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 boost being a dick, no more cash out, all $$ stuck

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post May 18 2020, 11:26 AM

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QUOTE(imperialrealcs @ May 18 2020, 10:51 AM)
lets say cc statement is 1st jan to 31jan and i owe 2k
on 1st feb i reload 2k into boost, take out the money and pay the 2k jan statement.
using cc money to pay cc, you basically extended your 2k repayment to 1 more month.
ada paham?
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This

Plus

in the initial phase,

Reloading boost is consider as normal retail usage so u get

1. Cashback from 1 - 10% depending which bank
2. nil interest rate for months (if you know how - refer to boost thread)

so basically if u got few CC, u get 3-5k + per mth extra 100-200 for free.

but that was initial phase.
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post May 18 2020, 02:23 PM

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QUOTE(mushigen @ May 18 2020, 01:51 PM)
How much did boost charge for withdrawal vs cc advance?

And if it's free money as you said "tak bayar cc", the difference is immaterial, right?
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cc cash advance is 5% of total (min rm50). interest start count 15% on day 1

vs

boost (charge dunno). no interest rate as bank consider normal retail spend (so u get 20 days free)

QUOTE(MR_alien @ May 18 2020, 02:06 PM)
i want to know what is the limit for CC cash advance via atm is..because in this case for boost is RM1k-RM5k

because 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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depends bank.

i got 2 banks can withdraw 100% of limit, 1 bank 80%, another max RM1500 only.
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post May 18 2020, 02:31 PM

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QUOTE(mushigen @ May 18 2020, 02:29 PM)
TQ for the information.

Anyway  it's still immaterial because the argument put forth is people who withdraw via boost have no intention to repay the bank.

My point is, if abusing cb or interest from withdrawal is the reason for boost to stop, it does not make sense because it's the bank that loses, not boost.
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boost stop is different reason i believe.

not paying is bank issue.

cashback is bank rugi so also bank issue and it was banks that stopped to give cashback.

 

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