Have to dissappoint you again ... the answer is no. EZ payments are never transferable.

SCB VISA Infinite was previously available via application but now only offered to SCB's PB customers. You'll need to have RM250K in deposits with the bank to own this card now. I'm not sure whether you constitute this as easy and non-exclusive. For the past 1 year, I may have sighted like once or twice the SCB's VISA Infinite.

RHB VISA Infinite (It is not available for application) will be offered to customers having RM1 million in deposits with RHB. Sure very exclusive one.

This post has been edited by hye: Dec 28 2009, 03:20 PM

Well ... here's some info on RHB complimentary card.

Yes, entry level deposit / investment to become RHB PB is RM200k and you'll only get complimentary Gold cc. RM500K will get you a Platinum complimentary card. FYI, RHB VI min CL is RM200k ....

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Added on December 28, 2009, 7:31 pmLate payments is not good in bank books lah bro. CL increase comes with good track record over a very long period of time. It took me 3 yrs back then (if I remember it well) before I got my 1st CL increase. Unless your CL is ultra low, these increases won't be so soon.

This post has been edited by hye: Dec 28 2009, 07:31 PM

I can't remember what system it is but in the previous version of this thread one forummer did mention this. Basically the system will capture whether you are a on-time, late or don't pay @ all. And you are right ... it won't state the amount. This info will be visible to all banks.

So ... paying late is not a good habit to have. Period.

Happy New Year everyone!

Not just Citibank, all banks will not award points for pumping petrol.

OK .... let's put this in perspective. Generally (I'm using the word generally folks) if you do CC installments, the bank will exclude RM2K from your credit limit leaving you with on RM1k left for any other transactions. Remember the RM3K limit. You won't get back the RM2K CL until you complete your entire installments.

Generally your CL is still RM3K but you can only use RM1k on a monthly basis so long the CC installment is still there.

Your monthly payment will look like this

1. If you don't use your card for retail then you just pay RM170 every month without fail till 12 months.
2. If you use your card for retail transactions then you need to pay RM170 + RMxx amount that you use every month. Or RM170 + 5% of the RMxx amount that you use on that particular month.

Generally true. However, there is at least 1 bank which have a different practice.

This post has been edited by hye: Jan 2 2010, 10:38 PM

Oh yes ... that I agree fully! No longer a big deal and it's just a method for the bank to

1. Charge more annual fee (if they do charge)
2. Customer retention and loyalty tool

Not necessarily. Check the envelope that you receive your cards ... it should contains some additional instructions.

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Added on January 4, 2010, 11:04 amGenerally Platinum cards comes with 'equivalent' priviledges. E.g. Yes, you can get MPO tickets but they are not your regular cheap tickets ... more like the suite tickets. Better to use cards that provide direct discounts that save your money.

This post has been edited by hye: Jan 4 2010, 11:04 AM

You may try to inquire but I doubt so the bank will entertain you if you are asking for a discount based on your original purchase amount (without the interest) Eg. Your original retail purchase was RM5k and everything extra was the interest. Possibly the bank will discount the interest only.

Still ... if you are able to do full settlement then please do so. (irrespective whether got discount or not) CC interest are a real killer and not a lot of people realise this until they get into trouble because of cc debts.

This post has been edited by hye: Jan 5 2010, 04:16 PM

The more important question is when is your date due ?
Statement date is merely a cut-off date for the bank to generate your cc bill for the current month.

@ Bizmind

Being new to the job may pose a slight problem but you can try. If you want to get 0% interest from Dell then that leaves you with just Maybank and Citibank cards. Speed of cc application approval is dependant on whether your documents are complete or not and this can range from 2 weeks to 2 months on a worst case scenario. Being 3 months into the job, banks will ask for just about everything.

Citibank have a 1 hour processing but you have to go to the main branch in Menara Ctitibank Jalan Ampang (correct me folks if the facility is no longer available) and they will ask you to print out your EPF on the spot. I can't remember whether there's any additional condition to this.

Good luck! And do remember not to built debts so early into your job.

Don't be lazy. The info are available on each banks website and if you want something for your own benefit, do it yourself.

This post has been edited by hye: Jan 9 2010, 07:21 AM

No.

Still have have a lot of people scrambling for this so called "Platinum" status. A couple of threads ago, we find forummers getting excited over nothing due to the "One Platinum" from UOB. Product is called One Platinum but there's nothing about it which is worth mentioning of equivalent Platinum status.

