Credit card V8, Anything about it
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 Sep 25 2009, 12:32 PM
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#1
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QUOTE(staticxtreme @ Sep 25 2009, 11:35 AM) wow.. as per above.. Its only applicable to the DA line of cards ie. you need to be a graduate, otherwise its still RM30K to qualify for a CIMB Gold Card meaning if i earn rm2k a month i can get a cimb gold card ?   This post has been edited by tgeoklin: Sep 25 2009, 05:27 PM |
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Sep 27 2009, 04:33 PM
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#2
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QUOTE(gyver @ Sep 26 2009, 04:30 PM) Woah! Tell me your secret on how you actually got that RM43k combined limit. . I just got my Maybank Visa increased from RM8k to RM10k after a few sessions of begging on the phone. Actually nowadays its not uncommon for banks to grant high credit limit to ineligible card holder ever since the bankruptcy limit been raised from RM10K to RM30K in order to better protect the banks' interest I hate to send the offline application form where they ask for this and that so I just called them everytime my card hit limit  Further, this will also ensure maximum interest chargeable as the victims will normally not be able to pay off their debts and will be trapped in a vicious cycle of making just the minimum everytime, in other words, being a slave to the banks for life  This post has been edited by tgeoklin: Sep 28 2009, 08:00 AM |
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Sep 28 2009, 08:03 AM
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#3
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QUOTE(MilesAndMore @ Sep 27 2009, 09:07 PM) These group of people have a choice and they chose it to be that way. Serve them right No doubt about that but when the bubble burst, its everyone who suffers as well due to the act of such selfish people ie. when banks make losses, its not just their $$$$ that's being in jeopardy only   |
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Oct 8 2009, 12:38 PM
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#4
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QUOTE(starglazer @ Oct 8 2009, 08:59 AM) I'm thinking of applying a credit card from CIMB. Any idea which is better, the current CIMB free-for-life credit card or Direct access? DA has no classic card. Minimum is Gold card and with very low requirement of just RM24K for a Plat card in some case I should meet the requirement for a classic card for both - just wondering which to apply. |
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Oct 13 2009, 12:55 PM
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#5
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1,230 posts Joined: Sep 2008
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QUOTE(Centurion Lee @ Oct 13 2009, 12:10 PM) The differences between DA and CIMB credit cards is that DA is only open to Degree holders and Professionals. Where is, CIMB cards is open to any individuals. No doubt people won't associate DA with a bank, but by holding a DA cards, you are instantly recognised on your academic qualifications. A Professional and a Degree holder can hold both DA and CIMB, but a normal individual without strong academic qualification can only apply the CIMB cards and not DA cards. I'm holding both DA WORLD, CIMB Enrich WORLD MasterCard and DA Visa Infinite. I feel DA Cards are more stronger in indentifying you as a professional person. Couldn't have said it any better   |
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Oct 23 2009, 06:29 PM
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#6
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QUOTE(tinkerbel @ Oct 23 2009, 06:24 PM) I certainly ain't happy with the new rule implemented; and I doubt a lot of people here are going to be upset too. I feel the bank shouldn't be imposing on the consumers; instead of they want to charge they should start charging the banks; it is after all them who benefits the most from us [provided the card is used and not kept for keepsakes] Just do the smart thing. Change government lah Also, if I'm oredi paying RM800 AF for a CC, Y should I pay an extra RM50? Just so our national education institutions can go buy RM40k+ outdated computer? I'm not going to do anything; will just sit and wait for the bank to send me letters and then I'll decide. Looks like I'm gonna give up on several cards. Maybe banks will decide to pay for those who actually uses the card? |
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Oct 23 2009, 10:20 PM
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#7
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QUOTE(hye @ Oct 23 2009, 07:57 PM) .... You know I felt it was effective to curb unnecessary spending back then by people who live on credit. Those who pays in full was life as per usual. I'm not supporting Najib or anything but I think this is a good move by the govt. I mean look at the occasional post we have in this thread asking how to increase cc debt is crazy - questions like EZ installments, pay minimum every month, cash advance, etc. I was rather worried and I was always loud about it ... sigh There are no justification to claim that their purpose is so noble as to help reduce debts by cardholders as in reality those with debts will only find that it add on to their burden ie. akin to taking more $ from the beggar's bowl.BTW .... I'm not that old lah. If they would only stop wasting $ there would be no need to cover their arses with our hard earn money  |
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Oct 23 2009, 10:53 PM
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#8
