Do only spend within your means!

oh..i see..is there any difference issue by MBB or amex itself?

@Lineage,
Amex cards are now issued by MBB so shouldn't be much difference; those Amex, Amex cards are basically the ones without the Maybankard logo on it And the only difference I can tell is the reward points system.

oh..i see..thanks for your info..have a nice day..going to work soon..

SCB JustOne, 2% on normal day, 5% every Friday, rebates up to max of RM600/yr
for petronas, esso & mobil, can us at the pump, for the rest need to go to the counter and swipe

the only bad point is at most of the place, need to teach the cashier to press Enter or Select to select the Cr feature

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Added on July 6, 2009, 12:11 pmwalau, so late only go to work

This post has been edited by alexwsk: Jul 6 2009, 12:11 PM

I have a method and it works!

I put a small sticker with a note "choose CR" on the card. Transactions went through smoothly without saying anything to the cashiers.

i think it's easy to default towards the notion that "low income earners are not encouraged to carry credit cards"... saying so, does not allow us insight to the root cause(financial discipline) as opposed to merely brushing the symptoms(low income)..

having a low income doesn't automatically associate it to reckless spending impulses (on the contrary, i suspected that high income earner tends to display more frequent inability to control their spending)

a "purpose" is something good to start with.. what fylon stated is his purpose of having a credit card, which i think are both pragmatic and prudent..


here's a thought for all of you..

other commercial providers are keenly eying this electronic money.. credit card has its history in this area(electronic money, in the form of unsecured credit) in great precedence..

however, other modes of electronic money are not relenting.. providers such as octopus(hk), m-money, etc.. they're emerging towards the lower value, but potentially mass volume business.. when the ability to pay for any daily mundane stuff from parking, toll, transport rides, tickets, food, postage, utilities, etc... the utility-reach of such facility is tremendous.

will this be a potential threat to credit cards? (which may be rendered to some occasional high value purchase.. that remains "occasional"?). what do you guys think?

this is relevant as the credit card providers are doing something about it.. via near-contact payment system (e.g visa wave) but the setup can be costly to the merchant.. so you don't see them readily available everywhere yet.

This post has been edited by lwb: Jul 6 2009, 12:51 PM

UOB one cards only gives you rebate at BHP petrol if not mistaken. Yes, you can consider MBB Petronas card.

Like I mentioned, you can consider Direct Access or Standard Chatered Bank Just One where they give rebate for ALL petrol stations.

Another option is Public Bank Day2Day Debit card where they have 1% rebate for groceries and petrol.

yah, somebank allows you to pledge you FD for CC limit even if you do not qualify for minimum income. Can't really remeber but I think HLB smartlink account allow you to do so

Bro i think at current stage, SCB Just1 card Cash Rebates are only available @ Petronas, Esso and Mobil. In addition, they are working with other petro operators to offer more benefits. I received the broacher says that oh.

I've seen plenty of these in this thread but I do not see it on the website itself.

http://www.directaccess.com.my/index.php?c...ard&ac=9&tpt=da

SCB Just1 gives rebates to all retail transactions. For petrol purchase at Shell, you need swipe the cc at the counter and ask the cashier to select Cr function. I've tried this and the rebate is reflected in my online statement.

oh then that's great for all the card-holders.

Not Public Bank. And Public Bank still have the lowest NPL in the country now No. I do not work for Public Bank nor am i a shareholder


Yes. It is possible. Have heard people doing so with Public Bank and recently AMBank. And now Maybank (heard from you )



Regular AMEX will give you 2 MR points for every Ringgit swiped. The recently launched AMEX Gold Credit Card will give you 5 MR Points for every Ringgit swiped. Very generous.


Standard Chartered Titanium credit card.


Agreed. Just a matter of time i guess. Just like in Singapore and United States, Classic and Gold Card are almost obsolete. Co-branded cards and Platinum cards are the norm. And the good thing about the co-branded cards offered by banks in the United States is that most of them are annual fee free and the credit line is comparable to Platinum credit card.


Agreed. Believe in a few years time we will see more co-branded credit cards (EON Bank have many types of co-branded credit cards) and Platinum credit card will become the entry level for fresh applicant. We might also see more banks introduce VISA Signature, VISA Infinite, World Mastercard and World Mastercard Elite.

This post has been edited by MilesAndMore: Jul 6 2009, 02:49 PM

MileAndMore,

Quote: "VISA Signature, VISA Infinite, World Mastercard and World Mastercard Elite"

When will these cards will hit our shore? Entry req?

Just to clarify:

5x Membership Rewards points for every Ringgit spent on groceries, petrol, bookstores - Kinokuniya, Borders, Times and MPH - and telco charges via Express Autopay - Celcom, Digi, Maxis and Telekom.

2x Membership Rewards points for all spend elsewhere.

Chilli Sauce

Hello,
I own a Maybank Petronas Visa, and now I want to apply one more Mastercard.
Which bank are you recommend?
Thank you.

I wonder

If I dont pay my outstanding balance in full but I keep paying the minimum monthly payment, do you think it will affect my loans prospect in the future ?

IMHO, SCB JustOne Titanium Mastercard.

Those are high level card, I can't affort it
Anyway, thanks for your reply and any suggestion?
By the way, what is IMHO?
Thank you.

Better to pay all outstanding balance before you apply for other loans so that you have a clean record. Otherwise they might use the owing as a rejection. Besides paying minimum per month will incure miscelenous charges, finance charges, other charges until KEPALA PENING case.

If you have bad debts in any account for example cheque tendang case or too many cards outstanding balance, the inter banks also can check your status one. My friend kena like this la, he finally obtain a personal loan from another bank to settlle some of the debt. He now still got 20k plus to deal with.

I always settle my outstanding within 20 days allowed timeframe so that I don't kena interest. This is just my view and not suitable for everyone else.


This post has been edited by zazaza2009: Jul 6 2009, 04:06 PM