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

for maybank gold visa/mastercard how much the pnalty if i want to settle the payment earlier?

ambank is RM100, not sure abt MB

hmm who experienced with MB easy payment pls share.. Sharing is Caring

This post has been edited by lucas_podolski: Jan 3 2011, 11:06 PM

For the merchant, normally the EPP used is block-off entire amount, and release based on monthly payment, as mentioned in earlier post.

e.g. 5k, next month pay 417, means available CL is 417. 4583 is still blocked-off.

Note that there is another type of EPP by merchant (not banks), which is also mentioned above. The merchant will prepare some forms for you to sign. Instead of block-off the entire sum in your CC, the merchant will claim the amount every month.

e.g. 6k CL, purchase 6k with 6 mthly payment x 1k.

Jan : CL 6k - 1k = bal 5k CL
TS pay RM1k
Feb : back to CL 6k - 1k = bal 5k CL
TS pay RM500
Mar : CL only 5.5k - 1k = bal 4.5k CL
...
...

The latter type is normally applicable for huge amount purchase, normally 5-6 digits.

Understand wat u trying to bring out here.

But my CC bill came, i also feel confuse bout it.

I also made a EPP with 12mths installment. But the bill there still show my full credit limit over there. Isn't they need to put the limit i have on the bill??

For MBB statement, it only states credit limit and not available credit. For OCBC they do state Credit Limit and Available credit.

Credit Limit=Available Credit + Credit Used

Meaning tat i have to do all the limit calculation by myself not the bank?

Wat a good bank

Agree...
Interest in banking industry so important for them..

Same when they increase your credit limit, they will say it as an appreciation for our loyalty (to pay interests).
More credit limit, more probability late payment, then comes the interests. Its a life of banks.

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Added on March 19, 2011, 10:43 amTry look at your statement terms and condition.

I ll think there's a clause for penalty.

This post has been edited by azliayob: Mar 19 2011, 10:43 AM

i think eazy payment scheme is special case.. as long you have credit card with maybank, you can apply for eazy payment and it depends on ur credit limit as well.

So lets say :

CL - RM5000
Item - RM5000 / 12 = RM416.66 (each month)

CL Balance = RM4583.34


You credit limit will remain RM4583.34 until you finish paying for 12 months but well you can request to pay all lump sum (if needed). So now if you want to do another eazy payment scheme it will depends on your RM4583.34 credit limit.

if im not mistaken correct me if im wrong

Actually i was thinking bout the wat u mentioning here. But do u have any link or info for reference?

same thing happens to me. do epp using maybank cc. but strangely, my available balance is only minus the months payment amount, not the entire purchase amount. once, call the cs, they confirm that i shouldnt have the 'extra' balance. she even say that i over limit already, but no penalty whatsoever in statement. i can still use the cc..very strange...the next month or so, they increase my cl without me applying for it...

same as previous forumer, minus the monthly payment amount only, not the full amount

i have no link for reference, but it makes sense tho. Unless u paid full amount with credit card and u want to pay them installment, call cs asked for split the amount. This is diff case, i guess epp is special case.

Last time i have swiped once RM2000, request from CS for split up to do installment. They said they cannot do it unless the shop where u purchase they provide the installment otherwise u have to pay full amount.

Now clever d, ask got EPP or not then only swipe big amount. Or else charge interest like crazy

Early Settlement of Maybank EzyPay (0% Installment)
- Faxed request letter : 3 May 2011 (1pm)
- Full settlement amount appeared on M2U : 5 May 2011

Very efficient when Maybank wants to collect debt from you....
Will cancel the CC once the payment is settled next month ;-)

good to know that..will try to use this service in the future..

Looking through the discussions, I was wondering, what's the different between getting a 12-month 0% installment plan with just credit the amount and pay the minimum amount every month?

Option 1 : 12-month 0% Installment has no interest if you pay the monthly figure

Option 2 : Pay the minimum will attract CC interest (up to 17.5% p.a.), for the unpaid amount --- NEVER DO THIS

Product cost : RM12,000

Option 1 : RM1000 per month
Option 2 : RM600 for the first 5% minimum, RM11,400 attracts CC interest

Looks like this thread becoming 'how does easy payment scheme work'.. Hahah..

Anyway, I'm wondering why they wanna charge if pay early IF the interest is already paid in advance.. Like CIMB's plan(nt sure bout others), they charge the % upfront, then the remaining months u just pay price of item÷total months.

So remaining months they don't earn interest right? s

The upfront interest charged can be considered as processing fee.

Can do Maybank easy payment only if the 1 time swap amount is above RM500 right ?

If and only if the merchant accepts that amount for installment plan.

Hello,
Tumpang first.
I wanted to purchase a smartphone around rm1500-2000 but the dealer have no offer for EPP.
the quest is can i apply this easy payment from bank?
Maybankard 2

Yes, its called ezypay plus
http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

with an upfront processing fee.

Just called maybank just nw.Wwanted to buy Nexus 4 smartphone.maybank said they will charge 3% from the total amount and gv me 10 month for monthly installment.

Wanna ask is that possible swipe overlimit?
Limit 5k,swipe 5.1 or 5.2k?if possible,any charges for this?