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QUOTE(hye @ Oct 23 2009, 10:34 PM) Interesting on how this thread has suddenly 'liven' up. Would be more effective to just limit the credit limit like S'pore did. But then they won't get more $ Don't take the news negatively. Although I would admit that the public reacted negatively to this idea several years back when it was implemented, what was visible was how banks very going all out to make sure service levels were good. Customers suddenly became choosy coz they don't want to simply hold too many cards and banks have no choice but to make the customers happy all round. You have excellent CS, good products and attractive promotions abound. And it was easier to do so back then coz you don't see people holding to an absurd amount of cards back then. Banks with bad cc products were quickly ignored by the public and the banks have no choice but to relook at their products and make it better. One more thing ... we may the only country in this world doing this but seriously I have been to countries where credit card usage is just beyond control / living on credit. All it takes for the economy to go wrong and everyone's life just went topsy turvy - we should learn from that and avoid that scenario. Even at the expense of making a lot of people unhappy coz they have to cancel their credit cards. Oh well ... I don't work for the banks. (Just a disclaimer) This measure is as sincere as what MCA says its doing is for the good of the Chinese. Definitely down with Beban Negara come next election. |
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Oct 25 2009, 07:27 AM
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#9
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QUOTE(simplesmile @ Oct 25 2009, 01:17 AM) Believe me, prudent spending is just an excuse to mask their real reasons or intentions. Totally agree with you. But as can been seen until today, there are always going to be those "moronic" hard core supporters who had faithfully supported the govt for decades & not forgetting those who are part of the corrupt admin itself who will try to justify whatever bullshit decision they make When the country was just starting to fall into recession, Govt keep saying "our economy is resilient, US subprime crisis won't affect Malaysia". When the Government will defer projects in Pakatan states and say because Government no money. You think the Govt really have no money? You trust what the Government says? The real reason for taxing on the credit cards is because the Govt wants to tax, but don't want to affect poor people. So... how to tax the middle income and the rich? Raise the income tax rate? No way,.. this will surely kick them out during next General Election. So.. what do middle income and high income people have? Properties and credit cards. So... bring back the RPGT and tax credit card holders. You think the govt really wants to encourage prudent spending? There are other more effective ways to encourage prudent spending as suggested by other forumers. Bottom line is, this RPGT and service tax on credit cards are designed to MILK the middle income and high income.  End of the day no justification is adequate to support a bad or stupid decision. What more a decision driven by greed & corruption itself. But alas it truly reflects the core of our society even when such can have support ie. its actually passed by Parliament & is even being supported by some people. Guess only option is to give up my lovely collection. Oh, a suggestion to feed back to the powers to be. It makes better sense to abolish tax or duty for luxury cars purchases by selected people instead since its bound to generate more $ as well. More than offset the petty $ you are squeezing from credit card holders |
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 Oct 30 2009, 10:08 AM
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#10
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QUOTE(alexwsk @ Oct 30 2009, 09:44 AM)  so cimb is the ONLY bank that make such announcement huhdefinitely too many cancellations for them  Btw, anyone know if the SCB VI is still available for application? From their site, it seems to imply that its only for their Priority Banking customer  This post has been edited by tgeoklin: Oct 30 2009, 10:08 AM |
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Nov 18 2009, 08:45 AM
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#11
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QUOTE(edifier78 @ Nov 18 2009, 06:19 AM) If you can afford it... go for PETRONAS Maybank Platinum Visa. All govt related cards should be the first to go Trust me... the best credit card EVER! |
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 Nov 22 2009, 08:11 PM
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#12
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QUOTE(wirelessdude @ Nov 22 2009, 05:40 PM) It's also very difficult to win in their contests like "be the biggest daily spender and win...". I swiped RM30k once on a weekday and another on a weekend but still didn't win. Sorry to burst your bubble but you need to top RM150k to have any chance to be the biggie of that day |
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Nov 30 2009, 10:57 AM
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#13
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Just want to inform that UOB has confirmed to pay off the service tax for all my cards with them
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Nov 30 2009, 11:15 AM
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#14
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QUOTE(Aeon_Clock @ Nov 30 2009, 11:04 AM) good for you. Did they call you or sth? What type of cards you hold? Yeap, they called me after I submitted my cancellations. Holding their Plat Pre cards.Added on November 30, 2009, 11:07 amI just called Citibank to cancel my credit card...their customer service so polite...make me feel bad about canceling the card. |
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Nov 30 2009, 07:47 PM
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#15
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QUOTE(MilesAndMore @ Nov 30 2009, 12:38 PM) What ? You must be a big fish Erh, definitely not a big fish ie. does RM1K CL sounds like a biggie to you ?  I hope my cards issuer will offer me the same thing. If they can't waive it, then please give me a RM50 voucher  and yes, its an outright waiver ie. not vouchers or $mart RM$ etc. In fact was quite surprised when they called up actually. According to the CSO, it will be reflected as service tax paid Added on November 30, 2009, 7:50 pm QUOTE(winner @ Nov 30 2009, 03:01 PM) Plat CCs are too common nowadays. I guess he must be a PB customer or having a property loan with UOB. And nope, am not a PB customer nor have any loans with UOB, just only have CCs. No black & white but the CSO gave staff id and all and confirmed its a real deal It is on a case-by-case basis so I do not think the bank will put the promise down in black and white. Again, let's hope the bank was not playing a game.  This post has been edited by tgeoklin: Nov 30 2009, 07:50 PM |
