How to Save Credit Card Finance Charge & Interest?
There is a way to save interest for your credit card With the implementation of Tiered Finance Charge effective 1 July 2008, credit card holders who demonstrate good payment track record in settling at least their minimum payment promptly before or on the due date will enjoy reduced finance charge on retail purchases as low as 15% per year.:)
This is in line with Bank Negara’s objective to encourage prudent financial management and to inculcate good financial discipline.
Here is how bank track your 12 months credit card interest payment or finance charge: