This method is used by loan sharks. They will swipe ur card for 2k + interest, give u 2k cash. So now u owe the bank and the bank does the chasing instead of them.

Minimum term how long? 3 years? 5 years? 10 years?

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Added on December 21, 2010, 8:34 amNot as far as I know. I applied for SCB JustOne with wife as supplementary, and at the same time also applied for SCB Business Platinum with both of us as principals. Total 4 cards - 3 principals and 1 supplementary.

This post has been edited by Dannyl: Dec 21 2010, 08:34 AM

woah, nice info

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Added on December 21, 2010, 9:07 amI just placed RM50,000 @ yesterday for 1 year + RM5,000 into my current savings account.

1 Year

http://www.hlb.com.my/qa/ir/irfd.jsp?flag=irfd

# Hurry! Open and deposit a minimum of RM20,000 into Hong Leong Senior Savers Flexi FD Account and RM5,000 into any Hong Leong Current / Savings Account to enjoy higher FD rate of 3.5%p.a. for 12 months tenure. Also, you stand a chance to win an all-new Nissan Teana 2.0L. The promotion is valid until 31 March 2011. Terms and conditions apply. Click here to find out more details about the promotion.

The FD placement will be renewed at the prevailing board rate upon maturity. Hong Leong Bank ("Bank") reserves the absolute discretion to vary the rates and tenures at anytime or from time to time.

This post has been edited by persistence85: Dec 21 2010, 09:29 AM

OT: If you have children (<18 years), then you could open HLB Junior FD which gives 5% p.a. for up to 5 years tenure (interest credited monthly)

Yeap, but my daughter just 1 year 4 months on tomorrow

be prepared to be rejected by ocbc like me (i also apply using 'clean' plat card 1st time then 2nd time with all supporting docs)! haha

LOL

No worries. You are not alone. I was rejected too and had a clean sheet record I intend to try again next year. Probably around March or April. If i get it then i will cancel my Citibank Cash Back VISA Platinum



This post has been edited by MilesAndMore: Dec 21 2010, 11:29 AM

I am not exactly sure where to post this. Anyhow, you can also make credit card payment using your Citibank VISA debit card at any local banks' and Al-Rajhi's ATM when they introduce this service next year.

seems ocbc dont like cust with clean record

No surprises there. One of OCBC core values is "prudent risk taking". The other prudent lender HSBC has "conservative lending policy" as their values...they really hammer this into their employees brains.

Other banks don't have this as their value so their risk appetite is greater.


But if I'm not mistaken OCBC accepts applicants with clean records bc my friend just joined workforce gt her OCBC Ti recently...

This post has been edited by mushu_pork: Dec 21 2010, 12:05 PM

might try to apply next year, see can get approved or not ,

btw, can use ur wife's name to apply?

i need some advice how to handle a unauthorized purchase with my lost credit card case.

Contact ur bank credit card fraud department. After investigation (may take months) they may decide to reimburse you with the loss. Or, if they deem u are responsible, there's a law which states that u only need to pay up to RM250 for the unauthorised purchases. Not sure about the details. For my case, Alliance Bank reimbursed my fraud amount (about 7K).

thank you for your quick response, highly appreciate it

Well, not sure why but got rejected too from OCBC. Any posibilities to resubmit again for the application?

I've been rejected last time, but what i do is, i just sent by hand to them a letter of appeal (i stated in the letter why i apply for their card) and it took a week for them to approve my application. Perhaps u can try it?

no one knows what are the evaluation criteria for OCBC cc. my friend's application was rejected too. they sent a letter to his house. probably coz he is owning too many cards ?

Not really. I am sure people like Winner, Gen-X etc. all have a clean sheet record too and all of them got it


Add Public Bank to the list. This is why they have the lowest NPL in Malaysia


May be ... may be not. I had only one card when i applied for the OCBC credit card and still got rejected too.

This post has been edited by MilesAndMore: Dec 21 2010, 01:27 PM

You can try resubmit the application again after 6 month, that what the cs told me.

true. i wonder why 6 months?

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Added on December 21, 2010, 2:03 pmThe limit of your liability for a lost or stolen credit card is RM250.00 only under Rule 13.2 of the Bank Negara rules on credit card if it has been fraudulently used.

Please note this limit and ensure that your bank does not overcharge you should your card have been used illegally.

Most are unaware of RM250 limited liability �C PLEASE READ AND BE INFORMED! CARDHOLDERS need not pay more than RM250 whenever their lost or stolen credit cards are used by others. Yet, often times, they end up paying much more.

This is because Bank Negara has not informed cardholders that they do not have to pay more than RM250 for fraudulent transactions carried out using their lost or stolen cards, when they had not acted fraudulently and had informed the banks about the lost or stolen cards as soon as possible.

This protection is given under Clause 13.2 of Bank Negara's Credit Card Guideline:

"The cardholder's maximum liability for unauthorised transactions as a consequence of a lost or stolen credit card shall be confined to a limit specified by the issuer of credit cards, which shall not exceed RM250 provided the cardholder has not acted fraudulently or has not failed to inform the issuer of credit cards as soon as reasonably practicable after having found that his credit card is lost or stolen."

Banks know about Clause 13.2 but have chosen to ignore it. Instead they pursue cardholders for the fraudulent transactions.

They will tell cardholders that a clause in the credit card contracts states that all transactions carried out before the loss of the cards are reported to the banks, are deemed to be carried out by the cardholders.

Many cardholders then pay up because they are unaware of the RM250 limited liability. "

This post has been edited by persistence85: Dec 21 2010, 02:03 PM