Credit Card Thread V7, Everything about the world of plastic
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 Jul 15 2009, 11:01 PM
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All Stars
10,912 posts Joined: Feb 2006 
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QUOTE(changjie83 @ Jul 15 2009, 10:59 PM) thanks. ok i wait patiently first, at the mean time i actually apply a card using my directorship. its 2nd week....i haven't receive any call yet. depends on which bank u apply.  my latest experience is with Eon bank, they took about 4 weeks then only send me request letter requesting additional document. |
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Jul 15 2009, 11:07 PM
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Junior Member
132 posts Joined: Jun 2008 From: Kota Kinabalu,Sabah  
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RHB bank.....does the bank actually do such research, take notice like i just "open" my C/A, loan just got approve recently this and that, and thinking this fella got nothing and sent me the reject letter.
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Jul 15 2009, 11:09 PM
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All Stars
10,912 posts Joined: Feb 2006
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@ Tinkerbel
then i shall use my HSBC for the coming online oversea payment to see whether got admin charges o not. btw, my hsbc is just classic... |
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Jul 15 2009, 11:27 PM
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Senior Member
2,552 posts Joined: Jan 2008
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hsbc charges a 2% admin fee on overseas transactions
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Jul 15 2009, 11:30 PM
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All Stars
10,912 posts Joined: Feb 2006
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QUOTE(zenquix @ Jul 15 2009, 11:27 PM) hsbc charges a 2% admin fee on overseas transactions is it included as 1 line transaction or separate line item for 2% admin fee?? i checked back my Feb statement, my Uk transaction was only showing 1 line item... did not see any admin charges... |
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Jul 15 2009, 11:34 PM
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VIP
13,495 posts Joined: Dec 2006 From: KL, Malaysia 
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@vin_ann,
I believe it's a 1 line item. Do other banks actually put in a 2nd line to tell u X amount charged for Admin charges? I thought it's always embedded in. That's the case for Citibank + Amex. |
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Jul 15 2009, 11:41 PM
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All Stars
10,912 posts Joined: Feb 2006
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@Tinkerbel
when i check the exchange rate with bank negara, the exchange rate used to convert is about the same. Perhaps the 2% is too small..... |
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Jul 15 2009, 11:51 PM
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VIP
13,495 posts Joined: Dec 2006 From: KL, Malaysia
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@vin_ann,
Possibly but it could also be possible that HSBC doesn't charge the admin fee; cause like I said that's what my RM told me. On paper however, it is stated in their FAQ that there are actually charges; whether it's charged, we tak tau ! *shrugs* |
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Jul 15 2009, 11:54 PM
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All Stars
10,912 posts Joined: Feb 2006
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@Tinkerbel
just called hsbc CS... im using my 10 digit personal banking number and it's extreme fast, almost no waiting. just ask the CS to authorise my payment to singapore, and im also asked about admin charges, she said is 1.25%, perhaps my transaction is to Singapore, so lower than other mentioned 2%? |
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Jul 15 2009, 11:58 PM
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VIP
13,495 posts Joined: Dec 2006 From: KL, Malaysia
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@vin_ann,
Er... where did U get the 2% figure from?! I believe it's standard worldwide... and well no waiting maybe because it's almost midnight  |
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Jul 16 2009, 12:02 AM
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All Stars
10,912 posts Joined: Feb 2006
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@Tinkerbel
the 2% is mentioned by Zenquix. btw, just checked my hsbc statement, my RM60 caltex suppose to get 5X reward points, but it did not count into my reward point!!!! Sigh... |
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Jul 16 2009, 01:01 AM
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VIP
13,495 posts Joined: Dec 2006 From: KL, Malaysia
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@vin_ann,
Er.. maybe the bonus points are calculated later?! Damn... if I cancelled my card, then my 8x bonus points on my Amex mai wasted la hor?!  Ah well.. maybe U can message TS and let him know to change Post #1 on HSBC admin fee .... |
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Jul 16 2009, 01:05 AM
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Elite
8,601 posts Joined: Jan 2003 From: KL 
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QUOTE(changjie83 @ Jul 15 2009, 10:59 PM) thanks. ok i wait patiently first, at the mean time i actually apply a card using my directorship. its 2nd week....i haven't receive any call yet. I would think the most important thing to qualify for CC is that you can proof the income requirement and got no bad financial records. QUOTE(tinkerbel @ Jul 16 2009, 01:01 AM) @vin_ann, yah 8X rewards points only be calculated after promotion period. When is your AF due?Er.. maybe the bonus points are calculated later?! Damn... if I cancelled my card, then my 8x bonus points on my Amex mai wasted la hor?! |
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Jul 16 2009, 01:22 AM
