There are some expenses that we just do not want to pay for with hard cash. However, we do want to make the purchase, so check out a good easy payment plan to help ease up on your savings account and save you money at the same time.
How do I spend money and save money?
Well charging something to your credit card means that there is usually and interest imposed on the amount that you pay. More often than not, people end up paying 18% in interest on their credit card bill all the time.
However, when you sign up for an Easy Payment Plan ( EPP), especially this one from AmBank, you can not only break up the repayment for the item you bought. You can also make payments interest free!
Sounds amazing! Give me deets
The AmBank EPP offers you repayment periods of 3 months up to 24 months, with 0% interest. The minimum amount of spending required is RM500 only.
So, if you really wanted those hot new pair of sunglasses, charge it to your AmBank credit card and have a go at interest free spending.
How does it work?
That’s the easy part. Check out the list of merchants that this plan applies to before you decide to go shopping.
After you’ve made a purchase of RM500 or more, simply drop a call to AmBank, give them your purchase details and have them convert your purchase under the 0% EPP. Then pick a repayment period that works for you.
Upon approval, you’ll see the first installment in your next statement.
Is there a catch?
Nope. You should keep in mind that you need to call the bank ASAP after you’ve made you purchase. The plan will only apply to unbilled or un-statemented purchases.
Lastly, please take note that if your payments are not made on time and in full, or if you do not complete the repayment within the stipulated time, your balance will be subject to the regular 18% interest p.a.
So shop smart and be debt free with great savings.