Proceed from V9 http://forum.lowyat.net/topic/1264667/+2580

**Those wishing to get an agent to assist with your credit card application please post your request at the service noticeboard section as this section is about discussion on credit card issues and not for promoting or seeking agent.



Knowing your cards > http://www.bankinginfo.com.my
1. Visa
2. Mastercard
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. China Union Pay (中国银联)
7. Etc.


1. Annual fee
Annual fee free credit cards :
- CIMB Direct Access
- CIMB Bank
- American Express Green charge card & American Express Gold credit card
- Public Bank (**minimum swipes apply)
- Alliance Bank (**minimum swipes apply)
- UOB Bank (**minimum swipes apply)
- Maybank (**certain cards only)
- EON Bank (**minimum swipes apply)
- Citibank Choice (**minimum swipes apply)
- Hong Leong Bank Essential VISA (**swipe at least twice a month OR spend RM8,000/year)
- AmBank (**certain cards only)


2. Tap and Go - no signature required
VISA payWave
**Payment made via Visa Wave is limited to RM150
MAYBANK
- Maybank Islamic PETRONAS Ikhwan Visa Platinum
- Maybank Islamic PETRONAS Ikhwan Visa Gold
- Maybank PETRONAS Platinum Visa
- Maybank PETRONAS VISA Gold
- Maybank VISA Platinum
- Maybank VISA Wave

EON Bank
- GSC-EON Bank VISA Wave
- VISA Wave 'n Go
- Berinda Homes VISA Wave
- Johor Bahru City Square VISA Wave
- Penderosa Gold & Country Club VISA Wave

UOB Bank
- UOB ONE Card


MasterCard Paypass
**Payment made via MasterCard Paypass is limited to RM120
CIMB Bank
- all MasterCard

CIMB Islamic Bank
- all MasterCard

Direct Access
- all MasterCard




3. Credit Card linked to Petrol Giants
- UOB <> BHP Petrol
- Citibank <> SHELL
- Maybank/Maybank Islamic <> PETRONAS
- CIMB Bank/CIMB Islamic <> PETRONAS

**All range of American Express charge & credit cards give 2x MR/TP on petrol purchases except AMEX Gold credit card which gives 5x MR/TP. This applies to all petrol brands.


4. Standard financial charge (interest rate)
Tier 1 > 13.5% p.a.
Tier 2 > 16% p.a.
Tier 3 > 17.5% p.a.

Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.


5. Complimentary Cards
1) HSBC Premier - deposit and maintain RM200k
2) Citibank Citigold - deposit and maintain RM200k
3) Standard Chartered Priority Banking - deposit and maintain RM250k
4) UOB Privilege Banking - Opening deposit of RM300k with maintenance of RM200k
5) OCBC Premier Banking - Opening deposit of RM300k with maintenance of RM200k
6) CIMB Bank Preferred Banking - deposit and maintain RM150k
7) Hong Leong Bank Priority Banking - deposit and maintain RM200k
8) Alliance Bank Privilege Banking - deposit and maintain RM200k
9) RHB Bank Premier Banking - deposit and maintain RM200k
10) Public Bank Red Carpet Banking - deposit and maintain RM500k or a Mutual Gold customer with a total combined deposits of RM200k in savings/current/fixed deposits.


6. American Express
Charge card
AMEX charge card gives 2x Membership Rewards Points for all petrol purchases. This applies to all petrol brands. All other spending will also earn you 2x Membership Rewards points.

Credit card
AMEX Gold credit card
5x Membership Rewards Points for every Ringgit spent on groceries, petrol, bookstores - Kinokuniya, Borders, Times and MPH - and telco charges via Express Autopay - Celcom, Digi, Maxis and TM. 2x Membership Rewards points for all other retail transactions.

AMEX Platinum credit card
10x Membership Rewards Points for every Ringgit charged to your card at Platinum partners. Please refer to American Express MY for the latest list of Platinum partners. All other retail spending earns you 2x Membership Rewards Points.

Maybank Islamic Ikhwan AMEX
5x TP on petrols.
2x on all other retail swipes.

