Hi, recently I went for a company business trip and it cost me around RM10k on my own credit card, but the thing is, the company have yet to expense it back for me and I'm planning to pay minimum payment.

I'm not sure if there is any hidden charges if i do that because on the website say if i pay minimum payment, i wont be charged for finance charges for late payment. I doubt that bank will let this go so easy if everyone paying minimum payment and let the bunch of money unpaid there.

The questions is, after minimum payment for example I paid RM1k (although around RM500 for minimum) and there is RM9k left, will this be charge with interest and how much is that?

I'm using Public bank credit card, link to credit card charges:
https://www.pbebank.com/personal-banking/ra...ebit-cards.aspx

Short answer is, yes you will be charged interest on the outstanding balance

yes, there will be interest



This post has been edited by john123x: Dec 30 2018, 02:30 PM

Erm.. time for balance transfer?

You need to understand more about CC before actually using it. Paying minimum balance is what the bank loves about their customer because they can charge you interest for the nex statement.

He’s asking how much he’ll be changed on the balance la. Not a lecture on credit card usage. Read his post first la.

TS should be adult enough to at least call the bank and ask

It would be something like 1.5% per month on the outstanding

Yes, i need to know the interest amount if there is for the rest of outstanding after paying minimum payment, i cant find the figure on their website? if just like RM10 ok, i can wait, if too much, i have to transfer from other saving already...

Take your outstanding. Multiply by the interest amount of your cc. Then divide by the days it will be outstanding for. If want ballpark figure just divide by 12