You didnt pay full amount issit?
There was once where somehow I paid RM30 less than the full amount (not sure how). The next month I used about 5k and the latest rule is that when you got outstanding balance, they are going to charge 1.3% (cant remember exact figure) and end up my rebate for last month also not enough to cover this stupid finance charge. Finally call them up to explain it and got it waived after they found that I always pay full except for that particular month.

I dont think so. For me personally, I used my credit card a few times liao, and never once encounter any problem. I bought something at China airport few years ago with SBB mastercard, and they just called me to clarify instantly after the payment went through. Then I bought something in Thailand airport, and the same thing happen with another bank. I didnt even call to advise them Im travelling.

However, I do really prefer Citibank. Not only the rebate is good, I like how they handled internet transaction. Other banks that I tried always ask for verification like mother name, ic, birthdate. Some even need to create a pin. With Citibank card, all you need is the 3 digit CVV at the back of the card and it went through instantly.

Lowest is 18k and 25k for Mastercard and Visa. Not sure which is which though.

I got both Mastercard and Visa combined for a limit of 43k. So must be 18k+25k for both.
BTW, my salary only 3k per month nia. So I think my Citibank Gold card and Alliance Gold card enough to fool them to let me have such limit. Crazy...

I wish I have side income too.. Just my IC and cards shown.

Agents dont really care how much you are making if you have a card >1year. Just use it and pay on time. Thats what I did. After I got my HSBC for 5k limit, I asked them to double it a year later and they did. Then Citibank came knocking and it was 13k. Soon it was Alliance turn and it was 18k. Then SCB turn and they blew them all. I dont think the CL will be 43k for one card. Agents just want to get the best commision thus raising it to Plat. Given the high minimum CL limit of Plat, it ends up where it's now. Ever since I switch my petrol to Esso, I dont feel like using Citibank card anymore. However, it still remain the best card to date that I have signed up for given the rebates and discounts that I enjoy for 1yr+.

BTW,

Banks are making money from cards business even without our annual fees. So, if your bank dont give a damn about your request, its time to move on. I still have a card with AmBANK which has 3k CL and it has stay there since.

Shall I say 2days?
Even as the cheque clearing system is being centralised, I think it does not make any difference. When I bank in a cheque into another one of different branding, it shows up in the system saying float 2 days. The money is not added to my account which means its not cleared. Even of the same branding but different branch, it still takes 1day if Im not mistaken. Only same brand and branch can proceed the same day.

Most bank is like that. On top of that, they are likely to have combined the CL of all your cards that were issued by them. The RM1,000 + your previous card RM8k makes it a total combined of RM9k.

Of course the best thing you can do now is look for a way to lock in the interest rate for a given period which can only be done via personal loan or balance transfer.

I think most local banks has set RM5k as limit for per day and not per transaction. It really sucks lastime and have to pay RM2 twice. Now at 50cent, still ok.

Whats so great about it then?
The 5% is most probably if you have carried forward balance which is same like Citibank Shell gold card. Not to mention that we dont even have a limit on the rebates that we can get.

Anyone using StanChart Platinum Master and Visa? Just received my first month bills and its good to see they give you RM100 credit upon activation. Not sure its for both or one card.

When I asked the call center agent, they said 2years?

You are wrong my friend...
Younique same with Alliance Bank Gold card.

Basically how it works is really the same as income tax.

I called and verify with the CS already. I have however cancelled the card because the statement is not good. I cant really remember how much I spend on what and therefore always felt the rebate is somewhat low. I prefer Citibank way of accumulating till RM25 and then give it all in one go. Now I kinda prefer SCB Plat which gives the rebate straight away instead of having to accumulate it or bring to next month.

Im using Citi Shell gold card which gives 0.75%. SCB Bussiness Plat also gives 0.5% instant rebate.

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Added on October 22, 2009, 9:02 pmNormal...

I last applied American Express Gold Charge Card. I thought I applied it in August, but havent received any status. So I called and they told me it was unsuccessful. It does not really matter. Then I just found back the form I faxed them. When I checked the date, it was in April. So there you go.

This post has been edited by andrekua: Oct 22 2009, 09:02 PM

I dont think this is a way to cut down spending at all. If you think about it, if all you need to pay is RM50 to get additional credit of RM4k, its DAMN WORTH IT.

This is just an excuse to milk us after promote to reduce income tax. In fact gain back via some other mean. Goto HELL LA NAJIS

You phail?

What he was trying to say is if all it takes is RM50 per year to get extra credit, those who are desperate will be willing to pay also. Cheaper than borrowing from ah long what.

Thats why he said its not going to work.
Basically there are two category of card owners. One with money and one without. What they did will deter those with money who use card for convienient or to earn rebates. But that RM50 is nothing for someone looking for credit. This latter category of card owners are those who keep registering new cards to balance transfer to get out of blood sucking interest rate. This free up the credit in the first card and the spending continues. This cycle continue each and every time the card owner need fast cash and fast way out. So if you want to stop prudent spending, suspend all new cards or limit one card per person.

This post has been edited by andrekua: Oct 24 2009, 12:31 AM

I dont think I wanna drag this too long.

Like I describe, people who has money and always paid full, they are more aware of their spending and usually does not overspent unless in a forceful situation or emergency. Like you said, its possible for them to turn into 2nd category people but think about it, how hard was it for them to apply for another card and doing a BT, in the first place? Will that RM50 service charge be a deterent for them in this desperate situation? If the government want to prevent this, then they should limit the credit to you instead of charging you. What right do they have to charge you when they aint the party responsible for providing the services? This is clearly a measure to rip us off.

They should just ban credit card. Promote debit card kao kao and Malaysia will be debt free forever.

Actually I think this might even work in favor of the banks. If everyone of us cancel our cards till the remaining 1 or 2, we might have harder time negotiating for waiver when it comes to annual fee. Had we cancel the card, it would be through the hard way to reapply for a new card after you cancel the remaining single card.

If banks understood this, why oh why are they still pushing CC like crazy? Rebates, free gift, free annual fee, bla bla bla. These are the bankers that we had our money inside. They had all the information on our income. Yet they go ahead with the crazy push of CC. They are just interested to make your their slave. THATS IT!!

BTW, it does not take a CEO to figure out that how much sincerety 1Najis has when it comes to the RM50 charges. It aint gonna change anything.