Now banks like CIMB is further diluting the Platinum brand by offering it to retain customers due to the RM50 service tax fiasco. I think a lot of the old Platinum card holders sure feel upset coz their cards no meaning anymore. The last undisturbed frontier is now the VISA Infinite and the Mastercard World. Hope it stays that way ...

Some banks increased their customers CL in order to retain their customers due to the massive card cancellations occuring in the market right now. Not everyone gets it but a lot of people get its apparently.

RM9k is not a big credit limit. I suggest you to keep it that way coz if you encounter a medical emergency, you are going to need a lot of credit limit to pay the bill at the hospital.


Now ... allow me to clear the myth about this credit limit and let everyone give it some thought. This is my personal opinion and it is up to the different individual on how they wish to see it

Myth
A lot of people will say they don't need high credit limit and it is dangerous to have high credit limit in case card goes missing and abused by some 3rd party.
- Credit limit (CL) is not real money. Not necessarily you get a CL of RM100k, means you have a debt of RM100k. (Same goes for CL of RM1k)
- CL information is visible to all banks though and forms part of your financial exposure/risk. Since it is flagged as CL, I doubt banks are so stupid to recognize this as an actual debt like some people says or think it is.
- The real measurement of your cc debt is your current outstanding. (visible to all banks) The lower it is (or zero), the better.
- In case of card theft, please report theft to the bank and your card will be blocked. This way, you will avoid or lower the chances your card abused by an unauthorised party. There are some cases of abuse due to the card holder taking their sweet time to cancel the card or do not have the card in their wallets all the time (thus when stolen also did not realise, unused cards should be kept under lock and key if you don't want to cancel them) - if that happens then who is the real party at fault ? The bank or the card holder ? Obviously card holder right ... but in most cases many want to blame the bank for not blocking the unauthorised transaction. (sigh ... since when the bank got ESP?)
- OK .... it already happen and unauthorised person uses your card. Well, report it to the bank and if it is a genuine case I don't see why the bank would not reverse it for you. Your liability is limited to RM250 but some banks (go back a few posts and the name of this bank will appear) will probably pressure card holder to pay up and take accountability. That's why it is important to only sign up with big name banks.
- Low credit limit means you have immunity to cc abuse ? Low credit limit means I don't have risk to overspend. Think again ... RM3K is money also and if suddenly people steal your credit card and slap you with a RM3K debt (and not RM10K) means it is small ? Like I said earlier, if you have a genuine case then no problem for the bank to waive it off. And if you have a problem (or fear of) with overspending then you should not be using a credit card in the first place. You should live with cash then if you don't have money then you won't buy anything, period.
- Wanting to buy something in installments is not an excuse to own a credit card. Those are debts and too many installments means you are living beyond your means.

To me CL is very individual. Some wants high credit limit and some are happy with what they have. I have a Plat card which I lowered to RM5K (from whatever limit I have initially) because the card benefits is only up to the 1st RM5K that you spend. I don't see why I need a CL higher than that and I have better CL with my other cards.

I had a scenario which I had a pay a RM25K bill (which I never thought I need to) and thank god my CL was enough to cover that or it would have been disasterous for me. At the same time, I still needed CL to pay for things which my second card provided for.

I once had a dispute which is valued at SGD10K and the bank cancelled it off for me. There were also the small occasional disputes and I had no problems getting the bank to cancel it.

Hope this helps to understand the role of CL a little. I kindof hate people thinking have high CL is 'dangerous', you may never know when you'll need it and if you can't control your spending then please don't sign up for credit cards. I have friends with CL lower than RM10K but every month pay nothing but minimum. (And complaints when the cc statement come and debt/interest so high) Banks are not charities, they are enterprises who are there to make money.

No need to ask or wait on anyone for this question. If you want to reduce your CL, call the bank ... if cannot bank will let you know right away.

This post has been edited by hye: Jan 10 2010, 11:42 AM

No. If your friend is not yet birthday then legally is not 21 years old yet. Minimum age to own a principal credit card by law is 21.

Quite true. @zeroexz story is probably a good example of a well organized cc fraud. I'll be keen to see how that story will end. OT, I find it rather weird that Maxis is unable to trace their logs unless the inside person actually took some additional efforts to change their internal logs as well. Probably harder to check who access the guys bank's information coz within the bank probably hundreds of people could have the power to view the personal details.

Well ... not to speculate on things and back to the main topic.