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VIP
13,495 posts Joined: Dec 2006 From: KL, Malaysia
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@Gen-X,
Unfortunately, it's due 23rd July 2009 !!! |
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Jul 16 2009, 01:49 AM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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QUOTE(tinkerbel @ Jul 16 2009, 01:22 AM) @Gen-X, Any chance of AF being waived? Did you asked if you downgrade to Gold will you still get the 8X MR?Unfortunately, it's due 23rd July 2009 !!! |
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Jul 16 2009, 01:55 AM
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VIP
13,495 posts Joined: Dec 2006 From: KL, Malaysia
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@Gen-X,
No news from Amex but I did ask them to consider since I'm a frequent user and good paymaster. I didn't ask about the 8X to be transferred to Gold; didn't even ask them about the downgrade.. just told them uh.. if they dun give then I just cancel the card and go back to Visa / MC  |
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Jul 16 2009, 02:30 AM
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Junior Member
93 posts Joined: Oct 2005
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QUOTE(vin_ann @ Jul 15 2009, 11:09 PM) @ Tinkerbel Overseas transactions incur both an HSBC administration charge (1.25%) and Visa/Mastercard transaction fee (variable %). I monitor my foreign transactions like a hawk and can confirm this.then i shall use my HSBC for the coming online oversea payment to see whether got admin charges o not. btw, my hsbc is just classic... ---------- is it included as 1 line transaction or separate line item for 2% admin fee?? i checked back my Feb statement, my Uk transaction was only showing 1 line item... did not see any admin charges... ---------- when i check the exchange rate with bank negara, the exchange rate used to convert is about the same. Perhaps the 2% is too small..... ---------- just called hsbc CS... im using my 10 digit personal banking number and it's extreme fast, almost no waiting. just ask the CS to authorise my payment to singapore, and im also asked about admin charges, she said is 1.25%, perhaps my transaction is to Singapore, so lower than other mentioned 2%? For example: Nov 08 = 2.0% (1.0 + 1.0) Apr 09 = 1.95% (1.0 + 0.95) 03 May 09 = 1.58% (1.0 + 0.58) 24 May 09 = 2.26% (1.25 + 1.01) *HSBC increased their admin fee mid/end May You can work this out by checking your credit card balance one or two days after an overseas transaction and again a day later. Only the final amount will appear in your statement, so you've got to be quick to catch the two different balances. Usually I just check via sms (45sen). |
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Jul 16 2009, 07:07 AM
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Senior Member
1,230 posts Joined: Sep 2008
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QUOTE(changjie83 @ Jul 15 2009, 10:43 PM) does principle and supplementary can have separated account summary? i always get a nag when i purchase something. The only bank that does that was PBB but not sure if they still practise this  Added on July 16, 2009, 7:11 am QUOTE(satur9 @ Jul 16 2009, 02:30 AM) Overseas transactions incur both an HSBC administration charge (1.25%) and Visa/Mastercard transaction fee (variable %). I monitor my foreign transactions like a hawk and can confirm this. Excellent observation For example: Nov 08 = 2.0% (1.0 + 1.0) Apr 09 = 1.95% (1.0 + 0.95) 03 May 09 = 1.58% (1.0 + 0.58) 24 May 09 = 2.26% (1.25 + 1.01) *HSBC increased their admin fee mid/end May You can work this out by checking your credit card balance one or two days after an overseas transaction and again a day later. Only the final amount will appear in your statement, so you've got to be quick to catch the two different balances. Usually I just check via sms (45sen).  This post has been edited by tgeoklin: Jul 16 2009, 07:11 AM |
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Jul 16 2009, 07:22 AM
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Senior Member
12,696 posts Joined: Aug 2008
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On overseas transaction charges. The only bank I know of that doesn't charge extra is Alliance Bank card. DA used to be 0% but now also impose charges.
Added on July 16, 2009, 7:25 am QUOTE(changjie83 @ Jul 15 2009, 10:43 PM) does principle and supplementary can have separated account summary? i always get a nag when i purchase something. Not sure what you mean.But most bank will have a separate page for supplementary card transaction but they will all be send inside the same envelope. The only 2 bank that I know having separate credit limit for supplementary cards are DA and Alliance. In other word, the principle card holder can specify what credit limit to give to their supplementary card (out of his own total credit limit). This post has been edited by Optiplex330: Jul 16 2009, 07:25 AM |
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 Jul 16 2009, 07:32 AM
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Senior Member
1,230 posts Joined: Sep 2008
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QUOTE(Optiplex330 @ Jul 16 2009, 07:22 AM) On overseas transaction charges. The only bank I know of that doesn't charge extra is Alliance Bank card. DA used to be 0% but now also impose charges. Actually most banks can impose a limit on the supp based on the principle's instructions. While some will have a separate statement for each supp, only PBB allows the option for the supp's statement to be sent separately to the supp directly Added on July 16, 2009, 7:25 am Not sure what you mean. But most bank will have a separate page for supplementary card transaction but they will all be send inside the same envelope. The only 2 bank that I know having separate credit limit for supplementary cards are DA and Alliance. In other word, the principle card holder can specify what credit limit to give to their supplementary card (out of his own total credit limit). |
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