Credit Card Thread V5, (added FMB website to 1st post)
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 Dec 19 2008, 02:48 PM
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#21
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Junior Member
370 posts Joined: Dec 2008 
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QUOTE(temptation1314 @ Dec 19 2008, 12:55 PM) Yes online... Hmm if online application via M2U, do I have to submit my payslip etc ?The process takes less than a week for them to reply me...Monday done, today kena reject..   |
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Dec 19 2008, 11:03 PM
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#22
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Junior Member
370 posts Joined: Dec 2008
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anyone work in card centre ? maybe can provide better understanding with credit card proccessing
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Dec 20 2008, 01:36 PM
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#23
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Junior Member
370 posts Joined: Dec 2008
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Can I request to change my billing cycle date ? Anyone try before ?
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Dec 21 2008, 10:00 AM
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#24
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Junior Member
370 posts Joined: Dec 2008
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QUOTE(pingping86 @ Dec 21 2008, 01:41 AM) Only 1month..~~~ That's very low Added on December 21, 2008, 1:47 am My CL is only RM3000 No double of my salary oh... My salary RM3500, i tot they'll give me bout RM5000 CL when i apply for it...   How long you been working ? Age ? i don't get exact double CL too on my first card. It was like extra 80% of my salary only lolz Btw, MBB Visa wave don't give any treatpoint right ? Now I notice it doesn't appear ! For my mastercard, the treatpoint seem does not apply for cash withdrawal  |
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Dec 22 2008, 10:08 AM
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#25
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Junior Member
370 posts Joined: Dec 2008
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Most of the time is actual amount. Some merchant do charge additional 2~3%
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Dec 22 2008, 09:39 PM
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#26
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Junior Member
370 posts Joined: Dec 2008
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The more you spend, the more likely they will issue gold/plat or CL ?
I normally spend quite a lot, but does not pay full every month ... never late payment though |
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Dec 22 2008, 09:52 PM
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#27
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Junior Member
370 posts Joined: Dec 2008
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Why don't you try to apply for it ?
I got MBB Visa and MC but its combined limit |
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Dec 23 2008, 11:31 PM
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#28
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Junior Member
370 posts Joined: Dec 2008
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I dont see any different if I get both Visa and MC but combined limit lolz
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Dec 25 2008, 11:02 AM
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#29
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Junior Member
370 posts Joined: Dec 2008
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I wonder does MBB MC and Visa wave annual fee can be wave or not ?
I don't see any benefit on visa wave except for touch n go facility. besides, it doesn't give any reward point or treat point as well |
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Dec 25 2008, 07:03 PM
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#30
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Junior Member
370 posts Joined: Dec 2008
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Conventional visa is not visa waive right ?
Cos I check my visa waive have no treat point at all. Thus I put my visa waive aside now |
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Dec 26 2008, 08:00 PM
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#31
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Junior Member
370 posts Joined: Dec 2008
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Need more info on my credit card interest. I never bother to check or understand it previously
My understanding for finance charges is cash withdrawal & overdue payment. Let's put a scenario I have spent RM1000 on cash withdrawal & spend RM1500 for others. Assume that my total outstanding stated on Dec statement is RM2500. The min payment would be 5% = RM75 Example I pay only RM800 and bring forward the remaining to Jan 09. This mean I carry forward RM1700 How about the finance charge ? 1.5% on my RM1700 ? how about the cash withdrawal ? let say I spend another RM500 on Jan 09, and I make another payment for Jam09 statement, will the payment deduct for my December outstanding first ? Meaning the payment will deduct my cash withdraw & rm1700 for Dec, and if got extra then only carry to Jan 09 Sorry quite blur on the calculation  |
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Dec 27 2008, 08:40 PM
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#32
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Junior Member
370 posts Joined: Dec 2008
