My reaction wud be probably those in petaling streets, yeah they dun accept cc and can bargain with ur cash..

Btw found ur rm30 cable yet?

it's similar to the BNPL craze last year. they prey on customers to make careless mistakes like late payment, exorbitant admin charges. the most lucrative is still people overspending and had to resort to lending to pay back the min charges. guess who's there at the first instance to lend a helping hand? kaching!

once u forget to pay on time...
check the fee

i could understand if you are referring to hawker.. but hawker dont take credit card machine.. those QR = cash transaction indirectly.

restaurant type, anytime if they get caught, they will get fine or customer can always complain to banks and they will not get the merchant machine anymore.. in the end they might loss of some customers that plan to use CC (earn points, rebates, benefit)

cashless advantage is not for taxes but like Credit Card machine provide other benefits like u no need prepare small changes, u no need worry short of money at the end of day, u have minimal loss if got theft..

but back to TS question.. installment just deduct the credit limit and release once owner paid the money.. it is fine to use the benefits of 0% installment.. assuming put 5k in FD and earn little interest while u can do pay a 5k item in installment basis over 12 months without burden cash flow.. why not.. since those merchant fee are not related to consumer.. just have to remember pay on time without incur any penalty in CC..

it seems that he is doing it for more engagement these days

loud, no holds barred type

This post has been edited by JimbeamofNRT: Oct 3 2023, 10:20 AM

i think because he himself bought iphone 15.

need to cover his damage.

u will be surprise some of these ppl are more like NATO one

if can hutang , they will

Noted and thank you

0% why not
extra money can do something else

1. Bank is using 0% installment as loyalty program to keep you attach to the card and indirectly you will use the cards for other purchases.

2. With installment, the user will tend to overspent since it is so convenient will hope you buy more expensive thing with installment again and again … and therefore attach to the cards longer and chance of default therefore more profit to bank.

It is a trap but if you can learn how it works you can optimize your finances. Cause if you have 5k, you can buy TV full price or u can pay installment 24 months and extra money put in other investment that can help you yield interest like dividend stock or mortagage loan etc.

When people say use money wisely it means:

1. Use money on things that will help you generate more money
2. Use other people money to generate more money
3. Do not put money in saving that will depreaciate 3-4% per annum
4. Do not buy things that will depreaciate in value that you do not need but only use to show off to people that dont matter
4.1 Buy expensive car because the car can help you find more money like ponzi scheme luring victims to join the scheme
4.2 Buy car to move from one place to another that will help you generate more income like go to work, transport goods etc
4.3 Buy EV car cause u get free electricity and petrol super expensive

etc

So installment is good if you know how to make use ot it wisely

Laughable comment. Even after someone from the banking industry already explained that interest is still being charged.

Do you understand his/her explaination wrongly?
As long as you do not default, no interest will be applicable for zero % installment.