When the Total New Balance is Excess Your Credit Limit, You must Pay All the Amount of Excess + 5% of the Total New Balance...

This post has been edited by fly126: Jan 23 2013, 01:11 AM

if excess 200,means 200+5000=5200,
5200x5%=??
the 5% is pay for?

I think what fly126 means is that upon the due date of your next statement, you have to settle the minimum payment amount of (5% of the balance) + (all the amount in excess of your credit limit).

In addition, the bank may charge an overlimit fee. I'm not too sure about the amount though.

How much overlimit can we do?extra how much?

Not Sure now, SCB Credit Overlimit Fee was $50 & that's was few year ago...

This post has been edited by fly126: Jan 23 2013, 09:19 PM

I had swipe over limit for my Maybank 2 AMEX card 1 year ago and no charges imposed. You just cannot swipe. The card will be able to swipe again immediately after I made partial payment via Maybank2U so that total outstanding amount is below my credit limit.

I also called Maybank Customer Service and they informed me that no charges for over limit. But that is 1 year ago. Not sure whether is there any changes in terms and conditions now.

Thanks for answering it..coz i need to deposit to my account first before can pay..singapore mbb sucks..

Pardon me for bringing up an old topic.

but I still don't quite get what was mentioned here, about the available credit. Will I still have my monthly available credit minus the instalment amount?

Easier question, if my credit limit is $6k, will I be able to purchase an item of $10k (under easy pay)?

thanks.

I don't think you can. Correct me if I'm wrong.

NO... Your Total Purchase Amount Can Not Excess more than Your Credit Limit although under Installment Plan...

i tried calling them for early settlement, they told me no extra charges, possible ka??

so did you settle early?
You should know better.

Let us know yah

Hello all sifus.

Just want to ask something regarding maybank Credit Card monthly installment.

Ok here is the scenario,

Let say my credit limit is RM4000 and i still owe around RM3000. Can i still use my credit card for monthly installment?

And is it depends on the available credit limit that i have which is RM1000 and the price of the product that i want to purchase?

yes, as long as your new total installments does not exceed your available cerdit limit, which is RM1k in this case, you can

Thanks for the info. Now i understand more regarding the usage. Thanks again.

Please take into consideration any late fee/interest imposed to you as well.

sorry for bring up this thread again.
anyone have experience on the early settlement of maybank visa
i want to know how much is the penalty

What kind of early settlement? U mean easy payment plan? So far no penalty.

Just needed to check with some gurus here.

For Maybank EZPay, say i swipe for RM2700++, and under a 24 months EPP 0% interest plan , which means roughly RM118 a month.

Would this RM2700 be recorded into my bank statement and become an outstanding amount? Or is the outstanding only considered RM118 a month for the next 24 months?

Reason im asking this is because im applying for a bank loan and the agent just told me that im good for the loan but barely just made it so within the next 1-2 months try not to use the credit card for more then RM1000 otherwise i might fail the loan as they are still processing.

The thing is, i just made a swipe for the EPP without knowing this.

Would anyone be able to enlighten me? I checked with the agent, he said it shouldn't be registered since they only look at outstanding amount.

Hi. I also curious since bought an iphone using mbb card on 24mths installment there is no charge accumulate to my card yet. I purchased the phone in early april but until now june still havent seen any charges to my card. How about that?

how the process for settle the maybank epp dept early? fax them or give them a call?

hey guys.. I want to ask that if my income is RM2300 + RM200 bonus..
is able to apply those minimum RM30K credit card by maybank?

Can I know if i want make a installment over the credit limit, izzit the transaction will gwt any charges? Eg, credit limit is RM5000, digi EPP for 2 years is RM7000. Is the transaction will success? If success will that have any hidden charges?

you cannot have installment over your credit limit

Hi everyone, lets say i swipe my card to pay for a laptop RM3000, can i convert it into an installment after i swipe it for full amount?
I'm sorry because my old one is broken and i urgently need the new one to proceed.
I hope sifu sifu can enlighten me on this question.

Opps, thanks for the reply 😁

Want to ask. For EPP, early settlement means we need to ask them right?
I swiped 4k using EPP, and i put back another 4 k into the card ( got refunded by something else). Is this considered as early settlement or not? I did not call the bank to cancel my EPP.

Maybe can use BT to other card.
What i understand, EPP is done by shop

Sorry for bring up old post ,

just wan to ask some question here ,
i swiped my maybank CC on lazada using 0% installment plan 12month , total 5.1k

monthly are rm425 , now i got extra cash to clear the outstanding rm3400 , can i settle it early? i mean can i clear my outstanding immediately? or i still have to pay by monthly?

sorry about my bad english ya , and again sorry for bring up old post

call CS. ask if they can do early settlement. ask if there's any penalty fee too.

RM0.00 Maybankard : We regret to inform that we are unable to accede to your Permanent Increase in Credit Limit application. Thank you for your interest shown.
Upload documents at 5PM and received sms 6.30PM. Too sad unable increase my credit limit.

My past experience, do not submit your credit limit increase application with Maybank2u. You can email to their customer service department and ask for credit limit increase.

Noticed Meridien dining have 30~40% discount with MBB cards...

MBB Amex consider the same? Anyone tried?