urm what do u think i just keep the card and dun activate it first.. until the bank renew the promotion den i only activate it. is it okie? and must i activate it by phone with the pin? yea i got another question. why rhb bank send me 2 pin? i only receive travel card. but i receive both pin for tesco and travel.. confusing. or maybe the tesco card is with the poslaju???

One thing about these 2 cards.
- Citibank Shell VISA rebates are only applicable if you have carry forward balance in your account. (Means you have active cc debt with Citibank)
- SCB Justone, SCB no longer accept new application for this card. (Lots of thories to this. Either issues with the dual function or people are just dumping the card on the rebate limiThe good thing about this card is that you can get rebate for just about everything (capped up to RM600 per annum) and not limited to fuel purchase. Min rebate is 2% and you'll get a 5% rebate on Fridays.

Hi all, for MBB credit card owner do you return signed copy of acknowledgment form back to MBB after you received your new card?

Can we use the card if we do not return? Will there be any problem?

Thanks.

Usually I pick the card from branch.

I believe that I did sign some forms during the pick up.

Thanks David

For those who got your MBB Cards via post, do you return the acknowledgement form?

Nopes, didn't bother. And there was no problem using the cards ( MBB Gold Amex & Sony Visa ). So I guess it's not entirely necessary.

Hi. I'm new to this credit card world. I just applied for CIMB mastercard. But the CIMB petronas mastercard seems to have more benefit (rebate on petrol), although I seldom go to petronas. So, my question is, what are the different between this 2, is there any advantage that CIMB mastercard has but CIMB petronas mastercard don't have?
Thank you

CIMB Islamic Petronas Master card finally show on CIMB webpage
http://cb.cimbislamic.com/index.php?ch=ci_...pt=cimb_islamic

But minimum RM18K pa are eligible to apply, quite low the requirement


This post has been edited by bingozero: Sep 9 2009, 09:05 AM

i received my tesco card today.. rhb website down i need to check the details.. T_T

Hi peeps.

I have some questions about credit card thingy and would appreciate if someone could answer them.

Ok. The question is that if I have a big sum of amount owed, say RM10, 000. I have failed to pay the full amount for almost a year already, but then I've paid the minimum amount all the while.

And the bank now has canceled my credit card because I have failed to pay the minimum amount of money. Now I am forced to pay a debt of RM12, 000 including 18% interest.

The problem is that I can't pay off the RM12, 000 due to other commitments such as car loans, house loans, shop rents and etc. I can only pay around RM500 a month which in return about RM200 is the interest.

Any advise or suggestions on how to clear off my debt? Can I ask the bank to drop off my interest and pay the total amount that I have used only?

Do you mean that you failed to pay even the minimum then the bank asked you to pay the RM12,000?

viqq,

Option 1:
Call up the officer, tell him frankly you want to meet up to settle it.
1) Cancel and terminate the CC. Transfer the balance to a personal loan. It is lower interest than CC.
2) Pay monthly installment to settle the personal loan. No minimum payment, is a fixed monthly payment like paying car loan. Hope you do not default on this.

Option 2:
Find AKPK

This definitely a good lesson for everyone to learn from.... don't pay the minimum monthly only.
You can discuss with the bank to reduce the interest...but definitely not drop-off the interest. Banks are not charities.

Good luck... don't go borrow from Ah Long

RM12,000 including penalty fees etc.

The card has been terminated and I'm turning it in to a personal loan as you said, but then I'm required to write a proposal letter. Minimum payment is already difficult for me. I think base on my commitment and such, probably I only have RM500 extra to pay out the debt each month.

What's AKPK? Is it better to find them rather than turning it to a personal loan? Which is better? Can explain more? Thanks.

Yes you are right. Minimum payment do no good, only increase more debts and as when you use more, it goes into a big amount. I've asked them to reduce the interest rate and they also suggest me to turn it into a personal loan or something like that. If not mistaken they are called debt consolidation loan?

I won't borrow from Ah Long la. But I have some friends are ah long lar. Maybe they can give me 0% interest loan. LOL.

viqq,

Google for AKPK. It is something similiar like turning into personal loan, but worse effect as they will highlight to all banks/etc to blacklist you until you settled the loan. But useful if you have discipline issue to commit monthly payment without fail.

Suggest to negotiate (write proposal letter) with the officer to lengthen the personal loan installment and reduce the monthly payment. Tell them frankly you can't afford and worse case is lapse payment or bankruptcy. The bank may consider it. But you yourself must commit to pay e.g. RM500 every month without fail. This is your last chance, unless you plan to run away or file for bankruptcy.

This post has been edited by cute_boboi: Sep 9 2009, 05:01 PM

@viqq
Mind telling us your expenses breakdown? Maybe we can help you on other areas to trim down.

@viqq

I do respect you for being able to come up here and ask for help from the regular folks here. Unfortunately it is a bitter pill to swallow but I hope visitors coming and reading this thread would be able to learn something from your unfortunate situation.

I can't begin to say how many times have I gotten upset by those who ask about Cash Advance, buying things on cc debt / EZ installments without a clear idea on the impact of that decision. I'm not saying those facilities are all evil (Myself have done it before and I do have active EZ installments on my card) but they need to be thought through.

Abuse of the facility will only lead to serious circumstances.

I wish you all the best ... like what the folks here have mentioned. Going to AKPK is not a bad idea since the banks blocked your credit facility already and asked you to write a proposal. You must make sure to come back out from this stronger. Good luck!

I think PL is an option for you. You must immediately adjust your lifestyle and cut whatever unnecessary spending. Remember, buying car is not an investment. You may consider to sell your existing car and do not own a car for the next 6 months, or buy a cheaper and low maintenance car instead. As such, the amount saved from the car loan installment can be used to pay part of your debt.

In addition, you may discuss the topic in another thread - Personal Financial Management, and you'll get lots of idea there. Good luck!

I heard that Shell Citibank Visa has changed a bit their policy. You will earn more rebate (5%) if you carry balance forward but if I'm not mistaken without carry balance you still be able to get 2% rebate. For those who have Maybank Islamic Ikhwan Visa you will also enjoy the same benefit as the Petronas Ikhwan Visa. info from MBB

just got home.. i received another card. ambank realrewards card. anyone holding this card? why in d web and in d brochure state the information different..? in d brochure stated free for life. in d web Fees & Charges • RM90 for Principal Card.. may i know what is this RM90 charges for?? may i know what is the benefit for this card? very limited information in d website.