Hi,

I am curious about the maybank easy payment scheme. Lets say I have a card with the limit rm5000. And I purchase an item worth rm5000 via the credit card using the 12 month easy payment scheme.Meaning I have to pay around rm417 a month for 12 months.

My question here is will I be able to purchase other items after this or I would have to wait till I finish the payment of rm5000?

Thanks

No. U have to finish paying the RM 5k before u can use the card again. However, as u pay up, the balance will be available again.

let said in March u purchase a item worth 5k and use the installement plan, then only that month you can't use the card already, but next month April once start the payment, you can use it back ...

ic..thanks guys..it is clear to me now

make it more clear, next month April with credit limit RM417 only. . .

u can use back the card whenever u make payment. If your easy payment amt is same as your card credit limit, then your credit limit is 0, meaning u got no credit unless u want to be charged for overlimit.

And u also cannot settle your easy payment earlier be4 they charge you on yoru bill, else there will be a penalty.

But you can debit your card account with some amount and let it deduce the credit every month. . .

oic

then TS can't use the card for a bill more then RM417 d for the next 12 months
i thought bank want people to spend more on the card 1

pay fast also got penalty?

This post has been edited by asciii: Apr 10 2008, 10:12 PM

oh ya...can debit your card.

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Added on April 10, 2008, 10:24 pmnot really. Lets say the 1st month is 417, the 2nd month if TS pays full again it, the credit limit will increase back to 417+417=834 and the credit will increase back every mth or whenever TS make payment loo.

The bank wants people to spend more, but they also have to control the users who cannot afford so much geh, after become like subprime looo ..cannot control oredi.

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Added on April 10, 2008, 10:27 pmYeaps....bacause when u sign for easy payment, its actually a deal you have with them. Its actually stated clearly in their terms and conditions. But maybe different banks got different terms geh, u can always check out with your bank.

This post has been edited by mIssfROGY: Apr 10 2008, 10:27 PM

usually how much is da penalty?

RM30, for Citibank

ya, is a standard rules for all bank, standard chartered penalty RM100 for early settlement ...

btw, bank dun wan people pay the bill fast, can't earn interest for late payment

But if you do like this is it considered you do early payment? the bank have the right to summon a penalty?

Hmm.. this is totally different from what I am experiencing. I paid for something with easy payment. And the next day, I have the whole amount of credit back.

Eg. My limit is 5,000. I sign up something 2400 with monthly payment of 100. I still have credit of 4900.

you can use your remaining credit balance only.
calculation is like this.

5000 - (cumulative monthly installment + other purchased by using cc) = remaining credit available.

btw, some easypayment is not good at all. based on shop owner i think (i bought hp before with easypayment).
they will charge like rm100 and added to hp original price.

That's why before you purchased using Easy Payment or instalment programme, you must inquire if there's any price difference and any hidden charges such as processing fee and etc.

My experience with Dell Online didn't come with these little tricks.

I twas told that can only ultilize 80% of your card limit for easy payment scheme? Is this true?

No is not. U can used up to ur limits. (for maybank gold visa) duno for other bank

anyone know where i can purchase an apple computer using maybank instlment scheme?

Thanks