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.


Date Transaction Debit (RM) Credit (RM) Outstanding Balance (RM)

12-Feb-2009 4.02 1,255.61
13-Feb-2009 40.13 1,295.74
14-Feb-2009 215.00 1,510.74
17-Feb-2009 13.00 1,523.74
19-Feb-2009 38.00 1,561.74
21-Feb-2009 3.00 1,564.74
23-Feb-2009 40.46 1,605.20
27-Feb-2009 40.00 1,645.20
02-Mar-2009 190.00 1,835.20
04-Mar-2009 1,220.00 615.20 --> paid before due date, left RM31.59 not yet paid
04-Mar-2009 126.00 741.20
05-Mar-2009 2.03 743.23
05-Mar-2009 42.60 785.83
07-Mar-2009 50.00 735.83 --> paid the remaining dept one day late
10-Mar-2009 30.31 766.14
12-Mar-2009 4.81 761.33
13-Mar-2009 15.61 776.94 --> FINANCE CHARGES

This post has been edited by labtec: Mar 15 2009, 01:00 AM

icic, they are charging interest on the whole CC dept for that month, not the RM31.59 outstanding balance

hi, want to ask those who work in oversea, how u all pay your credit card using e-banking?
coz using e-banking they will send the PAC code to your handphone first?
but if i went oversea, can my handphone still received the PAC code? or i need to change the country code for my hand phone number in the bank record in order to receive PAC code in oversea?

icic, thanks for all your inputs
should be no problem to receive sms in oversea then