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 BNM New Rulings on CC, No more card to card approve

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s_kates81
post May 26 2013, 03:08 PM

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Hi Guys. Are there any banks who still doing card to card approve? Or its already a thing of the past. Tq
alexwsk
post May 26 2013, 03:40 PM

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QUOTE(s_kates81 @ May 26 2013, 03:08 PM)
Hi Guys. Are there any banks who still doing card to card approve? Or its already a thing of the past. Tq
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no more, all banks must adhere to BNM's rules
cwhong
post Jun 9 2013, 12:12 AM

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How many cards that one person can own, if the salary is more tha 3k? Just curious coz there is no guidelines on the maximun cards, say about different bank CC.........
jwwc
post Jun 9 2013, 09:37 AM

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QUOTE(cwhong @ Jun 9 2013, 12:12 AM)
How many cards that one person can own, if the salary is more tha 3k? Just curious coz there is no guidelines on the maximun cards, say about different bank CC.........
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theres no max limit if salary more than 3k
cwhong
post Jun 9 2013, 10:20 PM

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QUOTE(jwwc @ Jun 9 2013, 09:37 AM)
theres no max limit if salary more than 3k
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Ok, thanks....
Human Nature
post Jul 6 2013, 02:07 PM

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The central bank has also prohibited the offering of pre-approved personal financing products, such as unsolicited pre-approved credit cards.

http://www.nst.com.my/nation/general/tight...w5ii%2F7.186670
RobertKoon
post Jul 10 2013, 02:39 AM

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My current income is less than 36k, but my credit limit is 104k , any problem with the BNM new guideline that the maximum credit limit extended to a cardholder shall not exceed two times their monthly income? I increase my credit limit by pledged the Fixed Deposit at year 2010.
TSbingozero
post Jul 11 2013, 08:40 AM

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QUOTE(RobertKoon @ Jul 10 2013, 02:39 AM)
My current income is less than 36k, but my credit limit is 104k , any problem with the BNM new guideline that the maximum credit limit extended to a cardholder shall not exceed two times their monthly income? I increase my credit limit by pledged the Fixed Deposit at year 2010.
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Please don't worry, the bank will review the card user and tell them to summit the latest income document. Credit limit will be reduce according to the annual income.
avengers88
post Jul 11 2013, 05:43 PM

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If my salary is 3.1k , will i still be limited to 2 credit cards ?
Human Nature
post Jul 11 2013, 05:49 PM

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QUOTE(avengers88 @ Jul 11 2013, 05:43 PM)
If my salary is 3.1k , will i still be limited to 2 credit cards ?
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already above the min requirement, so you may have CC more than 2 banks

This post has been edited by Human Nature: Jul 11 2013, 06:26 PM
zwanvedder
post Jul 18 2013, 10:25 AM

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my gross salary around 6k++...oredi owned 3 CCs(total limit around 25k), n now im viewing and interested with Maybank 2cards(AMEX), can i proceed with my application? any chance my application will be rejected by bank?
actually my intention to terminate one of my CC to take this maybank card...
Ricky300
post Jul 18 2013, 10:28 AM

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QUOTE(zwanvedder @ Jul 18 2013, 10:25 AM)
my gross salary around 6k++...oredi owned 3 CCs(total limit around 25k), n now im viewing and interested with Maybank 2cards(AMEX), can i proceed with my application? any chance my application will be rejected by bank?
actually my intention to terminate one of my CC to take this maybank card...
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No worries..just go and apply your credit card =)
duckaton
post Aug 10 2013, 08:15 PM

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QUOTE(RobertKoon @ Jul 10 2013, 02:39 AM)
My current income is less than 36k, but my credit limit is 104k , any problem with the BNM new guideline that the maximum credit limit extended to a cardholder shall not exceed two times their monthly income? I increase my credit limit by pledged the Fixed Deposit at year 2010.
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there you go...
duckaton
post Aug 10 2013, 08:17 PM

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QUOTE(Human Nature @ Jul 6 2013, 02:07 PM)
The central bank has also prohibited the offering of pre-approved personal financing products, such as unsolicited pre-approved credit cards.

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say oni, no real enforcements.
still got banks calling up offer cards...
Human Nature
post Aug 10 2013, 08:36 PM

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QUOTE(duckaton @ Aug 10 2013, 08:17 PM)
say oni, no real enforcements.
still got banks calling up offer cards...
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Consumers should play an active role too. File a complaint to Bank Negara
duckaton
post Aug 10 2013, 09:02 PM

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QUOTE(Human Nature @ Aug 10 2013, 08:36 PM)
Consumers should play an active role too. File a complaint to Bank Negara
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no proof unless i accept the card offer.

I won't wanto ask the caller's name
and then complain to jeopardise his job.

i am sure bnm will only give warning to to bank,
if there action taken.
Human Nature
post Aug 10 2013, 10:46 PM

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QUOTE(duckaton @ Aug 10 2013, 09:02 PM)
no proof unless i accept the card offer.

I won't wanto ask the caller's name
and then complain to jeopardise his job.

i am sure bnm will only give warning to to bank,
if there action taken.
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Even a warning is good enough.

For example, the SMS alert policy. I have successfully ensure that two of the biggest bank comply with it once Bank Negara steps in.
DarReNz
post Sep 4 2013, 05:02 PM

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is BNM rulings that now the penalty of bounced cheque is RM 100 ? Standard chartered bank is the highest now at RM150
kenv09
post Sep 17 2013, 09:28 AM

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If pledge fd to get cc. What are the terms for the fd? Like monthly? Can withdraw anytime?
TSbingozero
post Sep 18 2013, 08:27 PM

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QUOTE(kenv09 @ Sep 17 2013, 09:28 AM)
If pledge fd to get cc. What are the terms for the fd? Like monthly? Can withdraw anytime?
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Some bank provided this kind of service.
The credit limit of the card is equivalent to FD placement amount and if you withdraw the FD, you must cancel the card at the same time as well.
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