Took some time to dig through the old papers as the info is not available on the CIMB/Direct Access website yet

3 plans exist (Min Purchase Amount, No of monthly installments, One time Interest)

- RM 1K, 10, 2%
- RM 3K, 20, 4%
- RM 5K, 30, 6%

You can convert ANY of your purchases (local or abroad) to the plans above. Need to settle monthly installment in full or the outstanding amount will be charged 1.5% interest. The entire purchase amount will be taken out from your credit limit and will be gradually released back as you make the monthly installments.

Comparatively the old plan is (For Direct Access / CIMB)

- RM500, 12, 3% / RM500, 12, 3%
- RM3K, 24, 4.5% / RM3K, 24, 4%
- RM5K, 36, 6.5% / RM5K, 36, 5.5%

CIMB Flexi Payment with i.pay plan

all these easy payment flexi payment thingy would simple bulk up lotsa installment everymonth in a short while and its scary.. dont see it coming, dont feel it coming, once bulked,salary burn every month

Depend on which bank, some doesnt need activation (eg Maybank, Citibank)

Others usually 1-3months, some will call u to activate and might even offer u some preloaded amount.

So far still no fraud case. Touch wood that I won't be getting in the nearest future.
What's the number of the caller?

Yup most likely a scam. I get these calls all the time - modus operandi, use a Digi mobile number and claim they are calling from a company. Why can't the company reveal their phone number upfront right ? And why ask whether use credit card or not if they are already your bank ?

Sometime they'll also call and ask that they want to check your credit card number. Never ... never reveal your credit card details to suspicious calls. If they are truly your bank, they know your personal information already. Don't need to ask you so much.

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Added on April 1, 2008, 8:32 pm

Which bank's card are you talking about ?