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

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tgeoklin
post Apr 4 2011, 06:59 AM

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QUOTE(davidman82 @ Apr 1 2011, 09:58 AM)
RM36k per annual is it already add in all those allowance?Is it based on 2011?
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Based on feedback from my sources in BNM, the income is based on Form J/JA as issued by the IRB tongue.gif
tgeoklin
post Apr 5 2011, 08:18 AM

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QUOTE(Gen-X @ Apr 4 2011, 09:20 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  tongue.gif 
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Ha ha ... you are right .... habits from decades of conditioning ..... blush.gif
tgeoklin
post Sep 27 2011, 03:33 PM

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QUOTE(normanliew @ Sep 27 2011, 12:09 PM)
so now..... if say i am now not doing anything..... no income ..have to return the cards?
2. if say i willl cancel all the cc, how about the balance on my balance transfer installments? can i do a bt before canceling...then how?
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To my understanding, all cardholders have a year to clear off whatever balance on cancellation. However, wheather that's interest free or otherwise, got no idea hmm.gif

The banks are now starting the implementation of this requirement and we expect enforcement to pick up come end of Oct onwards. So be prepare for CL to be slashed and/or cards cancelled etc. whistling.gif

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