Bananachinese’s Weblog

October 15, 2008

Worst along bank in Malaysiakini: Najib’s brother’s CIMB wins award

Anybody using Direct Access/Southern Bank/CIMB Bank credit card – beware of Nazir Razak’s bank!

If you are late even 1 day making payment you will be slapped with 1% penalty on total outstanding.

If eg your o/s balance is 10k, you will kena $100 max penalty.

My friend came back from holiday and was late 5 days in payment. The nice legal along bank slapped him nicely with the penalty. When he called the bank to ask if this is approved by Bank Negara, the customer service just answered that it is the Bank policy.

My friend ask me to convey this:

“Please warn your friends and family, avoid this credit cards along bank.”

.

p/s: I wonder if this is along activity is sanctioned by Bank Negara?  Najib Razak, do you know anything about this bullying activity?

Malaysiakini, are you going to help find out why CIMB hungry for the blood of their trapped credit card holders?

2 Comments »

  1. Any updates on this?

    Comment by MXVoon — January 15, 2010 @ 2:24 pm

  2. pretty normal… late penalty any bank also have. different bank different rates… its all in the fine print.

    Comment by JasonX — July 20, 2010 @ 11:37 am


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