Proceed from v12: Credit Card v12

**Those wishing to get an agent to assist with your credit card application please post your request at the service noticeboard section as this section is about discussion on credit card issues and not for promoting or seeking agent.

Knowing your cards > http://www.bankinginfo.com.my
1. Visa
2. Mastercard
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. China Union Pay (中国银联)
7. Etc.

1. Annual fee
Annual fee free credit cards :
- CIMB Direct Access
- CIMB Bank
- American Express Green charge card & American Express Gold credit card
- Public Bank (**minimum swipes apply)
- Alliance Bank (**minimum swipes apply)
- UOB Bank (**minimum swipes apply)
- Maybank (**certain cards only)
- EON Bank (**minimum swipes apply)
- Citibank Choice (**minimum swipes apply)
- Hong Leong Bank Essential VISA (**swipe at least twice a month OR spend RM8,000/year)
- AmBank (**certain cards only)
- OCBC (**minimum swipes apply)

2. Tap and Go - no signature required
VISA payWave
**Payment made via Visa Wave is limited to RM150
MAYBANK
- Maybank Islamic PETRONAS Ikhwan Visa Platinum
- Maybank Islamic PETRONAS Ikhwan Visa Gold
- Maybank PETRONAS Platinum Visa
- Maybank PETRONAS VISA Gold
- Maybank VISA Platinum
- Maybank VISA Wave

EON Bank
- GSC-EON Bank VISA Wave
- VISA Wave 'n Go
- Berinda Homes VISA Wave
- Johor Bahru City Square VISA Wave
- Penderosa Gold & Country Club VISA Wave

UOB Bank
- UOB ONE Card

MasterCard Paypass
**Payment made via MasterCard Paypass is limited to RM120
CIMB Bank
- all MasterCard

CIMB Islamic Bank
- all MasterCard

Direct Access
- all MasterCard

Touch n Go
CIMB Touch 'n Go Visa (This is the first credit card with Touch and Go embedded)

3. Credit Card linked to Petrol
- OCBC Titanium MasterCard <> all petrol stations = 5% cash back
- Citibank Cash Back VISA Platinum <> all petrol stations = 5% cash back
- UOB <> BHP Petrol
- Citibank <> SHELL (This only applicable for Citibank Shell, Citibank Cashback Plat applies to all petrol stations)
- Maybank/Maybank Islamic <> PETRONAS = 5x Treatpoints
- CIMB Bank/CIMB Islamic <> PETRONAS = 2% cash back
- Direct Access <> all petrol stations = 2% cash back**
- Public Bank <> ESSO/MOBIL
- RHB Travel Money <> all petrol stations = 2% cash back (5% cash back every first weekend)
- AMBank Carz <> all petrol stations = 2% cash back (3% for Gold and 5% for Platinum, provided there is an outstanding)


**All range of American Express charge & credit cards give 2x MR/TP on petrol purchases except AMEX Gold credit card which gives 5x MR/TP. This applies to all petrol brands.

4. Standard financial charge (interest rate)
Tier 1 > 13.5% p.a.
Tier 2 > 16% p.a.
Tier 3 > 17.5% p.a.

Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.

5. Complimentary Cards
1) HSBC Premier - deposit and maintain RM200k
2) Citibank Citigold - deposit and maintain RM200k
3) Standard Chartered Priority Banking - deposit and maintain RM250k
4) UOB Privilege Banking - Opening deposit of RM300k with maintenance of RM200k
5) OCBC Premier Banking - Opening deposit of RM300k with maintenance of RM200k
6) CIMB Bank Preferred Banking - deposit and maintain RM150k
7) Hong Leong Bank Priority Banking - deposit and maintain RM200k
8) Alliance Bank Privilege Banking - deposit and maintain RM200k
9) RHB Bank Premier Banking - deposit and maintain RM200k
10) Public Bank Red Carpet Banking - deposit and maintain RM500k or a Mutual Gold customer with a total combined deposits of RM200k in savings/current/fixed deposits.

