Please refer the 1st Thread is status clearly there.

I did. 'the following' meaning the following 1 or the following 2? Clearly there is room for doubt.

The minimum income eligibility for new credit card holders is set at RM24,000 per annum;
For cardholders earning RM36,000 per annum and less, the following would be applicable:
Cardholders can only hold credit cards from a maximum of two issuers.

The maximum credit limit extended to a cardholder shall not exceed two times their monthly income per issuer.

it both for those who earn RM36k below.

This post has been edited by ak1977: Mar 29 2011, 04:15 PM

For those work in Singapore and use Malaysian CC, how will the bank determine the credit limit since their salary is in SGD?

Still no updated news from the bank.
Even citibank provide necessary solutions/options to all affected customer.
http://www.citibank.com.my/english/citi-la...new-measure.htm

bingozero:Can I suggest you revised the title of the thread to "BNM New Rulings on CC" or something like that instead of rules on BNM.

great this topic is pinned so no reason to open new thread.

This post has been edited by Gen-X: Mar 31 2011, 08:02 AM

does it mean if i earn more than Rm36k per annum , i can have more than 2 cards?

Currently I hold more than 2 cards..

exactly

RM36k per annual is it already add in all those allowance?Is it based on 2011?

Based on feedback from my sources in BNM, the income is based on Form J/JA as issued by the IRB

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

 FAQ_BNM030411.pdf ( 63.42k ) Number of downloads: 40


This post has been edited by bingozero: Apr 4 2011, 09:02 PM

tgeoklin, I guess you have not been submitting Borang B/BE for sometime as the government no longer issue J forms since early 2000s


My guess was pretty good on how to proof income.

The thing is, if they want 2010 Borang BE, I no problem, but if they want 2011 Borang BE then I habislah; but that is not the case because 2011 Borang BE not due until April 2012. So I think I should be ok

This post has been edited by Gen-X: Apr 4 2011, 09:24 PM

But my income not around RM24K since I already change the job, let see what the bank will do it for us

Ha ha ... you are right .... habits from decades of conditioning .....

Any IRB guys here, come and get him. hahaha....

good news

heard if you dont meet the requirement or if your income not sufficeint, or if you do business and dont show income... or


u can still use yur current cards or apply new one

condition: guarantor earning well

so use wife or sis or bro become guarantor

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!



This post has been edited by beyond86: Apr 5 2011, 10:44 AM

OMG!

Anybody got idea what will happen to me as a credit card holders as i am a student status

Will it affected me ?

3.Are the new eligibility criteria applicable to new cardholders only?
•Yes, the minimum income requirement is applicable to new cardholders;
•However, the maximum of two (2) Issuers and the Credit Limit of 2x monthly salary shall be applicable to both new and existing cardholders earning below RM36, 000 per annum.

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

This post has been edited by beyond86: Apr 8 2011, 10:42 AM

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?