If your income doesn't meet the requirement, how do u get your Maybank 2 Plat? Isn't the MayBank 2 Plat require high income to apply?

Before the new BNM rules, we can apply using other credit card as reference, if I having a Platinum card as reference, of coz MBB wont't give u a gold card right? You won't accept it either. It is like downgrade. Some of my cards require 100k income per year but I don't have it, they still give it to me...

Banks are probably comfortable with the credit limit already assigned to your card account but not following the bank negara rules will result in a hefty penalty to the bank should they are found not following the bank negara rules. So, i do not think they are willing to take the risk.


How other banks are going to enforce this rule still remains a big ?.


Malaysia is the first and only country to date to impose credit card tax but not this new rule. There are already a few countries having such rule in place and the reason they are doing this is because the Malaysian credit card debt is spiralling out of control!

This post has been edited by MilesAndMore: Sep 7 2011, 04:14 PM

Yup, but I doubt they will send all at once. My guess is those who has low activity in their cards and bad payments first.

This post has been edited by soitsuagain: Sep 7 2011, 04:20 PM

when the purchasing power is low, ppl will misuse the credit facility. personal loan and credit card are one of the tools ppl will misuse

It's has to back to our income issue, big portion of our income spend on House loan and car loan, thats for sure our purchasing power is low in other area, price of a vehicle is damn high. Income increase 5% yearly, inflation 8-10% yearly, how to cope without credit cards and personal loan?

What is the difference? It is better to tighten your belt now than to do it later. Don't you think it will be 10x worse when you have to tighten up with debt? The stress will be unbearable.

How about those on their own business. Income varies every year. some hold more than 2cards and CL RM50k each card. How to justify??

According to maybank
http://www.maybank2u.com.my/WebBank/FAQ-BN...lines110711.pdf

If you are self/employed
o Completed Application Form
o Copy of NRIC (both sides)
o Business Registration Form; AND
o Latest Tax Return & Receipt; OR
o Latest 3 Months Bank Statement; OR
o Latest EPF Statement

Thanks for the info.

What about self employed who holds more than 2 cards, so do they restricted to 2cards if monthly income falls below RM3k (eg commission bases individual)

Likely same rule applies. BNM 2 cards/income rule did not differentiate whether it is self owned business or employed.
For example, if the business income is RM36K per annum, it would not be different from a personal (salaried) income of RM36K unless my mathematics is wrong.

This post has been edited by hye: Sep 23 2011, 11:48 AM

but up to now, not yet emphasize

so now..... if say i am now not doing anything..... no income ..have to return the cards?


2. if say i willl cancel all the cc, how about the balance on my balance transfer installments? can i do a bt before canceling...then how?

To my understanding, all cardholders have a year to clear off whatever balance on cancellation. However, wheather that's interest free or otherwise, got no idea

The banks are now starting the implementation of this requirement and we expect enforcement to pick up come end of Oct onwards. So be prepare for CL to be slashed and/or cards cancelled etc.

Cardholders will be given at least two years to service their outstanding credit card debt for the credit cards that have been cancelled for the purpose of meeting the requirement.

For existing cardholders, whose credit card outstanding balance exceeds the maximum credit limit of two times their monthly income per issuer, a grace period of two years will also be given to them to meet the new requirement.

documented income below RM36k pa. Received letter from Citibank to submit income stmt. Now having 5 cc (citibank choice, scb plat,hlb plat, DA plat and hsbc gold) dunno which one to cancel almost all have direct debit instructions. sigh!!

choose the 2 with the highest CL...haha

me working in sg and gross salary sgd1800 monthly.it is consider over rm36k per annum?got do conversion to rm?

THERE ARE so many people who can cope without credit cards outstanding (pay full amount) and personal loan

THERE ARE also so many people who can purchase car and house with full payment. i knew few of them

yes u should be under category over rm36k/year ~

I received a letter from Maybank just now, requesting me to submit my income documents because according to them, my annual income is in the RM36,000 and below category.

In the letter, it says that i must update my information with them before 30 Nov 2011 and failure to do so will result in my credit limit being reduced or worse, card will be canceled because i cannot have credit cards issued by more than 2 different banks.

I called Maybank CS and i was shocked to learn that they thought i am holding a Maybankard AMEX Gold credit card. The said Maybankard AMEX Gold credit card is the original and first AMEX Gold credit card issued by Maybank bearing the Maybankard logo and is no longer issued now.

Anyway, i told them i did have that card but i was just a supplementary card holder and they should refer to my latest information in the system. So, the CS checked further into their system and found out that i do not actually have to submit my income document again because i am actually in the earning above RM36,000/pa category. The CS said that those in the credit card department might have overlooked my details. She promised she will get back to me by today. Will see.

By the way, one will get 3,000 free TP after you've submitted your income document. There is also a Maybankard brochure inside the envelope and the one i received is explaining the benefits of a Maybankard Gold card

This post has been edited by MilesAndMore: Nov 15 2011, 01:24 PM