6. American Express
Charge card
AMEX charge card gives 2x Membership Rewards Points for all petrol purchases. This applies to all petrol brands. All other spending will also earn you 2x Membership Rewards points.

Credit card
AMEX Gold credit card
5x Membership Rewards Points for every Ringgit spent on groceries, petrol, bookstores - Kinokuniya, Borders, Times and MPH - and telco charges via Express Autopay - Celcom, Digi, Maxis and TM. 2x Membership Rewards points for all other retail transactions.

AMEX Platinum credit card
10x Membership Rewards Points for every Ringgit charged to your card at Platinum partners. Please refer to American Express MY for the latest list of Platinum partners. All other retail spending earns you 2x Membership Rewards Points.

Maybank Islamic Ikhwan AMEX
5x TP on petrols.
2x on all other retail swipes.

Link to AMEX thread: http://forum.lowyat.net/topic/547867

7. International Transactions
Transactions incurred will be converted to Ringgit Malaysia using US Dollars as the base currency on the date the item is received and/or processed at such exchange and at such time as may be determined by VISA International/MasterCard Worldwide at its absolute discretion plus administration cost which is to be imposed by the card issuing bank. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and the Cardmember shall bear all exchange risks, losses, commission and other bank charges which may thereby be incurred.
- Maybank VISA/MasterCard : 0.5%
- Maybank American Express with Maybank logo on top : 1.5%
- American Express : 2.5%
- CIMB Bank : 1%
- Hong Leong Bank VISA/MasterCard: 1%
- Public Bank : 1.25%
- Citibank : 1%
- HSBC : 1.25%
- EON Bank : 1%
- UOB Bank : 1%
- Standard Chartered : 1%
- OCBC bank : 1%
- Alliance : 1% (verified by hebe87)

Exchange rate estimator : http://corporate.visa.com/pd/consumer_serv...er_ex_rates.jsp

8. Credit Card Cancellation Letter


9. Cash Advance fees
Citibank: 5% of cash amount (min RM20), and 18% p.a. daily interest (N/A for Ready Cash)

UOB: The cash advance fee is charged to any withdrawal of cash made. This is imposed for each cash advance transaction. 5% or RM20, whichever is higher.

Maybank: VISA/Mastercard (Both Classic and Gold) | Flat rate of 5.00% of the total amount of cash advance | Min: RM10

CIMB DA: 5% of the amount drawn, subject to a minimum of RM15, whichever is higher.

CIMB: 5% of the amount drawn, subject to a minimum of RM15, whichever is higher.

HSBC:
The cash advance fee is 5% of the amount advanced or a minimum of RM15. Whichever is higher. This is imposed for each cash advance transaction
For HSBC Amanah Charge Card, cash advance is capped at RM1,000 per transaction and a fee of RM60 per transaction will be levied
For cash advances made over the HSBC banking counter, there will be an additional charge of the following:-
- RM50 on credit cards issued by local banks other than HSBC - RM20 on credit cards issued by non-Malaysian card issuers (including JCB)
- Cards issued by HSBC Bank Malaysia and the HSBC Groupare exempted from this charge

OCBC: The cash advance fee is 5% of the amount advanced or a minimum of RM15, whichever is higher. This is imposed for each cash advance/casino chips transaction.

HLB Essential: 2% of the amount advanced or a minimum of RM5, whichever is higher. This is imposed for each cash advance transaction. Minimum withdrawal for each cash advance is RM200.

