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Credit Card Thread V7, Everything about the world of plastic
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ronnie
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 Jul 30 2009, 04:56 PM
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Simplified equation
Total Annual Income (X)
----------------------------- = Exposure Ratio
Total Credit Limit (Y)
Exposure Ratio < 0.3 means Over-exposed (Bad)
Example
You earn RM150,000 a year and your total credit limit = RM100,000
150000/100000 = 1.5 (Well under exposed)
You earn RM36,000 a year and your total credit limit = RM150,000
36000/150000 = 0.24 (Over exposed)
This post has been edited by ronnie: Jul 30 2009, 05:04 PM
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GHz
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Jul 30 2009, 05:12 PM
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QUOTE(tgeoklin @ Jul 30 2009, 04:32 PM) Well, put it this way, if say existing card is RM1K CL, even with a 100% increase, its insignificant, thus as your exposure level increases then the restrictions starts setting in  you're right but my existing card CL is 20 times higher than that. |
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cute_boboi
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Jul 30 2009, 05:15 PM
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QUOTE(ronnie @ Jul 30 2009, 04:56 PM) Simplified equation Total Annual Income (X) ----------------------------- = Exposure Ratio Total Credit Limit (Y) Exposure Ratio < 0.3 means Over-exposed (Bad) Example You earn RM150,000 a year and your total credit limit = RM100,000 150000/100000 = 1.5 (Well under exposed) You earn RM36,000 a year and your total credit limit = RM150,000 36000/150000 = 0.24 (Over exposed) My number is 1.07 for all the different banks CC + combined CL. HSBC, Citibank, DA & MBB only. |
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GHz
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Jul 30 2009, 05:20 PM
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QUOTE(cute_boboi @ Jul 30 2009, 05:15 PM) My number is 1.07 for all the different banks CC + combined CL. HSBC, Citibank, DA & MBB only. You need to include any other loan you may have as well. |
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tgeoklin
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Jul 30 2009, 05:39 PM
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QUOTE(GHz @ Jul 30 2009, 05:12 PM) you're right but my existing card CL is 20 times higher than that. Don't take it critically as its not meant to say your CL is low etc. But just for information sharing, in the banking circle, there are 3 Tiers just only for Plat cards in general ie. Tier 3 are those sub RM100K CL, Tier 2 at RM100 to RM200K CL and Tier 1 which is from RM200K to RM300K max. So in the scheme of things that are, you can be considered in the lowest risks category, which means a higher/flexible exposure range  Do also keep in mind that different banks have different appetite for risks, so while it may be a no go at one bank, does not mean that another will also be the same. Banks like CIMB are amongst the more adventurous while PBB is considered very conservative. This post has been edited by tgeoklin: Jul 30 2009, 06:00 PM |
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cute_boboi
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Jul 30 2009, 05:42 PM
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QUOTE(GHz @ Jul 30 2009, 05:20 PM) You need to include any other loan you may have as well. Ok, include house loan full amount = 0.32  Car already settled. No other loans. |
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tgeoklin
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 Jul 30 2009, 05:54 PM
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QUOTE(cute_boboi @ Jul 30 2009, 05:42 PM) Ok, include house loan full amount = 0.32 Car already settled. No other loans. So taking your case as an example, if you are to say buy another property, you may have problem getting a loan at good terms or higher financing margins etc. Can try and see and brief us accordingly |
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MilesAndMore
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Jul 30 2009, 06:21 PM
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Look at all my stars!!
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QUOTE(tgeoklin @ Jul 30 2009, 05:39 PM) Do also keep in mind that different banks have different appetite for risks, so while it may be a no go at one bank, does not mean that another will also be the same. Banks like CIMB are amongst the more adventurous while PBB is considered very conservative. Agreed. Public Bank is as conservative as HSBC, if not more. |
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cute_boboi
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Jul 30 2009, 06:45 PM
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QUOTE(tgeoklin @ Jul 30 2009, 05:54 PM) So taking your case as an example, if you are to say buy another property, you may have problem getting a loan at good terms or higher financing margins etc. Can try and see and brief us accordingly No immediate plans for 2nd prop yet. But recently applied for separate margin financing to test and it is approved. Is that counted ? Then the number will drop from 0.32 to 0.23 Anyway, I did not sign it up. Just try only.  |
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GHz
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Jul 30 2009, 06:54 PM
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QUOTE(tgeoklin @ Jul 30 2009, 05:39 PM) Don't take it critically as its not meant to say your CL is low etc. But just for information sharing, in the banking circle, there are 3 Tiers just only for Plat cards in general ie. Tier 3 are those sub RM100K CL, Tier 2 at RM100 to RM200K CL and Tier 1 which is from RM200K to RM300K max. So in the scheme of things that are, you can be considered in the lowest risks category, which means a higher/flexible exposure range Do also keep in mind that different banks have different appetite for risks, so while it may be a no go at one bank, does not mean that another will also be the same. Banks like CIMB are amongst the more adventurous while PBB is considered very conservative. Thanks for the information |
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tgeoklin
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Jul 30 2009, 06:57 PM
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QUOTE(cute_boboi @ Jul 30 2009, 06:45 PM) No immediate plans for 2nd prop yet. But recently applied for separate margin financing to test and it is approved. Is that counted ? Then the number will drop from 0.32 to 0.23 Anyway, I did not sign it up. Just try only. Margin financing as in shares, right? That's 100% secured so do not count normally 
Added on July 30, 2009, 6:58 pmQUOTE(GHz @ Jul 30 2009, 06:54 PM) Thanks for the information You are most welcome. This post has been edited by tgeoklin: Jul 30 2009, 06:58 PM |
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talfred
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Jul 30 2009, 07:12 PM
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Getting Started
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hi all!
