chat with my trusted Affin Staff who helped me applying VS and Duo.

told her the "outstanding balance" word is super confusing.

she'll check with the product owner to verify.

feedback from Affin staff.

it's actually based on outstanding balance as per the announcement.

eg if you clear your outstsanding before statement, you'll only get rm50 capped cb (cuz outstanding is less than rm3k)

no news is good news lor

any changes are "until further notice"

rightly so, especially those pay near due date with 20days grace period

I guess affin use this term as a blanket term...

>> spending + refunds + fees (?) + installments (?) + payment = outstanding balance

grey area is whether it include non-retail transactions such as BTs, SST, AF. etc whereby these also contribute to the outstanding balance amount too.

then also exclusions, whether they are counted into outstanding but not earning cb regardless.

if non-retail transactions considered (which counted in outstanding balance), then my guess is statement balance

here's the FAQ! have fun reading them!







This post has been edited by cybpsych: May 20 2021, 12:08 PM

loophole is can take advantage of all the BTs/CIPs since it would be accumulated into the "previous balance"

yep

just to ensure June's nett/final statement balance is RM3k or more ---> become as Previous Balance in July statement cycle

3% cashback is for 3 categories only, not based on the whole previous balance amount

affin tweaked the faq.

main change is this part, to reflect actual words written on the statement

txn MUST be POSTED first before it can be BILLED (statemented) and EARN cashback


with the revision @ 1 July, there are 2 criteria:

1) CURRENT statement MUST have "YOUR PREVIOUS BALANCE" amount of RM3k or more in order to be eligible for RM80 capped cb. else, RM50 capped cb.

ie your previous statement balance is to determine your current cashback capping tier -- RM80 or RM50


2) then all eligible (3 categories) transactions MUST be POSTED (T-1 day) into your CURRENT statement, then only calculated for cashback. if not posted, nothing to count, right? posting exactly on statement date would be pushed to next cycle.

ie all eligible posted transactions are counted. heck, "calculated" cb can be RM100 or RM200 or more.


3) then EARNED cashback shall be based on the capping (RM80/RM50) or less than that.



this is like taking exams for college/university/sponsored edu....

PAST results is to determine your FUTURE placement
CURRENT results is to determine your reward

This post has been edited by cybpsych: May 21 2021, 09:12 AM

YOUR PREVIOUS BALANCE: 0.00

i think better they refer to 1 specific value rather than deconstruct each billed items to determine which are counted (eg retail txn) and not counted (eg non-retail txn ilke BT/CIP instalments)

they also need to comms out to cardholders so that we can understand too

This post has been edited by cybpsych: May 21 2021, 12:58 PM

yes

cashback is only applicable to eligible 3 categories, NOT 3% of the whole "previous statement balance" --- which may contain retail + non-retail txn + overdue outstanding too

look at your last 2 statements and trace back how YOUR CURRENT BALANCE is derived.

if affin's system implementation follows what is written in the FAQ, then yes --- as long as BT installment still contribute to last month's statement balance

If your BT ended (RM0) + spending RM3,000 - earned cb RM80 = RM2,920 current statement balance <-- in turn, this will become YOUR PREVIOUS BALANCE in NEXT statement cycle, which will dropped your cb capping to RM50 only (eventhough your eligible spending is RM3,000 also)



Below is current cashback mechanism.

If i continue maintain same spending amount from June onwards, my July cashback would be capped to RM50.

i.e. June's statement balance determines July's cashback capping



This post has been edited by cybpsych: May 21 2021, 11:16 PM

statement can already be downloaded from affin portal since morning liao

you need to look at how your statement works (i already shared the screenshots earlier)

BLUE highlights -- 15may to 14june -- you still need to accumulate new statement balance of RM3k or more. why? read below.

RED highlights -- 15june to 14july -- in this statement, it captured YOUR PERVIOUS BALANCE. so, where does this amount comes from?

This post has been edited by cybpsych: May 24 2021, 11:18 AM

should be yes .... until someone reported otherwise lor

new activation, sst waiver already inclusive

subsequent years, sst chargeable as any other credit card


if dont activate, also can, but nobody knows for sure what action will affin take later