in my opinion, that is.
Never ever do that, if you people out there want to do it. clear all debt (what ever amount you have draw) before the statement reach your mailbox. WHY? interest rate charges on a daily basis rite?
let say,
10th feb, statement close and send out by bank, reach your mail box on either 11th or 12th feb, you pay on 13th feb, base on the statement amount. amount clear only on the following day ( 4days liao), WAIT!!!! 4 days? rite! you still owe the bank 4 days of interest. dont believe? try it then, just pay only the amount show on the statement(principal amt + interest charge up to statement closing date), and you will know what I mean.
Are all banks out to suck money from us?
Anyway, lesson learnt banks are legalised loan sharks...not just for cash adv but also for yr signings....daily interest, all in is more than 24% pa.
So beware.....
nod nod nod
but hor... i still using it leh ... cos the interest still lower and which bank will lent u few K one ... hehehehe...
