max). for this you need to check with the merchant if they open this option.

2nd scenario

each monthly installment cleared will restore the CL gradually.

not dumb.

statement-ed amount never change. it's fixed. it doesn't TELL you to pay, it's just a statement info for the current cycle USAGE. it's just like postpaid mobile bill.

what u truly owe is outstanding amount. it increases or decreases according to spending or payment.

benefit of postpaid-monthly billing is you only need to clear each statement amount, latest by due date. any newer spending after current statement date, will be billed in next statement cycle.

since u cleared all outstanding amount, then it's fine anyway. it doesn't CHANGE the fact of your statement amount, right? what were spent is documented in the statement.

This post has been edited by cybpsych: Nov 26 2017, 08:13 PM

bump you here

it's called Cash Advance, and definitely come with certain % rate. check respective card/bank fees.

whether this is a smart move, hope you can decide and weigh the pros-cons, whether it's worth or not.

there are few more lah, depends on your spending behavior lor

post here la https://forum.lowyat.net/topic/4161836/

another matter is whether you can apply all these cards or not also be mindful on the AF for MBB VS, got min spending.