The Star Front Page - existing card holders RM50 tax imposed on anniversary date of card. New card pay up front. Confirmed by Second Finanace Minister.

Mind posting the amount in Rupiah and RM? Also the posting date for the transaction. There is a 1.5-1.9% diff from the numbers you posted above.

based on the above posting dates and forex from http://www.oanda.com/currency/converter/

Exchange rate on 11-11-2009 1IDR = 0.0003598 MBB rate 0.0003658 or 1.65%
Exchange rate on 12-11-2009 1IDR = 0.0003601 Alliance rate 0.000373 or 3.56%
based on exchange rate on 11/11 and 12/11 SCB about 2%

Yah Alliance rate damn high for your case.

For me case where transactions was in USD months ago, MBB rate lower than Alliance but Alliance lower than DA. HSBC and UOB.

Guess David83, if you reading this, better delete the Alliance - NIL as it is incorrect - my bad.

yah lah, you right i swapped the posting , me blur lah but the forex is correct

it should read

Exchange rate on 12-11-2009 1IDR = 0.0003598 MBB rate 0.0003658 or 1.65%
Exchange rate on 11-11-2009 1IDR = 0.0003601 Alliance rate 0.000373 or 3.56%

well, go apply for CIMB or DA and get 0% BT for 6 months. The longer she waits the more interest she pays.

Well if you paid full you would have been rewarded RM70 instead of RM45 So in actual fact you lose RM25 lah. The bank happier to have customer like you


you sure boh? Its the law that you have to pay RM50 next year for each principal credit card.



This hazairi reasoning and comments usually are mind bongling i.e like he said bank will go bankrupt; whereas in actual fact he's making money for the bank.

This post has been edited by Gen-X: Dec 23 2009, 10:44 PM

CIMB/DA now gets you 10% discount at starbucks (till 31/12/10) and additional 10% rebate on Saturdays and Sundays (till March 2010).

It is not a good move to charge RM6,399 and only pay RM500 a month as you be imposed high interest charges of not less than (depending on your tier) 13.5% (PA) or 1.125% a month on the outstanding balance.

Example of interest charges

First Month (RM6,399 - RM500) x 1.125% = RM66.36
Second Month (RM6,399 -RM1000 + RM66.36) x 1.125% = RM61.49
Third Month (RM6,399 - RM1,500 + RM61.49) x 1.125% = RM55.81
Fourth Month (RM6399 - RM2000 + RM55.81) x 1.1.25% = RM50.12
you go do the rest, I lazy........ interest will continue until you clear all outstanding amount (including new transactions).

It is not a wise move to buy your computer and having interest charges.

Better move is to charge the RM6399 and then convert it to Flexi Payment with i-Plan, click link below:

http://www.cimbbank.com.my/index.php?ch=43...k&tpt=cimb_bank

If you opt for the 10 months plan, you will be charged an interest of 3% for the first month only and subsequently no more assumming you pay the amount due in full.

Eg, RM6399/10 months = RM639.90 per month for 10 months. Interest 3% = RM191.97

First month you need to pay RM639.90 + RM191.97 = RM830.97
and subsequent months (2nd-10th month) fixed at RM639.90 per month

Having said the above, I strongly advise you to reconsider getting a cheaper computer and not get the Mac you want as you can only afford RM400 a month.


me too got preapproved Citi Gold couple times but I stuck with my Clear Card and credit limit like yours.

Citi Plat cards do have better benefits but as far as Status is concerned... is more like syiok sendiri lah. Anyway good luck in getting your Plat.

You are right, getting a platinum card from certain banks do have better service (i.e. Platinum line Tol Free and faster response - not applicable to CIMB and DA, haha) and higher travel insurance and some offer PA overseas, complimentary green fees if you play golf and purchase protection (where you purchase an item and the item damaged or stolen).

Welcome back Bro (member of the most exclusive charged card in the world). Aiyah, you should like me run in your new sport car engine before your left

Bro, need more details on above,

1) Did you write in or email them or return the card to the branch to have your card cancelled?
2) How long after you cancel the card did HLB contact you and made you the offer?
3) When will they credit the 10,000 points?
4) Name of the person who called you and do you have his/her contact No.


Would late payment be stated in the CCRIS report? IF yes that is bad as the report will state late payment and no mentioned if you pay in full or not.

This post has been edited by Gen-X: Dec 28 2009, 07:49 PM

Many banks increasing CL of their cardholders. So far UOB, Citibank and HLB have increased my credit limit this month.

