QUOTE(kasansetiga @ Aug 16 2019, 06:51 PM)
Just want to survey, do any of you do the transfer out via Boost to avoid credit card interest?
For example:
> Ayam spend 4k using my C/C
> If ayam didnt pay, ayam will be charged 1.25% of that amount (1.25% / RM4000 = RM50 interest ) (Cincai kira la this one)
But, if ayam use boost,
> RM2 charge per RM1498
> Ayam topup using that C/C and pay 1498x3 to this CC
> 3 x Withdraw = 3 x RM2 = RM6
RM6 charge vs RM50 interest
So basically what i'm saying is, ayam only pay RM6 each month until death no need to pay for that 4k.
Do any of you do this?
QUOTE(CardNoob @ Aug 16 2019, 06:53 PM)
If your source fund to your Boost comes from credit card, that amount is an outstanding appear in your credit card no need to pay back to the respective bank?
Free money from the
Heaven?

QUOTE(kasansetiga @ Aug 16 2019, 06:55 PM)
Ayam use the money that i withdraw from boost.
So the 4k initial spend via CC is actually hanging
Ayam only pay RM6 every month.
Understand my point?
Just want to survey do any of you do this.
or got any more advanced technique other than this
QUOTE(CardNoob @ Aug 16 2019, 06:58 PM)
What you meant by hanging?
Once posted, need to clear by payment due date right?
If you're planning to circulate the money from CC to Boost and the back to CC, you're too late for the games.
People has been doing it since the dawn days of Boost.
QUOTE(kasansetiga @ Aug 16 2019, 07:00 PM)
hahahaha yes that's my point. "circulate the money from CC to Boost and the back to CC"
People are already doing it since beginning? Aiyoo ayam missed out lah. Just recently realized lol
QUOTE(CardNoob @ Aug 16 2019, 07:02 PM)
Yes; a lot of people have been reaping a lot of cash back and rewards points from various credit cards from the various banks.
Banks have been scaled back or excluded Boost/other e-wallets from their cash back/reward system.
A more recent example will be MBB2 AMEX/FCB VS, SC JOP and HSBC VS
mainly this kind of way is just making a circulation of money. be careful as it will put a load to your credit limit.
but a lot of people were doing so once they start to use boost and BP.
the concept is quite easy..... making money circulation and earn credit card reward in the same time.
another thing is that, for credit card you have interest free period which allow you to take the money for some interest rewarding to earn some short term interest.
you could also say it as cash advance without interest charge (except withdrwal fee).
and if you good in short term investment, you even could take the money doing short term investment and earn more (of course only if you so good in investment, as risk of losing were still there)