Link to AMEX thread: http://forum.lowyat.net/topic/547867


7. International Transactions
Transactions incurred will be converted to Ringgit Malaysia using US Dollars as the base currency on the date the item is received and/or processed at such exchange and at such time as may be determined by VISA International/MasterCard Worldwide at its absolute discretion plus administration cost which is to be imposed by the card issuing bank. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and the Cardmember shall bear all exchange risks, losses, commission and other bank charges which may thereby be incurred.
- Maybank VISA/MasterCard : 0.5%
- Maybank American Express with Maybank logo on top : 1.5%
- American Express : 2.5%
- CIMB Bank : 1%
- Hong Leong Bank VISA/MasterCard: 1%
- Public Bank : 1.25%
- Citibank : 1%
- HSBC : 1%
- EON Bank : 2%
- UOB Bank : 1%
- Standard Chartered : 1%
- OCBC bank : 1%
- Alliance : Nil


8. Credit Card Cancellation Letter



9. Cash Advance fees

Citibank: 5% of cash amount (min RM20), and 18% p.a. daily interest (N/A for Ready Cash)

UOB: The cash advance fee is charged to any withdrawal of cash made. This is imposed for each cash advance transaction. 5% or RM20, whichever is higher.

Maybank: VISA/Mastercard (Both Classic and Gold) | Flat rate of 5.00% of the total amount of cash advance | Min: RM10

CIMB DA: 5% of the amount drawn, subject to a minimum of RM15, whichever is higher.

CIMB: 5% of the amount drawn, subject to a minimum of RM15, whichever is higher.

HSBC:
The cash advance fee is 5% of the amount advanced or a minimum of RM15. Whichever is higher. This is imposed for each cash advance transaction
For HSBC Amanah Charge Card, cash advance is capped at RM1,000 per transaction and a fee of RM60 per transaction will be levied
For cash advances made over the HSBC banking counter, there will be an additional charge of the following:-
- RM50 on credit cards issued by local banks other than HSBC - RM20 on credit cards issued by non-Malaysian card issuers (including JCB)
- Cards issued by HSBC Bank Malaysia and the HSBC Groupare exempted from this charge

OCBC: The cash advance fee is 5% of the amount advanced or a minimum of RM15, whichever is higher. This is imposed for each cash advance/casino chips transaction.


10. Verified by Visa and Mastercard Securecode
Verified by Visa ---> http://www.visa-asia.com/ap/sea/merchants/...vbv_intro.shtml
Participating banks :
- HSBC
- Standard Chartered
- Maybank (MSOS)
- CIMB Bank
- Public Bank
- RHB Bank
- AmBank
- Hong Leong Bank
- EON Bank
- Alliance Bank
- MBF Cards

MasterCard SecureCode ---> http://www.mastercard.com/au/personal/en/c...code/index.html
Participating banks :
- HSBC
- Standard Chartered
- Maybank (MSOS)
- CIMB Bank
- Public Bank
- RHB Bank
- AmBank
- Hong Leong Bank
- EON Bank
- Alliance Bank
- MBF Cards


11. Balance Transfer: http://forum.lowyat.net/topic/1123346


12. RM50 Government Service Tax



13. Previous versions

Credit Card V2 Thread : http://forum.lowyat.net/topic/594906
Credit Card V3 Thread : http://forum.lowyat.net/topic/691229
Credit Card V4 Thread : http://forum.lowyat.net/topic/741933
Credit Card V5 Thread : http://forum.lowyat.net/topic/842676
Credit Card V6 Thread : http://forum.lowyat.net/topic/953666
Credit Card V7 Thread : http://forum.lowyat.net/topic/1069190
Credit Card V8 Thread : http://forum.lowyat.net/topic/1250745
Credit Card V9 Thread : http://forum.lowyat.net/topic/1264667


14. Useful information

BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here, page 123 has the guidelines. (Courtesy of tishaban) (thanks awaynoway for the updated link))

Credit information:
CCRIS: http://creditbureau.bnm.gov.my/
CCRIS report - go to Bank Negara yourself and use self-service terminal to get report with MyKard (you need to go as need thumb print).
CTOS: http://www.ctos.com.my/
BRIS: http://bris.com.my/index.html


15. FMB - Financial Mediation Bureau
http://www.fmb.org.my/index.htm


16. AKPK
- An agency set up to provide financial education, financial counseling and debt management
http://www.akpk.org.my/Home/tabid/36/Default.aspx