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Dec 1 2009, 08:10 AM
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#16
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QUOTE(Gen-X @ Nov 30 2009, 11:25 PM) Mind sharing your CL for the other UOB CC Erh, total CL is RM1K as had to reduced it to meet exposure limit for a new HL with another bank. Before reduction was RM300K but that was like 2 years ago. And the reason I choose to reduce my UOB was exactly due to their limited/unattarctive promotions Actually I already cancelled my UOB MC Plat 3 weeks ago and did not get any calls from UOB  Keeping my UOB Visa Plat because got many auto debit with it since it was my first local issued CC. tgeoklin  , can you please PM me the name and contact of the person that called you and I try my luck with him. Worst case, I will just accept UOB offer to swipe 3 times (each above RM100) and get the Smart$ points and redeem petrol at BHP. It is actually very good news from tgeoklin being the 1st person I know that bank willing to absorb the tax. This is a good start, I guess the rest of the other banks will have some kind of offer sooner or later. Having said this, UOB Plat Card actually don't have much benefits such as cash rebate for all transactions nor 2X reward points nor discounts at chain outlets so I guess UOB management made a decision promptly by offering incentive early to retain their customers. It would be a joke if MBB willing to absorb the RM50 tax because MBB is controlled by the government. What is the point of the government imposing the RM50 and then absorbing it? As to the CSO, her name was Sohia/Sophea but seriously did not really note it down as was in a meeting that time. But I am not really worried as am unlikely to use the CCs anyway, so if they charge will just cut only This post has been edited by tgeoklin: Dec 1 2009, 08:13 AM |
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Dec 1 2009, 10:24 AM
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#17
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QUOTE(winner @ Dec 1 2009, 09:18 AM) Eh...you are the first here who is willing to expose exactly your 6-digit CL. That was like 2 years ago, now only RM1K so little risks of exposure The CS officer could be in trouble if everybody is looking for her and asking for waiver. as to the lady, am not sure if she is from CS or not and knowing UOB, not sure if you even get to choose the CSO if you call in and no harm providing such info since its not confidential also |
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Dec 2 2009, 11:49 AM
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#18
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1,230 posts Joined: Sep 2008
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QUOTE(hye @ Dec 2 2009, 11:11 AM) Yeah ... don't be too quick to post Service Tax waiver unless other forummers can locate the advertisements in newspapers or websites. According to my source in UOB, the absorbtion of the RM50 servive tax is strictly at the discretion of their management and NOT an across the board policy. Amongst the criterias are past spending pattern, total card tenure, card types etc. So far there has been only 1 case of the waiving the Service Tax but I'm sure it is an isolated case and not officially representing the bank's policy. The official release from UOB only stated indirect waiver mechanisms since users can get rebates from the card and that rebate will be used to offset the service tax. BUT no mention about direct service tax rebate. That CS would be scared out of her wits now with so many callers asking for her. For all you know she could be in trouble with her boss on this incident.  And if its of any consequence, I have been with them for over 15+ years |
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Dec 17 2009, 06:12 PM
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#19
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QUOTE(vgodmax @ Dec 17 2009, 05:33 PM) Been using DA Gold since 2003, and would like to apply for a privileged & Free for life CC. I prefer DA & SCB, any recommendation? Erh, since you are a DA card member, why not call them up and ask to upgrade? For SCB VI, you will need a minimum CL of RM50K to qualify. Actually the infinite is just a higher grade plat card with more benefits etc.What's the diff for Visa Infinite and Platinum? Added on December 17, 2009, 6:13 pm QUOTE(ck_tonny @ Dec 17 2009, 05:41 PM) Maybankard customer now can use treatpoint to redeem service tax. That's no difference from paying  This post has been edited by tgeoklin: Dec 17 2009, 06:14 PM |
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Dec 18 2009, 08:52 AM
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#20
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QUOTE(roy918 @ Dec 17 2009, 09:32 PM) Maybank not absorbing RM50 credit card service tax I will be cutting all my maybank credit cards and even my Amex since its Maybank related as well, as not doing so will also contravene my sense of intelligence since I am already paying a whole lot of tax to the existing govt as of now. And this goes for all govt linked banks as well. Can't wait to see how many of their existing 1.6M members will be stupid enough to pay, notwithstanding their crappy services » Click to show Spoiler - click again to hide... « And will probably get myself a debit card, most definitely not from Maybank, so in the end I will be left with my SCB & HSBC and maybe next year will get an Amex from overseas just for emergency I have been informed by my CRM in SCB & HSBC that they will pay the RM50 on my behalf. This is a on a case to case basis and as such its a no brainer why I choose to use their cards. Basically its a win win situation since I give them profits by using their cards, its the least they can do to absorb the @##$ tax This post has been edited by tgeoklin: Dec 18 2009, 09:04 AM |
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