One good site to add from http://www.bankinginfo.com.my
KNOWING YOUR CARDS (pls spend some time reading it up, especially for first time card user)

1. Visa
2. Mastercard
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. China Union Pay(中国银联)
7. Etc.

1. Annual fee matters

No need to request for waiver
CIMB Direct Access Platimum and Gold - requirement Professional/Graduate. ---> http://www.directaccess.com.my/index.php?tpt=cimb_da
UOB Platinum - got to have BOTH MasterCard and Visa and swipe minimum 6 times/card.
Alliance Platinum - swipe 12 times a year or spend RM5,000/year.
RHB Evo - got to swipe once a month or RM8 is charged for that month.
OCBC Platinum Robinson - swipe 3x any amount even few ringgit also can at robinson from month on card expiry not following year basis (http://www.ocbc.com.my/personal-banking/Ca...Privileges.shtm)
MBB Flex -got to swipe twice a month or else charged RM3.95
Citibank Choice - 2 transactions in a month
CIMB Mastercard Paypass - free for life without conditions

2. Tap and Go - no signature required matters

Visa Wave - MBB, UOB
Mastercard Paypass - CIMB, CIMB DA, CIMB Islamic ---> http://www.mastercard.com/sea/personal/en/...rd/paypass.html
Visa payWave - MBB Petronas, EON, MBB Petronas Ikhwan ---> http://www.visa-asia.com/ap/sea/cardholder...a_paywave.shtml

Paypass limited to RM120
Visa Wave limit should be RM150


3. Credit Card linked to Petrol Giants

BHP-UOB
Shell-Citibank
AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations.
Petronas-MBB Visa Gold with payWave (free for life with no conditions) ---> http://www.mymesra.com.my/index.php?ch=mm_...omo_promo&ac=75
Petronas-CIMB Mastercard Gold (free for life) ---> http://www.mymesra.com.my/index.php?ch=mm_...omo_promo&ac=75
All petrol brands with CIMB DA Mastercard with rebate up to 2% monthly and 5% on the first day of the month.
Petronas-MBB Ikhwan Visa ---> http://www.mymesra.com.my/index.php?ch=mm_...mo_promo&ac=123
Petronas-CIMB Islamic Mastercard ---> http://www.mymesra.com.my/index.php?ch=mm_...mo_promo&ac=123
AMEX credit card generally offer 2X MR/TP at ALL petrol stations that accept AMEX. The newly AMEX credit card offers 5X MR.


4. Standard financial charge (interest rate)

Retails purchases: 18% p.a or 1.5% p.m from statement date upon paying the minimum amount.

*Malaysia had adopted tiered pricing interest rate: BNM Press Statement
18% p.a. (now, most bank had adopted 17.5% p.a. starting Apr 09)
17% p.a. (now, most bank had adopted 16% p.a. starting Apr 09)
15% p.a. (now, most bank had adopted 13.5% p.a. starting Apr 09)

Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.


5. Complementary Cards

1) Citibank - Just deposit and maintain RM200k
2) UOB - Opening deposit of RM300k with maintenance of RM200k
3) Standard Chartered - Deposit & maintenance of RM250K effective 1st April 2009
4) OCBC - Opening deposit of RM300k with maintenance of RM200k
5) HSBC - Deposit & maintenance of RM200k

6. AMEX ---> http://www.americanexpress.com.my/amx_info...fo/home/home.do

A - Charge card

AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations. Another benefit AMEX have over others is that they presently have 6 months 0% installment for any transaction. AMEX is truly 0% as they is no handling or surchage fees as compared to DA and UOB.

B - Credit card

With the newly launched AMEX Gold Credit Card:
5x Membership Rewards points for every Ringgit spent on groceries, petrol, bookstores - Kinokuniya, Borders, Times and MPH - and telco charges via Express Autopay -Celcom, Digi, Maxis and Telekom.
2x Membership Rewards points for all spend elsewhere.

