wan cut off all...

they are not really absorbing the tax, just that they reward you with more $$$ for your first swipe

It is called World Mastercard. Currently offered by CIMB Bank/Direct Access and MBF. The one by CIMB Bank/Direct Access doesn't require an invitation.

The one by VISA International is called VISA Infinite.

this one gif me free oso dunwan .... sometimes haf to c which bank issuing ... if u hold a visa infinite but get paliah service , i rather hold a classic card with good services.

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Added on December 28, 2009, 10:49 am

its juz not prestige , its already a norm .... yes it do offers something more like klia lounge , higher p.a , golf ... but if u dun utilise these , i dont c any special bout platinum ... i'd been using a few n now all downgrade to get better rebates ( which is more practical ) ... n for those who tot platinum hold higher CL than other cards , u r definitely wrong. it used to b , but now i cant say my SCB justone with a mediocre CL beats most of the plats out thr.

its all began with tht stupid UOB who launched One platinum , if not mistaken. everyone tot thts the plat n everyone go rushing to get them. then the other banks start to counter by offering real plats at gold card level. n now even some banks dun issue classic card anymore , its all start with gold card.

yep unless u got a visa infinite / world mastercard. u stil doesnt hold any special status recognition.

Problem is I have installments in with the bloody PBB credit card. First time heard Gold & Platinum have RM 5k below credit limit. For my case, each level of the credit card got upgraded, it is at least RM 10k extra credit limit.
The thing is PBB has one of the lowest income requirement for Platinum & I believe CIMB has the same or higher requirement. Somemore I pay promptly & no bad records in CCRIS or whatever. I don't see any reason for rejecting my request seeing this should be the time to preserve customers. Darn, thinking of cancelling but the installments also headache.
Some banks will impose a 'special' cancellation (pay in one short) charges on easy-payment installments. A few SCB officers told me about it. There is a fine line clause on easy payment transactions.

By the way, SCB also has the Visa infinite card now

Did Amex Plat Charge Card count as exclusive?

Hard to get and hard to maintain. 

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. 

Early this month i went to TAG HEUER annual sale exclusive for CIMB VI and WMC holders at plaza central, damn pack with people , so i guess its nothing exclusive for VI and WMC  .

However the offer discount over there is awesome , up to 70% discount and surprised Grand Carrera series gets 60% ! Quite a good deal .

I thought we measure the "exclusive" by how hard to get the card and the number of people who carrying it. This VI and WMC only for CIMB & RHB or SCB customer or what ? Because they are only by invitation right? I mean, how can bank possibly know your account activity if you are not their customer? Maybe Reventon can advise? Did he become a CIMB customer and deposit some amount of money? then only the bank will send you the invitation ?
I thought VISA Black card & Courts Mastercard was created to challange Black Card? 

Happy New Year!!!

..one of my wish is to know who's here going to be the first to pay the GST; it could be me coz i havent got reply on my Amex CC application huhuhu...

I have two also tied with CIMB VI cards , unfortunately , expired on yesterday. 
Happy New Year Everyone !

Happy New Year 2010, guys!

Happy payiing RM 50 GST to government. On top of that, nice gift from Malaysian government: Sugar up 20 cents, white bread up 10%, min floor price for ciggy.

i wonder if there is a bank curtesy waiver of the tax on high-volume cards. anyone with a turnover of around 50k p.a. per card tried to get a waiver from their bank?

didnt say premium.... only saying high

i took 50k cause this means profit to the bank from charges is around 1-1,5k (2-3%). so with this kind of turnover it *should* be worth keeping the customer and pay RM 50. even if you discount the points value and cash back and other costs - this would be maybe 800RM tops and the member would still be profitable right?

just wondering ...

refer page 1 post #1

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Added on January 8, 2010, 3:53 pm

let me try that when my SCB JustOne "anni" in 03/10

Bro, care to enlighten us which bank is this?
since u're telling the truth, no harms done in revealing the bank's name.

OT: Another reason y i dun use overcharged maxis service.

@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.

Ok this is a very subjective question but generally, what's the starting Credit Limit bank usually gives to a Visa Infinite or World Mastercard cardholder? Is it 100k CL?

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.

@Gen-X,
I'd been bz; dad had a fall and had to go for an operation; he's recovering well now but physio 3x a week so I'd been bz chauffeuring him up and down. Also recently took VP of the property I purchased in 2007 so been bz thinking about kitchen fittings and all; plus house shopping for yet another property *oopS*

Will be more active from now *smiles* but I've really lost touch with the CC world.  I also have no incentive to stop my CCs for now because most of my CCs were issued in the Q3 so I figured I'll just stick with it till then

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.

@MilesAndMore,
It's a true story.  We weren't able to get our hands on our of the HSBC Premier Ang Pow packets last year.  The first time my mom asked about it they told her it wasn't ready; to come back the next day.  She did and then she was told it's not available.

Whether the mortgage officer believe me or not, it's entirely up to him but he did say he'll try to get us Premier Ang Pow packets this year! LOL.

@tgeoklin,
My earnings is nothing comparable to little; it's zero! Obviously I couldn't tell the Mortgage officer that

I did SMS in BUT I was late so I guess I won't be getting the damn TV [obviously that's what I was hoping/aiming for].  Ah well, will try again come 5th February *grins*

Eh btw.. what's the take with UOB on their CCs again?

enrich is malaysia airlines' frequent flyer's programme just like krisflyer to singapore airlines. you may use the miles you accumulated to redeem for free flight tickets or upgrade to better class i.e business or first class.

1000 enrich miles can't get you much, most redemption are in the 5 or 6 figures.

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Added on January 14, 2010, 11:27 amtgeoklin, you have world enrich mastercard with 300k CL?

By any chance other banks are offering you similar CL?

I see, meaning in this case you don't apply using income documents but use your deposit strength in the bank is it?

1M for the tycoon? Wow. what bank is that?