If I am not wrong, early settlement charge RM100 apply.
Don't assume you can simply cancel a CC and transfer the outstanding balance to another PB CC, and without charge, not always like Maybank CCs!

is public bank now allow to apply only Quantum MasterCard ?

i'm previously was Quantum Visa & Mastercard holder. Too bad i make wrong decision to terminate both card due to SST.

Now was planning to re-apply back , but i want the MasterCard only.

Yes.
Please indicate in the application form.

smart people won't cancel the card just to transfer the installment to another bank, just BT from another bank and keep the money in the credit card and slowly pay off month over month till the end of the tenure without paying the RM100, just need to pay the SST lo, unless the tenure is more than 4 years

RM3k @ 12 months BT -> savings/earning less than RM50, but early settlement penalty is RM100. Worth it?
Not like those BT >RM10k (including you) gain a lot in the first few months enough to contra the potential loss, so they don't really feel hurt if exit.

Thank you all. Finally I understand the BT concept.

Today, I found a very weird issue, I have not manage to pay fully for a month but the interest charges of 15% shock me as roughly I am outstanding around RM500 but the interest is RM90++. This is the response that I have from them:

We would like to inform that your payment for October 2018 statement's outstanding balance was not in full resulted all new transactions to be calculated for finance charge starting from the posting date of the transaction.

This basically means on 5 Nov, I settle partial of my outstanding to min payment to outstanding balance RM500 bringing forward for next statement, to my shock my new spending for the next billing of RM9K with the balance of RM500 is charge together with the 15% interest.

I am just curious is this the way interest been charge actually.

This post has been edited by stevenkkh: Nov 27 2018, 05:54 PM

sorry if this is repeating question...

i just received my 1st statement for my pb petron cc...
inside already charged with service tax sst rm25...

anybody successfully got waiver for this sst from cs?

Yes. Thats why never only pay minimum. Always pay statement balance in full.

Yes, I just regret why I did not pay fully for the mere outstanding of RM500 as I thought the RM500 will be charge 15% interest only but not the new spending for the month.

This is something new which basically means to me if ever there is outstanding for me, I will not spend anymore new transaction if I have not pay in full for previous month.

This is not something new. It has been ages n it stated in your statement. Just that you didnt read it.

iinm, that's how it's being calculated, not just outstanding amount but all new transactions. u literally lose the interest-free benefit.

I see many have this perception and goes into the trap.

thanks for sharing.

i see.
i was just about to ask the same thing.
i accidentally pay less rm10 last statement n shocking to see got financial charge rm1.85 for a mere rm10.
is other bank basically the same?

Nope at least nothing was reported by users in this forum. Just pay up the SST if you are going to utilize the card fully.

yes, it's the same for all banks. if you don't pay in full, any outstanding (including new transactions) will be charged interest on daily basis as well. correct me if i'm wrong.

The financial charge is mainly due to the new transactions, not only the underpaid amount. You pay a few sen less you will kena as well, not like the previous scheme (before 2007).

separate statement bro

I'm confused a bit, maybe early morning still can't think straight yet.

If statement date is 3rd every month, my new cash back cycle starts on 3rd or 4th? If any transactions transacted and posted on 3rd will still include in this month's statement or following month?

4th

posting on 3rd still counted for current cycle's cb.

if u know the merchant's posting is T+1, you can swipe on the 3rd and it'll be counted for next cycle instead.


you cant link to your pbe. the supp cardholder need to have his/her own PBe to view the supp card (imo, it's better. just open BSA, without fee, and put min rm20 holding balance).

iirc, someone somehow can link supp card (separate statement) to his/her own pbe, not sure how this is done, but so far with my few supp cards, not able to do so.

This post has been edited by cybpsych: Nov 28 2018, 09:54 AM

it doesn't matter 3rd or 4th or even 2nd if the transaction is not posted in your previous month statement, they will calculate whatever posted in your current month statement.