Link to AMEX thread: http://forum.lowyat.net/topic/547867

7. International Transactions

Mastercard and Visa charges a surcharge on top of the exchange rate. The banks also choose to charge an additional administration charge on top of that

Maybank: 0.5% -->verified by Hye

CIMB/DA: DA - 1% (starting April 2009 - by hye)

Hong Leong: 1%

PBB: 1.25% (thanks to the link by prasys)

http://www.pbebank.com/en/en_content/perso...ates/cards.html

Citibank: 1% --> verified by tinkerbel

HSBC: 1% --> HSBC will also charge a Misc fee; bank isn't able to provide details on what that is but according to CS whom I spoke with, there's a small misc fee. (contribution by Tinkerbel)

EON: 2%

UOB: 1%

Standard Chartered: 1%

AMEX card: 2.5% (Item 13.5 of the T&C)

OCBC bank: (provided by kei18kun)
overseas transaction 1%
http://www.ocbc.com.my/personal-banking/Ca....shtm?bcid=M5_1


8. Credit Card Cancellation Letter




9. Cash Advance fees

Citibank: 5% of cash amount (min RM20), and 18% p.a. daily interest (N/A for Ready Cash)

UOB: The cash advance fee is charged to any withdrawal of cash made. This is imposed for each cash advance transaction. 5% or RM20, whichever is higher.

Maybank: VISA/Mastercard (Both Classic and Gold) | Flat rate of 5.00% of the total amount of cash advance | Min: RM10

CIMB DA: 5% of the amount drawn, subject to a minimum of RM15, whichever is higher.

CIMB: 5% of the amount drawn, subject to a minimum of RM15, whichever is higher.

HSBC:
The cash advance fee is 5% of the amount advanced or a minimum of RM15. Whichever is higher. This is imposed for each cash advance transaction
For HSBC Amanah Charge Card, cash advance is capped at RM1,000 per transaction and a fee of RM60 per transaction will be levied
For cash advances made over the HSBC banking counter, there will be an additional charge of the following:-
- RM50 on credit cards issued by local banks other than HSBC - RM20 on credit cards issued by non-Malaysian card issuers (including JCB)
- Cards issued by HSBC Bank Malaysia and the HSBC Groupare exempted from this charge

OCBC: The cash advance fee is 5% of the amount advanced or a minimum of RM15, whichever is higher. This is imposed for each cash advance/casino chips transaction.

10. Verified by Visa and Mastercard Securecode

Verified by Visa ---> http://www.visa-asia.com/ap/sea/merchants/...vbv_intro.shtml
Participating banks: EON, MBF , HSBC, PB, MBB (MSOS)

Mastercard Securecode ---> http://www.mastercard.com/au/personal/en/c...code/index.html
Participating banks: EON, MBF , HSBC, PB, MBB (MSOS)

11. Previous versions

Credit Card V2 Thread
Credit Card V3 Thread
Credit Card V4 Thread
Credit Card V5 Thread
Credit Card V6 Thread

12. Useful information
BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here, page 123 has the guidelines. (Courtesy of tishaban) (thanks awaynoway for the updated link))

Credit information:
CCRIS: http://creditbureau.bnm.gov.my/
CTOS: http://www.ctos.com.my/
BRIS: http://bris.com.my/index.html

13. FMB - Financial Mediation Bureau
http://www.fmb.org.my/index.htm


14. AKPK - Agensi Kaunseling Dan Pengurusan Kredit | "We understand what you go through when you are financially distressed"
http://www.akpk.org.my/Home/tabid/36/Default.aspx

Financial Education | Financial Counselling | Debt Management

Link to AKPK thread: http://forum.lowyat.net/topic/876712

14. Other Links By Users:
Quite informative blog with links provided by Gen-X:
http://creditcardsmalaysia.blogspot.com/20...rds-cc-101.html
Disclaimer: If there's anything one wants to update on this first page or if there's any information wrong, pls PM me and I'll update if it's relevant.

Code to add as 1st page: (click the spoiler, than copy and paste)


This post has been edited by David83: Sep 10 2009, 08:02 PM

i have just had a cimb credit card but i dont have a savings account with them


can i open an online banking account so that i can use CIMBclicks?

No need to open saving account also can have CIMBClicks.

Apply ATM PIN for your CIMB CC.

AmBank launches credit card drive

URL: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Tried moving some of the last few posts over but failed
Messed up the topic.
So instead, I shall use the old fashion way: quoting the last few posts:

Bro you are on the right track in getting a card that gives you automative annual fee waiver. Some cards have conditions like you must swipe 12 times a year to get waiver on annual fees like Alliance where as EON bank you need to swipe 6 times for classic card. Alliance bank CC not to bad because you get cash back AND reward points that does not have expiry period.

If you pay your bill on time and in full then you don't have to pay a single sen more than you spend. Since your credit limit would most probably be higher than your monthly income, you must practice to never spend more than you can afford or else you will end up like millions of Malaysians working for the banks. Having said this, the credit given with CC does come in handy in emergency situation.