Anyway, in your letter stating increase in CL for your HLB, did the same said letter mentioned that if you are the first to swipe RM15K you win a Rolex watch and first 50 cardmembers to swipe RM2,000 get 20,000 points?

you sure boh? go back to V8 and do a search, Citibank may make you responsible for these charges.

yes you are right in a way where for fraud cases your liability is up to RM250 but BN does nothing, in V8, it was mentioned that person went to court and the judge fixed the liabilty at RM250.

Both if you should go to V8 and read more on this.

This post has been edited by Gen-X: Dec 29 2009, 11:13 PM

thanks for info, must check with HLB on the 7000 points


Thanks for the reply.

Reason I asked is because when I called them to clarify if the winner is based on time the card is swipe or based on posting date, the CS rep told me based on posting date and the contest is for qualified customer only.

Since it is based on transaction date guess I won't charge the card and on 12.01am as posting date can be up to 2 days later.


haha, now you can own 2 plat cards.

how about annual fees for next 2 years?

---

Added on January 9, 2010, 11:40 pmBoy, did you read the first page?

I will assume you have AMEX Gold CC. I don't have SCB so can't comment but do check if their annual fees are waivable.

Benefit of Amex Gold CC:
1. 5X reward points for petrol, MPH & Borders and groceries or 2.5% cash back (if redeem 200 MR = RM1). However can't use at Petronas.
2. 2X reward points for other transactions. This itself give you unlimited 1% cash back if you convert points to cash.
3. Tol Free CS line
4. Membership reward points no expiry.


Benefit of CIMB/DA Mastercard (forget about Visa) for now. Go to their website as hye mentioned lah.
1. 2% cash back at ALL petrol stations.
2. 0% Interest for Education, Hospital and Insurance Transactions.
3. 0% Balance Transfer for 6 months vs. MBB/AMEX 3 months
4. Saturdays and Sundays cash rebate at KFC, Isetan, Bonia, Guardian and Cold Storage.
5. Can use at places where AMEX not acceptable
6. If you have their World Mastercard, free coffee at DOME

Cons of CIMB/DA
1. No TOL free line for CS, so you pay for the calls and usually DA got to wait longer.
2. Redeem voucher got to pay for courier charges.
3. Reward points have expiry date.

I am going to cancel my MBB Petronas Plat soon since I have Mesra Card and DA have extended the 2% rebate for Petrol.

This post has been edited by Gen-X: Jan 9 2010, 11:40 PM

Last week I called HLB CS and told them I want to cancel my HLB Plat MC. Actually, over the years, I have been happy with HLB Customer Service and my CL is 6 figures but due to lack of promotion and cash rebate offers, I have not been using my HLB card for months.

Today got a call from their Card Cancellation Department representative and I must say I am very happy once again with HLB CS. The representative offered to credit to my account 20,000 reward points. Now since I have been holding the card prior to 2008, I only need 7000 reward points to offset for the RM50 tax; therefore, HLB is giving me extra reward points of 13,000!

After I happily accepted the offer, the representative then called me again and informed me that HLB will automatically for the next three years waive my annual fees! Save me the hassle to call them for the next three years

Having said the above, I have no reason to use HLB card as there aren't discount for HLB card at most places I do patronise except maybe now Canton-i can get RM10 voucher when spending above a certain amount.

As for UOB, last month I accepted their offer to swipe 3xRM100 within 14 days to get Smart$ points but it was not reflected in my statement this month, so called CS and was told it would only be credited during my anniversary month.

tinkerbel: where have you been hibernating last few weeks? Good you are back.

hope you don't have to reduce your CL to RM1K like tgeoklin when you applying loan for next property

Yah, the RM50tax at anniversary date give us sometime to consider... also give banks to reconsider how to keep card holders by giving them a carrot (like HLB Card in my case) as many are still cancelling their cards.

yah, redeem it now as you still have a month.

I agree Last month wanted to cancel my Citibank and had some point there so when to coffee bean to finish up the points. But since the government tax won't be applicable to my Citibank until December this year, keeping the card for now.

For HLB case above holds. Got my statement for this month with annual fees but no mention of RM50 tax. Called CS and was told my annual fees in process of being waived and RM50 tax not shown in system yet. Good news is bonus points of 20,000 for keeping the card is shown in system

well, if you could elaborate more on where you spend your money then we can maybe give you some suggestions.

Anyway, when considering for your next card, do look into free annual fees for life since you'll be paying RM50 tax yearly for every credit card you have.

well,Alliance do state that Plat got 24 hours but it is bullshit, the representative can't help you much when calling them late in the night.


Well MBB Petronas only give you 5X Treat Points at Petronas whereas MBB Ikhwan Amex Plat gives you 5X Treat Points at ALL petrol station and 2X for other transactions. If you are a non-muslim, Ikhwan cards can't do transactions that are against Shariah principles e.g. cannot use the card when go clubbing or go to non-halal restaurants.