Do highlight as well that you need to inform the bank as soon as possible that your card is lost or fraudulently used. Don't wait to block your cards if you do suspect your cards have been compromised.

Your age doesn't qualify you to own credit cards yet. What intentions do you have with credit cards at the moment ?

Gentlemen

The whole idea to pay on time and of course by doing so, avoid the additional charges. I don't think it's wise to send a signal here that you could get away with late payment by threatening the banks. Sometimes you may genuinely forget to pay but still ... please accept that a mistake has been made.

Yup ... very hard to approve.
It is the same situation if you are applying for a credit card in most countries as a foreigner. Not only in Malaysia.

So what else do you want this card to do ? Be realistic, there's a limit to everything. I find it amusing ... requirement too high then complain, requirement too low then complain also.

Note the Signature series places this card above the Platinum card but below the VI.

Please do not have the mentality that high CL is just useful for stacking debts. You shouldn't be stacking debts with cc in the first place.
High CL is very useful for frequent overseas business travelers. Are you aware what is the price of a hotel room in Japan, Europe (or even Taiwan), they can go for about RM1K or more per night. The Al-Burj in Dubai is a few thousands per night.

Then multiply that by the number of nights that you stay and your basic expenses such as food,etc -- don't you think you need the high CL?
Of course there are many reasons that you may need the high CL but certainly not to stack debts. If anyone is thinking that way then please do not use cc.

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Added on June 17, 2010, 6:28 pmDear ... This card is a class above TRUE Platinum. If you want class then only those qualify can own. If everyone qualify then where got class already.

This post has been edited by hye: Jun 17 2010, 06:28 PM

I have this problem too, you are not alone.

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Added on June 18, 2010, 8:34 amI think you better correct your mentality about cc. You kept on equating it to stacking debt.

This post has been edited by hye: Jun 18 2010, 08:34 AM

Relax guys ... let's not turn this thread in the wrong way. We have actually discusses complimentary cards CL some time back and please ... the information comes from reliable sources and not ... "Oh my friend say ... " or "I heard that ... " kind of information.

Yes ... I can affirm that SCB PB VI cc CL starts around RM30K-40K. HSBC Premier starts @ RM30K. You may argue you put in lots of money into the bank but I can assure you that the bank will say that the CL is not given on a 1-1 basis. (yr money <-> CL) Actually the CL is very pathetic. Now ... RHB does issue the VI but you need to have RM1 million is deposit. Don't believe me ... go to the branch and open a PB account with RM200K. The complimentary card issued is a Gold card! (although you deposit RM200K)

Anyone can call all the banks in Malaysia (foreign and local) and ask their PB section what sort of CL do they give to their PB customers. And I will tell you get ready to be surprised.

Confirm ... SCB PB requires RM250K and not a single cent less. Anyone who felt it is RM200K, please go to the bank with RM200K and do belanja us if you could open a PB account with RM200K in SCB.

Now as per the argument about RM1K for Platinum card. Yes ... it can be done and in fact I have lowered my CL to RM3K for a Plat card before. I did ask about the lowest limit and it is RM1K. Normally this is done @ the request of the card holder - banks won't be that low to issue you such a low CL to their Plat range. The lower entry for a Plat card is another story altogether ... still if you just meeting the requirement, I don't see how possibly the CL can be lower than RM5-6K.

It's a trade off between perceived "status" and CL. If your income level is not that high, don't you think banks will be vary to grant you a high CL? We went through this discussion on this balance between CL, card status, and income level repeatedly. Many want high CL not realizing the potential danger of high CL if personal discipline in using credit card does not exist.

You know I risk of being flamed ... but credit card is a powerful financial tool if used wisely. I have great concerns about the maturity of cc users if they kept on asking about getting high CL, upgrades Gold-> Platinum, EZ payments and of course someone remarked about it being a debt stacker . Consumers need to understand how to use cc and use it wisely.

This post has been edited by hye: Jun 18 2010, 09:43 AM

Honestly, I didn't do anything. I had made calls to their CS a few times before and they were giving out unclear answers about the rebate.
I didn't want to waste my time making phone calls and not getting any result. It's very confusing actually ... CS said I can start using my card in June and that's when the rebate resets but my card anniversary is in October. I already tested it with 2 small transactions and no rebate applied.

