Interest Free Period Not really free
You will enjoy an interest free period, usually 20 days from the posting date of the transactions (only for purchases) if you do not have any unpaid repayments due from the previous month. Therefore, if you make partial or minimum payment of the amount due, you will be charged an interest charge for all purchases paid through your card from the day the transactions are posted to your card.
Late payment charge A very heavy fine for forget to pay even the MINIMUM by the due date.
This is a charge imposed when you fail to pay the minimum monthly payment by the due date. If you pay after the due date, you will be charged both the finance charges (the interest on your outstanding balance) and the late payment charges. Late payment charges can be as high as 1% of the outstanding balance, subject to a maximum amount of RM75 while the minimum amount is RM5.
It is extremely not fair for consumer to pay these extraordinary charges, why Bank Negara approves these charges?
Read more here.