10. Verified by Visa and Mastercard Securecode
Verified by Visa ---> http://www.visa-asia.com/ap/sea/merchants/...vbv_intro.shtml
Participating banks :
- HSBC
- Standard Chartered
- Maybank (MSOS)
- CIMB Bank
- Public Bank
- RHB Bank
- AmBank
- Hong Leong Bank
- EON Bank
- Alliance Bank
- MBF Cards

MasterCard SecureCode ---> http://www.mastercard.com/au/personal/en/c...code/index.html
Participating banks :
- HSBC
- Standard Chartered
- Maybank (MSOS)
- CIMB Bank
- Public Bank
- RHB Bank
- AmBank
- Hong Leong Bank
- EON Bank
- Alliance Bank
- MBF Cards

11. Balance Transfer: http://forum.lowyat.net/topic/1123346

12. RM50 Government Service Tax - Currently STILL IN FORCE
With effect from 1 January 2010, there will be service tax imposed on credit card as follows :
i. RM50 per annum on each Principal Card; and
ii. RM25 per annum on each Supplementary Card
The service tax will be collected on the date the card is issued, or on the completion of each year or on the date of renewal of the card (except HSBC which will be billed 1 month later). This means that the above mentioned service tax shall be levied on new credit card issued effective from 1 January 2010. For existing credit cards issued before 1 January 2010, the service tax shall be levied upon anniversary of card issuance.


13. Airport Lounge Access
Alliance Plat - UNLIMITED access to Plaza Premium Lounge KLIA
Citibank Premier Miles - worldwide airport lounge twice a year (saw thier website need to apply before hand). Access to Plaza Premium Lounge KLIA 12 times a year PLUS the Priority Pass with 2 free admissions worldwide (subsequent need to pay). PP is for principal ONLY
Citibank Plat - Free access to Plaza Premium Lounge KLIA with a limit of 12 times a year
SCB VI - gives Priority Pass membership with UNLIMITED free admissions for principal ONLY
SCB Platinum/WMC - UNLIMITED entries to Plaza Premium Lounge KLIA for principal ONLY
HSBC Premier - don't even have access to Plaza Premium Lounge KLIA
EON Bank Visa Signature - free priority pass membership for limited free lounge visits worldwide
EON Bank (certain platinum cards) - Free access to Plaza Premium Lounge KLIA, LCCT, Senai & Changi (monthly quota applicable)
UOB Privilege Banking Platinum - UNLIMITED access to Plaza Premium Lounge KLIA, LCCT & Senai
UOB Midas & Preferred Platinum - Free access to Plaza Premium Lounge KLIA, LCCT & Senai (subject to monthly access quota of first 400)
RHB Plat - 4X a year at Plaza Premium Lounge KLIA, LCCT and Senai. 4X access shared with supp card (i.e. supp card also can enter free)

Remark: Most of the Platinum cards issued in Malaysia can only grant free access to KLIA Plaza Premium Lounge only, not the lounges in LCCT and JB.
SCB VI through Priority Pass and Amex Platinum charge card at most of the lounges worldwide.

14. Previous versions
Credit Card V2 Thread : http://forum.lowyat.net/topic/594906
Credit Card V3 Thread : http://forum.lowyat.net/topic/691229
Credit Card V4 Thread : http://forum.lowyat.net/topic/741933
Credit Card V5 Thread : http://forum.lowyat.net/topic/842676
Credit Card V6 Thread : http://forum.lowyat.net/topic/953666
Credit Card V7 Thread : http://forum.lowyat.net/topic/1069190
Credit Card V8 Thread : http://forum.lowyat.net/topic/1250745
Credit Card V9 Thread : http://forum.lowyat.net/topic/1264667
Credit Card V10 Thread : http://forum.lowyat.net/topic/1414513
Credit Card V11 Thread : http://forum.lowyat.net/topic/1530782

15. Useful information
BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here. (Courtesy of tishaban) (thanks awaynoway for the updated link)

Credit information:
CCRIS: http://creditbureau.bnm.gov.my/
CCRIS report - go to Bank Negara yourself and use self-service terminal to get report with MyKard (you need to go as need thumb print).
CTOS: http://www.ctos.com.my/
BRIS: http://bris.com.my/index.html

Swipe Smart with 6E:
http://www.abm.org.my/Swipe_Smart_with_6E_...ffectively.aspx

