i thinks there are a lots more people who spend more which is out-of our imagination.

i remember when i 1st time saw the Amex statement for RM20k per month... and for the whole year also the same, and somemore 20k is the minimum...

oh yeah, forget to checks on the annual fee pulak... tht time still fresh, got no knowledge about annual fees.

Read from the internet...

the highest purchase per change for American express made by a American billionaire... he charged a private jet...with his amex centurion...

@TeraPox,
And the difference is that he is a billionnaire; most of us aren't !

true true... and i didn't read anything about he got his annual fee waived.....

@TeraPox,
If he could afford a private jet, what's the problem paying the annual fees?! Imagine all the pointssssssssssss!!!!

Thats why Im asking.
Issit because my boss still paying for the charge card that they decided that it was worth it? What happen if he cancel the charge card and keep the credit card?

@andrekua,
Perhaps U should check with ur boss and get back to us ?

Im a Amex Gold member for 8 years now...
and I still have to pay the 800 bucks for my Amex CC...

can u just call them for the fee waiver?

@GuyM,
Amex doesn't give waivers. Period.

Hi all,

Would like to enquiry on Installment Plan.

Let say im purchase something worth rm2000 from Merchant A. I understand from A that its 0% interest and rm2000 / 12 month = rm166.66
I also emphasis that they will not deduct rm2000 direct from my CC.

So after transaction swip my card, they ask me call cimb and inform

Thing is, when i call them, they said rm2000 is paid to merchant A directly. And the installment is between ME and CIMB BANK
So the installment is rm2000 with 3% interest for 1ST month which im not aware ... and only got 10 and 20 month installment plan.


Would like to check with you guys .. is it normal ?
For installment package, does the merchant charge full amount or ONLY the MONTHLY charge ?

Hope to hear advice

i believe the retailer is not CIMB merchant hence u'r requested to get the EPP yourself. If its the CIMD merchant, he'll get RM2000 less the merchant fee charged by the bank (depended on x no mths EPP, industry std is 5% if cardholder chooses 12 mths EPP). You'll only be charge 166.66 on mthly basis. Will affect yr overall mthly credit as well.

@Norns

What you signed up for was the iPay plan from CIMB for CIMB/DA card holders. I think your merchant "tricked" you into believing that the EZ installment was theirs but the real fact it was the bank's.

A lesson for everyone to be aware of your own bank cc's service offerings. Don't allow them to con you.

This post has been edited by hye: Sep 2 2008, 10:23 PM

In addition to what GuyM said, for most banks, the entire amount (RM2K) will be deducted from your credit balance and will be released progressively as you pay the monthly instalments.

Generally speaking, if you had signed an a form stating that the merchant is providing instalment plan through credit card, then all the fees/charges should be included in the total amount you are charged for. The bank will help the merchant process the monthly repayments until the entire sum is settled.

If you did not sign such a form, that means that the instalment plan is between you and the bank and an additional fee is chargeable by the bank.

1)Does this apply to every installment plan, that the merchant gonna charge FULL AMOUNT .. and installment is actually between you and bank ??

2) So for installment if we pay fully, is there any bad record in CCRIS ?

3) Let say i buy anything in retail or supermarket like carrefour, any interest of i swip and pay full upon receive statement ?

If let say even we buy small item or grocery, but we get charge small amount interest even we pay full .. thats ridiculous lolz

---

Added on September 2, 2008, 10:32 pmn fyi, im using cimb mastercard ... not DA

This post has been edited by Norns: Sep 2 2008, 10:32 PM

I din say my boss din pay for AMEX charge card. Im just asking now that he's been given this free for life credit card by AMEX, will it become void when he cancels his AMEX charge card?

http://www.maybank2u.com.my/consumer/onlin...reditcard.shtml

This is the one he's being offered.

This post has been edited by andrekua: Sep 2 2008, 11:28 PM

1) Every transaction will be charged full amount , regardless you're using Merchant EPP or by call EPP. The instalment between you and bank is the one when you purchase something and you request later from the bank that you want instalment for how many months ( normally they will have 3% to 5% handling fee ). Merchant EPP will be the one you do it on the spot with the store , normally the slip you sign will written clearly how many months you want to do instalment, and 0% .

2) you wont get any record in CCRIS.

3) No , you wont be charged any interest. Interest charged only if you late payment or you have outstanding balance brought forward.

as tinky said... we don't know..coz we hav to pay 800 bucks annual fee for our card... and we will be glad if u can tell us how to waive this 800 bucks...
*we might buy u coffeebean or starbucks as a token of appreciation...


yup, we r holding exactly the same card...


This post has been edited by TeraPox: Sep 3 2008, 12:07 AM

I mean you dont have their charge card rite?

If Im free, I will scan the stupid offer letter. I cant really see any term and condition stating that its free only because you are paying for the charge card. My boss just took the card and threw everything else away. Sigh... he didnt even bother to read...

Yeah , a few post before Terapox did mention about owning a Amex gold charge card for 8 years if i am not wrong. by the way does the two card link with each other ? In my case are not as i am holding Amex Charge Gold Card also. They are insisting to chargin me RM 800 too..