Gamble la, pray 1 end user fukken missed 1 payment already untung balik everything

Volume

with instalment plans, business owners can earn more because their products are relatively more affordable as the price is broken down into instalments, more customers = more profits.

credit card companies earn from not only merchant fees, but also late payment interests in the context of 0-interest instalment plans.

depend on bank

in layman term is

you have A credit card that have 20k outstanding
then you balance transfer that 20k into B credit card and break it into installment
whether it will have interest charges or one off processing charges that 1 will depend on bank
if u fail to pay B credit card outstanding then u will kena extra interest


reason of B offering that is want to bind u for certain period of time with potential opportunity cost from u


RHB even offered 15k cash advance 0% interest + 0% processing fee if you are first time to them

This post has been edited by fantasy1989: May 26 2023, 04:32 PM

Nothing to be disgusted about. Its just a facility knowledge and sharing for those embarking IP/BT plans

This post has been edited by jojolicia: May 26 2023, 05:22 PM

if you didn't pay accordingly based on statement date, will kena interest yo

many thought is a benefit and keep use installment plan and thought they can repay monthly....thus some keep using the cc for installment and rack up the monthly repayment (provided the cc limit is 10k above la)
if poor in management, plus their monthly expenses and etc....some unable to repay back the installment amounts and thus the interest started.

That's how they earn from 0% installment, to target those with poor management on their monthly income - monthly expenses and etc

Another thing to note: bank cc do not give much cc points or cashback if you use 0% installment. (E.g., 1x point for MBB if using 0% installment, 5x if pay outright).. many don’t take this into consideration..

TS example: 2.5k on TV is almost enough miles for one way ticket to Langkawi on MH yo…

This post has been edited by sheldonyong: May 26 2023, 04:50 PM

You pinjam dgn bank 2.8k.... you mintak installment 6 months...

Mmg credit limit will deduct the full amount.

You ingat 466.66?

I see .. means if your CC already reach 8K and your limit is 10K .. you can only request for installment up to maximum 2K only regardless of months to pay back?

Short answer : Yes

Thanks for the clarification. I'm trying to avoid personal loan to purchase 15K Workstation Desktop ... seems no choice then.

maybe u should ask yourself do you really need that 15k worth of workstation to perform your duty - which u need to get it thru "personal loan"

Terkejut a bit I when I first read your post.

I thought monthly install is rm2.8k per month for 6 months

I thought someone bought one of the Samseng 96 inch mini LED TV hnnnnnnnnngh

Daddykasi 900k???

I doubt ppl who earn that amount don't know about how zero installment work. Kek.

Can always ask the bank to increase your credit limit.

Or get new CC with cash promo and 0% interest in repayment.

Yup. It's for my PhD project. I've already owned a server worth 25K and 10K NAS via personal loan. It is just I need additional workstation as a complement for my project. But after viewing the OPR up and down for the past 3 years for my current loan ... the interest keep going up.

This post has been edited by Irzani: Oct 1 2023, 09:21 PM

It seems this can work ... personal loan interest is too crazy for me to absorbed

not sure if that is short term or long term

if short term ; have you checkout hosting/cloud services?

if long term then no choice ..consider that as investment All the best

----
or ..apply another card ..then 0% balance transfer old installment to new card ; then old card go installment that 15k machine

This post has been edited by fantasy1989: Oct 1 2023, 09:25 PM

Furthermore PC parts age really fast. Every few years faster better nodel keep get roll out

If you do have a steady and high income, applying to increase credit limit or applying for a new card shouldn’t be a problem.

Current Ringgitplus promo ends on 2nd October and none gives 0% cash upfront. Wait for next round