will it be harder to get approved?

i tried applying a few, namely pbb, stanchart, and citibank, all of them rejected my applications...

my pay has hit the min. requirement of the card (let's not talk about the conversion rate... 1:1 only...)

i wonder why... i only had a car loan before in msia which i aldy settled last year...

im holding cc from spore banks and servicing a car loan in singapore but i believe this doesnt help as msia banks dun share with spore banks the same pool of credit risk information like what bank negara is providing...

This post has been edited by Shingkyo: Sep 6 2010, 11:56 PM

Hi, i worked in a bank tho. well this is compliance so well normally, foreigners in Singapore won't get credit cards approved due to risk. if u need a cc. get a secured card where u have to open a FD there.

hi... perhaps i didnt get my question right in the first place...

i in fact want to apply a credit card in msia... i do hold credit cards issued by spore banks....

in fact even for msia case, i did place a FD too recently to apply for a secured credit card application and was rejected too... i hv also recently transferred a 5-figure some amount of RM to this bank... what's wrong here actually?

Do you pay tax to Malaysian Inland Revenue Board?

msians working in spore are exempted from paying tax to msia... aint it?

since when, income from outside Malaysia is taxable in Malaysia?

i'm also facing this problem when i work at SG. with $35k sing annual income, still no approval.
maybe bank policies.

so u r working in spore n hv not gotten any approval for your cc applications?

bro, your case same like mine 6 years ago, tried ambank,uob n hsbc all reject. finally Maybank accept me . but the credit limit they follow your SG salary, not converting to RM first. If salary SGD3K then limit is RM6K only, not RM14K (SGD3K ~ RM 7.2K)

after i get mine, I reapply other banks again and ALL APPROVED. Before the GST (RM50) I got 4, but now reduce to one.

maybe you can give maybank a try

This post has been edited by saiga: Sep 7 2010, 12:22 AM

Sorry for not stating clearly.
When I asked if he pays tax, I actually wanted to know if he has proof of income in Malaysia. I know his SGD salary is not taxable in Malaysia.

if i apply credit cards from every banks, if let's say more than 1 card has been approved, will i be able not to activate the card so as not to pay the government tax?

my luck so far
1. aeon 1 yr back - not approved
2. citi bank 7 mths back - not approved
3. public bank - 1 mth back - not approved
4. stanchart - less than 1 mth back - not approved

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Added on September 7, 2010, 12:28 ami just closed my maybank savings acct though



This post has been edited by Shingkyo: Sep 7 2010, 12:28 AM

I asked this question a few weeks back.
You need to pay RM50 GST once the card is approved, regardless of activation status.

deposit 6 figure into FD, sure you get credit card. Goto credit card thread and read first page for amount to get credit card with deposit.

Banks or bank employees do not want the hassle to evaluate risk factors of cc applicants without Malaysia derived income

bro, no need maybank acc. I got it with no saving acc, only have SG maybank acc. just give it a try, no harm right?

Which bank was that? To my understanding, a secured credit card is almost equals to a debit card with the exception of functions, so would not normally be rejected unless you have adverse CRIS, CTOS or BMC records etc.

Alternatively, maybe all you did was placed an FD and then applied for a card? Then its not the right/proper process. You will need to placed the FD and after that used that FD to be pledged to support your card application.

ok... i just got an update... this particular personal financial consultant tried to apply the card for me using the normal method... without fd-lien... it was unsuccessful... right now he told me he will apply it again as fd-lien...

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Added on September 7, 2010, 5:14 pmi shall wait for my fd-lien application outcome first...

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Added on September 7, 2010, 5:15 pmthe officers did call to my mobile n office for verification

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Added on September 7, 2010, 5:16 pmi dun hv that much of cash

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Added on September 7, 2010, 5:16 pmnoted bro... will try 1 by 1 then...

This post has been edited by Shingkyo: Sep 7 2010, 05:16 PM

u need to show the bank that u got steady income.
use ur bank statement (e.g. every month end u get rm10k deposit)
to supplement ur application.

From what I have heard from internal sources in Maybank credit processing, you ought to have atleast 5K - 10K income in salary from SG to be able to apply for a credit card in Maybank. Even so would only bring low credit limit of RM 10K or so.

so high? last time when I apply my pay only RM4K (SGD 1600++). but the credit limit very low, RM3K only .

now they even offer me platinum card

Guess you have not heard the news ..... but paltinum is the classic of today

it is very ironical when i can get credit card from spore banks in spore as a foreigner but none in msia as a citizen...

i do understand the banks need to evaluate the applicants financial stability before issuing one.

my bro earning s$6k per mth has problems applying too... let alone me earning a pay <s$4k

Have been long time wasnt apply credit card already... really no idea what is the 'standard' requirment

all my credit card was the bank self offer to me one

This post has been edited by liewsan: Sep 8 2010, 04:08 PM

I know now standard already dropped. What I meant is before this very hard for me to get. Now after I cancel the card (2 years back) they keep sending me letters n call

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Added on September 8, 2010, 10:53 pmsame case with me

This post has been edited by saiga: Sep 8 2010, 10:53 PM

Let me see if I can get further info on this for you. I'll come back to you on this one.

that stanchart guy said he will use my spore credit report to apply one for me... he said stanchart can try this with their spore counterparts for getting credit risk info report... hopefully it will be approved this round

i got my msia ccris report... nothing written... so i am debt free in msia...

there is one thing which i dun understand... i rmb back in 2006 when i was still earning a meager pay... i applied for a hire purchase loan of rm 50k... it was approved within a day without question asked... no call or whatsoever...

50k loan vs 5-10k card limit (which is what i need though)
approved vs not approved

Hi, I'm also working in SG with a steady income (ard 60k p.a)...
Was trying to apply for OCBC Titanium card.
Will it be difficult to get approved as this is my first card? Failed for HSBC....
Will submit my latest 3 mth bank statement + SG income tax form, is it sufficient?

that credit card fellow tried another method which is to get the credit report from singapore... yet the application was still unsuccessful...

i told him to use fd-lien in the first place but he was so stubborn that believing it would be successful... let him be then...

by the way bro phantom06, your 60k pa is sgd or myr?

I've checked with some of friends in the banking industry & they've advised me that foreign income earners are usually required to have higher income like more than RM10K or so for a fast processing. Apart from that some may also quiz you as to why you need a Malaysian bank issued card when you work in SG etc. BTW, sorry for the delayed response.

i believe you are right... they took my singapore credit report too for the application but was rejected too due to the fact that i only have car loan in spore... it would have been successful i had a housing loan in sg (but i dun hv that kind of money... lol...)

so they r now processing it with the fd-lien application... i pledged 5k fd for that and i hope it will be successful this time...

Last time I applied with OCBC malaysia and got approved. Had no luck with Maybank either. Perhaps you can try with SG banks with MY operations?

Yes you are right... UOB approved mine...

This happened to me too...applied many banks and only UOB approved my application...

i also working in singapore but i can get.1st card from citibank cleart master card.2nd is citibank cash back card.3rd is hong leong gold master card and the latest is standard chartered platinum card that just approved

Just a question from me... u got any bank loans in msia?

Yes,car loan and personal loan

that could be the reason as you have good ccris report while mine is totally clean as i do not hold any loans in msia... i believe with my first card approved it will be easier in the future for other card applications...
btw... the process of msia banks approving mine is quite strict.. always got calls to verify... i didnt hv such issues with spore banks cc... all approved without questions asked...

My car loan repayment also no so good.Sometimes 2 month only pay.But i now apply housing loan got a bit problem.I apply CIMB credit card they reject but SCB platinum card can approved.So strange

msia banks