I received a Maybankard Ezy Cheque yesterday. It is a cheque with amount of RM2,000. You can get extra cash by simply bank in the cheque.

There is no document to fill in, no waiting approval and 0% interest-free for six months. You will need to pay back (by charging to your credit card) the money within 6 months, RM333.33 each month.

It is an interest-free for the installments but you will need to pay the cash advance fee which is RM77.60 (3.88%). Will you take that offer?

Personally I think it is not worth to take it unless you need the money urgently. The cash advance fee for credit card normally is around 18% p.a. So it is consider cheaper to take the Ezy Cheque than to take credit card’s cash advance.

If the cash advance fee is 2% or less, I think I will take it because I can use the money to invest in stock market or mutual funds, where I think I will get a better return on the investment (more than 2%).