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Credit Cards CIMB Bank Credit Cards V7, Cash Rebate Platinum, up to 5%

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K for Ketamine
post Jun 26 2018, 05:51 PM

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QUOTE(darkdevilrey @ Jun 22 2018, 06:33 PM)
clarified with cimb.

as long you did not settle full amount of your statement balance, hence all transaction will be charge interest, not outstanding.

in summary
Spent rm10,000.00
paid rm 9,900.00 ( before statement )
Statement balance = rm100.

paid rm 60 cash, hutang rm40.

interest charge is daily interest x rm10,000.00 x no. of days untils the ( rm40 ) fully paid.

vmad.gif  vmad.gif

crazy
*
QUOTE(darkdevilrey @ Jun 26 2018, 09:51 AM)
user posted image

this is how they tabulate the daily interest on all transaction, not only on outstanding balance. vmad.gif
*

https://www.cimbbank.com.my/en/personal/banking-with-us/tools/credit-card-interest-calculator.html

let's said out standing rm40 based on 18%, ask the CIMB CS above link calculated show less.

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This post has been edited by K for Ketamine: Jun 26 2018, 05:51 PM
K for Ketamine
post Jun 26 2018, 10:09 PM

Regular
******
Senior Member
1,188 posts

Joined: Sep 2006
QUOTE(darkdevilrey @ Jun 26 2018, 09:51 AM)
user posted image

this is how they tabulate the daily interest on all transaction, not only on outstanding balance. vmad.gif
*

found something interesting, base on formula you provided. also similar iMoney - Understanding Credit Card Interest-free Period

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if somehow you make yr payment in advance & swipe on later date (untested & unproven)

*maybe bank safe guard/supersede "-interest" suddenly feel like better than cash back laugh.gif

 

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