Well ... once in a while we will get these silly questions. And of course, they will not be happy with the honest answer that we give.
Perhaps it is better just to either ignore these questions or allow them to get the answer direct from the bank itself.

Now for the last time ... full settlement of your cc debt is NOT negotiable with the bank for lower interest.
CC debts does not share the same equation as your regular bank loan (or any other form of loans) where it might be negotiable.

The only time where cc debt repayment is negotiable is when you have been blacklisted by the bank for being a defaulter. At this juncture, you will find it difficult to get any other loans from any other banks because of your blacklisted record.

Now ... is this enough motivation for anyone not to ask for a discount on full cc settlement ?

This post has been edited by hye: Jul 5 2010, 12:08 AM

Seems that my JustOne rebate has been reset.
Tested with 1 transaction and I had the rebate credited back today.

I had my Astro bill paid via JustOne a few days back. 2-3 days later the rebate went in.

Let's put it this way ... your application is not the only application in Malaysia that they received. They are also processing other people's application. If already at this stage the bank is already giving you problems, what make you think they would be better later once you get your card ?

On JustOne ...

No point elaborating about the card because the bank stopped issuing the card for new applicants for 1 year +. Existing card holders have confirmed the rebate has been reset (including myself) means the bank is still continuing the program. However, SCB in the past have terminated the "Character" cards program means there's always a possibility the bank will terminate the JustOne program too.

Likely the bank did not want to continue the tie-up with Warner Bros because they have to pay royalties for the use of the Warner Bros character. (e.g Batman, Tweety Bird) It was this program that finally SCB had grew their card base significantly.

@ jack2 .... I understand what you meant but it is not the card no longer in issue but the bank stopped issuing the card to new applicants.

Card upgrade ... ? Unlikely ...
Instant approval more likely means that you apply and get a "temporary" card which you can only use to buy things inside the fair. Physical card will arrive much later on. Without fail ... too many people come to this fair every year ... so the chance you will the card on the spot is low.

I think you can go in without MBB card (not so sure) but what's the point ? You cannot buy anything there with a MBB card.


MBB World Mastercard offer for every RM2 local spending or RM1 overseas spending for conversation to Enrich Miles is rather attractive but I will hold further comments as I have never been impressed with MBB's handling of the CS. I guess they will initially offer their internal top tier clients these cards which are more likely to have loyalty to MBB.

Yes .... I agree this places the card in competition to SCB's VI (PB customers only), Citi's PremierMiles card and CIMB's Enrich WMC. (Based on airline miles redemption scheme) RHB's VI nor MBF's WMC has never been attractive to me.

This post has been edited by hye: Jul 8 2010, 07:00 PM

Likely No. Temp CL increase last for only 30 days. Likely when you attempt to do the installment plan, the bank's computer system will only recognize your original CL.

Please don't get upset but in your scenario, I'd advise you to rethink seriously about your purchase as you may be spending beyond your actual means judging by your low CL vs. item value. Please don't build debts this way. (Do accept my advance apology)

@orzpengy

I did not judge others and I offer the apology in advance in case I was wrong as I am aware that I have incomplete information.

I saw many of my friends fell into credit card trap and never recover and if you are doing well then OK. And I do not want anyone to fall into this trap as well ... better to take bitter pill (or in your words feel hurt) now rather than suffer from debts for years and years.

Still I offer an honest and straight forward advice coz I don't want to beat around the bush about money. I never said anything about anyone earning low or high salary so don't add words just because you are upset. (Check my post for any mention about salary or I said anything about inability to pay your debt) In emergency, cash in hand is important but you need to have a clean debt position.You forgot that debt will eventually deplete your cash.

No need account can register for Citibank card. (Off topic) Actually if you want to open an bank account in Citibank, the bank need to be "comfortable" with you first. Eg. If you have a credit card with them for several years then it helps but if you have no previous history with Citibank and want to open an account with them ... probably the bank will say no.

Actually the local banks also do this to you but you don't realize it or see it so much.
Historically >90% of the population who has a Citibank card does not have an account with them. Go back to early 2000 or before that ... Citibank was "THE Card" to have. Local banks doesn't stand a chance against them. And I believe they still are the largest card issuer in Malaysia.

We caution you that not all banks accept cancellation over the phone. (e.g HSBC accept over the phone cancellation)
I still prefer using letter + fax as the fax provides a time/date stamp that your phone call would not be able to provide. So in the event the cancellation is not done / problems materialize, you have documented proof of when you sent in that cancellation.

If you have online banking and linked to your card ... use that as an indicator that your card has been cancelled or not.

The bank will say who are you to request for the notification that the cc has been cancelled. Probably 1 or 2 banks will be able to (auto) generate this letter. You could ask CS and they will say noted down your request but whether the letter will be generated is another. These letters have the banks letterhead and of course issuance will be controlled - they won't just create a letter just for you alone. Like I said .... who are you to the bank.

I'm stating an honest remark.

This post has been edited by hye: Jul 10 2010, 06:20 PM

Yup ... that's the spirit. Credit card preference is very personal actually. What work best for one may not work well for others.
Good luck and use your cards wise and well!

Just received my PremierMiles card today.
I must say the card look sleek in (I think) Jet Black. Finishing similar to the Platinum Cash Back card.

From the brief moment I had the card, there's a possibility that the card is a fingerprint magnet. Card also comes with Priority Pass facility for 2 visit free (per year) and subsequently RM90 per visit. Access to the Plaza Premium Lounge in KLIA is also free. Free Hertz #1 Gold Club membership.

Got a few more privileges but it doesn't attract my attention much.

Overall I like the design. Not flashy and sleek. Card is functional to my needs (AirMiles)

This post has been edited by hye: Jul 12 2010, 11:40 AM

I noticed that lately all the Platinum card products do not look "Platinum" already ? First it was Citibank Platinum Cash Back and now HSBC Advance Platinum seems to have follow suit.

Oh yes ... this I gotta agree with you! I still uphold my criticism of the Premier's MasterCard design.
The upward shift in cc offerings I gotta partly hold the RM50 gov service tax for doing this. Market got competitive as many shun away from holding multiple cards. Banks just do all sort of things to spur cc take up. As a result (among others) you also see Platinum and Gold cards with incredible low CL.

These days ... I will go with cards which give me what I want. I don't mind downgrading my card type.

This post has been edited by hye: Jul 12 2010, 05:53 PM

Thanks @David83! You put that statement into it's actual perspective.

1. For old cards = when your card anniversary is up.
2. For new cards = immediately the moment the card is approved. In fact you should be seeing it 2-3 days after your card account is created.

No escape unless you don't use credit card at all. If one think can escape by cancelling old card and reapplying ... sorry ... new card will be charged the RM50 immediately the moment the card is approved.

This post has been edited by hye: Jul 14 2010, 02:28 PM

I don't think so. This verification is to ensure that the application details are right prior to the cc application approval -> cc account creation -> cc card creation emboss and send to you.
CC activation means you have the physical card already.

Well .. actually it depends on your comfort level. That's why you are being rewarded because it's self service.
If you use the sales staff, they are being paid by the application - so you don't get the reward coz they do!

If you are asking for auto upgrade just because you tell the bank so then it won't happen.
Submit your income documents ... B&W is indisputable. Again, it is an application to increase your CL so don't expect banks to just auto upgrade to a certain RMxxx just because you submit your income documents.