Link to AKPK thread : http://forum.lowyat.net/topic/876712


17. Other Links By Users
A blog about credit cards > My Credit Cards


18. Credit Card/Charge Card Reward Points
Validity of numerous credit card/charge card reward points
1) HSBC - up to 3 years
2) Citibank - reward points are evergreen
3) Maybank - reward points are evergreen
4) CIMB Bank - 3 years
5) Alliance Bank - reward points are evergreen
6) Standard Chartered - 3 years (**SCB VI Choice Points are evergreen)
7) American Express - Membership Rewards Points are evergreen
8) Hong Leong Bank - up to 3 years
9) AmBank - up to 3 years
10) RHB Bank - 3 years for Platinum and 2 years for all cards ranked lower than Platinum

This post has been edited by MilesAndMore: Aug 11 2010, 11:17 PM

About international transaction charges, so far it never appears in my MBB statement or perhaps the charges were added and too insignificant to be noticed. The exchange rates provided are still always better than their counter rate.

oh new thread
just 1 quick question ya
I just submitted my CIMB C.C application form
normally how long will it take for the bank to do the processing?

Mine is about 1 week then get the card d.

ah icic
thx

No problem.

TS,Standard Chartered Priority Banking should be deposit and maintain 250k instead of 200k.

bookmark

Any Hlb essential user? This card their cash rebate system is base on block of Rm100 is it? Last month i use Rm276,but i only get rebate of Rm2 only,why not Rm 2.70?
Any essential user mind to share your opinion?

Eon Bank takes more than 1 week to deliver the card to branch..how slow they are..but they sent me a statement for the GST..lol..UOB only take 3 days can get it on my hand..but currently no card to use due to waiting the replacement card from UOB..

Opps ! Keyed in the wrong figure when i edited the post. Thanks for pointing it out !

is cimb direct access cc good? what is the benefits of the DA cc compare to other?mind to share?thx

hmmm.. i'm gonna apply for my first card... which one is recommended arr? Looking for something which has annual fee waived..

I'm currently using Maybank and CIMB as my principle banks.. Can anyone recommend a card?

Reason for getting a card is so that i can build up a good credit rating ... aiming to get my own property next year.. easier to get loan with a good rating..

CIMB not bad ar! After you purchase something can convert it to easy payment

I agreed on this. Their i.pay plan!

Apparently, their 0% interest BT promo has been extended to September 2010.

Yaya! Application processing also quite fast.

Absolutely true. Within a week, it's done!

Therefore, strongly recommend raist86 to go for CIMB! cheers

hi bro, direct access can or not? thx

CIMB and DA have a higher chance of getting approved as compared to other giant banks like MBB.

Agree with you! Especially MBB. Always thought themselves is "High Class" Bank but the service quite lousy

btw, all the expert out there, talking about cards benefit wise, which card provide more "rewards" for shopping in overseas such as United States? thx

I think Citibank is the best in term of overseas rewards.

---

Added on May 7, 2010, 12:15 amor alternatively, maybe AMEX also a great choice for western country

This post has been edited by raymond1003: May 7 2010, 12:15 AM

Malaysian issued credit card ? Practically none.


It is not recommended to use your AMEX overseas due to the high admin fee.

but the rewards point quite high wo, plus the there are high acceptance of AMEX

the i pay plan from cimb good?

Yup, very good!

icic. got any upfront charge or 0%?

got it bro, thanks so much!

can educate me about this admin fee thing? i will get charged for each purchase?

i ask as i foresee will be spending quite alot in overseas 2nd half this yr.

it depends 1. If not mistaken, for normal purchase got 2% upfront. Not sure for how many months 1. U can check cimb website.

ok. thanks for the info.

Hope it helps la.

Not really. VISA and MasterCard have better acceptance in the US. AMEX is accepted mostly in those really big stores, just like here in Malaysia.

Yes. You can get 2x MR for each Ringgit charged but it is not worth it unless you are on a company trip and everything charged to your AMEX can later be claimed from your company.



You can refer to the first post of this thread. There is a detailed list of admin fee charged by various banks in Malaysia for overseas transactions.

Alliance Bank is so far the only bank that doesn't impose any admin fee for overseas transactions and you get 2x Timeless Points.

This post has been edited by MilesAndMore: May 7 2010, 12:38 AM

It is fine if you like the points. The admin fee is 2.5% on top of your forex exchange. You are practically 'paying' for your rewards, congrats!

This post has been edited by hye: May 7 2010, 12:39 AM

I see. Thanks for teaching me how to calculate. Else I will still using it like noobs.. hehe

How is the credit limit provide by cimb? issit high for new applicants?

just received a RM5000 cheque from Maybank Credit Card... 0% interest for 6 months (but 3.88% cash advance charge)

This post has been edited by ronnie: May 7 2010, 12:42 AM

Consider high if compare to other banks. Usually is 3x to your gross salary, even if you have other debts like car loan.

icic. but if i want to apply the direct access, it seems like the min annual income is rm30,000. if lower than rm 30,000 still can apply ?

