🔥Get your credit card with RinggitPlus (TONS of rewards!) ➡ invol.co/clh4q97 🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt 🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡ j.moomoo.com/00JRcf If you found this video helpful, it would do our team a great pleasure if you can check out Interactive Brokers (with the link above), as we will receive a very tiny kick back - we promise to make more and higher quality videos for all of you ❤ Have a nice day ahead!
a small tips to Citibank CC holder, you can request to waive your SST by going to their website live chat and ask for loyalty cashback. At first customer service will say the SST is imposed by govt and cannot be waived etc. Then you can ask them to check if you are eligible for the loyalty cashback. After a few minutes, they will waive the SST. Oh ya, I heard from ppl that the SST only can be waived within 4 months.
Hmm I paid off the outstanding balance same as you make it zero ....but when I checked the e statement balance still show RM700 + ....wondering why i wont automatically disappear?😅
I don’t actually how credit card work.. but how I use normally is once I spend it, I try to pay it back as soon as possible.. in a sense I treat it like my “eWallet” or some sort.. is this actually a good habit or it’s not recommended to do this way?
Hi Leon - its a good thing! Dont worth about that, i occasionally so that too haha! But to save you the trouble try repaying weekly instead, because technically you can “not pay” for 1 full month 😁
New user of a cc. My question is i had paid my statement balance within a week after statement date(of course before due date), it's considered as the grace period right? As u said in the video it's safe from getting any extra charges. But i wonder if i use my cc during the grace period (start from the day i paid off my statement balance), what will it affect to me? Will it became a factor to charge me interest soon?
hey Kim! yep, as long as you pay off in full before the due date, you are ok. When you start using during the grace period, it will only be reflected in the next billing cycle anyway.
Hi, can i choose how much i want to pay for the statement, let say my outstanding is RM 1k and minumum amount is RM 50, can i choose to pay RM500? Thankyou
Hi Ziet, I was wondering that can we cancel credit card which we applied but have not activate it yet? I had applied for Hong Leong Bank credit card through an agent but they sent me three cards. After learning more about the cards and its terms and conditions, I am not interested in it. Do I need to call the bank to cancel my credit card which I haven't activate it?
Hi there, yes you can do that! In fact many of these companies encourage you to apply for the free gifts haha (tho i personally dont encourage doing that). As long as you didnt activate, its fine. You can give them a call to tell them you want to cancel it (even thou if you didnt activate) for the peace of mind!
@@ZietInvests Thank you for the information, Ziet 😊 Ya, I applied the Hong Leong credit card for the free gift which I felt guilty about it now. So I will be using my Citibank credit card from now on 😅
i actually found a way to waive the gov tax which is by redeeming points accumulated whenever i spend on my cc. In my case, it is called tpoints (maybank) which required 10000 points to waive the rm25 gov tax. Basically i paid nothing to use the cc since the annual fee is zero too.. ;)
10:12 My statement date is 6th march, due dath on 26th march. Statement balance is rm500+ but outstanding balance is rm0. Meaning i paid off my cc right? I tried paying but i cant pay my statement balance as it exceeds my outstanding balance.
Hi, just wondering if you know why. i have three cc, the third one has a lower credit limit, a lil bit less than half, as to compare to my other two cc. Is it because i have too much cc or bcs of my credit scores? How do i check my credit scores? But I think i always paid mine on time before due date.. Thanks!
Hey Sarah! A few factors but usually they would base it off your salary range and promptness in paying back your dues. You can check with the banks directly for more info too. As for checking credit scores, you can check it here at CTOS: ctoscredit.com.my/
i have make full payment for statement balance but it still shows the amount that i need to pay. do i need to wait after the payment due date to see my statement balance turns zero?
That's when this banker told me the Service Tax Principle for CC can be waived, I didn't believe him, but he sounds convincing though, he claims he made the waive it. I tried before, doesn't work, you can only waive your annual fee, subject to approval so before you sign up, do some research.