16. FMB - Financial Mediation Bureau
http://www.fmb.org.my/index.htm

17. AKPK
- An agency set up to provide financial education, financial counseling and debt management
http://www.akpk.org.my/Home/tabid/36/Default.aspx

Link to AKPK thread : http://forum.lowyat.net/topic/876712

18. Other Links By Users
A blog about credit cards > My Credit Cards

19. Credit Card/Charge Card Reward Points
Validity of numerous credit card/charge card reward points
1) HSBC - up to 3 years
2) Citibank - reward points are evergreen
3) Maybank - reward points are evergreen
4) CIMB Bank - 3 years
5) Alliance Bank - reward points are evergreen
6) Standard Chartered - 3 years (**SCB VI Choice Points are evergreen)
7) American Express - Membership Rewards Points are evergreen
8) Hong Leong Bank - up to 3 years
9) AmBank - up to 3 years
10) RHB Bank - 3 years for Platinum and 2 years for all cards ranked lower than Platinum
11) UOB - 3 years
12) EON Bank - 3 years

20. Premium Credit Cards and its requirements
1) CIMB & DA World Mastercard Visa Infinite - Min Income Requirement : RM 200k
Existing HSBC Cardholder with CL RM30k and above OR Citibank CL RM50k and above OR Other banks RM70k and above MIGHT also be accepted, limited time promotion only
2) Maybank World Mastercard - Min Income Requirement : RM 240k
3) MBF World Mastercard - Min Income Requirement : RM 200k (By Invitation)
4) Standard Chartered Visa Infinite - Only for Priority Banking customer (RM 250k in deposits)
5) RHB Visa Infinite - Strictly by Invitation Only
6) CIMB Enrich World Mastercard - Strictly by Invitation (those with card usage above RM 500k per annum may be considered)
7) HSBC Premier Mastercard - Only for HSBC Premier customer (RM 200k in deposits)
8) EON Bank VISA Signature - Min Income Requirement : RM180k

21. Best Credit Cards and its categories
Please note these are just recommendations based on normal spending. High spending or specific usage individuals might want to look at other cards.
1) Classic Card = Hong Leong Essential
2) Gold Card = Alliance Younique, AMEX Gold Credit Card
3) Titanium Card = OCBC Titanium
4) Platinum Card = Alliance Platinum / SCB Business Platinum / Citibank Cash Back Platinum / AMEX Platinum Charge Card (assuming AF is waiveable)
5) Visa Signature = EON VS
6) Visa Infinite = SCB VI
7) World MasterCard = Maybank WMC (assuming AF is waiveable)

This post has been edited by MilesAndMore: Dec 13 2010, 10:51 PM

TS, shall add EON Bank Visa Signature in the premium CC range.
Min Income requirement: RM 180k

I only found out about this last night. I booked the room at Park Taipei Hotel for US$405.80 through Expedia. I just check with Agoda just now and was quoted US$474.24 for four nights at the same hotel. Is the price quoted in Agoda after discount or what ? Even after the 7% discount, it is still more expensive than Expedia.

Anyway, i need to know if the price quoted in Agoda is after discount or not because i want to book a hotel room in Hong Kong next. Please let me know soon. Thanks in advance

Done

Number 8 isn't attach properly

Rectified. Thanks for pointing it out.

3. Credit Card linked to Petrol Giants
Public Bank Visa Esso Mobil credit card

19. EON bank 3 year rewards point

well, my credit card gets increasement of Credit Limit two times... will it be noted in CCRIS?

I have read through CCRIS overall, i don't see they will note any credit cards which is under collateral / fixed deposit pledge.

err no idea. pls refer here - hsbc home and away privilege

This post has been edited by erry-: Dec 10 2010, 09:19 PM

SCB WMC cardholders are currently not given any free access to KLIA Plaza Premium Lounge. Only SCB Platinum, Business Platinum and VI give unlimited free entries to the lounge.

This is quite absurd seeing SCB is giving issuing their Plat cc like nobody business

Income requirement for SCB Platinum as well Business Platinum is one of the lowest among all the Platinum series in Malaysia. However, SCB Business Platinum is one of the best Platinum cards in terms of benefits given.

