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BNM New Rulings on CC, No more card to card approve
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azam_halim
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Mar 28 2011, 03:17 AM
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wondering...my salary is below 36k pa, but somehow maybank pre-approve the m2kard platinum..do they somehow consider me above 36k?? i receive the invitation letter for platinum 1 month b4 the new guideline comes out..i've been using the petronas gold all this while..
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azam_halim
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Mar 29 2011, 11:33 AM
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QUOTE(hye @ Mar 28 2011, 05:12 AM) The bank hasn't announced the compliance plans so it is hard to say what will happen. However, on a personal interpretation the BNM announcement did say that CL will be based on your income. I doubt so the bank consider your income to be above RM36K as the invitation is purely from a customer retention/marketing point of view. Likely the bank won't take away your card but instead lower your CL to the compliance level. In worse case scenario, they'll just maintain you at the Gold level card since that is where you started. The BNM announcement did not mention about the impact to the type of card that a cardholder will be subjected to in the compliance plan. And banks generally while they have an official information on what the eligibility level for a particular card product, it is pretty much up to them when it comes to granting the card to their customer. i tot maybe since the 'higher' type esp the plat which comes with their own requirement which is higher that 36k pa, they will just save their trouble haha..
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