My justone card was approved last Wednesday and I still havent received it until now! Wondering if this is normal?
Called the CS several times and all of them are poorly trained (well compared to CIMB at least) they only know how to tell me keep waiting and don't even know/have tracking numbers...
Curious How long did everyone else took to receive their justone?
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wodenus
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Jul 30 2009, 08:03 PM
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QUOTE(ronnie @ Jul 30 2009, 04:56 PM) Simplified equation Total Annual Income (X) ----------------------------- = Exposure Ratio Total Credit Limit (Y) Exposure Ratio < 0.3 means Over-exposed (Bad) Example You earn RM150,000 a year and your total credit limit = RM100,000 150000/100000 = 1.5 (Well under exposed) You earn RM36,000 a year and your total credit limit = RM150,000 36000/150000 = 0.24 (Over exposed) (deleted.) This post has been edited by wodenus: Jul 30 2009, 08:05 PM |
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Lis000
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Jul 30 2009, 08:07 PM
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Getting Started
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QUOTE(talfred @ Jul 30 2009, 07:12 PM) hi all! My justone card was approved last Wednesday and I still havent received it until now! Wondering if this is normal? Called the CS several times and all of them are poorly trained (well compared to CIMB at least) they only know how to tell me keep waiting and don't even know/have tracking numbers... Curious How long did everyone else took to receive their justone? I got mine within one week (on 27/07/09) from the sent date of the approval SMS (22/07/09). 2 days later (yesterday), they sent the cheque book. |
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alexwsk
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Jul 30 2009, 09:09 PM
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QUOTE(Lis000 @ Jul 30 2009, 08:07 PM) I got mine within one week (on 27/07/09) from the sent date of the approval SMS (22/07/09). 2 days later (yesterday), they sent the cheque book. i think i received the cheque book 1st |
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tinkerbel
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Jul 30 2009, 09:21 PM
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Fanaddict!
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@ronnie, AhHh that equation is so much easier to understand. Well, it doesn't look *so* bad on mine .. and with this calculation I'm still NOT over exposed... it's about 0.4 so I'm *almost* there but not there yet! |
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vin_ann
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Jul 30 2009, 09:51 PM
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QUOTE(tgeoklin @ Jul 30 2009, 07:17 AM) Actually its pretty simple. As a rule of thumb, take your total gross annual income, divided by 3 and if that amount is less than 10% of your total Credit Exposure ie. not O/S only, then chances are you are screwed 
Added on July 30, 2009, 7:21 amWelcome to the Club and good to know its not such a lonely world out there * to everyone out there, its not really a good thing to have high high CLs unless you absolutely need it, otherwise later want to buy house. car etc will have trouble getting financing  omg omg... hmmm need to let go some of my CC already... |
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GHz
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Jul 31 2009, 08:20 AM
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QUOTE(vin_ann @ Jul 30 2009, 09:51 PM) omg omg... hmmm need to let go some of my CC already... What is your score? mine is 0.12 only.  too much exposure now if I cancel all my CC, it only raise to 0.16 this is just from my house & car loan Maybe I try to apply for another CC to see what going to happen. This post has been edited by GHz: Jul 31 2009, 08:25 AM |
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Aeon_Clock
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Jul 31 2009, 09:54 AM
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wow, this is becoming a very confusing thread. What is this exposure you guys are talking about? Can anyone explain in brief? Mine's wayyy below exposure |
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air
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Jul 31 2009, 03:05 PM
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Mine? super-duper under exposed: 2.9... no wonder can apply cash loan so easily...
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