Last year, during November, HSBC gives an extra bonus of point worth 134k to me, and I didn't know why and i didn't question also, i thought they make a mistake, the next month the point remains in the statement, i quickly redeem it. Come to think of it, maybe its my birthday month.

The consumer has none to blame but themselves for not knowing the Terms and Conditions. Hopefully more do nowadays if they have been reading this thread.

Yeah .. hehe .. thanks !

Thank vin_ann,I gonna go pump my last cheap of v-power also on 31st August xD

todau just collected my MBB CC and just now got the AIG ppl calling and offering the insurance!

how come RON95 increased price from 1.62 to 1.75 ?

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Added on August 28, 2009, 7:54 pmyes my justone card has been retained by the atm 3 times ..... whether it is to check the current account or change the pin number etc and they did tell me that management told them to advise customer to close the current account for justone because of this issue so it means I am not the only one experiencing the issue

This post has been edited by DarReNz: Aug 28 2009, 07:54 PM

The price of RON92 petrol is currently RM1.70 and will be replaced by RON95 petrol priced at RM1.75 on 1 September. I've noticed that practically no stations which used to sell both RON92 and RON97 has stopped selling RON92 since mid-August while only a very small number of stations are selling RON95.

Not that i know what is RON92 or RON95 but certain SHELL stations i frequent have 2 choices of unleaded petrols now. One with the green handle and another one with yellow handle. The red one's gone.

An update on admin fee and foreign currency conversion, for transactions made in S'pore recently. I used my Alliance Plat Visa to pay hotel bill, and Citi Plat Visa for payment in a shopping mall. While my colleague used HLB Plat MC to settle hotel bill. All transactions were done within the same day. The results are as follows:

ALLIANCE VISA - SGD1 = RM2.4769
CITIBANK VISA - SGD1 = RM2.4887
HLB MC - SGD1 = RM2.4879

Using Alliance as a base, the above conversion rates for Citi and HLB represent a higher admin fee of around 0.44%-0.48%. It is not so bad as compared with SCB and HSBC for my previous analysis made 3-4 weeks ago.

I called Alliance a few days ago and was told there are NO overseas administrative charges for their card.

IMO, the biggest possible cause for those variation you posted is currency fluctuation that can change by the minutes.

Did you check what was the bank normal TT or bank draft rate for that day? Are they higher or lower? You can check what was the official Bank Negara indicative rate for the day you used the cards.

http://www.bnm.gov.my/index.php?ch=12&pg=629

This post has been edited by Optiplex330: Aug 29 2009, 08:58 AM

1. The hotel bills were paid on the same day and same time. So there won't be difference in time.
2. Although you know the TT rate by BNM, it won't help. It's because banks WILL NOT reveal the details of conversion.
3. FYI, I wrote to SCB previously to inquire about the high conversion rate they charged as opposed to other banks. They replied without giving a proper answer and refused to show the breakdown of conversion rate, admin fee by SCB and charges by MC.

Can you please give me the date? From my previous experience, I found in majority of the cases, the MC credit card conversion rate is better than the bank Telex Transfer, Bank Draft and BN posted rate. And it is even better than those online quotation rate on some website or those displayed on Vista Widget.

From what I understand, for overseas transaction, it is MC or VISA doing the conversion and then pass the bill to your bank. And the bank will then add an extra 1 or 2% as administrative charge.

MC or VISA will only use the conversion rate of THE DAY THEY POSTING instead of THE DAY OF TRANSACTION. So there will be differences again. For example, you paid the hotel bill at the same time using 2 different card, Card A & B on 28-Aug.

Card A & B Day of Transaction: 28-Aug
Card A Day of Posting: 28-Aug
Card B Day of Posting: 31-Aug

My 2 sen.

winner thx again for the comparison

as wat i knew , all cc stated the conversion rate is determine by visa / master then the issuer bank only add in their charges ... however my fren said he always use citibank compare to hsbc because the rate are lower .... thts y im asking how is this calculated

based on my fren's n winner's comparison i guess using citibank gif the lowest conversion rate as i dun own alliance nor hlb cards ... hsbc always charge higher ... might consider scb since their 2% rebate might write-off the extra charges

Here's a few example. DA MC. GBP

Date 23-Sep-08. MC conversion rate 6.249. BN rate 6.3054
Date 30-Sep-08. MC conversion rate 6.359. BN rate 6.225
Date 28-Oct-08. MC conversion rate 5.56. BN rate 5.5856
Date 17-Oct-08. MC rate 6.102. BN rate 6.1108
Date 27-Oct-08. MC rate 5.621. BN rate 5.6031
Date 30-Nov-08. MC rate 5.56. BN rate 5.5684
Date 3-Dec-08. MC rate 5.42. BN rate 5.5423
Date 12-Dec-08. MC rate 5.38. BN rate 5.3594
After DA started charging 1% administrative fee, I stop using it.

From my queries, bank will always add at least 100 base point on top of BN rate. For example, if BN rate is 6.3054, bank will quote me at least 6.3154 or higher.

So my conclusion is, using CC is often (not always) cheaper than using bank draft. The ONLY problem is, you don't know which day will they do the posting.

This post has been edited by Optiplex330: Aug 29 2009, 10:26 AM

This is true especially for Alliance Bank. However if buying RM30K and above, banks do give better rates. I did comparison recently and the lowest rate I got for USD is at EON Bank. The best rate is at money changer.

Using CC also have its benefits as we get rewards points whereas bank draft or TT we get nothing extra.

ALL the 3 transactions have the same transaction date (25/8/09) and posting date (27/8/09).

Besides that, I went to a money changer to change RM => SGD on 24/8/09. The rate was SGD1 = RM2.475.

SCB doesn't have a good rate, refering to one of my previous posts below. Alliance has been known giving the BEST rate for overseas transactions.
http://forum.lowyat.net/topic/1069190/+1680

V-power is blue 1 right?


btw, im just notice, just now login to Maybank2u and pay my bills, i notice M2U now can use credit card to pay bills instead of from saving account.

Too bad, only for credit card Visa ( i dun have MBB Master card - so cant tell) can choice from.

now, got more reason to use M2U and credit card to pay bill online... more points!!!

Too bad again, no AMEX...

Mastercard also can

I don't know. Because i do not pump at ESSO/Mobil


It's been a while since M2U accept bill payment using either Maybank credit card or credit card(s) issued by other local banks (foreign banks such as SCB, Citi, HSBC, UOB & OCBC all included). I've been helping my mom to pay Jabatan Air Sabah bill since June 2008 and Sabah Electricity (SESB) bill since March this year.

By the way, you can only add up to 4 different credit cards into your M2U account. It will need to be verified by Maybank first before you can start using it to pay for bills that do accept credit card via M2U.


For TM you can only use VISA.

no..

i was meaning using M2U and pay bills (other bank credit card bills) but bill like TNB, Telekom...

last time, M2U did not offer pay bills using credit card. now they have this features.

u can opt to pay bills via ur saving account or credit card (MBB's CC)


anyways, btw Any 1 got visited the CIMB Perfect Living??

no 1 mentioned about CIMB perfect living while MBB Treatfair every 1 is mentioned about it.

CIMB really got nothing tht special compared to MBB?

hi..juz wanna ask..

can i pay MBF-AmBank Line of Credit (LOC) Credit card through cimbclicks??
i mean pay by cimbclicks to MBF card sdn bhd?