Investment

The steps to invest with 0% interest fund. (time-limited)

Disclaimer: This is a personal, non-financial professional view. Please seek professional advice on any investment decisions.

Do you like to keep cash while riding on various investments? This method allows you to earn 2%, or if you need cash, save 9% personal loan interest.

Before you take this path, you need to remember the RISK:

  • The minimum monthly payment on your card will be your installment amount. Not repaying an installment will incur late fees and interest rates.
  • There’s no guarantee in investment, especially for high-risk products.

Here’s how I have leveraged funds with Credit Card. I use Maybank where the offer valid till 31st Dec 2020. This probably a bit late for some of you, but I feel like an imposter when this information got “beaten” on Twitter. I had to make sure I paid the first installment with zero charges before writing this.

Use this up to the amount you already have saved up. If you have no savings but intend to invest, please only use method 1 or take the bonus risk-free cash method.

Method 1: Money market funds with OPUS

Risk level: Low-Medium

Here’s how to get 0% interest fund to invest in Money Market Fund

  1. Ensure there’s still ~7 days to the statement date.
  2. Top up at least RM1,000 in Boost
  3. Pick the fund you like to invest in Opus and pay with Boost
  4. Wait for a few days for the transaction to enter M2U records.
  5. Steps below. Apply for Ezy Payment 0% 12 months 3 days before the statement date.

Withdraw the cash or leave the money for investment in the stable fund.

Method 2: e-_o_o (the platform not to be named)

Risk level: Medium-Very High

Many Malaysian investors use this platform, so it’s likely you have heard or invested using this site. I shall not name as according to the Securities Commission, this platform is not registered in Malaysia, therefore it is not legal.

I decided that the risk is worth taking based on the site offer and the alternatives. I have to admit; the interface is so simple and fast that sometimes I wonder if I really own any of the shares.

There are user reviews that you can’t withdraw the money as easily as you fund, so this is not a method for short term funding.

Here’s how to get 0% interest fund to invest in US equity.

  1. Ensure there’s still ~7 days to the statement date.
  2. Deposit using Maybank credit card (The exchange rate of MasterCard is cheaper than Visa. Payment with Paypal charges an extra 1.1%)
  3. Make sure the deposit is more than RM1000, that’s around USD250.
  4. Wait for two days for the transaction to enter the M2U records.
  5. Steps below. Apply for Ezy Payment 0% 12 months 3 days before the statement date.

Bonus: Risk free cash

Risk: No risk

Using BigPay withdraw function, we can loan up to RM1,000.

Here’s how to get 0% interest cash

  1. Ensure there’s still ~7 days to the statement date.Top up BigPay at RM1,000
  2. Withdraw up to RM999.50 (there’s an RM0.50 transaction fee) to your account
  3. Wait for three days for the transaction to enter the M2U records.
  4. Steps below. Apply for Ezy Payment 0% 12 months 3 days before the statement date.

How to apply for EzyPay when you are at the M2U site?

  1. Login to your M2U account

2. Click apply at the top menu, and card at the second menu (the one below the picture)

3. Select EzyPayPlus (the middle card)

4. You’ll only be able to select if you have an eligible transaction (between RM1,000 to RM30,000) . After you select the transaction, choose your plan. Remember to pick 12 months at 0.00% (there is no upfront fee or early settlement cost for this promo).

5. Click submit, read the confirmation data to ensure you PICK the right plan, and put in your TAC number to confirm the application.

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I know what I do sometimes is not a one equals one. If you do not see what you can gain from these methods, please don’t do this—our risk appetite is different. If you don’t like the sound of carrying a credit card balance, please don’t do this.

Like every other tool in life, things can backfire if you don’t use it correctly.

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If you like this post, could you kindly click the thumbs button below so I would know? -xoxo

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2 thoughts on “The steps to invest with 0% interest fund. (time-limited)

  1. Wow… this is something new to me. I like it when you keep the thing transparent and emphasize that this method is not for everyone.

    Great sharing and glad that this method works for you.

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