of coz limit reduced, because u use the limit from the card.

installment amount also must within credit limit.

example ur card limit 5k, u cannot buy installment amount of 6k (let alone higher).

when u pay the installment, the limit is increased again (in ur case, increased 466.67 per month)

This post has been edited by erry-: May 26 2023, 11:14 AM

not just the installment balance, but ALL balance.

just pay full statement balance by due date, so ur 0% installment will be really 0%.

example installment 466.67 + other spending rm3k = pay FULL 3466.67
DONT just pay min 616.57 (5% of 3k = 150 + 466.67 installment) or any amount below statement balance!

if u do that, not just 2850 (balance from 3k), but installment balance 2333.33 + new spend ALL will get interest!




nops. 1st till last month should be same. bcoz thats 0% installment by merchant.

the 1st month got fee is for "swipe full amount and call bank later" to convert (even this, some bank did have 0% offer while some do have few charges example 0.88% etc.)

This post has been edited by erry-: May 26 2023, 11:19 AM

it will count as "extra" payment.

based on this installment plan by merchant,

if next month (june) statement just installment and no other spend, and u pay full 2.8k, then, the bank will still take 466.67 as payment, and 2333.33 will be carry fwd to july.

for july statement, if u got spend, total example 2k, statement should be 2466.67
but it will deduct the carry fwd 2333.33 so the statement will be just 133.34
next statement after that, 466.67 will be charge again as usual (plus ur other spending, if got)



This post has been edited by erry-: May 26 2023, 11:59 AM

yupz. its 0% some more