Depends on how much lower la. I think around RM27k still eligible.

MBF cards will waive the 50 ringgit tax. I dont know if the offer is still on though, but their ads are everywhere

guys,

which cc is good for balance transfer other than eon bank?

Thanks.

Citibank got offer wo, forgot how much d, but quite cheap. Check it out.

oo .. i will check it out .. ..

btw, I just canceled my standard chartered cc today .. I went to SC branch and paid all the outstanding amount and return the card.

but I dont get any confirmation letter from them except a slip of payment remaining balance. Is that right?

They didnt said anything about it? any settlement letter or something? I'm not sure, never cancelled any card before

just want to ask why no one ask for ambank cc?

nope .. they just ask me to fill in the form and sign .. then they took it and took cc as well .. fill in the slip to pay for the outstanding amount .. that all .. I dont get anything except the slip i paid ..

Maybe it offer nothing?

---

Added on May 7, 2010, 1:17 amThen you better keep the slip, heard many cases that when u cancelled the card, it will not really cancelled it or something 1. beware oh

This post has been edited by raymond1003: May 7 2010, 01:17 AM

yup .. that is why I want confiramtion from here .. ..

I keep the slip but no confirmation on my card been canceled. not sure can fight or no later on .. I will check with service center lah later after a week .. ..

Good luck bro. Maybe you can try to login to online banking? See can login or not.

SCB may be the least popular cards around but they are not the lousiest in terms of CS. You have the slip already ... it is as good as you bank in the money yourself. The reason nobody responded is because ... not many has it (not popular) and those who kept it, do not have any issues with the card.

Please refer to the BT thread:

http://forum.lowyat.net/topic/1123346/+60#entry33256934

For DA cards, the foremost criteria is your Degree/Professional Certs, so unless your income is below RM18K per annum, still got good chance

---

Added on May 7, 2010, 8:37 amIf your preference is rewards point, then SCB VI is the Best option at 5X points for all overseas transactions. Further their rates are still way lower than Amex

This post has been edited by tgeoklin: May 7 2010, 08:37 AM

hey boss, cud u define professional certs pls? im not a degree holder but hav some technical certs, eligible for DA?

Nope, only Degree/Professional (Architects, Accountants, Doctors, Engineers, Lawyers) certs from Recognised Institutions/Body are considered. Advance diploma, diploma, technical certs are not eligible but you may apply for the regular CIMB cards

This post has been edited by tgeoklin: May 7 2010, 09:10 AM

Public Bank.


Not a big player. Same reason why you hardly see people asking about RHB Bank credit card.

hmm.. can't apply for DA yet.. cos my cert is still not out.. lol..

Submitted for UOB One card.. is it hard to get? I meet the criteria of 30k annum..

damn.just get rejected for my application
is it not advisable to apply in short time again?

not really..though u can still try other banks..since there is so many out there..no harm in trying..its the bank's loss for rejecting a potential customer..

but i read somewhere that if u get rejected,it is best to apply at next 3 months..there is no point to apply other bank because they will check/access credit or application record and they will reject u again without put a consideration :/

That is if u were to apply again at the same bank..i do doubt that banks track your application records with other banks..i applied for 3 banks,which got rejected..then instantly i applied for 2 banks..both banks approved my cc application..and it my first 2 cc..

unless of course if you got a bad credit rating..

oic..FYI i applying at oversea bank..so mayb the system not same with malaysia bank
i guess i will give it a try again
thx

unfortunately not applicable for CIMB Islamic CC. I'm using CIMB Islamic Petronas card ... enjoying rebates.

Sad to hear that. I'm not aware of this.

Thanks for pointing out.

oversea bank? meaning singapore? if singapore then you as a foreigner need to have a min annual income of sgd60,000 to qualify.
for example, here's the tnc from s'pore citibank:-

• You must be aged 21 years old and above
• Earn a minimum annual income of S$30,000 (s'pore citizen or pr)
• For foreigners, minimum annual income to qualify is S$60,000 (foreigner with s-pass, ep, pep, etc.)