Anyway ... I think my Citibank's Cash Back card is coming in soon I think ... an alternative solution.

Yes ... that should be about right.
Do note that you need to be careful about how your manage your monthly cc payments. If you don't pay in full every month then problems will slowly materialize. Read up our previous discussion on the payment priorities that bank practices on cc payments.

Plus ... just to add the CL is not combined limit is you have pre-existing cards with them.
And ... the (MY) HSBC Premier card is supposed to be their top of the line card but please note that privileges wise, it is exactly the same as the HSBC Platinum. (Nothing extra)

Totally agree with ya.
Even 10 years ago, you practically have to sweat it out to get even a Gold card. Platinum cards are dreams that you really have to work hard for and cardholders are well respected as you know they earned it.
Nowadays .... Gold cards are almost entry level. Platinum are no big deal. Yeah ... I agree the RM50 govt tax are a big bummer as they practically bring new card applications almost to a halt once customers consolidate their cards. You can't blame the banks for doing all sort of things to attract customers.

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Added on June 19, 2010, 3:22 pmEmm ... then I better e-mail the bank as well to seek clarifications.
JustOne without the rebate is .... better cancel the card then.

This post has been edited by hye: Jun 19 2010, 03:22 PM

No I have not. Probably coz it's not my card anniversary yet.
Just email the bank and asking for clarification on the JustOne rebate system. If they officially not going to continue giving rebate then I don't see any reason to hold the card anymore.

Hahaha .... not really my friend.
SCB CS uses a queuing system and that number that they provide you basically allows you to "jump" queue only.

I am aware that my card anniversary is not there yet but I called the CS to ask and they told me rebate reset in June.
Not really complaining but CS should be more well informed and I'm rather surprised they sounded poorly equipped to mange this question.

Bro @Centurion

Don't expect too much la. I don't much of a problem regarding the dedicated phone number unless you need to call Citibank everyday or every hour.

50% shared CL is also not a big deal ... I mean do you use all of your credit limit every month ? I'm quite sure even for a normal person with presumably low CL ... hitting 50% your full credit limit is also a challenge. (Unless one load so much debt into their cc then this is another story)

They already stated upfront that cash back will be credited once it reaches RM50. It is stated in the website, email and form - unless one did not read the T&C.

This post has been edited by hye: Jun 20 2010, 11:32 AM

Finally got my Citibank Cash Back Platinum today.
- Card feels lighter that conventional cc but doesn't affect the usability of the card.
- Design wise ... look like someone printed the card using a laser printer. (or feels like it) Personally I like the design as I am bored with the usual Platinum card design which is basically a souped up silver card look.
- The credit limit is half of the full credit limit but I have no issues with it as I hardly use the CL anyway.
- I have no complaints besides that ... this card give a possible alternative to JustOne (Should JustOne no longer apply its rebate policy)

The easy way out is to just get another card. That should hypothetically double your CL.
There's no need to rant about MBB (or any other bank) not giving you a higher CL. If they don't want to give you then so be it.

If you don't have an existing card then the it comes back to basics ... 3 months payslip.
To the second question, it depends on the risk appetite of the bank ... companies which is deemed of better stability by the bank will more relaxed. (e.g If you are an employee of Shell vs. a small unknown company)

Just to add ... I personally do not normally subscribe to 2 cc from the same bank. Reason is if you intention is for backup purposes then it makes sense to have the secondary card from another bank than the same bank. However, if the merchant's terminal or the merchant's payment gateway is not working then whatever you do makes little impact to ensure payment does goes through.

If use existing card as referral ... card need to be at least 12 months. 3 months .... of course can't make it lah.
For good record ... not only you need to pay your bills every month (at least 5%) but to also pay it on time. Some people think it's good enough to just pay or pay on time any amount .... please don't make your rules. It is clearly stated in banks's T&C ... you need to pay on time and at least 5% of your bill.

If you apply a cc which has a high entry requirement and you can't make it ... it doesn't help if you are working in MNC or not. Banks will clearly state their entry requirements for their cc products. It is a bad thing also that sometime you'll see folks here saying their somehow 'bypass' that requirements - all I can say they got lucky and I'm quite sure not everyone will get equally lucky.

This post has been edited by hye: Jun 23 2010, 02:49 PM