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 Credit Card Thread V7, Everything about the world of plastic

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mustang
post Jul 3 2009, 08:51 PM

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Anybody heard of Hong Leong Bank Essential Card? I am wondering about the AF waiver stuffs. The bank folks told me 24 swipes are needed to get it waived or spend 8k in that year?
mustang
post Jul 4 2009, 08:08 AM

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QUOTE(MilesAndMore @ Jul 4 2009, 01:05 AM)
It is no longer in circulation as mentioned in previous page.
Correct.
*
Bu I just managed to get hold of the card [HLB Visa Essential] yesterday.. Would like to confirm whether the 1% cash back still applies for all transaction [except those petrol transactions and some others which I can't recall]

*edited: And also why this card is not in circulation anymore? unsure.gif

This post has been edited by mustang: Jul 4 2009, 08:12 AM
mustang
post Jul 8 2009, 01:03 PM

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QUOTE(winner @ Jul 8 2009, 11:25 AM)
OMG! icon_rolleyes.gif This thread has lost its guts since 2 days back. It suddenly sounds gangsterism and very “Ah Beng” type. rolleyes.gif 
Before this I was quite interested in this cc, as it gives 1% cash back without a max cash rebate limit per month. However, after enquiring with HLB CS just now, it is not as straightforward as what I thought. I have changed my mind now.

1. Cash rebate is fixed at 1% and given to all retail transactions (excluding petrol), subject to a minimum purchase of RM100.
2. Cash rebate amount per transaction is rounded up. For example, if you spend RM100, the rebate is RM1. However, if you spend more than RM100 but below RM200, the rebate is still RM1. Let’s say your spending is RM199, you will still get a rebate of RM1, and not RM1.99.
3. AF – 1st year FOC. From 2nd year onwards, you ought to spend at least twice a month or RM8k per year, in order to get it waived.
4. No reward points are given

All these stringent T&Cs, especially item 2, drive me away! doh.gif
*
Do you also ask them whether the transactions need to be in 100s format? Meaning RM100.. RM200.. RM1100 and so on?

Let's say if I purchase RM1299? Is it counted based on RM1200?

Thanks
mustang
post Jul 8 2009, 01:09 PM

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QUOTE(tinkerbel @ Jul 8 2009, 01:05 PM)
@mustang,
From what winner mentioned, yes that's right.  The rebate is calculate in the denominations of the 100s.
*
Looks like I will need to do some planning when using this card so that I can maximise the benefits as I just get it like few days ago smile.gif

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