LATEST UPDATE: New Measures on Credit Cards by Bank Negara

Proceed from v14: Credit Card v14

**Those wishing to get an agent to assist with your credit card application please post your request at the service noticeboard section as this section is about discussion on credit card issues and not for promoting or seeking agent.

Knowing your cards > http://www.bankinginfo.com.my
1. Visa
2. Mastercard
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. China Union Pay (中国银联)
7. Etc.

1. Annual fee
Annual fee free credit cards :
- CIMB Direct Access
- CIMB Bank
- American Express Green charge card & American Express Gold credit card
- Public Bank (**minimum swipes apply)
- Alliance Bank (**minimum swipes apply)
- UOB Bank (**minimum swipes apply)
- Maybank (**certain cards only)
- EON Bank (**minimum swipes apply)
- Citibank Choice (**minimum swipes apply)
- Hong Leong Bank Essential VISA (**swipe at least twice a month OR spend RM8,000/year)
- AmBank (**certain cards only)
- OCBC (**minimum swipes apply)

2. Credit cards payment methods - http://forum.lowyat.net/topic/1802980

3. Tap and Go Cards - no signature required


4. Credit Card linked to Petrol
- OCBC Titanium MasterCard <> all petrol stations = 5% cash back
- Citibank Cash Back VISA Platinum <> all petrol stations = 5% cash back
- UOB <> BHP Petrol = 2% cash back (UOB One only), 1% cash back (others)
- Citibank <> SHELL (This only applicable for Citibank Shell, Citibank Cashback Plat applies to all petrol stations)
- Maybank/Maybank Islamic <> PETRONAS = 5x Treatpoints
- CIMB Bank/CIMB Islamic <> PETRONAS = 2% cash back
- Public Bank ESSO/Mobil VISA <> ESSO/MOBIL = 0.5 - 5% (tier-based)
- RHB Travel Money <> all petrol stations = 2% cash back (5% cash back every first weekend)
- AMBank Carz <> all petrol stations = 2% cash back (3% for Gold and 5% for Platinum, provided there is an outstanding)
**All range of American Express charge & credit cards give 2x MR/TP on petrol purchases whilst AMEX Gold credit card and Maybankard 2 AMEX give 5x MR/TP. This applies to all petrol brands.
For more info on pumping petrol using cards, please refer to this thread: http://forum.lowyat.net/topic/1798403

5. Standard financial charge (interest rate)
Tier 1 > 13.5% p.a.
Tier 2 > 16% p.a.
Tier 3 > 17.5% p.a.
Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.
Sample calculator can be found here

6. Complimentary Cards
1) HSBC Premier - deposit and maintain RM200k
2) Citibank Citigold - deposit and maintain RM200k
3) Standard Chartered Priority Banking - deposit and maintain RM250k
4) UOB Privilege Banking - Opening deposit of RM300k with maintenance of RM200k
5) OCBC Premier Banking - Opening deposit of RM300k with maintenance of RM200k
6) CIMB Bank Preferred Banking - deposit and maintain RM150k
7) Hong Leong Bank Priority Banking - deposit and maintain RM200k
8) Alliance Bank Privilege Banking - deposit and maintain RM200k
9) RHB Bank Premier Banking - deposit and maintain RM200k
10) Public Bank Red Carpet Banking - deposit and maintain RM500k or a Mutual Gold customer with a total combined deposits of RM200k in savings/current/fixed deposits.

7. American Express - http://forum.lowyat.net/topic/1724607

8. International Transactions - http://forum.lowyat.net/topic/1845691

9. Credit Card Cancellation - http://forum.lowyat.net/topic/1814307

10. Cash Advance fees


11. Verified by Visa and Mastercard Securecode
Verified by Visa ---> http://www.visa-asia.com/ap/sea/merchants/...vbv_intro.shtml
Participating banks :

MasterCard SecureCode ---> http://www.mastercard.com/au/personal/en/c...code/index.html
Participating banks :


12. Balance Transfer - http://forum.lowyat.net/topic/1123346

13. RM50 Government Service Tax - Currently STILL IN FORCE
With effect from 1 January 2010, there will be service tax imposed on credit card as follows :
i. RM50 per annum on each Principal Card; and
ii. RM25 per annum on each Supplementary Card
The service tax will be collected on the date the card is issued, or on the completion of each year or on the date of renewal of the card (except HSBC which will be billed 1 month later). This means that the above mentioned service tax shall be levied on new credit card issued effective from 1 January 2010. For existing credit cards issued before 1 January 2010, the service tax shall be levied upon anniversary of card issuance.


14. Airport Lounge Access - http://forum.lowyat.net/topic/1791878

15. Previous versions


16. Useful information
BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here. (Courtesy of tishaban) (thanks awaynoway for the updated link)

Credit information:
CCRIS: http://creditbureau.bnm.gov.my/
CCRIS report - go to Bank Negara yourself and use self-service terminal to get report with MyKard (you need to go as need thumb print).
CTOS: http://www.ctos.com.my/
BRIS: http://bris.com.my/index.html

Swipe Smart with 6E:
http://www.abm.org.my/Swipe_Smart_with_6E_...ffectively.aspx

17. FMB - Financial Mediation Bureau
http://www.fmb.org.my/index.htm

18. AKPK
- An agency set up to provide financial education, financial counseling and debt management
http://www.akpk.org.my/Home/tabid/36/Default.aspx

