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

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

Malaysian issued credit card ? Practically none.


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

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

Public Bank.


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

He doesn't need to have a job there in Singapore to get a HSBC Singapore credit card if he already is a HSBC Malaysia Premier customer. He can just request to open a Premier account in Singapore and tell them he wants the HSBC Singapore Premier MasterCard too. Just that easy I know many HSBC USA Premier clients do this ... to get HSBC Canada Premier MasterCard.

HSBC still have the minimum credit line system in place. Not sure about all other banks.


I believe you can request to them to waive the card replacement fee, which is RM50.

LOL ! Why even bother to use their credit card in the first place ?


Depends on what you look for from your credit card. If you like to buy things in installment, then you should go for Maybank or Public Bank. If you want a card that gives you the best rewards, then it's Alliance Bank as it has the highest cash back system.

How was it useless ? It works more or less the same as their generic MasterCard, except that one gives you bonus points which you can later redeem for shopping vouchers, gifts etc. while the other one gives you instant cash rebate. The promotional rebates (10% off at ISETAN, 5% off at Guardian etc.) also apply to both card types.


No longer so. Someone here got a pre-approved DA Platinum and the credit limit is comparable to the low-end Gold card.


This post has been edited by MilesAndMore: May 11 2010, 07:04 PM

The CIMB Bank World MasterCard and CIMB Bank VISA Infinite credit line starts from RM100,000. Direct Access's one should be lower than RM100,000.

You definitely are eligible for a debit card. You really should consider DBS VISA debit card. It comes with no annual fee with free unlimited usage of DBS/POSB ATM and it can be used online. It also comes with a 0.3% cash back.



Another good debit card in Singapore is the Citibank VISA debit card. It can be linked only to your checking account. The minimum balance fee is on the high site. If i'm not mistaken, you need to keep at least SG$2,000 to avoid being slapped by the account maintenance fee which is charged monthly.



If you bank with Citibank or Standard Chartered, the MEPS IBG fee is only RM0.50/transfer. And if you have a HSBC Premier checking or HSBC PowerVantage checking account, MEPS IBG transfer is totally free !

Gross salary that is. Prior to the deduction of EPF, SOCSO etc.

Just recently i requested for card replacement for both my VISA and MasterCard inside their branch office and i got it through Poslaju just a week later. Guess i was the lucky one


Overseas brand recognition is not very important really. Do you know about a credit card from Capital One ? I assume no right ? It is a smallish bank in the US but one of the largest credit card issuers there. It is so famous because it is the only bank that do not impose a single admin fee for overseas usage of their cards while many other banks such as Bank of America, Chase, Citibank etc. all charge 3% admin fee for overseas use. Despite being a small regional bank in the States, Capital One credit card users have no problem using their cards overseas.

As for banks with responsive call center, HSBC is one but you don't like them. May be you should try Citibank ?

They probably block your card or the line timed out. Usually it is only the VISA and MasterCard sign matters.


All charged made in any other currencies other than MYR will be subjected to the admin fee. You can refer to the detailed list of admin fee charged by various banks in Malaysia in the first post of this thread.


Same goes to HSBC.


Really ? No need to call in to beg them at all ? How thoughtful of them.


Unfortunately no. The closest thing is a secured credit card or as Hye said, a supplementary card.


hihihehe is right. Certain countries do provide credit card to students without the need of submitting any proof of income, checking your savings account or have an existing credit score history. These countries are USA, UK, Canada and Australia.

Not too familiar with UK, Canada and Australia but in USA, any students can easily get a credit card. The credit card comes with extremely low credit line. It can be as low as only US$100 (no joke !). But most students do get approved for a credit card with US$300. This student credit card is meant for them to build their credit history so that it'd be easier for them to get a credit card when they finally out go to work with a real job.


I pray everyday that they will finally come to their senses and scrap it in the coming budget presentation. This credit card tax is the joke of the century. Way to go Malaysia ! Yet another first for Malaysia ! Yiihaa !

This post has been edited by MilesAndMore: May 15 2010, 07:59 PM

By the way guys, i just realized there actually are additional perks for using a Platinum card. Many have been arguing that it is all plastic and i used to think the same way too. There actually is a difference. It's kind of rare though.

I just found out that VISA has this ongoing promotion with Eraman Flying Emporium Chocolate shop at KLIA. All Platinum VISA cardholders will be entitled for 10% discount while Gold VISA cardholders get 5% off. Classic VISA cardholders unfortunately get nothing.

I stand corrected. I didn't know it applies to Classic VISA as well as i was only told about the rebate Platinum VISA and Gold VISA are entitled.

Many said it's Maybank.

I hope not. I hope it's a dividend card. Just like the one they offer in Singapore

Exactly !!!


Ultima is highly unlikely. May be World MasterCard or VISA Signature. The current Citibank Singapore Dividend credit card is offered in either World MasterCard or VISA Signature.

At the moment, only Citibank Hong Kong and Citibank Singapore issue the VISA Ultima credit card. Not too sure what the requirements are in Hong Kong but in Singapore, it is issued as a complimentary credit card to their Citigold Private Clients. One can be a Citigold Private Client in Citibank Singapore or Citibank Hong Kong with at least US$1 Million of deposit up to US$10 Million.