No other catch to it except the Interbank charges. Just one note ... take care of the date you pay your credit card via Interbank. If you post the transaction on the same day before 12pm, it will clear on the same day. If you post it after 12pm then the money is only going to your cc account 2 days later.

Just to mention coz we don't want you to pay late charges unnecessarily.

Back then DA have a seperate product for Diploma holders. I couldn't remember what's the name of the cc product nor whether it is still available now.

Standard answer from the banks. At least the lady entertained you as normally they will just brush you away with the "Management decision to decline your application and the answer is P&C". Different banks got different policy for reapplication period - no need to get so rejected just because 1 bank decline you. I suggest you to apply other banks, maintain good customer standing and after 1 year you can use your card as reference to apply for other banks.

It takes years to build a good credit history with banks .... not overnight unless you got plenty of cash to lock into FD.

FYI, it took me about 3 years before SCB finally accepted my as their cc customer. Used the card for a while, cancel it and then reapply after some time later. So if you got declined for your 1st card, it is not the end of the world. Alliance bank is just one of the 9 anchor banks in Malaysia not to mention HSBC, Citibank and OCBC as the foreign contender in the cc market. (You have 11 alternatives not inclusive of BSN, Bank Rakyat and Bank Islam's cc offerings)

Walk away if a bank decline you and apply somewhere else. It is that simple, you shouldn't have problems if you don't have bad debts somewhere.

No need to call CS to activate the card. The card is ready for use immediately. That's why they are so particular about delivering the card to you ... can''t redirect the letter and only cardholder can pickup mail. (Yeah ... although blocking the card prior to cardholder call in 1st would be a good idea)

My rant about HSBC's Premier Mastercard is the card design itself - HSBC put in a lot of effort to design its entire range of cc but the Premier's design is just plain lazy and too simple to reflect its status. Not to mention that in Malaysia, HSBC's Premier MC is of equivalent to its Platinum sister ... sigh. You also need to surrender your Premier MC should you exit from your Premier status.

I'm surprised about the Time Deposit pledge system as this is new to me. What is the minimum lock-in period ... should be nothing less than 12 months I guess. And what happens if you decide to exit before maturity ? Would the bank allows it ?

Oh yes ... UOB is very stingy when it comes to credit line. The card design is nice though .... perhaps one of the best in the Platinum offerings in Malaysia.

What are you talking about ? Please elaborate further and provide some proof of where you got your information from. Your statement can cause unnecessary panic to HSBC customers.

If I'm not mistaken the points earned from both cards can be combined. You have to call in to CS for the redemption.

Wow! Like that existing JustOne cc should thank their lucky stars for getting this card already. If the application suspension is true then this reflect the card's popularity. Could be SCB had some sort of quota for the rebate and now almost all used already.

Interesting to watch whether SCB continue to support this product next year or change the T&C. If SCB change the T&C, I'm sure there will be a lot of defections/cancellations happening.

---

Added on August 3, 2009, 11:47 amThe quick answer is No. No banks in Malaysia will approve anyone below 21 for a principal credit card and this rule is set by BNM. Honestly, 4 more months is not too long too wait. Just be patient for a little while longer.

This post has been edited by hye: Aug 3 2009, 11:49 AM

1000 cards is just for the cash incentive. I think they hit way more than 1000 cards to trigger this card application suspension.

Card is popular that's all. No technical issues except that you need to tel the cashier to press/select the Credit function. Normally any other card will auto default to either credit or debit mode. This is the first product that has both so if the cashier insert the card into the machine, a menu will ask either credit or debit.

Y ... you asked coz you use the card and got technical issues ? If you have then share it here.

Yup ... I agree this is likely the scenario. That's why I say it will be interesting to see whether SCB will continue this product or not next year. Problem is ... if they discontinue or change the T&C, it could be a disasterous move for SCB. They are likely to lose the huge chunk of customers built under the JustOne product.

