How does that work by the way?

@ronnie: I changed to ??

hmmm... i just checked this months US$ transactions on my alliance bank CC and i dont see a 1% handling fee. transaction date is 1.8.2010 and the exchange rate applied when converting RM to US$ via http://corporate.visa.com/pd/consumer_serv..._ex_results.jsp with 0% bank fee is 3.1755 which is the exact rate i get from my statement when i divide the amount in RM by the amount charged in US$. maybe i need to check - or do they treat the cards differently. card in question is a priority banking plat card.

zenquix,

transaction date.

hmmm... i just checked this months US$ transactions on my alliance bank CC and i dont see a 1% handling fee. transaction date is 1.8.2010 and the exchange rate applied when converting RM to US$ via http://corporate.visa.com/pd/consumer_serv..._ex_results.jsp with 0% bank fee is 3.1755 which is the exact rate i get from my statement when i divide the amount in RM by the amount charged in US$. maybe i need to check - or do they treat the cards differently. card in question is a priority banking plat card.

zenquix,

interesting indeed. i only have one, tops two US$ transactions on my alliance card per month so i cant really plot too much. but i did check the rates for transaction dates for the last 2 months (well only 4 transactions so not representative) but they all reflect the rate posted by visa with 0% charge. i also called CC customer service to double check and they did confirm that my card (and they claim all plat cards do) dont have any admin fee from the bank imposed.

did you compare only US$ transactions or did you also look into other currency purchases?

zenquix,

this is a normal plat card i got when the account was converted to prio status a couple of years ago. the contract signed did also state 0% charge. maybe this has changed in the meantime and they only honour old contracts?

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Added on August 20, 2010, 9:24 amyes it does seem their conditons have changed. cardmember agreement clause 13.3 now reads:

13.3 Foreign currency transactions are first converted to US Dollars through Visa International or MasterCard International before the US Dollars are subsequently converted to Ringgit Malaysia on the date the transaction is posted into Cardmember’s VISA/MASTERCARD CARD Account. The rate of exchange on the date of such posting may therefore differ from the rate of exchange on the date of the transaction. The Bank will also impose a fee of 1% being administration charges for such transactions.

my cardmember agreement reads 0% instead and i never got a new one from them either or any sort of notification that this has changed. so it might be possible that a) they honour their old agreement or b) i calculate wrongly

zenquix,

i sometimes dont understand them. as the smallest bank they should always try harder. my card is 5 or 6 years old though. i used to be very content when i was with section 13 branch but since that closed and i was moved to SS2 i cant say i am still as happy. that resulted in them lossing already most of my investments. there are banks that know better then them and drop charges if i ask for it but the cashback on the alliance card seems to be the best in the market (despite the silly cap).

No. in terms of merchants/outlets discount and overseas spending (other cards offer 2X reward points).

No if you spend more than RM1K month as rebate capped at RM50/month comes next year. See my comments on Alliance Plat above.

In my opinion, this card is good as a primary card and once hit the maximum capped amount, start swipping with another card.

And cash rebate for dining is worldwide, not only Malaysia, I can't find any other cards can offer this.

not sure whether this question has been brought up before..

I have 10k CL, my current balance is RM0, I go and pay RM10k, so now my current balance is -RM10k

Can I swipe a transaction of RM12k?

so if easy payment. got credit limit rm10,000. can swipe rm10,000? n qualified for easy payment such as ipayplan cimb?

Just want to ask about the finance charge

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

May I know how to calculate the finance charge? if one year total I use total RM5000, will charge me the interest 13.5%??

Hmmm, but the agent that called me to fax my application to 03-27111098... I wonder if this number belong to OCBC...
Gonna call 1300 tomorrow to verify my application...

I'm now starting to worry I might be conned for my application form...

OCBC is really efficient. My application was e-mailed to the agent on Monday noon and the application is already in processing status while checking through 1300885000.

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Added on August 26, 2010, 5:13 am

The agent who served me is from OCBC in which his e-mail account is ocbc.com

OCBC application can be submitted through website? I thought website one, you just fill up and print it out?

I filled and submitted the contact us in OCBC website and then someone contacted me lo..

Great, you are very fast and I think the first person here to have it and started use it... 

What? 0.3% cash rebate nia?
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