Can elaborate ?

OCBC 1% isn't it equivalent to Amex 2x points? Why OCBC no doubt? Can elaborate? Thanks.

I own a maybank pretonas gold card, limit is rm6k.

I would like to purchase an item about 2k.

I would like to do easy payment for 1 year, does maybank had any easy payment plan.
I google a bit n found there are chargers of interest but my friend which using pbb credit card told me shd be 0% interest.

Any expert of maybank cc?

Added to the first post.



Not sure about this. But they can definitely see your latest total credit limit for all your credit cards issued in Malaysia.


Yes. There is. I am very sure of this. Like 110% sure. I had a secured VISA credit card from HSBC before. You can search for the scanned image of my CCRIS that i posted in the credit card thread version 11.


Read the whole thing. No mention if the discount is given upon checking out on Agoda or it will be reflected in our account statement on a later date.


Because this card gives you 5% discount on all utility bills, all petrol stations, dining and groceries shopping. Any other card that gives you so much discount in one card ? No. Do take note of the RM50 capped per month though.

Go to the shop that you want to make purchase and ask for their advice which card(s) can do 0% interest installment. And don't forget to confirm with them is there any one-time or upfront charges.

I interested in purchasing HTC desire HD which is offer by digi, and i read the Q&A, it saying unable to pay installment.
Q8. Can I pay for the device in installments?
A8. Easy Payment Plan is not currently offered for the devices bundled with DG Smart Plan.

If i wan to do installment, can i call out maybank customer support and ask them to make it as an installment plan for 1 year.
Does they provide 0% interest or not?

Maybank Balance Transfer offering 0% for 12 months transfer scheme.

http://www.maybank2u.com.my/WebBank/251010.pdf

or maybe Maybank EzyPay Plus as well?

http://www.maybank2u.com.my/WebBank/EzyPay%20Plus.jpg
http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

Walk in to our Maybankard centres

Maybankard members can also walk in to these Maybankard centers to convert your transactions:

One utama
KL Main (Menara Maybank)
KLCC
Fax / Email

Fax us at: 03-7953 8600
Or send us an Email at : mbbcardservices@maybank.com.my

Do you own another cc other than MBB?
Maybe you can swipe with MBB cc first, then do (0% or 1%)BT to another cc. Or vice versa.

EzyPay is also an option, but can you accept the interest rate? Go check it out.

A special feature of SCB Business Visa Platinum is that it gives 0.5% cash back (without cash back limit per month or per year) for all retail transactions (except petrol) plus 1x choice point for local spending and 3x choice points for overseas spending. You can redeem RM25 cash back using 5,000 choice points. This is equivalent to 1% cash back for local spending and 2% cash back for overseas spending. This card is good as a backup for big purchases or when you have maximised up the monthly cash back limit for other cards which give more than 1% cash back. SCB Business Visa Platinum cardholders are also entitled to all benefits given to normal SCB Platinum cc, such 3x choice points for overseas transactions, unlimited free access to KLIA Plaza Premium Lounge, 50% discount when dining at Platinum Partners, complementary travel accident insurance of up to RM1mil, etc. Just a reminder that Citibank Cash Back Platinum does not give complementary travel accident insurance unlike what a normal Citiback Platinum cc does.

If you ask for a conversion for a purchase to installment plan from any bank, most of the time it'll be never be 0% ... Period.
The only exception to this is CIMB installment plan for education and medical fees if I'm not mistaken.

This post has been edited by hye: Dec 11 2010, 08:27 AM

They are Education, Hospital, and Insurance premium which can be converted to 0% instalment plan. Subject to minimum RM1,000, and valid till 31-12-2010.

Advice for lung85: If you have not prepared enough fund to buy DESIRE, you may want to put it on hold until you get prepared. If you already have raised enough fund, but wish to seek instalment plan (which only PBB cc can offer) , you better pay in full.

