What is your mortgage rate since the return of ASB is approximately 6.5% only?


That's the problem. The branch has received your cancellation request form and might have cut the cc in front of you, but the card centre has not processed it yet. This also happens to MBB, as I witnessed tons of yet-to-be-processed cancellation request forms snowballed since last month on the desk of a CS officer in one of the MBB branches in PJ. Your CIMB cc can only be confirmed CANCELLED when CIMB card centre has processed your request and terminate the cc OFFICIALLY. Otherwise, you still own the account. Good luck.

I had cancelled my Alliance, DA (CIMB) and HLB CCs before, which happened in Oct'08, March'09 and July'09 respectively. I received confirmation letters from all the above banks upon request.

A very specific minority groups' pockets will become thicker and thicker.


During good times, getting dividend of 7%-8% is not uncommon. I don't think the dividend will be more than 7% this year! Let say the dividend is 6.5% and your mortgage rate is fixed at 5.0%, it should be a good bet for ASB solely given to Bumipteras as you can just sit and wait for the extra income without giving any upfront.

9% this year? You must be dreaming! Just look at what you get for other AS products. If they really 9% for ASB this year, it will be too obvious that they purposely help the so called indigenous people.

You don't worry about the loan and I totally understand what you mean.

It won't be easy to win something from banks with huge cc customer based, such as Citibank and MBB.


Take this opportunity to cancel those CCs give you problems. Btw, in terms of cash rebate, Alliance Gold cc isn't as great as Alliance Plat and Yonique CCs.


Alternatively, you can write in, but HLB may take 2 weeks to process your request.


I guess next week will be the last chance to do cc cancellation, as most banks need time to process the requests and normally lots of staff will be on leave during year-end holidays.

You should call the banks directly to get the exact numbers.


CIMB did it on purpose, in order to retain customers. A lot of forummers here have received such upgrade.

My favourite cc, SCB JustOne is not stated in the pool. Anyway, I have cancelled 2 cards this morning. They are Alliance Younique and SCB VI.

I am also having Alliance Visa Plat which gives a similar rebate rate. In fact, Younique used to be a backup to my Alliance Plat in the event that the monthly cash back of my Alliance Plat has reached the max rebate of RM68.75.

With this, now I have 1 MC - SCB JustOne Titanium, 1 Visa - Alliance Visa Plat, and 1 Amex - Amex Gold cc. My initial plan was to cancel Amex Gold cc too, but the current 15% cash back promotion creates a U-turn for me.

For Citibank, cc cancellation can be done via a phone call.


That's so funny and it makes me laugh! Those people are not liable to compensate you if you are charged the service tax immediately on 1/1/10 or on the card anniversary date next year. Btw, there are lots of cc sales agents and CS officers but there are no "cc advisors".

Terminating cc over phone or fax doesn't mean that the card is OFFICIALLY cancelled. You still need to follow up with the bank and monitor the status closely, especially when dealing with those "efficient" banks.

It was (/is) FOC for first year. But I am not sure whether SCB still issues normal VI to those who are not PB customers. AF waiver request for second year onwards is however subject to the bank's approval.


It still doesn't solve the dilemma. You only delay the decision on cc cancellation. However, it does help to a certain extent. For instance, some Amex cardholders may consider to cancel their cards when the 15% cash back promotion ends in Feb 2010 or after they receive their cash back entitlement, if their card anniversary months fall after the promotion period.

On a different note, you must be very HAPPY with your so-called ANTICIPATED NO LESS THAN 9% RETURN? Anyway, you should consider yourself LUCKY.

Don't you know that you can utilise 10000 to 12000 points to redeem a RM50 gift voucher? As for RM100 voucher, it requires even less than 20000 points. They are your HARD-EARNED points anyway.


It looks like everybody is so PASSIONATE about SCB JustOne and don't wanna let it go!


Banks don't want to absorb the service tax. Isn't tomorrow a public holiday? You are losing another week.

Btw, I wrote to Alliance Bank to cancel my Younique MC on Monday. Yesterday I received a call from Alliance confirming that the card was cancelled, and the CS officer did not even persuade me to stay on. Just now I double-checked the status by calling Alliance CS and I was given a confirmation that the card has been cancelled. A confirmation letter will be sent to me.


Most banks will charge a card replacement fee of RM50. You may negotiate with MBB, but it is subject to approval.

That sounded arrogant! CUT CUT CUT all Maybank cards.

Now Maybank has confirmed that they won't absorb the service tax, other banks will also follow in the footsteps.

You should take it with a pinch of salt.


10,000 points = RM50 voucher => No difference at all! Not a good deal.


Yes, I wonder if anybody would cancel the precious SCB JustOne.

If you think you can get at least RM100 cash back after Feb 2010, then you should keep the card and thereafter cancel it soon after you receive the cash back.

It is the right time to choose a good card that suits you most, as banks are throwing freebies and promotions to attract customers in view of the declining numbers of cards.

Btw, don't get trapped in easy money such as Personal Loan or Overdraft offered by banks.

Commercial banks nowadays are professional loan sharks. I have been annoyed by the loan shark HLB who calls me almost very month offering pre-approved PL. It has become even more aggressive recently taking into consideration that I have nearly settled entirely my existing home loan with HLB.

I have got enough nightmare with HLB's scrappy services. I will never get any home loan with HLB anymore!