I thinking of not going to activate that Hong Leong cc once I received it.
But I still need to pay RM50 government charges even I not activate it?

btw, yesterday (saturday) i go kfc buy only 1 snack box rm4.30 (rm4.50 after tax) then paid using DA (so later i get 10% discount on my bill). haha

yes u are.
once card issued, considered u want it, no matter if u dont want to activated it. so need to pay that gst rm50.

but, if u currently using gold card, then bank just send u platinum card (free upgrade), this 1 as long as u dont activated it, u wont be charged with gst (continue using gold). same goes to replacement card, wont be charged gst too.

Hmm.. Then I just have to activate it bah, since now HL can waive that RM50 for new application.
Btw, how long I need to keep the card before I can really cancel it without any penalty or charges?

cancelling wont get any penalty or charges. only if u still have outstanding amount, then it will continue with the interest (better do balance transfer).
but since u are going to pay gst rm50 for a year, so better cancel it on the 11th month.
unless, u already received enough cash back to cover the gst, so u can cancel it anytime (usually after 6 months).

HL told me the cash back GST will be credit to my cc on the 5th month

see? i told u usually cancel on the / after 6 months

This post has been edited by erry-: Dec 12 2010, 03:11 AM

Hopefully SCB will extend the RM188 cash back promotion. But this RM188 cash will only given to new card upon approval. So I may have to apply for the new card first and thereafter cancel the WMC.

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Added on December 12, 2010, 6:35 amThat's very cunning of HLB, forever and always!

This post has been edited by winner: Dec 12 2010, 06:35 AM

I guess vanderbilt = rockefeller.

thats good ... seems like i dont want to activate my citibank platinum upgrade..
agreed with miles n more....it looks like silver
somemore a mere extra rm3k CL only from my gold....

Yes, most people were being conned into signing up for credit cards due to desperate promoters. I was at The Curve last October where I met this HSBC Senior Card Sales Executive. After listening to his explanation on the promotion of the HSBC Visa Platinum, such as cash bonus of RM50 on 1st swipe to cover the GST and 10% cash back on the 1st RM650 spend, I also signed up for the application. The promoter was so confidently told me that next year's GST will be cancelled. That was before the 2011 Budget was announced. When I received my new card on the same month itself, I did the necessary spending wait for the GST and other rebates to be credited back on the following month statement. Still no refund on first month. Tilll this month, there's no refund being given. So I called up the Customer Service and they are unaware about the promotions. I cancelled the card on the spot. My advice to all who wants to apply credit cards, please be careful when you meet this kind on unscrupulous promoters.

Sir,

I want to ask, if i want to make full settlement of my credit card.. is there such thing as discount? I heard before but not sure its real or not...

2nd, let say I have 7k of cash n 7k of credit credit card debt...
should I pay that amount or do something else with that cash..

appreciate ur kind advise..

There's no such thing of discount if you settled the CC bill before the statement/bill due date.

However, if you have other CC from another bank that offers balance transfer at attractively low interest; i.e 0% for 6/12 months, you can transfer the outstanding to that CC. By doing so, you can utilize your cash for other revolving purpose; not getting into more debts.

Make a wise decision.

Yesterday, I go to shopping and met the Standard Chartered Bank credit card promoters:-

Standard Chartered Bank Business Platinum Visa Card,
On successful application and cash of RM 188.00 to your account less GST RM 50.00 and net received = RM 138.00. Any purchase rebate 0.50% and each RM 1.00 consumed get one point. Annual fee waive for first 2 years and subsequent years waive on call up. Oversea purchase RM 1.00 get 3 points. Airasia's ticket get travel insurance up to RM1 million. Worth to apply, anyone can advice?

This post has been edited by firee818: Dec 12 2010, 09:02 AM

well i applied for this one, but its only gold card which give only rm88. will see how is it after few weeks

ic... tq for your advise sir... i really felt the burden of paying only minimum payment everymth..
I want to settle all and forget about credit card... been using it for wedding preparation few mths back...

on the other hand, thats the only cash I got... I been thinking of paying my debt.. but got 1 of my frens giving me advise if u got the money use that for other purposes or just save it..

I think just pay your credit cards bill in full or just do balance transfer

4.50 can swipe cc?

Guess most of West Malaysia can, even carrefour or Jusco can swipe Rm3 ... lol.. I've tried with my MAYBANK debit card before.

I can't find the list of OCBC 5% discount list in this new V13.

Today i got my statement, just wanted to inform everyone that JUSCO Supermarket at 1U do not entitled for 5%, instead i got 1% from it.

SESB (for who is from sabah), the 5% is there