I will buy with 0 interest rate promo whenever I can, I have bought tv, DVD, digital camera, phone etc

I still don't understand what is Balance Transfer.

How to use? 0% interest also?

sexysarah aka kevin looks at this tered with disgust.

2.8k deduct from credit available, u can continue pay the installmemt amount as per statement balance due

it's using credit card B to pay your credit card A's debt via instalment plans.

i'm pretty sure you can find these info on your bank's website.

This post has been edited by Yenactiet: May 26 2023, 03:18 PM

use two cc
one for EPP one for monthly spend
senang kira

i got 4 credit cards:

cimb: monthly bills including insurance only
maybank: EPP 0% interest installment for gadgets ONLY
hsbc: petrol, car servicing, unexpected emergencies
bank muamalat: groceries, dining

but i don't mind the annual cc fee of rm25 x 4 though.
To ease my mind so that i don't mix up EPP 0% interest installments with other spendings. Later will incur more interest actually if i don't pay AT LEAST BALANCE STATEMENT every month.

Let's say you have CC outstanding at bank A,B,C, and the interest rate are so high like 18% because you didn't make full payment.

You can balance transfer all of them to bank D, at a lower interest rate, sometime got promo 0% also.

Just contact bank D and fill up some forms.

Let say you got one credit card, credit card limit is 10k, and you go buy 12 items each with installment.

Let say item 1 amount is 1200. first installment payment is rm100
Let say item 2 amount is 1200. first installment payment is rm100
Let say item 3 amount is 1200. first installment payment is rm100
Let say item 4 amount is 1200. first installment payment is rm100
Let say item 5 amount is 1200. first installment payment is rm100
Let say item 6 amount is 1200. first installment payment is rm100
Let say item 7 amount is 1200. first installment payment is rm100
Let say item 8 amount is 1200. first installment payment is rm100
Let say item 9 amount is 1200. first installment payment is rm100
Let say item 10 amount is 1200. first installment payment is rm100
Let say item 11 amount is 1200. first installment payment is rm100
Let say item 12 amount is 1200. first installment payment is rm100

total you paid is RM 1200 right? so, your card limit is still okay right?
i never of this way of spending a credit card. hahaha...

your credit limit will get deducted by the full price of the item though, so you can only buy 8 items at most

I got 2 card visa infinite, 50k each

Buy what good for installment?

I bought already gadgets, left gaming laptop only

I personally will opt for instalment for things that have long lifespan like what you've said, laptops.

2800 will blocked your cc limit,every month will charge the installment amount in your cc, you can pay min as per cc statement or full payment.

they reserve 2.8k credit limit

then will add back portion by portion whenever u pay for that installment

Its not. If u miss a payment thats ur own fault.

for those that dont know how credit card works and dont know how to read the statement, just pay the statement amount in full and you wont fuck anything up
its hella confusing to read the statement especially if you dont keep all the receipts and remember every single transaction
when you get your statement and want to pay your CC you will see 3 things for sure
1. statement amount
2. outstanding amount
3. min payment

just pay the statement amount and log off and go on with your day
dont bother with the other 2 options unless you know what you're doing
dont bother to read the current limit and whatnot, it will just confuse you even more if you dont know how to read it from the beginning

but to answer TS question, the full amount is deducted on the CC because the bank paid on behalf of you first so now you owe the bank the amount. just that when the bank send you the statement, they will divide the amount by 6 or 12 or 24 based on which installment plan you took. if you took 6 months then it should be divided by 6 and you only need to pay 1/6th the amount for the first month.

How the business and credit card companies gain from zero installment? Like Shoppe also give RM10 discount if use PayLater.

Correct. As i said, to be safe, separate any ongoing IP/BT plan CC from spending use.

There is a default reversal clause to prevailing interest rate to your IP/BT plan in an event of a month non full payment of the instalment plan, even a dollar

This post has been edited by jojolicia: May 26 2023, 05:25 PM

You apply a BT from bank A CC to pay-off your existing bank B/C/D/E CC outstanding.

Rate for BT differs from time yo time by bank A. I think now macam no 0-cost BT, minimum have one-time fee (x% of BT sum or flat fee) .

Dulu dulu when BT was first introduced, ade many 0-cost

This post has been edited by jojolicia: May 26 2023, 05:27 PM

lol don’t know why /k is so against 0% instalment