I can't help but notice that there still seems to be a lot of confusion in respect to credit card qualifying criterias, maybe due to the currently trends of our self serving & less responsible generation. Anyway. here's my take on the matter :-

1) The fact that the banks are simplying the process by only requiring a valid card with minimum 12 months tenure does not in any way indicate that the minimum income requirements are no longer applicable. Credit card has all the while been subjected to the demonstrated ability to repay and this will never change. Its not "FREE $$$" and extract a terrible cost upon the nation if not managed properly.

2) The basis for the the 12 months record of your existing card serves to give an indication as to your income based on the principal that "you must have the income in order to pay off your debts" thus, if your CRIS only shows a miniscule amount, then the possibility of you earning that much would be in doubt and additional support documents would be required.

3) The reasons a particular CL is given should reflect a person's ability to repay as otherwise it would be a disaster recipe. As such, if you are truly a big spender, then consider using a charge card, which would never impede your spending ability as ultimately, CC serves as a convenience and not a source for "FREE $$$".

4) NEVER ever use CC as a source of future funds. It will kill you in the long run.

Hope that helps clarify the same persistent & irritating queries being asked all around. Thanks

Thank you @tgeoklin, I share your opinions as well.
The newer generation are just too gung-ho about CL, card upgrade, EZ Payments, etc. I worry about these developments as it could possibly indicate denial about the ACTUAL responsibility when using a credit card.

Back then I had to wait for a good 6 months to 1 year before being eligible for applying a credit card. These days they want the card right away from starting work on the pretext of "emergency purposes" and not realizing the danger of using credit card to survive.

high chance of being successful. just done last week. original DA plat CL was 36k now DA wmc vi CL is 150k. applied using citibank platinum CL 98k.

Yes, sad but probably the result of the overall "Malaysia Boleh" mentality, especially the graduates, with over 90% thinking that its their goddamn entitlement. Good example is the study loan fiasco. We are probably emulating the US back in the 80s but with worst off social obligations at that.

Guess they will need to learn their lesson the hard way but then they will probably drag everyone along with them. The govt already forsee the trend, thus the encouragement to move to debit cards but .........

This post has been edited by tgeoklin: Sep 27 2010, 09:07 AM

need NOT show income document.

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Added on September 27, 2010, 9:10 amMost likely you fall under "High Exposure" category therefore needing additional documents to support your application.

This post has been edited by rockefeller: Sep 27 2010, 09:10 AM

Have you received your OCBC Titanium?

any chances for those who earn below 36k per annum to get ocbc titanium or not ?

Unlikely ... OCBC is well known to be tight on their approving criteria.
You need to use alternative method to get approval ... e.g. Pledge FD as collateral.

for cimb cc, according to the website, have to submit income documents

seems they are more stright compared to other cc which need ic copy only

I would guess your spending over the past year or so must have been impressive, right?

how to apply for Citibank Online ID?

previously I have an ID, but I cancelled the card, now I reapply.

Am I consider First Time Login now?

how to get Credit Card ATM PIN ?

You need cc ATM PIN. Did you receive it before ? Or did you receive it and throw it away ?
If you can't find it, call the CS and asked for a new one. It will take up to a week to receive it via mail, any faster you need to collect it from Citibank Jalan Ampang yourself.

is the pin come together with the card? registered mail / normal mail?

Any CC that has 0% interest installment plan on anything that you purchased? Eg i buy anything above RM1000 and i just need to call the bank to entitle for the installment plan?

Nope. The shop you buy your things from will arrange everything for you. They will make a photocopy of your credit card/IC and you'll be required to fill in a form. 0% IPP is available only if the store you are buying the stuff from is offering such plan.

My CImb Mastercard has it, u can buy 1st, then make a call to the card centre tell them your transaction it can be done.

u need check the webby, for the terms and condition.

0% installment is not applicable to everything you buy.

Smart Flexi-Pay Plan offers 0% installment for insurance, education and hospital transactions only.
While Smart i-Pay Plan charging 2%/4%/5% for any other transactions that converted to installment.

Pin will arrive after you receive your card via normal mail. Normally within a week or 2.

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Added on September 27, 2010, 1:56 pmYup ... for CIMB, please take note that you will be paying for the interest.
Under normal condition, the merchant pays for the installment fees to the bank. As you are going direct then the consumer pay to the bank.

This post has been edited by hye: Sep 27 2010, 01:56 PM

How about MBF Credit Cards? Anyone got comment/exp on MBF Cards? R they good (Classic/Gold range)?

oh ya.. i forgotten about the "one time interest payment" 2/4/5%