A forummer has not long ago revealed that with a monthly salary of RM3k, he could get a Plat cc with RM43k CL, without pledging deposits in the bank. I would take it with a pinch of salt.

You definitely can request the bank to reduce your CL. However, some banks MAY NOT allow you to reduce the CL drastically below the threshold level, DEPENDING on the banks' policies. I tried to request a bank to deduct the CL of my Plat cc till RM1000, but the bank could only reduce it to 20k as 20k is the minimum CL level for its Plat series.

This post has been edited by winner: Oct 3 2009, 06:38 AM

I don't really get what you meant.

We were talking about Interbank Giro limit of 5k per day while you were referring to Credit Limit of cc. For cc, you can swipe up to any amount within your CL. For example, if your CL is 100k and your cc doesn't carry any outstanding balance, your can spend up to 100k and your cumulative spending (yet to be settled) cannot be more than 100k. The CL is on "available" amount limit basis.

You've got a point. If the cc requires carried forward balance for cash rebate entitlement, the cc will be the first to be eliminated in my list.

The bank has studied your spending pattern and will only call you to clarify if there are extraordinary expenses. Last time Alliance Bank kept calling me when I spent a few grand in a single receipt. Nowadays, Alliance doesn't even bother to call me if I swipe 10k in a single receipt. But I do appreciate if the bank could make a security effort by giving me a buzz even though I am abroad when I swipe the card.

Alliance Younique MC. Remember to choose "rebate" option. Income requirement is pretty low, at RM18k per annum.

Interest rate could probably be raised by 1Q or 2Q next year, following interest rate increase by Australia yesterday.

Nobody can tell confidently, whether the economy is heading towards a V, W or U shaped recovery. In view of the recent interest hike by the Australia's Central Bank, it is commonly predicted that there could be an interest rate hike across Asia-Pacific SOON. South Korea could be the next to respond, followed by Indonesia, India and even the Philippines. Malaysia is very vulnerable to regional economic movement. If most countries in the region raise interest rates by 1Q or 2Q next year, Malaysia is expected to follow suit. This could happen much earlier than 3Q or 4Q 2010 as predicted previously.


You can send your application via fax and give the bank a follow-up call. Alternatively, the most conventional but very effective way is to walk in to a bank and submit your application.

Well, the inteview was done few months back and Malaysia will always "follow the trend". What I hope is that the interest rate hike won't be significant and won't take place too soon. Gosh! I have just been committed to a property under the 5/95 package and plan to build up my portfolio by adding another one next year. I hope I could have enjoyed more and taken full advantage of the all-time low interest rate.

I guess there is exception to the rule. If I am not mistaken, somebody did mention he managed to obtain DA VI while still possessing CIMB Petronas cc.


Ambank's rebates are also capped at a level, and the bank will not reveal information on when the max pool has reached. I also doubt the transparency of the recent Amex's promotion about Longines watches.

Do you mean "annual fee"? Basically, all CIMB and CIMB Islamic CCs are free for life.

Some terms used by Islamic Bank are somehow quite confusing. I guess YFC could be the max interest charge per annum.

Btw, there is also CIMB Petronas cc as opposed to CIMB Islamic Petronas cc. If you have so much doubt about the YFC of the latter, you should choose CIMB Petronas cc.


You can do so, if it has been used for more than a year.

In the event that you make minimum payment before the payment due date and pay the balance before the next billing date, late payment penalty won't be imposed BUT interest will be charged on your balance until you settle the balance in full.

However, some petrol stations such as Petronas and BHP do not accept Amex. Because of this, I switch from Petronas to Shell.


And also, PBB cc promotions are always attached to stringent T&Cs, similiar to HLB. They always claim to give 8% cash rebates (with conditions) but actually they are not generous enough as compared to other certain banks.

If you have already got Maybankard Amex gold cc (with MBB logo), then you should choose DA MC. Or else, get both Amex gold cc (without MBB logo) and DA MC, and terminate Maybankard Amex gold cc (with MBB logo) later. Frankly speaking, benefits offered by Maybankard Amex gold cc (with MBB logo) are not as good as features provided by Amex gold cc (without MBB logo) now.

What's the point of cancelling CIMB cc? And what makes you feel DA is better than CIMB? Both CIMB and DA are under the same group and the benefits offered are almost similiar. Like wise, CIMB brand, for me personally, is stronger than DA now (as people normally won't associate DA with bank).

Submit ALL and let the bank analyse, if you want to get a high CL.


Your case should not exist. It is because under the new rules effective 1st July 2009, credit cardholders are given a grace period of 3 days upon expiry of payment due date to settle their cc bills. In other words, if you make minimum, partial or full payment prior to the expiry of the "grace period", you shall not be liable to late payment penalty.

You will definitely get waiver for the late payment charge. The tiered interest rate on your outstanding balance, could however be affected.

I don't have the intention to underestimate local banks. However, if you talk about "professional" identification and status, some specific products from foreign brands in Malaysia, such as AMEX Plat Charge Card, SCB VI and HSBC Plat cc, carry much higher recognition. Nevertheless, I am a more practical type, and I value and compare the benefits offered by different products, regardless of brands. That's why I only hold very few CCs offering me good benefits and terminate those don't give me much value.

You can always check your e-statement and monitor your unbilled transactions and spending online. It shouldn't be an excuse for not making payment promptly.


I did that to my Alliance cc too. I asked the bank to adjust the payment due date to 1st or 2nd every month, in tandem with my other CCs. However, not all banks are flexible enough to accommodate this request.

"Statements Arriving Late" is definitely not an acceptable excuse. Bank has already given you 20-day interest free plus another 3-day grace period. The statement shouldn't take more than 20 days to reach your house. On the other hand, "Statement Never Arrived" could be accepted once but not many times.