Bro, even if you only spend RM200 on petrol a month it comes out to be RM2400 a year and if you can get 1% cash back you get RM24 free money. If you have insurance. phone bills, TNB, quit rent or whatever monthly'yearly expenses, charge it to the card and get cash back also. Also with CC you can get 0% installement plan but when having these kind of plans you have to be smart and not pay more than normal market price.

Another option is debit card where you get the convenience of paying just like CC. Public Bank just introduce a new debit card called Day2Day where they give 1% rebate on grocery and petrol up to December and subsequently 0.8% and the annual fees is RM12.

http://www.pbebank.com/en/en_content/perso...s/visa_d2d.html

Anyway, DA not that great lah, the points redemption is so so and got to pay for courier charges.

Oh so fast new thread already.

I just got my new HSBC card, does it requires 6 times swipe for free for life?
Im lazy to ask the guy when applying lolx

anyone can give opinion on this gsc-eon bank cc?

http://www.gsc.com.my/gsceonbankcard/default.asp

imo its good for those who frequent go to movies with a group of friends, and watch gold/premium class.

Anyone received statement from DA recently? Mine came with leaflet of DA Smart Flexi-pay plan. Until end of the year, you can convert any purchase to 10 monthly instalments. No upfront charges to convert unlike last time.

hi all,
anyone know which bank offer highest cash rebates on credit card purchases now? not those only certain period offer.

Reporting in. Today submit the new Amex Credit Card application form. Not sure MBB will receive it properly or not. Or how long they need to process it.

Congras on the new thread. Let's continue our passion.

welcome to HSBC.
which hsbc card you have?

for hsbc classic, it's going to expired next year. 3 years waiver is ending soon.
so i asked the CS, she told me that, the new renewal card, will get auto waiver with 4 times swipe per annual.
asked her again, and again, she said is 4 times.

too good to believe.

yes. you right. if u r frequent movie fan, it's the card you need as you can see the advertisement in the GSC. haha

since now the number of eon-gsc card holder is just started to growing, i guess, the GSC-EON ticketing line now is being shared with gold class at One Utama. it still not the exclusive ticketing lane...

im even also line up at the gold class/eon-gsc line to collect my internet purchase ticket. haha...

the last time i called it's 12 times a year
but it's not written black and white on the website

The new MBB Amex cc looks interesting due to the 5x reward points and “free for life” feature. The requirement for redemption of RM50 hypermarket voucher is good, which is only 10,000 points compared with others @ >12,000 points. The reward points earned from MBB Amex cc are evergreen, right? While Amex is commonly accepted in petrol stations, Petronas so far still doesn’t recognise Amex. If Petronas accepts Amex, it will kill MBB Petronas cc!

That’s absolutely right. Since so many other CCs are also free for life and offer cash rebate, DA seems lag behind recently. DA needs to seriously think about ways to improve their CS, increase the % of cash rebate and waive the courier fee in order to retain existing customers.

Talking about courier charges, I came across somewhere that SCB Just1 also imposes courier fee for delivery of redeemed gifts. I couldn't locate the source now. Perhaps existing SCB cc customers can enlighten me.

This post has been edited by winner: Jun 20 2009, 09:27 AM

It is only for hospital, insurance and education transactions. Eventhough it only applies to these 3 categories, it does kind of shows that DA is concern and assisting the card holder.

Actually DA is like the leader in giving benefits to card holders like free for life AF and the 1st to give 2% rebate on petrol at all stations. I am sure that DA will restudy their "offers" with time once they realize that other banks are taking their business away.

anyone wan to apply eon gsc can pm me ^^

i called it's 4 times.

eon gsc applied at the HQ... almost 1 month already, no new.

freaky slow.

You are applying by post or by fax? One question for supplementary card. Do we have to write down good relationship for supplementary card holder to get apporved? Or any people like friends, nephew will do? Or is it just for family only?

This post has been edited by Putraskyline: Jun 20 2009, 12:37 PM

@Putraskyline,
I do believe we could always make our best friends or close friends our supplementary cardholder; it doesn't necessarily need to be just relatives.

@winner,
Yes Amex MR points are, at the moment evergreen.

Guys,

How long usually it will take for bank to "unhold" our RM 200 credit for petrol purchases?

Used my DA card to purchase RM 50 worth of petrol last Thursday, checked and they "hold" RM 200. They updated the online statement today, and they updated the RM 50 petrol purchase, but they haven't unhold the RM 200, which means they charged me RM 250 for the petrol purchase.