LOL. You learnt this lesson. Next time when asking for information, always have the informant's name jotted down.
I had quite some unpleasant experience in CIMB Bank. I must say their staff is just so incompetent that I always need to call HQ for verification. Worse thing is, almost a 30% of inquiries ended up to be contradicting with information given by Call Centre.

I sent a letter to CIMB HQ, urging the management to train the staff of the said branch properly, make sure the staff give correct information. I don't mind the staff keep me waiting while he/she inquires HQ, the most important thing is the information must be correct.

You can request the money to be refunded into your bank account instead. This happened to me just a few months ago with Air Asia.
November 2009 - bought 3 tickets from Air Asia using my HSBC VISA

May 2010 - trip canceled

June 2010 - requested for a refund. Was told it will take up to 1 month. Told the staff my HSBC VISA that i used to pay for the tickets will already be canceled then. She said they will refund into my bank account instead and i gave her my account numbers.

August 2010 - money was not in yet. Filed a complaint.

late September 2010 - money refunded to my bank account. Money came from Citibank. Citibank has got to be Air Asia's clearing bank then. Can imagine just how happy Citibank is. Must be one big fat account

This post has been edited by MilesAndMore: Oct 21 2010, 09:47 PM

Remember to post here for us to go to the new IBG thread.

Well, if you do have overseas transactions then I would suggest you keep MBB Petronas since it is free and has the lowest rate for overseas transaction. I regret cancelling my MBB Petronas as now Alliance Visa overseas rate is high.

As the the other cards, cancel all and get OCBD Titanium

Cancel UOB One Plat as OCBC Titanium better as gives 5% at all petrol station, groceries store and for dining.

Cancel HSBC Premier if you have it because you deposited FD with them. There are better rates from other banks for up to one year tenure (for comparison, RM200K you can get RM1500 extra interest a year). However before you cancel HSBC Premier, go apply for CIMB WMC using your HSBC CC. If you did read previous posts, with HSBC CL of RM30K, you can qualify for CIMC WMC.

With CIMB WMC cancel your CIMB Petronas as CIMB WMC got better offer. With OCBC Titanium you get 5% rebate for all petrol stations so no need CIMB Petronas.

Citibank Signature - well this is SG card? Guess you would want to keep it.

Certainly


RM1,500 extra ? What bank is that ? I renewed one of my time deposit accounts with them in August and i got 3% for 12-month tenure. You have to specifically request for the Term Deposit-i though. It's a new product just launched a few months ago. Previously, HSBC Amanah only offered GIA.

Agro Bank offers 3.33% for 12-month FD.
Compared to HSBC's 2.85%, a RM200k deposit will cause a difference of RM960 in interest earned.

wo0t! That is a lot of cards!
I tried applying for two cards already, and the bank turned me down..

no la... not all with hsbc plat card rm30k can get the cimb wmc la... my cousin tried the other day also kena reject.. he got one hsbc plat card only also tak boleh la.. another forumer with hsbc plat card try also failed ma... aiyoo

HSBC Amanah Time Deposit-i offers 3%. If you opt for upfront interest payment, then you'll get only 2.90%. 3.33% is good indeed but it is too much a hassle just to open an account at Agro Bank to enjoy the rate. Besides, i am happy with HSBC so i am so not leaving them

Agreed.
RM200k can make you an HSBC privileged customer, who cares AgroBank? LOL.

immediately normally that's if you request to cancel your existing gold cards

For today's rate, 3% for 12 months is low, many bank offering better rates than 3%.

Citibank, HSBC and SCB 1 year FD rate is low. When I mentioned RM1500, actually I took into consideration HSBC promotion of 3 months rate of 5%, so if your rate is 3%, then you can get close to RM2000 extra from other banks today. PM me if you want to know more.

Hi all,

I am planning to register a credit card to keep for emergency uses.

This will be my very first credit card application.
Therefore, I would like to seek for advice from everyone here.

I am wondering, what should we consider when selecting a credit card?
I am a little worried about is there any hidden charges that i need to pay.

Currently i heard from my friend saying that UOB introduced a new promotion that allows the credit card to be waived for 5 years annual fees.

Will this offer good? or do you have any good recommendation?

This post has been edited by eddiez_zz: Oct 22 2010, 11:00 AM

What free gift are you referring to? Is it a free Apple iPhone offer?

Thank you Miles .... now I have no worries hehe ....

Basically, if you make full payment promptly, you won't get extra charge, you pay what you spent.

You apply card just for emergency purposes? You paid RM50 card tax and you just keep it in wallet? At least, you can use it at petrol stations, groceries, dining places, pharmacies etc.

You don't need to worry about annual fee. Nowadays, most cards in the market are free for the first year and only require you to swipe 12 times in a year in order to get fee waiver.

SCB Gold/Plat is giving out RM88/RM188 upon card approval. You may give it a try.

Thanks for the advice and recommendation.

As for now, i still cant really decide which credit card suit me.
any idea which credit card provides the best promo? I tried to check online for each of the bank, but it really confuse me.

Another thing is that, I graduated this year, and just started to work for 4 month.
Hence, will it be difficult for me to register a credit card?

once again, thank you.

Fresh grad is advised to apply for DirectAccess Mastercard, as this card is dedicated for graduates and professionals. They are also known to be generous in granting high credit limit.

After getting your very first DirectAccess card, then try to use this card to apply for either OCBC Titanium or SCB Gold/Platinum (if their cash bonus is still valid).

The free gift would be a iPhone4 toy

Please note you may not use your new card (DA MC) for OCBC TI application until it reaches 1 year.

@eddiez_zz, what is important when using card it is not a tool to accumulate debt. If you are already accumulating debt this way so early in your career then you better don't apply for use. End of the day the card will serve your individual spending pattern ... so no such thing as the best card, best promo thing. We recommend OCBC TI because it save you money (which is a universal measurement) but it is also one of those cards which is not so easy to apply fresh out of school.