Wht if lets say my oustanding bal is 2k on 5th sept, the pmt due date is 20th sept. I go ahead and pay my oustanding bal on 15th sept before due date, but i still use my cc another 100 ringgit after 15th sept. Will i get charged interest for the 100 ringgit after 20th sept?
No. As the video already explained outstanding balance and statement balance are two different things. Outstanding balance is the total amount you owe in real/current time. As long as you pay the “statement balance” in full before the due date then you are already safe.
@@Nick-es4fiI paid the statement balance but the outstanding still have. Will it take a few days or next month to show that the amount has been settled?
Hey man. Great video. Helpful for noobs like me. I have a question regarding the annual free waiver. Is the waiver something that the banks are obliged to do if we call and make a waiver request? Or is it something that is more of a 'budi bicara' and up to the bank's discretion kind of thing? And can we do it every year?
Hey Aki, not at this moment. I can definitely consider for next time! Meanwhile, you can check this one out if you'd like to know about cashback credit cards: ua-cam.com/video/RJasEjCRXxw/v-deo.html
🔥Get your credit card with RinggitPlus (TONS of rewards!) ➡ invol.co/clh4q97
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt
🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡ j.moomoo.com/00JRcf
If you found this video helpful, it would do our team a great pleasure if you can check out Interactive Brokers (with the link above), as we will receive a very tiny kick back - we promise to make more and higher quality videos for all of you ❤ Have a nice day ahead!
a small tips to Citibank CC holder, you can request to waive your SST by going to their website live chat and ask for loyalty cashback.
At first customer service will say the SST is imposed by govt and cannot be waived etc. Then you can ask them to check if you are eligible for the loyalty cashback.
After a few minutes, they will waive the SST.
Oh ya, I heard from ppl that the SST only can be waived within 4 months.
Omg! Loyalty Cashback - this is something new to me! Thank you so much for sharing
@@ZietInvests guess that banker was right ughhh
the way i thought i was already knowledgable in credit cards but ended up not knowing half of what you're talking about thanks for this video!
huhu no problem - so glad you found this useful!!
Thanks it really helpful for fresh grads before applying a credit card
Glad you liked it!!
You're literally teaching so much about finances. Thank you so much & keep doing what you're doing.
Awwww thank you so much for your nice comment, that's all I'd ever ask for! Super grateful to be in this position to share with everyone 🥰
Hmm I paid off the outstanding balance same as you make it zero ....but when I checked the e statement balance still show RM700 + ....wondering why i wont automatically disappear?😅
I don’t actually how credit card work.. but how I use normally is once I spend it, I try to pay it back as soon as possible.. in a sense I treat it like my “eWallet” or some sort.. is this actually a good habit or it’s not recommended to do this way?
Hi Leon - its a good thing! Dont worth about that, i occasionally so that too haha! But to save you the trouble try repaying weekly instead, because technically you can “not pay” for 1 full month 😁
Hi a little lost. For CC payment, if I were to pay the statement bal before the due date will interest be charged on the bal payment ?
Hi, wont ya, clearing off statement balance before the statement due date is good enough to avoid interest charges ;)
So tired of my friends talking abt this stuff and I just have to act like I understand 😭
Now you dont have to!! Hopefully this helps 😄
New user of a cc. My question is i had paid my statement balance within a week after statement date(of course before due date), it's considered as the grace period right? As u said in the video it's safe from getting any extra charges.
But i wonder if i use my cc during the grace period (start from the day i paid off my statement balance), what will it affect to me? Will it became a factor to charge me interest soon?
hey Kim! yep, as long as you pay off in full before the due date, you are ok. When you start using during the grace period, it will only be reflected in the next billing cycle anyway.
Hi, can i choose how much i want to pay for the statement, let say my outstanding is RM 1k and minumum amount is RM 50, can i choose to pay RM500? Thankyou
Hello! Be sure check and pay off the monthly statement balance amount first. So that you won't be charged any interest. Any extra, it's up to you.
Hi Ziet, I was wondering that can we cancel credit card which we applied but have not activate it yet?
