QUOTE(Unstability @ May 18 2020, 07:06 AM)
credit card debt is none of their worriesthat's why our bankruptcy rate is so high
boost being a dick, no more cash out, all $$ stuck
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May 18 2020, 07:14 AM
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3,580 posts Joined: Oct 2007 From: everywhere in sabah |
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May 18 2020, 09:50 AM
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3,580 posts Joined: Oct 2007 From: everywhere in sabah |
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May 18 2020, 09:51 AM
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May 18 2020, 01:49 PM
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QUOTE(moosset @ May 18 2020, 01:30 PM) I disagree with the term abuse. Just because a lot of ppl use certain features of a product, doesn't equate to abuse! well, the thing abt that in this case isWhenever ppl withdraw money, they also pay a fee even though money transfer nowadays is actually INSTANT and FREE. The limit was only RM3k per month. What happen if you accidentally top-up too much and need cash? How? Money stuck there. It's my money. If I put it there, I should be able to get it back. --------------- to draw another example: banks earn interests whenever you have late payment after 30 days grace period. A lot of ppl pay on time and banks don't earn any interest. Would anyone consider that as an abuse? No .... it's just a credit card feature!! Of course, the banks could start charging interests on CC from day one, and charge even more interests if you don't settle all after 30 days. Banks could do that, but they didn't. I think if I were boost, not allowing others to cash-out is best for the company. Keep hogging their cash and earn interest on it. As long as you have balance in it, they AT LEAST earn interests on your balance. And some ppl might forget they still have balance in their e-wallet, so good for Boost. Some ppl have a little balance like less than RM10, hard to use without topping up. So, Boost can also absorb this unclaimed balance. All in all, this move only benefits Boost! but they managed to paraphrase it to ".....so that you don't fall victims to scams...." they don't care abt the late payment fee or interest at all and that they're not even gonna pay for the CC bill because if they're going to pay for it, they're not gonna do it this way from the beginning because they know the risk and the payment they shut down the feature based on order from BNM i guess, when BNM is watching u..u better becareful already |
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May 18 2020, 02:06 PM
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QUOTE(mushigen @ May 18 2020, 01:54 PM) So, the next "order" from BNM is to ban cc cash advance via atm, since they're not going to pay anyway? i want to know what is the limit for CC cash advance via atm is..because in this case for boost is RM1k-RM5kbecause i've used card to withdraw before but that was a long time ago, i can't choose amount...all that came out is RM200 |
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