the 3 digit secure code from long time ago already at behind

Total income as mentioned by BNM includes fixed allowances or not?

Should be basic pay since minimum income to apply a credit card already increase to RM24,000

my salary now is below 36k...

my CC now is Maybankard 2 Card, CIMB Petronas and also CIMB Visa Signature (supplementary).....is is ok??or need to cancel 1 card??

No need, you can have cards issued by 2 different banks i.e. 10 cards from 1 bank .

i think no need cancel if already got card liao

they cannot pebnalise u ...unless bank request us to cancel

I got a letter from Citibank asking me to prove my salary d.
Guess they are going to be verify one by one...

Is the said credit card due for renewal (i mean its anniversary month) in the next few months ?

Yup, just next month...

After verify maybe the credit limit will make the adjustment too?

Mayb, i already mail them my salary slip, lets wait n c...

BNM is expected to take new measures to further control the use of credit, including a requirement for a second or more credit card must be presented two months of payroll!

It is understood, the National Bank and commercial banks who have been meeting to discuss the new measures; expected that the new regulations will be included in published October 7, 2012 Budget.

Credit card sales agents and Effective Synergy Sdn Bhd managing director Chen Hanguo that in the past, the National Bank first credit card application is only required to produce those two months of payroll, for a second or third time just goes to identity cards certified copies.

Income customers are willing to open

"Unless the customer a great need for a second or third credit card, otherwise the new measures will certainly affect the credit of the source, because many customers are reluctant to open their own income."

Chenhan Guo said that since the beginning of the year, deteriorating credit card business agency staff; BNM Strict new measures will give them the credit card business worse.

4,000 salesman forced to change jobs

"The government announced in RM3, 000 the following year, the national income can not hold more than two cards of the measures has resulted in 60% of the credit card agency closed down, there are 4,000 salesman forced to change jobs.

"In the 2008 peak of about 80 credit agency, but only about 12."

"The industry has more than 80% of sales are ethnic Chinese, most are not well educated, looking to switch to a monthly income of 3,000 to 4,000 ringgit is not easy."

Chen Hanguo also pointed out that since the government credit card services from the tax levy last year, Credit Card Holders from the 2009 peak of 960 million people in 2010 fell to 7.5 million as of June 2011, further reduced to 7.4 million .

In this year announced the following income limits RM3, 000 people who can not hold more than two cards of the measures, resulting in this period, 60% of credit card sales company closed down, there are 4,000 salesman forced to change jobs.





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This post has been edited by bingozero: Aug 27 2011, 05:15 PM

Be quick for those who want to apply for the credit card before announce in Budget 2012 at 7-OCT-2011

In another related report by Sin Chew Jit Poh, this rule may take effect earlier than expected. Some said it could be in September 2011.

how about fourth and fifth credit card application ? does BNM allow existing credit card to be used as a reference ?

i think the same scenario too
need to given 2 month salary slip for further CC application
most probably will be commence on sept

Let's think in a positive way. I welcome this move, and credit cards are only issued to those who are able to repay.

Besides, it will help to stop banks simply issue premium cards like WMC and VI to those who are not really qualified.

look like bank start update their client income already, but still haven't get letter from bank

So how can we still apply with a reference card or is it not possible only after the announced budget?

updated news stated that must show income