Do you mean you get the HSBC credit card by collateral too?

Thread version 11 on what page ya?

This post has been edited by persistence85: Dec 11 2010, 09:42 AM

Aiya I was just referring to purchasing AA ticket online le.. not to pay utilities or pump petrol. Anyway, thanks.

bought a camera using easy payment scheme few days ago, how come until today, there's still not anything recorded on M2U statement?

my CL is more than twice of the camera price already

redeem parkson voucher worth RM100 for 24, 000 bonus points.

how come i get charged with RM8 for courier service?

Understand the concept of transaction and posting. While the transaction has occurred, the merchant need to post the transaction (to claim) before the card holder will see the transaction in their account.

is that the shop's installment? if thats the case it will only shows when the bill comes.

but it is still quite slow.. few days ago..
is Harvey Norman that slow

I worry MBB might reject the ezypayment application though

No bank will reject good business especially if it is more than 1 year.

But the Available Credit Limit will take effect immediately after you have swipe your credit card to purchase goods.

which bank are you talking about?

oo like that ah

Yes. Pledge by Time Deposit. It is written clearly in the CCRIS report i got from BNM that the particular HSBC VISA is under some sort of collateral. Meaning it is a credit card secured by fixed deposit.


Not sure. Go back to that thread and click show only my post. Easier for you to find.


CIMB Bank is still charging RM8 for delivery to East Malaysia (so much for 1Malaysia, Sabah might as well change its name back to British North Borneo) and as far as i am concerned, a few other banks also charge delivery fee to East Malaysia such as EON Bank and RHB Bank.

EON bank.. how come eh? RM8 courier charge...

---

Added on December 11, 2010, 1:06 pmThanks for clarifying

Did you use ur HSBC time deposit card to apply for other bank's card? Success?

This post has been edited by persistence85: Dec 11 2010, 01:07 PM

No. I had two credit cards from HSBC. The VISA one is secured by Time Deposit while the other is not. Anyway, i had canceled the VISA which is a secured credit card. I am only using the other credit card from HSBC now.

I have applied for credit card from other banks using the only credit card i have now from HSBC and have successfully got two credit cards from Citibank approved. The second credit card from Citibank was approve just 2 days ago

This post has been edited by MilesAndMore: Dec 11 2010, 01:23 PM

dont continue with ur maybank cc! if u swipe full amount then call maybank to convert 0% installment monthly, u will be charged 9%!

as hye said, all bank that offer 0% installment after swipe full amount (then call/sms bank) got 1 time upfront fee, except for cimb/da smart flexi-pay plan (10months) and alliance bank epp (6/12 months - current promo till 31dec).

if u really want it, go find mobile shop that offer 0% installment for ur card (maybank), or go apply alliance bank.
cimb/da smart flexi-pay plan not applicable for mobilephone purchase ~

This post has been edited by erry-: Dec 11 2010, 01:49 PM

Great

btw, how many years you pledge it?

This post has been edited by persistence85: Dec 11 2010, 01:52 PM

That's it... Going to convert my SCB Platinum Visa to SCB Business Visa Platinum.... let's hope can waive the GST :-)

Is the 0.5% cash back creditted at the end of the statement date monthly ?
The RM25 Cash-back is upon request, right ?

Are the Choicepoints evergreen ?

Mind you i applied for the Citibank credit card using my HSBC MasterCard and this MasterCard is not a secured credit card. Just want to avoid any confusion.


It was on 1-year tenure. Auto renewal. But i canceled the card a few months ago.