You should be able to apply for CIMB entry level card as the income requirement is RM18K per annum. Probably you need to furnish them with all the income documents including 3 months salary. What @cannavaro mentioned is right .... bank will call the emergency contacts if you decide to run away from your debt with them.

And at this stage where you probably do not have any credit history (new in the job market), highly likely the bank will call you and the emergency contact as part of the verification process. So ... don't give out some fake number coz if they can't call that number probably they will call you to give another number or worst .... just fail your cc application.

---

Added on August 6, 2009, 7:04 pmNo ... I haven't received such letter yet although I have kept the account @ zero balance. (However, my card is still new) Their CS and even the people @ SCB counter kept on telling me that the account and card goes hand-in-hand. Cancel either one and you'll lose both.

You can try and see whether the bank will actually close the account or not if you continue to ignore the letter. I personally felt that the bank could have miscalculated the fact that people will actually put money in the JustOne current account or not.

1. You can't deactivate the feature if you need to. Imagine having 100K in that account, you lose your card ... and realise it only 24 hours later. How much damage can a thief do to your bank balance?
2. Since the bank give you credit facility, do you actually need to bother about the debit facility ? No really ... coz better use the bank's money. More logical for the bank to fight on your behalf in the event of a transaction dispute.
3. Some PR damage could have occured from the beginning as the bank force the cheque book onto you. Personally, I tried to decline the cheque book but the bank said no way.
4. To be fair, had anyone kept money in that account ... the interest rates is attractive and there's even a point for every RM10 you save.

I felt that you don't have any real compelling incentive to maintain the JustOne current account.

This post has been edited by hye: Aug 6 2009, 07:07 PM

Yeah ... Saadiq Saver interest rates is so scary. I can't find where is JustOne interest rates, where did you find it ?

Thanks guys. SCB just basically remove the links to the JustOne info page.
One note however, if you noticed SCB revised the rates for SaadiqSaver and eSaver sometime in August 4th 2009. Don't you think the JustOne rates could have changed as well ? The PDF inside the JustOne page which displays the rates are the old rates. (At least they are as what I captured it to be in July 2009)

Update

The new JustOne interest rates are as per below (I believe it is updated on the 4th August 2009 as well)

JustOne <2k 0.50%
2K-50K 1.00%
50K-100K 1.50%
>100K 2.00%

This post has been edited by hye: Aug 7 2009, 10:02 AM

You can write in to the SCB branch to close your account if that need ever arise. No worries.
Same scenario as I'm thinking to close my Saadiq account but I hate to go to the Taman Tun branch nor it is possible for me to go on a weekday. The CS assured me that I can do it via mail and probably they will call me to confirm verbally once they received the letter.

Not the best or most efficient option but at least there an option.

This post has been edited by hye: Aug 7 2009, 10:09 AM

Yup ... rates lowered already but IMHO it is still the nest rates in town even if you compare with any banks (local & foreign) in Malaysia. Just call up the CS (or maybe can request cheque book via the online banking) and they will courier it to you. It should be similar as to how you obtain it in the first place. (They courier it to me, no extra charges for courier)

I think you can keep the account 0 balance coz I'm one of them. What I do to keep the account active is to use the scheduler (in the online banking) and move funds in and out automatically once a month.

You could have asked me, faster service. Where have you been lately ?

That means you got (and started using it) your JustOne after the billing cycle. That's why it is showing payment due as "next month". Don't worry, it is likely that you'll only experience it this once unless you don't use your card for a very long time.

Yup ... one of the pitfalls for the JustOne card. On certain terminals, it just can't work! Apparently the terminal must be smart enough to recognise that the card has 2 function - credit and debit. Those terminals which go can only detect the debit function of the card if I'm not mistaken.

Did the CS say how to perform the account cancellation ? Just call in and request ? What about the unused cheque book leaves ... can return and refund ?

If you have RM0 balance in your accounts for several consecutive months, normally banks (any bank, not just SCB) will move to alert customers to do something about it. Else they will close and cancel the account.

"Auto close in 2 months" means just that .... allowing the bank to auto trigger the closure of the account.