I had applied for Hong Leong Bank credit card through an agent but they sent me three cards. After learning more about the cards and its terms and conditions, I am not interested in it.
Do I need to call the bank to cancel my credit card which I haven't activate it?
Hi there, yes you can do that! In fact many of these companies encourage you to apply for the free gifts haha (tho i personally dont encourage doing that).
As long as you didnt activate, its fine. You can give them a call to tell them you want to cancel it (even thou if you didnt activate) for the peace of mind!
@@ZietInvests Thank you for the information, Ziet 😊
Ya, I applied the Hong Leong credit card for the free gift which I felt guilty about it now. So I will be using my Citibank credit card from now on 😅
i actually found a way to waive the gov tax which is by redeeming points accumulated whenever i spend on my cc. In my case, it is called tpoints (maybank) which required 10000 points to waive the rm25 gov tax. Basically i paid nothing to use the cc since the annual fee is zero too.. ;)
Oo interesting, like that also can! Means you redeem points to get back RM 25? (Or they specifically mention can waive the SST?)
@@ZietInvests Yeah man, weird, I thought this was unwaivable
10:12 My statement date is 6th march, due dath on 26th march. Statement balance is rm500+ but outstanding balance is rm0. Meaning i paid off my cc right? I tried paying but i cant pay my statement balance as it exceeds my outstanding balance.
Hey there, hmmm best to check with your bank on this for better clarification!
Hi, just wondering if you know why. i have three cc, the third one has a lower credit limit, a lil bit less than half, as to compare to my other two cc. Is it because i have too much cc or bcs of my credit scores? How do i check my credit scores? But I think i always paid mine on time before due date.. Thanks!
Hey Sarah! A few factors but usually they would base it off your salary range and promptness in paying back your dues. You can check with the banks directly for more info too.
As for checking credit scores, you can check it here at CTOS: ctoscredit.com.my/
@@ZietInvests i see! thank you for replying 🙏🏻
Talking too fast and racing through it
thank you for your feedback!
Hi, what is “fixed management fee” ya? It says in the product disclosure for platinum card is RM15,000. What fee is that? Should I concern?
i have make full payment for statement balance but it still shows the amount that i need to pay. do i need to wait after the payment due date to see my statement balance turns zero?
That's when this banker told me the Service Tax Principle for CC can be waived, I didn't believe him, but he sounds convincing though, he claims he made the waive it. I tried before, doesn't work, you can only waive your annual fee, subject to approval so before you sign up, do some research.
SST memang cannot waive one, only annual fees!
Wht if lets say my oustanding bal is 2k on 5th sept, the pmt due date is 20th sept. I go ahead and pay my oustanding bal on 15th sept before due date, but i still use my cc another 100 ringgit after 15th sept. Will i get charged interest for the 100 ringgit after 20th sept?
No. As the video already explained outstanding balance and statement balance are two different things. Outstanding balance is the total amount you owe in real/current time. As long as you pay the “statement balance” in full before the due date then you are already safe.
@@Nick-es4fiI paid the statement balance but the outstanding still have.
Will it take a few days or next month to show that the amount has been settled?
Hey man. Great video. Helpful for noobs like me. I have a question regarding the annual free waiver. Is the waiver something that the banks are obliged to do if we call and make a waiver request? Or is it something that is more of a 'budi bicara' and up to the bank's discretion kind of thing? And can we do it every year?
More of a bank's discretion that sort of thing if I'm not mistaken! You can always call up your bank to ask to confirm.
I came here to say Can you please stop putting thumbnails with your mouth open?
Appreciate the feedback. Will see what I can do! :)
Is there a video about using Malaysia credit card use overseas?
Hey Aki, not at this moment. I can definitely consider for next time! Meanwhile, you can check this one out if you'd like to know about cashback credit cards: ua-cam.com/video/RJasEjCRXxw/v-deo.html
ahhhhhh thank you so much for the knowledge, really needed this info. 🥹
Welcome!