No it's not evergreen. Only SCB VI ChoicePts is evergrn.
RM25 cashback is not a gift but a redemption item, you need 5,000 pts to redeem that.

i would like to ask you one question. let's say i am applying for my 3rd credit card ©, which scenario is better to get higher limit and better chance of being approved:

scenario 1

Card A: Fully utilized and been paying minimum

Card B: Almost fully utilized and paying minimum

or

scenario 2

Card A: no outstanding at all

Card B: no outstanding at all

Was told most banks prefer scenario 2, but some say they like customers in scenario 1 better so that they can earn from the interest. What do you think?

i'm in scenario 2 and my application for ocbc is rejected

btw i never applied for credit card actually. usually i got it bcoz joining something or opening bank account with them.

maybank & rhb (rhb terminated already) - join palace vacation club and they applied for me.

hsbc - open saving acc (closed already the acc, but continue using cc)

da - open saving acc. that time still southern bank, still using both bank acc (now cimb) & cc

ambank - opening current acc (closed already the cc, but continue using acc)

uob - they approach me

ocbc - this is 1st time applying cc, last oct.
1st time applied using current cc (da >3 years) rejected, 2nd time using all documents also rejected.

tell us ur result then ok?

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

SCB's cash back system is the best, as it states clearly cash back details for every single transaction. Normally the cash back details can be viewed online 3 days after the transaction is made.

You can redeem RM25 cash by using your 5,000 choice points upon request, and the cash will be credited in your account within a week. I normally utilise the choice points earned from my JustOne cc to redeem cash, as the choice points will be expired every 3 years.

Prior to the anniversary of my SCB WMC, I will convert the card to SCB Business Visa Platinum. SCB WMC's benefit really sucks!

I'M BACK

Mm...I wanna be the 100,000th sms sender...but what if there is no 100,000th sms? They are so confident that it will definitely pass the limit.
And this time the minimum spend amount has been increased to 4k, they seems to increase the minimum spend amount from one promotion to another.

Scenario 1 would be the best bet.

Just saw the new Citibank Platinum credit card today. It sparks a much cleaner design and the VISA/MasterCard emblem is moved to the back of the card. The word "PLATINUM" is also made much smaller. Overall, it now looks more like a silver card rather than a platinum card which is great especially to those who do not want people to know they are holding a platinum card

Alright, I got it

your application approval and CL in not just based on above, the banks will also take into consideration of your income and total credit facilities approved by other banks e.g. housing loan, car loan personal loan, OD, etc. Different banks have different evaluation criteria, In the last thread, one guy applied many cards one go and some banks rejected his application and another bank giving him Platinum.

Same sharing that not related to credit card but i think it is pretty good for those always do interbank fund transfer.
Now you can transfer fund to certain banks and getting the fund in receiving account IMMEDIATELY using cimbclicks.

Refer Instant Transfer

This future is good for people who are doing Interbank trasnfer with immediate effect.

http://www.maybank2u.com.my/WebBank/251010.pdf
bout this transfer scheme can provide more detail?

Good to know more and more banks are offering this kind of instant fund transfer service. So, there are currently 3 banks offering this :
- Hong Leong Bank
- EON Bank
- CIMB Bank

By the way, the IBG service fee for CIMB Bank savings/current account has also been revised from RM2/IBG to RM1/IBG.

i know.. but i'm speaking about other card spending and payment pattern here..

this, u using credit card from other bank (not maybank) and have outstanding balance, then transfer it to maybank.
if u choose 12months, then no need to pay any 1 time upfront fee, and the balance will convert to 12months installment.

---

Added on December 11, 2010, 6:55 pmexample, using abc bank credit card and got rm7800 outstanding, transfer to maybank and u need to pay only rm650/month for 12 months.

This post has been edited by erry-: Dec 11 2010, 06:55 PM

I was replying to vanderbilt post, how come pulak you implying I answering your question

This post has been edited by Gen-X: Dec 11 2010, 09:53 PM

Hi just want to know about HSBC annual fees. Is it free?

for HSBC visa platinum is it now free as long as you swipe 12 times a year. Amanah is free also. Today at Midvalley, the HSBC told me that Amanah give cash back and even GST, but I was not interested so didn't bother to ask further. Go check it out.

