QUOTE(WaCKy-Angel @ Jul 8 2009, 11:51 AM)
Not true..
MBB Amex is still considered charge card, and it does not belongs to the Visa/Mastercard that is so-called as "credit card".
MBB Amex cant be used on machines that does not have Amex acceptance
Sorry, dig back a bit. If refer to this MBB Amex:
Maybankard American Express GoldAt the bottom of that page:
Read our credit card agreement (PDF)It is stated clearly MBB Visa, MBB Mastercard and MBB Amex are referred as Credit Card.
It is not mentioned MBB Amex is a Charge Card category.
On the other side, it is not mentioned about the above agreement for Charge Card, e.g.
American Express Gold Card
Added on July 8, 2009, 12:19 pmQUOTE(tinkerbel @ Jul 8 2009, 12:08 PM)
@cute_boboi,
Er.. because MBB Amex belongs to MBB whilst Amex Amex that uses MR is really via Amex.
Yes, that's my understanding from reading this thread, Charge Card thread and also my own research on MBB Amex and Amex's Amex.
Added on July 8, 2009, 12:20 pmQUOTE(b00n @ Jul 8 2009, 12:05 PM)
» Click to show Spoiler - click again to hide... «
The term "credit card" or "charge card" is not by the merchant company.
Credit Card is known as it is because of the power to revolve while one is still with credit balances.
Charge card however is known as charge card because in the even that your didn't pay the last outstanding amount, you wouldn't be able to use it.
http://www.investopedia.com/terms/c/chargecard.asp?viewed=1Good info.
Added on July 8, 2009, 12:23 pmQUOTE(WaCKy-Angel @ Jul 8 2009, 12:13 PM)
Becoz for Malaysia, MBB Amex is just part of a "brand", cardholder are actually dealing with Maybank directly for everything including transcation and payment and American Express is just a back-end guy that receive some interest/benefit from Maybank.
If u have a American Express card, u are dealing directly with American Express and Maybank wont get a cent.
Get wat i mean?
This means:
1) MBB Amex can only offer Amex Credit Card
2) Amex's Amex can offer both Amex Charge Card and Amex Credit Card
Right ?
This post has been edited by cute_boboi: Jul 8 2009, 12:23 PM