This post has been edited by millenniummonkey: May 7 2010, 04:40 PM

sorry, i mean i m international student at ausralia..n there is student option credit card for me.unfortunately i get rejected because of my visa expired in few months time

lol seems like CIMB having alot of good ratings
i chose CIMB just merely because my company pay me thru CIMB
easier for me to pay up my hutang

Actually it's for the sake of conveniences. I got MBB CC for this sake of this purpose since my salary goes into MBB. Easy to make payment even tough I have DA with me.

Good ratings cause they're quite generous with their credit limit. Which can be a double-edged sword if you're not disciplined

I personally keep MBB Amex, MC DA & Visa cherry to collect points / get discounts.

seems like cimb quite good. always got promotion for their cards. some more the annual fee are waived. DA card good?

DA is free for life card; no annual fee.

wat other cimb cards is good? any cash backs?

Try CIMB Petronas Mastercard.

Anyone here try to convert DA Master to CIMB Petronas?

I don't think that even possible.

Slight add on to this info. For HSBC somehow they do track your application with other banks.
If you apply 3 cards at the same time and one of them is HSBC ... HSBC auto throw your application to the trash can.

CCRIS report from BNM shows credit application as well.

i just got my CCRIS frm BNM KL on thursday, but it does not shown credit application? how come?

This post has been edited by SeanChang: May 8 2010, 11:02 AM

CCRIS only show approved credit application.

So outstanding credit for credit card means our credit limit or our current balance?

Same question for OD facility.

Combined Credit Limit : 5,000.00
Combined Current Balance : 1,731.08
Combined Available Limit : 3,268.92

Can anyone can explain to me the Current Balance is what? How much I use or the credit I can use?
How about the the Available Limit?

Quite confusing for the terms..

It is not confusing bro .... if you use your card and aware on how much you have been using it, it is very straight forward.
* This bank uses the terminology "Combined" to indicate total credit / debit for all the cards issued to an individual by this bank.

Combined Credit Limit : Credit limit assigned by the bank to your card or multiple cards
Combined Current Balance How much you have use. A more straight forward word would be - 'Amount owe' Banks would not say it like this coz some customers may find this word offensive - so they use any other word/term which has the same indication 'owe to the bank'
Combined Available Limit : Available credit left for you to use.

This post has been edited by hye: May 8 2010, 12:16 PM

Guys,



Quoted from http://www.creditcardfinder.com.au/balance...edit-cards#best

Recently, I took Eon CC Balance Transfer to transfer balance from other bank. It is 48 months plan with 14.99% one-time interest. I have transferred about RM2000 to the card and pay monthly about RM42 (except for 1st month, pay RM300 for the one time interest).

I have a question here. If let say I use the card for a purchase worth RM100, and I pay RM148 before the due date, will RM48 goes to BT and RM100 to the purchase I made? Or all of them go to BT until I settle it?

Thanks.

They'll transfer the outstanding amount you requested for in the form by paying that outstanding amount to the bank.

wow, 14.99% one time interest
can't you get a better deal somewhere else

Wow ... that slipped from my vision. 14.99% is so high! Goodness.

14.99%?...wow..thats.....alot...try other banks..

they should settle your bt first..

Just to comment on this. Whenever you apply for CC (or other loan facilities), a record will be put into your CCRIS with status like "Pending approval" or something. I knew this becoz last time when I went to BNM to get my CCRIS report, I saw my-then-pending credit card app from EON Bank with the credit limit shown.

Obviously if your credit card is approved, the ccris will show this as your loan facility. If not approved, the record will be removed in the following month. So it's possible for HSBC to check from your CCRIS how many credit card apps you've pending for the current month.

It is actually 14.99% for 48 months which is equal to 3.75% p.a.

It's equivalent to 3.75% flat per annum if paid in 4 years. Still cheaper than personal loan and some hire purchase rate out there.

A good BT program will create a new account for your BT amounts instead of piling it in your existing card. DA/CIMB does it and without any upfront fee or interest too

Syd G,

Can you answer my question below? ..

Where did EON bank put the balance? Directly to your EONbank credit card? If yes then I assume that RM48 will go to BT and the rest will go to your current balance. But if they do it this way I'd strongly suggest swiping more on the same card cause the interest calculation wont be transparent.

I personally do not have any experience with BT other than DA. They did it like this :

Say limit is RM5000, I BT from other cards RM3000.

My DA card now will have a RM2000 limit but a separate account was created to handle BT (with RM3000 balance). So when I pay I have to pay to 2 different accounts.

It is actually under the Eonbank card .. no new number I can see in online banking ..