Free for life :
- HSBC Premier MasterCard
- HSBC Amanah Premier MasterCard
- HSBC Advance VISA
- HSBC Amanah Advance VISA

Minimum 12 swipes per year and annual fee will be waived automatically :
- HSBC Classic VISA/MasterCard
- HSBC Gold VISA/MasterCard
- HSBC VISA Platinum
- HSBC Amanah Gold VISA
- HSBC Amanah VISA Platinum

Ok thanks bro. Btw, what's the diff between Gold Visa/Master and Amanah Gold Visa

Thanks Miles..maybe you can update at the front page.Sorry if i fail to notice it. Btw, do you know any waiver for GST for HSBC?
So far i know for Eon, they give 1% cash back up to RM 50

Just to note ... you can't really "apply" HSBC Premier MC just because you want to. You need to "earn" it.

Amanah as the name implies is based on Islamic principles. So you can't use it for clubbing and non-halal transactions.

Anyway, please note that HSBC overseas transaction is high, read the last few pages of the previous thread.

This post has been edited by Gen-X: Dec 11 2010, 10:54 PM

No. They are not giving any waiver no matter how hard we beg them. Anyway, they do give out free cash for new card approved by xx/xx/xx. You can find out more about this promotion in their website.

Anyone knows how does Citibank credit card fare in terms of exchange rate for overseas transaction ? I have charged AU$188.64 to my Citibank VISA which i received just this evening from Poslaju. Hopefully someone can post your transaction made in AU$ (if any) so we can compare the rates.

Thanks for your info.
Btw, i heard few of my friends saying that it is "worthy" to buy with credit card rather than buying with cash overseas.. any idea?


Thanks Miles..understood...

If you have HSBC or Citibank credit card that gives you lots of discount in certain countries such as Singapore and Hong Kong or if you have a Maybank credit card that gives a very favorable exchange rate, then yes. Definitely. Otherwise, cash probably will help you to minimize the loss in exchange rate better.

This post has been edited by MilesAndMore: Dec 11 2010, 11:05 PM

This is so true when my Ikhwan AMEX got rejected when I wanted to pay for dinner at non-halal Japanese restaurant.

it depends on the exchange rate of the currency at the time of purchase. For example, if you exchange US at money changer a week before you went overseas and while you were there, US currency weaken and then by using the card you will most probably pay less. However if the rate was constant, using card you will end up paying more as there is an admin charge. Do note that some cards do give more points for overseas transactions e.g. RHB Travel & most Plat cards.

Dont' know about HK, but was in SG 2 weeks ago and didn't notice any HSBC promotion but Citibank many shop giving extra 10% discount on top of sale price.

Yeah, most promotions are from Citibank in Singapore which is why i mentioned Hong Kong as well. Because Hong Kong is HSBC's turf

hi guys, i was at motor show earlier and there are alot of cc promoting booth in pwtc, the promoter says that next year the rm50 gst will be canceled?

i look around and cant find any news on this, am i being conned?

Budget 2011 has already announced in the Parliament. No such nonsense!

the promoter just doing their sales ~

When you convert, you still need to pay the RM50 GST also, right ?

there is no way bank will waived gst for new card.
each time new card had been approved, it will be charged with the gst, no matter if not swipe yet.
but several bank offer cash back, so u can use it to cover ur gst.

they can promise but no black and white statement from the mouth of Ministry of Finance , just take it with a pinch of salt when listening to promoter. BTW, should ask for free gift when applying with them.

make sure the free gift is worth more than rm50!

Is it true that HSBC cc got many privileges? Most of the shops asked me whether I have HSBC cc or not, so that I can get further discount for the item that I purchased..
Currently I only have Maybank Sony cc.
Hong Leong classic and CIMB Gold DirectAccess are still on the delivery to my house

since the place u usually go ask for hsbc, then go apply hsbc ~

like me also, 1st 2 times go to baskin robbins paid via DA. the 3rd time paid via HSBC, and suprised - got 10% discount!
later always use HSBC to pay baskin robbins

more info here - http://www.homeandaway.hsbc.com

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.

---

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