Mar 27 2011, 07:25 AM
QUOTE(MilesAndMore @ Mar 26 2011, 11:32 AM)
QUOTE
Separate credit card criteria for retirees
PETALING JAYA: The new credit card application guidelines do not apply to pensioners or retirees, said Bank Negara.
An official said the raise in income requirement to RM24,000 from RM18,000 per annum was solely for those with a monthly income, adding that banks had their own guidelines to assess the credit worthiness of retirees.
Association of Banks Malaysia executive director Chuah Mei Lin said pensioners would stand a higher chance of getting their applications approved if they had a good track record of servicing housing or other loans.
AmBank Group public affairs head Syed Anuar Syed Ali said applicants' credit rating was assessed individually.
Citibank Bhd public relations officer Jaya Menon said an internal guideline would be used to assess the credit worthiness of applicants who are not on a monthly income.
Source - The Star (26/3/11
PETALING JAYA: The new credit card application guidelines do not apply to pensioners or retirees, said Bank Negara.
An official said the raise in income requirement to RM24,000 from RM18,000 per annum was solely for those with a monthly income, adding that banks had their own guidelines to assess the credit worthiness of retirees.
Association of Banks Malaysia executive director Chuah Mei Lin said pensioners would stand a higher chance of getting their applications approved if they had a good track record of servicing housing or other loans.
AmBank Group public affairs head Syed Anuar Syed Ali said applicants' credit rating was assessed individually.
Citibank Bhd public relations officer Jaya Menon said an internal guideline would be used to assess the credit worthiness of applicants who are not on a monthly income.
Source - The Star (26/3/11
This post has been edited by David83: Mar 27 2011, 07:25 AM
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