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Old Jan 17, 09, 3:01 am   #16
 
Join Date: Jun 2006
Location: Hong Kong
Programs: No longer Diamond and missing the good old days of CX
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Has anyone been billed with a "Financial Charge" of HKD1900 from CX AMEX Elite out of nowhere? I've called up AMEX for the reason, but they couldn't seem to give me an answer and is reluctant to waive it.

Guess I'll better stick with PremierMiles!!!!
kchika is offline  
Old Jan 17, 09, 5:11 am   #17
 
Join Date: Dec 2007
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Quote:
Originally Posted by kchika View Post
Has anyone been billed with a "Financial Charge" of HKD1900 from CX AMEX Elite out of nowhere? I've called up AMEX for the reason, but they couldn't seem to give me an answer and is reluctant to waive it.

Guess I'll better stick with PremierMiles!!!!
were you late paying your last statement?
hemz88 is offline  
Old Jan 17, 09, 5:25 am   #18
 
Join Date: Jun 2006
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I did pay late once, but that was clearly billed as "Late Payment Charge" on the statment and it was only HKD130. I've always avoided AMEX cards prior to the CX AMEX for a reason...
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Old Jan 17, 09, 5:28 am   #19
 
Join Date: Dec 2007
Programs: CX DM / SPG Plat
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typically with late payments, there is a LATE FEE and a FINANCE CHARGE, maybe they separated the charges on two differenty statements.
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Old Jan 17, 09, 6:38 am   #20
 
Join Date: Dec 2002
Location: Hong Kong
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Quote:
Originally Posted by chinatown View Post
I'm quite sure that Farrington Amex will be willing to accept Amex with no surcharge. It says so on their website, and they are operated by Amex! 6X available too.. Looks like they will be getting my business
Doesn't Farrington Amex charge against the traditional Amex?
IncyWincy is offline  
Old Jan 17, 09, 7:53 am   #21
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Quote:
Originally Posted by kchika View Post
Guess I'll better stick with PremierMiles!!!!
Citibank is also very very strict with late payment from my experience...

late charge is a fixed charge, usually HKD 100-150 or so, just a penalty, for paying nothing or below the minimum payment required , by the due date.

while finance charge is what the actual interest is, once your payment is late (or as long as you didn't settle the whole outstanding balance), all the charges outstanding will be charged interest rate starting from the day the charges were actually incurred (and not starting from the payment due date)...

so whenever there's a late charge, there must be a corresponding finance charge. while finance charge might occur on its own (i.e. you pay at least the minimum by the due date, but not the full balance).

(at least these are what my understanding has been)
tedhl is offline  
Old Jan 17, 09, 11:57 pm   #22
 
Join Date: Jun 2002
Location: Hong Kong
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Autopay is your friend!
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Old Jan 18, 09, 12:28 am   #23
 
Join Date: Apr 2008
Location: Germany/Hong Kong
Programs: CX GO, OW Sapphire, SQ Krisflyer, AAdvantage
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Quote:
Originally Posted by christep View Post
Autopay is your friend!
Actually, how do I setup autopay for credit card bills? PPS? Sorry if it seems a dump question.
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Old Jan 18, 09, 1:27 am   #24
 
Join Date: Jun 2002
Location: Hong Kong
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I have both my Citi Premier Miles and Amex on autopay direct from my HSBC account. The autopay forms come in the welcome pack for each I think. I only use PPS if I need to make an additional payment mid-month (which is very rare these days given the HK$500K credit limit that Amex gave me unprompted!)
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Old Jan 19, 09, 7:43 pm   #25
 
Join Date: Dec 2003
Location: Hong Kong
Programs: CX DM
Posts: 599
IS STANDARD CHARTERED AMEX THE BEST CARD?

From what I've gathered, it's 2X for local spending and 6X for overseas spending.

So that means HK$6 = 1 Asia Mile for local spending, and HK$2 = 1 Asia Mile.

Doesn't that beat all the other cards, that only offer HK$8 = 1 AM for local spending and HK$4 = 1 AM for overseas spending?
Psychiatrist is offline  
Old Jan 19, 09, 8:36 pm   #26
 
Join Date: Apr 2008
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Quote:
Originally Posted by Psychiatrist View Post
IS STANDARD CHARTERED AMEX THE BEST CARD?
The best card for conversion rate? probably, with a price and restriction. As other FTers mentioned, the best conversion rate happens when you convert at least 10,001 miles (with a fee $100 per 10,000 miles, so to max out the deal, convert 20,000 miles): 12 pts = 1 mile, otherwise 15 pts = 1 mile.

The DBS Black gives HK$6/mile with no conversion fee (and no caps I assume).
theclubsq is offline  
Old Jan 20, 09, 2:35 am   #27
 
Join Date: Feb 2005
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Wasn't aware of this SCB change, its a bit of a pain really.

Looks as though I may go back to my DBS Black Amex and ditch the SCB all together (less cards to have).

For foreign charges, what is the present wisdom?

I know that my citibank premier, the charges were around 1.95 - 2% off interbank.

I had used my Amex (SCB) once previously and the charges worked out at around 3.25% off interbank.
theworld is offline  
Old Jan 20, 09, 2:52 am   #28
 
Join Date: Dec 2007
Programs: CX DM / SPG Plat
Posts: 283
As far as I understand....

Mileage conversion

DBS Amex
L: $1 = 2pt / $6:1m
O: $1 = 3pt / $4:1m
*12pts = 1m
NO CHARGE

SCB AMEX
L: $1 = 2pt / $6:1m
O: $1 = 6pt / $2:1m
*12pts = 1m if >10,001m
otherwise 15pts = 1m
CHARGE - $100/10,000m

CX Amex
L: $8:1m
O: $4:1m
NO CHARGE - Auto T/F

Citi PremierMiles Visa
L: $1 = 1.5pt / $8:1m
O: $1 = 4pt / $3:1m
NO CHARGE - Auto T/F

HSBC (as of Jan31, 2009)
L: $1 = 1pt
O: --
*15pts = 1m
CHARGE - $300/yr

Looks like DBS for local and SCB for overseas.
hemz88 is offline  
Old Jan 20, 09, 3:22 am   #29
 
Join Date: Jun 2002
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Quote:
Originally Posted by hemz88 View Post
Citi PremierMiles Visa
L: $1 = 1.5pt / $8:1m
O: $1 = 4pt / $3:1m
NO CHARGE - Auto T/F
No.
O: $1 = 3pt / $4:1m
No Charge. Auto or non-auto as you wish.
(I prefer non-auto since that maximises the life of the miles)

The other variation - important for those who spend in China or Macau - is whether they are regarded as Overseas or Local. CX Amex regards them as Overseas, Citi PremierMiles as Local.
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Old Jan 20, 09, 5:14 am   #30
 
Join Date: Apr 2008
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Quote:
Originally Posted by christep View Post
The other variation - important for those who spend in China or Macau - is whether they are regarded as Overseas or Local. CX Amex regards them as Overseas, Citi PremierMiles as Local.
boo to that. And Citibank HK always charge you for late fees before they notify you if it happens (even just for a day i heard)

I think I'll stick with SCB's AMEX card for a while.
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