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QUOTE(vin_ann @ Dec 26 2008, 08:38 PM) cash withdrawal RM1,000 will have addtional fee of RM50 = RM1,050. Thanks vin_ann and chary !from the movement u withdrawal RM1,000+ ur advance fee of RM1,050 interest is counting the movement u took money off the ATM. it's 1.8% or 1.5% dairly depending which category u in. after ur cash advance, u spend another RM1,500. the RM1,500 will be interest free for 20days, provided u do not have any outstanding balance or have paid the minimum amount of previous statement. on repayment, it's shd be the repay the 1st withdrawal or spending. in your case, ur RM800 is paid of the cash advance portion. but waits, i might wrong. the above is only my assumption on 1st in 1st out. the bank might play the opposite way, 1st in last out. if like that, bank is earning big bucks. Good luck mate! CALL CUSTOMER SERVICE, tht's what best for!! If interest free only valid for 20 days, that mean I will still be charge for the 1.5% p.m for certain transaction cause I have not receive the bill yet, correct me if I wrong. Example my bill cycle is 25th, and 1st Jan 09 I purchase some goodie. I will still be charge for interest if the payment did not make up to 20th Jan ... not until my bill cycle ? For some transaction with daily interest such as cash withdrawal, Im worry if the payment is 1st in 1st out, or 1st in last out .... If 1st in last out, all the old pending payment from ages will be charge for high interest anyone can clarify this ? Thanks a lot |
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Dec 27 2008, 09:52 PM
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#33
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Junior Member
370 posts Joined: Dec 2008
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Hmm cash withdrawal is just an example.
this apply for any transaction using card lol. hope anyone can clarify further  |
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Dec 28 2008, 11:51 AM
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#34
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Junior Member
370 posts Joined: Dec 2008
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QUOTE(charymsylyn @ Dec 27 2008, 11:56 PM) 20 days interest-free for retail transactions is from statement date. Thank you so much !! This explain very details Following your example: Statement date: 25 Dec Purchase date: 1 Jan Assuming new account or no carry-forward balance, 20 days interest-free is counted starting from 20 Jan. 20 days should be 9 Feb. If you fully settle before or on 9 Feb, no interest is charged. If you pay late or do not pay full, interest is charged from 25 Dec onwards. Let's say you pay half on 9 Feb and carry forward half. Interest is charged until full settlement before next statement date 25 Feb. If you do not fully settle on or before 25 Feb, interest is charged again on the carry forward balance (plus the interest charged from the period 1 Jan till 25 Feb). This interest (second cycle from purchase date) is charged for the period 25 Feb until 10 Mar, even if you pay full before 10 Mar. The above cycle repeats itself until full payment. Credit cards are first in first out, however due to the way interest is compounded, it's far better not to buy more things than your income. If you do buy more things than your income, credit card debts should be considered highest repayment priority. Its very complicated on the calculation. My interest rate is not that high, but I just want to understand the overall calculation to avoid if there is mistake. I look back at my statement and keep counting yet still can't get the correct figures... Guess my maths is bad or my brain stucked lol |
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Dec 30 2008, 09:56 AM
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#35
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Junior Member
370 posts Joined: Dec 2008
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CIMB click appear after few days, Maybank up to few week or sometimes a month for me
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Dec 31 2008, 10:48 AM
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#36
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Junior Member
370 posts Joined: Dec 2008
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Visa Wave don't have treat point right ?
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Dec 31 2008, 03:50 PM
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#37
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Junior Member
370 posts Joined: Dec 2008
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QUOTE(David83 @ Dec 31 2008, 10:52 AM) He's referring to MBB Visa Wave CC. yup mbb visa wave, black color blackground wanno treatpoint ? |
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Dec 31 2008, 03:59 PM
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#38
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Junior Member
370 posts Joined: Dec 2008
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Hmm weird
I don't have any single TP for MBB Visa Wave Even the Treatpoints column is disappear under my Visa account |
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Jan 2 2009, 05:39 PM
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#39
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Junior Member
370 posts Joined: Dec 2008
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I wonder does anyone here fully understand the calculation and interest charge . Anyone do own maths to confirm no error in your statement ?
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Jan 2 2009, 08:57 PM
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#40
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Junior Member
370 posts Joined: Dec 2008
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lol so u cancel already ??
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