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CIMB Malaysia and Singapore

CIMB Malaysia and Singapore

Old Sep 5th 2016, 11:14 am
  #31  
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Thumbs up Re: CIMB Malaysia and Singapore

Originally Posted by SushiFan View Post
So this means that if you want a credit card with e.g. 10,000 RM credit limit you need to deposit 10,000 RM in a separate FD account? Do you get any interest over this deposited amount?
Yes, that's exactly right and you do get interest, just like any other FD. The only difference is the FD is associated with your credit card account, so you deposit as much as you want your credit limit to be.
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Old Sep 5th 2016, 12:15 pm
  #32  
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Default Re: CIMB Malaysia and Singapore

We used to have this when I was a We. But now I don't have a FD associated with the credit card. Maybe it's because I look honest
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Old Sep 5th 2016, 12:16 pm
  #33  
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Old Sep 5th 2016, 1:31 pm
  #34  
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Default Re: CIMB Malaysia and Singapore

Originally Posted by bakedbean View Post
We used to have this when I was a We. But now I don't have a FD associated with the credit card. Maybe it's because I look honest
Maybe because you would have built up some credit history you were considered a good risk BB
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Old Sep 5th 2016, 2:18 pm
  #35  
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Default Re: CIMB Malaysia and Singapore

Yes, I think it is also related to credit history, meaning that after time of being a good (and honest loooking ) customer they may grant you higher than your FD's in the respective bank credit limits.
But paying the card debts via monthly instalments and not full payment of each monthly bill carries quite a high interest charges!
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