I got rejected by Standard Chartered for their Credit Card and Personal Loan.

The representative said that because I don't have any loan or other cards so the bank sees me as high risk.

Does that me I have to get a car loan first ??

not really. so far i know scbb credit security dpmt has slightly higher and tighter rules in approving credit facility.

If you have strong income supporting documents should not be a problem. or u shall start to apply local banks first like cimb, mbb, before getting the overseas banks.

This post has been edited by princess_autumn87: Apr 10 2010, 06:02 PM

I think MBB is even stricter than SCB, credit card wise. Well, at least to me.

If you don't have a loan or a credit card,so it means that you don't have a record with CCRIS..means that they cant trace any proof of income from you..and they label you as high risk..

Getting a car loan first will certainly help,because it requires a guarantor,in which cc doesn't need one..

Otherwise,just try EON,Alliance,Affin,Public or any other local banks(except Maybank)..it will be easier than SCB..

For point 2 and 3, I dont care so much. As long as I can get discount, why not.

Today just apply UOB One classic..Hope I can get it..
so far already apply HSBC, MBB, EON and UOB..don't know which 1 I can get

Wau! apply so many bank,if all are approve than Najib will be a very happy man.

I'm just past 21..haha..don't know which bank will approve my application

Good luck!

HSBC is the least likely one to be approved i think..they are really strict..

What do you mean? HSBC hard to get?

Exactly..in my opinion is the most difficult bank to get credit card from..even if you got high salary..

Oh..I think they approve Credit Card got monthly quota

Among the Credit Card, I really hope I can get HSBC and UOB..

Yes they do have a quota..but actually this year is abit more easier to apply credit card,due to the RM50 GST...so its like there is no quota at all..every day of the month is easy to apply..

Then good luck to me..haha..
Actually all banks require 2 weeks or more to process a credit card application?

Normal processing duration is 12-14 days..

Some banks takes 3 weeks though..i applied for affin bank previously and its still pending after 3 weeks..

Oh..too bad then..why they can't make it fast?

Ask BNM..

btw,citibank takes 3 days only to give u application status..

Wow..so fast..might consider

Which bank is the second hardest?

Maybank..for sure..