Now that they are going to restrict the number of cards, they should remove the not-very-effective system of charging RM50 per card.

1) For those on a monthly income, banks exploit the fact that they have a steady income stream, and hence have the ability to pay on an on-going basis.

2) For those without a monthly income, banks determine their eligibility based on a different set of criteria like their total investment with the bank, their good credit record, etc, etc. If you are not a valued customer, they will laugh at you and show you the front door if you attempt to apply for a CC. If you are valued, they would be pestering you to accept CCs you never even applied for.

So yes, there are two vastly different standards.