recently i called direct access customer service line to request of resend my cc statement....

at the end of the conversation, she asked if there are any other things that she can help....

hmm...nothing to ask but just wanna know my current interest rate...

then i asked her about tiered interest rate for both of my cards... i have both visa & master with them with share credit limit...

i rarely used visa....only recently i used it since got rebate at giant... but master i always use to pump petrol la....

she said my master is 13.5%p.a while visa 17.5%p.a....i question her why different % since i activated both the cards at the same time & always pay on time.....

she said by their review, i frequently used master only...so, only master entitle to 13.5%p.a....hmm...

although no concern to me as i pay in full every statement due date, but i curious why its different ? so is that mean interest rate for an unused active card will stay at 17.5%p.a eventhough it has been active more than 12 months (which means no late payment within the last 12 months)...

as far as i know, i guess no payment in 12 months is a subset of no late payment for 12 month... huhu...so by right the card should be 13.5%p.a of interest rate as well

Ya, I also get weird on this T&C, but according to the CIMB Petronas application form, it shows that it can apply for i.Pay Plan
http://www.cimbbank.com.my/pdf/Bonus%20Poi...TRONAS%29_2.pdf

Any idea what is the maximum credit limit for card issuer like Citibank or DA?

Very high ... you can buy yourself a house or a Toyota Camry with still some room to spare. Why are you asking this question ?
These high CL need to be justified and you need the financial capacity to support these CLs ... you can't just walk/call to the bank and ask for these super CLs.

Want to ask...

American express Gold card...It is applicable to apply the Longiness watch? Thanks

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

This post has been edited by arsenal: Aug 10 2009, 10:07 AM

erm, i dont know if this is a downgrade for platinum or not, but for direct access credit if you happen to be a member of the institute of engineers, the requirement is just 2k per month...

click here for the page then click IEM. it will only show platinum available and gold is out. my card just recently about to expire and the CS also called and said i automatically will change to the plat even though all along i was using the gold only. now we will never know whether those IEM are having 2k or 10krm monthly...

yeah... i know, it sounds cheap

This post has been edited by mouldybread: Aug 10 2009, 11:53 AM

Each Platinum credit card from each bank can have a maximum credit line of RM300,000. Let say Citibank gives you a VISA Platinum and a Platinum Mastercard, each with a separate credit line of the maximum RM300,000, then you will have a total credit line of RM600,000 from Citibank for your VISA Platinum/Platinum Mastercard.


Yes.

i feel that for car or housing loans we should take the monthly repayment as the equivalent of credit cards minimum payment 5% to get a better picture of whether we are over exposed or not. for example, a housing loan of 100k and paying 600rm per month should be taken as 600/0.05 or 600*20 = 12000 instead of 100k.

previous formula for total credit limit Y = (total credit cards limit) + (total house and car loan amount)

new proposed formula for total credit limit Y = (total credit cards limit) + (total monthly payment for house and car *20)

thus buying a house will not make your ratio change so drastically as to make you seem very easily over exposed, especially if you are renting it out.

edit, i propose this formula because my ratio is very low when i included my housing loans which seem a bit unrealistic...

2 cents

This post has been edited by mouldybread: Aug 10 2009, 12:22 PM

Thank god! I got it done immediately.
Thanks for the info mate!

guys I have a question here,I just receive my airasia card from citibank.

I saw the welcome kit there written with " swipe 3 times within 45 days to waive annual fee."

but base on their website,it shows free annual fee for the first year..any one getting charged for the first year annual fee so far?

Let me know that you are succesfully convert to I.Pay.Plan

Want to ask..the american expiress longiness one is on 1st day of every month right?

Thanks

I know, in fact my current LOC can do that. But just curious how high is HIGH?

This post has been edited by erkawei: Aug 10 2009, 07:06 PM

i just applied my MBB petronas card.
i want to know usually how long will they take time to approve?

and how long will MBB takes time to approve for intallment plans?

thnx~!

What installament plan? It's always depending on the merchant whether it offers such facility. Usually based on partnership relationship and the merchant offers it, it'll be approved on the transaction itself. The merchant has a terminal with MBB and there's an option to convert the purchase into installament plan.

owh. actually i went to senheng and they told me if i want to make an installment plan, usually the MBB approved by the 3rd to 5th days. is that true?

and how can i know the credit limit of the cc? for example i want to buy an lcd tv priced of RM5k++, and my credit limit let's say around RM3k, will they approved it?

htnX~!

This might not be possible. Since you do not have sufficient credit line.

Bro MilesAndMore just answered it earlier. Highest possible CL you can have on a single card is RM300k. (For some banks, it is RM200K) I don't know if in actuality there's anyone holding a CL higher than that. (or needs to)

yea, agreed with u.

Erh, normally in the Malaysian context, most probably no but if you are a frequent traveller, then even RM300K can be a paltry limit, thus the need for a charge card