Call them at odd hours e.g late night or very early morning as some forummers have reported better results @ that time.

The problem with that it is not something that is recorded in B&W from the bank. Whether points transfer request is successful or not is purely up to the discretion of the bank. So one guy was successful doesn't mean the next will be coz it is not officially written in the bank's T&C.

What is written in most cc's T&C, is that points rewarded valid so long it doesn't expire and/or the cc account remains active.

Yes ... DA points last for 3 years.

@cantona7

Your calculations may be spot on but the problem is that nobody could confirm what is the exchange rate (and method of calculations) that each bank is using to determine overseas expenses.

The previous forummer actually performed a few transactions using different cards but swipe at the same date (of course slightly different time) and same value. Surprisingly, the converted value in RM differs and proved that MBB is lower than DA although theoretically MBB should be higher.

I mean just take it as it is ... coz credit card is all about convenience and security. If you want it any cheaper then use cash. Bear in mind in forex conversions it's either the money changer or the bank stands to gain from you - you can't run away from it. Even debit cards are subjected to forex conversions when used overseas.

Yup ... you took the words right out of my mouth ! Couldn't have said it better.
Guess I have a very long winded way of explaining things.

Don't lah bully that guy. Well for Citibank it can be quite fast, just give them a call tonight or tomorrow morning and it'll be sorted out. And once they have already deducted your points (which will happen before you get the item), it's about safe to close the card.

You save the effort of not having to make that trip for the TnG reload, that's all. Even in Singapore auto reload of the TnG equivalent is not free. For me I'm against the idea of not having access to the last RM50 of your value as the card reloads itself by then and the RM2 fee.

The fact that Rangkaian Segar keeps the money until we use the card and they make money everytime we use the card makes me upset. In Singapore, the MRT fare is cheaper if you use the card vs single fare tickets. In Hong Kong (Card is called Octopus), you don't pay extra when using the card unlike here 10% extra when used for parking. Over here ... the only benefit is convenience and being able to zoom (sometimes makes no difference) through the TnG or SmartTag lanes.

OK now ... already OT already, back to credit card. If you ask me ... don't take the card at all and be a smart consumer. That way banks and TnG will be more careful if their products are not well accepted (or worst boycotted) by consumers. Problem is that Malaysian consumers are weak but thank god I think a lot of people cancel their credit cards till banks like CIMB have no choice but to aggresively retain their consumers through 'carrots'

This post has been edited by hye: Jan 14 2010, 10:11 PM

No, Alliance bank online system does not facilitate the use of their credit cards to pay bills.

This post has been edited by hye: Jan 14 2010, 10:42 PM

If you can achieve that, I don't mind working for you for 10% of your income. Emmm ... 5% also can consider.

Got .... especially if you are a CIMB card holder. Most of these programs are in stealth mode coz if made public ... some banks will complain to BNM like what happened to UOB. I think banks should be given a free reign on how they want to run their business. Gov only wants the RM50 bucks so long the banks (often out of the consumers pockets) pay them, they should keep themselves out from the commercial markets.

These matters want to meddle but other subjects like national security, oil prices, renegade taxis (especially in KL), illegal workers are not thought through well and you don't see them meddling very actively.

This post has been edited by hye: Jan 15 2010, 04:00 PM

The online system allow you to check history of your transactions/payments, points and credit limit. No PDF statement generation like Citibank/SCB and no online bill payment system like Citibank and SCB.

Not necessarily. CL upgrade actually depends on many factors but so happen CIMB is one of the major targets for card cancellations no choice but to use it as customer retention tool.


Err ... what's wrong in paying in full every month ?

It is just a perception and I think part due to the foreign banks marketing impact. You see they will always say ... "Our brand is well known internationally" vs local banks which has limited overseas visibility. Again ... there are times you need these foreign bank cards are well coz the foreign cashier might give a look if you use cards which they are not familiar with.

Generally you should have no problems with your card so long they carry the VISA or the Mastercard logo.

This post has been edited by hye: Jan 16 2010, 02:31 PM

Yes it is .... what makes you think it is not a credit card ?

Hi Joey ...

Interesting thoughts you have there. Well IMHO, I don't think CL and credits cards are solely to blame. I mean many can't resist the urge of credits. If you think, Malaysians are solely to blame then countries such as South Korea also face the same problems.

Way back then credit cards were harder to obtain but now with just an annual salary of RM18k per annum, you can get one. And many obtain their first credit card under the pretext of needing to travel, petrol or 'emergency' use. It's the education that's important ... even my friends have the same problem, some of them are even afraid of having RM50 in their wallets.

This post has been edited by hye: Jan 20 2010, 10:28 PM

I was about to say that as well. Frankly I don't see why @Bakmoi need more than 1 card let alone 3 cards.

@Bakmoi you need to decide whether you want the fuel rebate or points. Given now you need to pay RM50 per card, you need to choose wisely. Whether or not a card is good or not ... it's up to the individual main purpose of using it.

The access to the lounge in KLIA is limited to a certain number of pax per month. It's hard to say but roughly by the middle of the month the quota are all used up already. Quote will run out fast especially now got the same lounge privilege over at the LCCT.

Privileges for Gold and Platinum card holders are different and they are tied to your lifestyle. You want Platinum privileges ? ... you need to spend like a Platinum holder as well. E.g Hotel discounts for suite rooms vs. deluxe or normal rooms @ hotels.

No big deal as a Platinum card holder now as many has it and bank use this to get more AF from customers as well as a tool for customer retention.

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Added on February 4, 2010, 8:34 pmI'd advise you to advise yr dad to stop using yr card for now and clear off the CL before you get deeper into cc debts.

This post has been edited by hye: Feb 4 2010, 08:34 PM

Service are applicable when card is approved. New cards will be charged immediately in your statement.
If you are given 2 cards without your consent, call CS to cancel the 2nd card. If they refuse, you can report to the BNM or police for fraudalent use of your IC details.

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Added on February 7, 2010, 3:31 pmIt's anyone's guess. The rebate system is offered by the bank and don't have any tie-ins to the petrol companies. I'd suggest to be prepared for removal of this offer as well.

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Added on February 7, 2010, 3:35 pmNot really. If paid on time then only the RM90 will be subjected to interest. Late payment charges will be applicable if you paid after the payment due date.

If paid late = (RM90 + Late payment charges) + interest (based on the 2 earlier element)
If paid on time = RM90 + interest on RM90 calculated on daily rest based on roughly 1.5% per annum.

This post has been edited by hye: Feb 7 2010, 03:35 PM

I don't care so much about late payment charges coz the larger impact is your financial history that is being kept by the banks. If you are late, it will be recorded and shared across all banks. If you are a habitual late paymaster, be prepared for the consequences as you attempt to obtain financial products from other banks.

Yeah ... I don't tolerate such nonsense as well. Often it is the work of a desperate agent trying to meet quota but such maneuvers spoils the bank's image along the way. I had one experience on this and the bank took action against their own cc agent.

Still ... consumers need to be aware of their own rights and not so blindly sign up for 2 cards just because it is free. Well with the RM50 service tax imposed per card, I think this will be less of a problem.

It is correct. It is called "Trailing Interest" ... what happened is that interest will be calculated up to the point that full payment is received. (If you have any carry forward balance)

So you will still see a little bit of interest being charged to your account even after you do a full payment.