call mbf to cancel my 2 cards under same issuer. they dun suggest me to cancel n told me tat everything is free for me. waive gst n annual fee n ask me don't cancel  i told them tat bnm impose new guideline n she mention tat it's nt confirm yet and all d bank is in discussing bout tis matter. i dunno hw true is tis. any1 can confirm?

http://www.maybank2u.com.my/WebBank/FAQ_BNM030411.pdf

However, we encourage you to retain your Maybankards and cancel your other Credit Cards as they come packed with a complete suite of benefits and privileges from Lifetime Annual Fee Waivers, Low Finance Charges to non-expiring TreatsPoints, Maybank2u convenience, access to large branch network and more!

Another news just came in. No more sudden credit limit increase and we'll soon all have to key-in our PIN number to buy something with our credit cards.

[attachmentid=2102566]

Update by maybank
http://www.maybank2u.com.my/WebBank/FAQ_BNM030411.pdf

Line number 10
Are the new guidelines applicable to the American Express Charge Cards?
No. The guidelines are only applicable to Credit Cards only

[attachmentid=2135335]

I got mail. HSBC just increased my CL without my consent.
So.. is MBB2 Amex a credit card or charge card?

This is so irony. Their CC is not the best in the town.

I got mail. HSBC just increased my CL without my consent.

if you read carefully, it's written that u can only get cards from 2 bank ISSUERS if your income is less than RM 36l per annum...so meaning the number of cards per bank is depend on the approval from the bank itself and not BNM la...well this is my 2 sen opinion...any will still keep my citibank clear & shell card..another bank to go..which one then?

no offense but shell card is a rubbish card. if that person use other banks cc to apply new credit card, they wont know his or her income

if you read carefully, it's written that u can only get cards from 2 bank ISSUERS if your income is less than RM 36l per annum...so meaning the number of cards per bank is depend on the approval from the bank itself and not BNM la...well this is my 2 sen opinion...any will still keep my citibank clear & shell card..another bank to go..which one then?

Insider tips - ABM is trying to come up with a method to justify a person's income via proxy based on the customer's cards, housing loan or hire purchase then propose to BNM as a justification for a said customer's income.

And you quoted me because ??    What you replied is irrelevant to my post.

If I don't have have any loans but got many cards can ar? They should just adopt my suggestions, no outstanding balance for 12 consecutive months, then the individual not subjected to the guideline. That would immediately translate to half the battle being won.

hahaha, newbie trying to tell "you" to read carefully and sharing with you that you can have many cards but only from 2 banks, as if you not aware

The problem with BNM is they leave everything ambiguous and expect the banks to do the dirty job.
For example, a guys with income RM36k may retain 2 issuer. So currently he has 4 issuers, which bank want to make the 1st move to cut the guy's line and card? I bet that no bank wants to take the first step.
When BNM audit the banks, what is the banks best defense? They can claim that the guy wants to stay with them and it's the other banks whom should cut the relationship.

Anyway, that's just my opinion. I just can't seem to figure out this could be implemented for existing card holders.

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Added on April 11, 2011, 11:48 pmInsider tips - ABM is trying to come up with a method to justify a person's income via proxy based on the customer's cards, housing loan or hire purchase then propose to BNM as a justification for a said customer's income.

Like I say, no one wants to lose the current pie they are holding.

Yeah ... it's ok if he quoted the right one but his reply was totally out of topic man ... and that post of mine was posted almost a month ago. Read carefully before hitting the reply button-lah.

You wouldn't be affected because your income more than that already
The banks are desperate trying to retain their market shares, who knows; they might adopt that. haha provided BNM agrees to their proposal.

It's funny when CIMB and Maybank declared that only 8% of their card base is less RM36k and less. Hard to believe though.

Hahaha ... it is rather hilarious when those newbies advise what the seniors in here already know.
Not understanding that in this part of LYN, the senior folks here know the subject well (unlike in other threads) .... like a technical cc specialist. We even have an expert blogger on the subject!

BNM should probably come up with a guideline like this and enforce it.
1. If user has credit cards from 2 issuers or less, then come expiry... nothing happens.
2. If user has credit cards from 3 or more issuers, then when the first card expires it will automatically be terminated by the issuer. This will go on automatically until 2 issuers are left. This should force the users to choose which ones to keep, and which ones to terminate.

This is so irony. Their CC is not the best in the town.

When I read the PDF, I nearly wanted to laugh out loud!

KUALA LUMPUR: Bank Negara Malaysia will implement SMS alerts for credit card transactions by Jan 1, 2012, in a bid to curb fraud.

A BNM official said card holders may respond to the SMS after the transaction was performed.

"If the transaction is not made by them, they can call the bank to cancel it and alert the police," she said Wednesday.

She said this would be followed by the implementation of the personal identification number verification for all card transactions from Jan 1, 2015 onwards.

BNM and banks in the country would continue to improve the security of the credit card, she said.

"The main issue is to enhance security of the credit cards and not the mechanism of delivering them," she said, when asked on steps taken by BNM to curb rising credit card fraud, including the arrest of seven postmen by the police recently.

On Tuesday, Kuala Lumpur police deputy chief Datuk Amar Singh Ishar Singh said the seven were among 13 people detained by the police in connection with the interception of letters containing credit cards. - Bernama

Need bring the hp always.
Too many fraud cases