Hi all, my parent found out that they been charged RM15.61 by CIMB bank for not paying the full amount of Credit Card on that month(accidentally left out RM31.59 and paid the remaing of dept one day late)

my question is how come is RM15.61? The interest they charged is damn high for the late payment of the amount of RM31.59. AFAIK, the interest rate is just 1.8% per month for CC outstanding balance.

anyone working in bank can help me on that? here is the transaction history.

i just been imposed late payment charge by ambank...

my due date was 10 may 2009.... i paid it by cash to their cash deposit machine on 10 may 2009 at 11.15 pm....

since when they follow sydney or brisbane GMT ?? they are international bank or what ?? i hate to call their customer care consultant to ask for waiver since as far as i'm concern its still not pass the due date.....

I really think our gov should change the rules la. Im not happy with the new rules after my bad experience 2months ago. I think its good for the government to keep strict rules but do it in another manner.

My statement came up about RM3xxx. Somehow (I dont know how), when I transfer via CIMBClicks, it was RM4x short. When I received new statement next month, I was shocked of being charged 1% off the total RM5k+ that I spent. Then I look at it properly and then found out I had balance brought forward. I really couldnt find any receipt that match the missing amount but its ridiculous getting charged so much for such a small amount. In the end, I have to call and ask for waiver. Had this been before the new rules, I would only get a small penalty for it. Really makes me think twice about using cards now.

..previously it's not like this, they just changed it last year...

cant we consumer have any say before they change the rule that definitely not to our advantage; did they announce it before hand and invite comment from the public or consumer groups.. i suppose no, right?

I've never had OCBC platinum or any supplementary card before. But here's how I get my annual fees waived on my cards last time before I had any "free for life" card.

Call the card center. Pretend to be angry and tell the CS in an angry tone. "I want to cancel your card!". CS asks you why, you say cos you don't want to be charged an annual fee. You don't want to pay for something that other banks are giving for free. Other banks giving free annual fee. So you will bring your business to other banks. Usually, the CS will tell you they will waive or cancel the annual fee.

Same here.
If you calculate carefully, they charged you 3.88% for the 6-months cash. In actuality, MBB are charging you 7.76% admin fee for the cash advance. On that piece of paper, they have stated (in RM) the actual fees charged - it should come up to RM155.20, am I right ?

hi, need to ask whether maybank credit card have flexi-payment like citibank choice.

hi guys, need help to calculate how the bank charge interest here.

let say this month i swipe 3 times of RM1000, so the total bill will be RM3000.

and the statement come, i only pay the RM50 minimum payment, isit RM3000 x 13.5% or RM2950 x 13.5% ?

also what if i pay RM1500? isit RM1500 x 13.5% or RM2000 x 13.5%?

thanks