Yes. I have noticed this too. The exchange rate for HSBC credit card is quite high indeed. I am not sure if it is through the roof like Standard Chartered and Alliance Bank but still, it's high.


I have no idea.

Possibly they have changed their policy or your father has substantial holdings in terms of deposits and investments in HSBC way higher than the required 200k?

So, thats mean i have a slight chance of getting approved?

why not you just wait for a year? what's the hurry? you seem to be in a credit card marathon judging from your previous posts.

once banks think you are credit hungry, the chances of you getting their credit cards are miniscule.

they can tell whether or not you are credit hungry from the number of application submitted to other banks in the past six months which is visible in CCRIS whether successful or not.

what i mean is after 1 year, will i get the slight chance of approval because of pledge deposit of my existing credit card?

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Added on October 31, 2010, 11:36 pm

sources @ http://www.hlb.com.my/pfs/loan/loansmf.jsp?flag=loansmf

Collateral Accepted

* Cash / Fixed Deposits pledged to Hong Leong Bank
* Acceptable quoted shares on Bursa Malaysia
* Unit Trust funds managed by HLGUT

High Margin of Financing

* Up to 65% margin of financing

Trading Limit

* Up to a maximum of 2.8 times againts Cash / Fixed Deposits
* Up to a maximum of 1.8 times against Shares / HLG Unit Trusts

Thats mean Hong Leong Bank can use pledge deposit too?

2.8 times against cash/fixed deposits? what is this mean? anyone can explain?

How if i put pledge fixed deposit RM5,000 and what do 2.8 times means? meaning i will get credit limit for more than RM10k??

This post has been edited by persistence85: Oct 31 2010, 11:37 PM

Hello, you copied a page about Share Margin Financing, why use it to talk about credit card collateral? Other forummers have already mentioned about 1:1 or less FD to CC ratio, you can check with the bank directly to see what they can give you.

platinum only give u 10k?

2008, my gold card got limit 23k. earlier this year they upgrade to platinum. credit limit of coz get higher.

but for me, 10k limit is std for gold only. how can platinum only got 10k?

is there any minimum guideline CL for each type of card?
before that i know minimum CL for classic is 3k, gold is 10k and platinum is 25k. please correct me if i'm wrong...

This post has been edited by rickkywong: Nov 1 2010, 12:13 AM

Every bank has different rules. HSBC VISA Platinum and HSBC Premier MasterCard for example, bear a minimum credit line of RM30k and the credit limit for both HSBC VISA Platinum and HSBC Premier MasterCard is not combined. The credit line for HSBC VISA Platinum however, can be combined with other HSBC credit card such as Gold MasterCard. It is just the credit line for HSBC Premier MasterCard is not combined with any other HSBC credit cards.

And if you have one card each from HSBC and HSBC Amanah, you'll get two separate credit lines too.

This post has been edited by MilesAndMore: Nov 1 2010, 12:20 AM

how come in my case it is combined? both my hsbc premier mastercard and visa platinum share the same CL.

Huh ? Is it ? I read in the brochure it is not ? I had the HSBC VISA Platinum last time but then, i got it by pledging a time deposit account to it.

Folks really ... what's the big deal about combined limit?
I'd rather get another card from another bank if I need another limit.

ok u ARE WRONG.
its up 2 bank to set the MINIMUM CL.
never heard min CL for gold is 10k.
coz my fren apply for gold and got only 7.5K ~

by default, terms for card type is by looking at annual salary.
example 24k for classic, 36k for gold, and 80k for platinum.
when u meet that criteria, usually bank will give CL 2.5 times ur salary.

This post has been edited by erry-: Nov 1 2010, 12:36 AM

I believe this is not true.
Coz I have a Gold card and a Plat card both below your said CL.

This post has been edited by chemistry: Nov 1 2010, 10:34 AM

yes combined. i get cobined credit limit of 100k from hsbc for both premier mastercard and visa platinum. mine i got both without pledging FD. just being their hsbc premier customer.

This post has been edited by vanderbilt: Nov 1 2010, 12:43 AM

Wow ! You must be one big fish

Yup. Maybe because I got 5 cc alr and got alots of credit limit there and maybe they afraid to give me more credit limit because I alr got so much. Well , its depend sometimes and I just 23. Maybe my point to bank not high enough yet so Platinum only 10k , I say maybe ahh ...

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Added on November 1, 2010, 8:59 amYou've a point..

This post has been edited by rockefeller: Nov 1 2010, 08:59 AM

OCBC Titanium holds RM200 as credit when pumping petrol at Petronas

What you mean ? , according to my friend that work in BNM,he said that I am high risk profile player ... , maybe that why I got 10k for Platinum ...