Comments on: Credit Cards: How to maximise your interest free credit period http://www.all-aboutshopping.com/2008/09/24/credit-cards-how-to-maximise-your-interest-free-credit-period/ Shopping online, in store, sales, star buys and duds Thu, 25 Nov 2010 07:51:58 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Laura1318 http://www.all-aboutshopping.com/2008/09/24/credit-cards-how-to-maximise-your-interest-free-credit-period/comment-page-1/#comment-2687 Laura1318 Sat, 27 Sep 2008 05:42:32 +0000 http://www.all-aboutshopping.com/?p=115#comment-2687 Further to my method of using the Diner's card. You not only enjoy 55 days of interest free from Diners and if you use Ambank credit card, you can go online and pay your Diner's bill and get a further 20 days of free interest ,making it a total or 75 days of free interest!!!! This is on condition you do not have any unpaid balance from last month. This option beats every type of credit cards in the market..LOL! Further , the annual fee is only Rm35 and can be easily waived if you swipe 3x a month. For those who settle all their balances each month , they should consider having this card. This is not a credit card but a charge card. You have to pay all when the statement arrived. If you cannot settle all, you will be charged interest and late payment charges. Further to my method of using the Diner’s card. You not only enjoy 55 days of interest free from Diners and if you use Ambank credit card, you can go online and pay your Diner’s bill and get a further 20 days of free interest ,making it a total or 75 days of free interest!!!!

This is on condition you do not have any unpaid balance from last month. This option beats every type of credit cards in the market..LOL!

Further , the annual fee is only Rm35 and can be easily waived if you swipe 3x a month.

For those who settle all their balances each month , they should consider having this card. This is not a credit card but a charge card. You have to pay all when the statement arrived. If you cannot settle all, you will be charged interest and late payment charges.

]]> By: jojo ash http://www.all-aboutshopping.com/2008/09/24/credit-cards-how-to-maximise-your-interest-free-credit-period/comment-page-1/#comment-2679 jojo ash Fri, 26 Sep 2008 15:18:19 +0000 http://www.all-aboutshopping.com/?p=115#comment-2679 I fear credit cards, especially credit cards from stores....that is until I went shopping at a Von Maur store while visiting family. I dont have a Von Maur store where I live. So when they tried to get me to sign up for one I was hesitant. Then they proceeded to tell me that it is interest free...and its what I've heard before...so I questioned them on this. Come to find out it is interest free forever, no late fees forever, and they pay for all shipping even if its a $5 shirt. Its an upper scale store....very nice, and the associates will reserve time to do shopping for me and ship it off to me. And when the holidays arrived I wanted to do all my shopping there, get it over with. My bill was just over $800. The associate Lynn then offered me a 10 month contract to reduce my payments in half. Luckily I was in town to recieve that contract, so rather than having a $160 monthly bill, it was $80. It is now my favorite store.....I go to town and do major shopping in person to recieve the contract, and purchase smaller amounts over the phone. I love that store. Plus they carry high end lines...from make-up, to handbags, to shoes and clothing. Along with knick knacks, and kids clothes.....I am in heaven there. Oh and they will package and wrap gifts for you, I wish every store offered this. I fear credit cards, especially credit cards from stores….that is until I went shopping at a Von Maur store while visiting family. I dont have a Von Maur store where I live. So when they tried to get me to sign up for one I was hesitant. Then they proceeded to tell me that it is interest free…and its what I’ve heard before…so I questioned them on this. Come to find out it is interest free forever, no late fees forever, and they pay for all shipping even if its a $5 shirt. Its an upper scale store….very nice, and the associates will reserve time to do shopping for me and ship it off to me. And when the holidays arrived I wanted to do all my shopping there, get it over with. My bill was just over $800. The associate Lynn then offered me a 10 month contract to reduce my payments in half. Luckily I was in town to recieve that contract, so rather than having a $160 monthly bill, it was $80. It is now my favorite store…..I go to town and do major shopping in person to recieve the contract, and purchase smaller amounts over the phone. I love that store. Plus they carry high end lines…from make-up, to handbags, to shoes and clothing. Along with knick knacks, and kids clothes…..I am in heaven there. Oh and they will package and wrap gifts for you, I wish every store offered this.

]]> By: PB http://www.all-aboutshopping.com/2008/09/24/credit-cards-how-to-maximise-your-interest-free-credit-period/comment-page-1/#comment-2637 PB Wed, 24 Sep 2008 07:39:28 +0000 http://www.all-aboutshopping.com/?p=115#comment-2637 @Laura1318: Thanks for your thoughts! I agree. After 20 days interest free you will be charged interest. Which is why it is important to pay the bill on time on or before the due date. That way, you maximise your interest free period. This technique has worked for me for years and I've never been charged interest unless I pay after the due date which is usually my own fault anyway. @Laura1318: Thanks for your thoughts! I agree. After 20 days interest free you will be charged interest. Which is why it is important to pay the bill on time on or before the due date. That way, you maximise your interest free period. This technique has worked for me for years and I’ve never been charged interest unless I pay after the due date which is usually my own fault anyway.

]]> By: Laura1318 http://www.all-aboutshopping.com/2008/09/24/credit-cards-how-to-maximise-your-interest-free-credit-period/comment-page-1/#comment-2636 Laura1318 Wed, 24 Sep 2008 07:33:14 +0000 http://www.all-aboutshopping.com/?p=115#comment-2636 I beg to differ with what you wrote. You maybe billed in the latter month but the interest after the 20 days of free interest will be included into that bill. If those banks states 20 days of interest free, it will be 20 days , no more and no less. Those banks are very meticulous, they have computers to calculate the interest for each item you swipe on a particular date and calculate the interest after the 20 days of free interest is over. You only qualify for the 20 days of free interest if you pay all your last month's debt.(Applicable in Malaysia) Get a Diners club charge card. You get 55 days interest free before you pay up. The statement date is 30th and the due date is 25th of the preceding month. If you swipe on the 1st of Sep. you only have to pay on 25th Oct. This is a preferred mode. I beg to differ with what you wrote. You maybe billed in the latter month but the interest after the 20 days of free interest will be included into that bill.
If those banks states 20 days of interest free, it will be 20 days , no more and no less.

Those banks are very meticulous, they have computers to calculate the interest for each item you swipe on a particular date and calculate the interest after the 20 days of free interest is over. You only qualify for the 20 days of free interest if you pay all your last month’s debt.(Applicable in Malaysia)

Get a Diners club charge card. You get 55 days interest free before you pay up.
The statement date is 30th and the due date is 25th of the preceding month. If you swipe on the 1st of Sep. you only have to pay on 25th Oct. This is a preferred mode.

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