Link to AKPK thread : http://forum.lowyat.net/topic/876712

19. Other Links By Users
A blog about credit cards by Gen-X > My Credit Cards

20. Credit Card/Charge Card Reward Points
Validity of numerous credit card/charge card reward points
1) HSBC - up to 3 years
2) Citibank - reward points are evergreen
3) Maybank - reward points are evergreen
4) CIMB Bank - 3 years
5) Alliance Bank - reward points are evergreen
6) Standard Chartered - 3 years (**SCB VI Choice Points are evergreen)
7) American Express - Membership Rewards Points are evergreen
8) Hong Leong Bank - up to 3 years
9) AmBank - up to 3 years
10) RHB Bank - 3 years for Platinum and 2 years for all cards ranked lower than Platinum
11) UOB - 3 years
12) EON Bank - 3 years

21. Premium Credit Cards and its requirements
1) CIMB & DA World Mastercard/Visa Infinite - Min Income Requirement : RM 200k
Existing HSBC Cardholder with CL RM30k and above OR Citibank CL RM50k and above OR Other banks RM70k and above MIGHT also be accepted, limited time promotion only
2) CIMB Enrich World Mastercard - Strictly by Invitation (those with card usage above RM 500k per annum may be considered)
3) CIMB VISA Signature - Min Income Requirement : RM100k
4) Maybank World Mastercard - Min Income Requirement : RM 240k
5) MBF World Mastercard - Min Income Requirement : RM 200k (By Invitation)
6) Standard Chartered Visa Infinite - Only for Priority Banking customer (RM 250k in deposits)
7) RHB Visa Infinite - Strictly by Invitation Only
8) HSBC Premier Mastercard - Only for HSBC Premier customer (RM 200k in deposits)
9) EON Bank VISA Signature - Min Income Requirement : RM180k

22. Best Credit Cards and its categories - Click on ME
Please note these are just recommendations based on normal spending. High spending or specific usage individuals might want to look at other cards.
1) Classic Card = Hong Leong Essential
2) Gold Card = Alliance Younique / Maybankard 2 AMEX Gold
3) Titanium Card = OCBC Titanium / Standard Chartered Titanium (**product withdrawn from new application)
4) Platinum Card = Alliance Platinum / SCB Business Platinum / Citibank Cash Back Platinum / AMEX Platinum Charge Card (assuming AF is waiveable) / Maybankard 2 AMEX Platinum
5) Visa Signature = EON VS
6) Visa Infinite = SCB VI
7) World MasterCard = Maybank WMC (assuming AF is waiveable)
8) For 1st time CC applicants with Degree: DA (Direct Access @ CIMB)
Looking for recommendations? Please refer to this thread: http://forum.lowyat.net/topic/1792023

23. Credit Cards with Complimentary Travel & Accident Insurance
1) All HSBC/HSBC Amanah credit cards
2) All Citibank credit cards (except all co-brand cards, cash back)
3) All Public Bank generic credit cards
4) All Maybank generic credit cards
5) All AMEX charge card & AMEX Platinum credit card
6) All EON Bank credit cards
7) Alliance Bank Platinum

24. OCBC Titanium Credit Card rebates - http://forum.lowyat.net/topic/1791215

25. Reload Touch n Go using credit cards - http://forum.lowyat.net/topic/1803385

This post has been edited by alexwsk: Apr 27 2011, 03:02 PM

Damn.. MY OCBC Titanium MC Application is been reject. I called CS, they said need to write appeal letter for the reason why. Do anyone write it before?

write letter oso no use, you'll get it's management decision
if you fully met the requirements, write a letter to appeal, but not guarantee will be successful

Updates !!!

Maybank
21 Feb 2011
- HKD105 > RM41.45 (HKD100 = RM39.476)

**Wawasan Sentosa's HKD rate on 18/2/2011 was HKD100 = RM39.45


HSBC
23 Feb 2011
- HKD59 > RM23.57 (HKD100 = RM39.949)

**Wawasan Sentosa's HKD rate on 18/2/2011 was HKD100 = RM39.50

This post has been edited by MilesAndMore: Feb 25 2011, 10:04 AM

to apply OCBC, better use ur existing 1 year card which has 10k CL

Thanks for reply. I meet theirs min requirement. I submitted 3 month salary slips, EPF 2010, IC, <1 Years CC. The only things is, I'm afraid that sales executive submit my <1 years CC to apply.

BTW, do u mind to to post sample of appeal letter? Thanks in the advance.

how about your total credit exposure? meaning total credit limits from all your active cards, housing loan, hire purchase. If it's very high, some banks don't like it. And also some banks don't like to approve new customers with high outstanding balance in other cards.

As for the letter, just google letter of appeal and modify accordingly, just a simple one or two lines letter will do

I just only have 1 CC with me. Always full payment before due date. No house loan and hire purchase yet.

This post has been edited by babypao: Feb 25 2011, 10:28 AM

that's strange, since you've submitted all your income documents, actually no need to submit ur cc
so, try to fax or mail your appeal letter and see how

Please heed hye's advice. AKPK is your best option. If you are still 'saving' money for your wedding now...it is very unwise - I am being as polite as possible. Start tracking your expenses and create a monthly budget based on your income. Be realistic and do note that post-wedding expenses will be even greater. Cut your credit card today - nobody here is joking. There is still hope if you make the right choice now.

I also don't have house loan nor HP. Only got a PTPTN, I think it's not stated in CCRIS.
IMHO, an existing cc with sufficiently high limit is even more useful than submitting 3 months payslip regardless of whether meeting income requirement. This is based on my personal experience. It may not apply to everyone.

I submitted EPF for 2010 statement, salary slips. I will try to mail them appeal letter. Thanks for the suggestion.

My exp, I received my 1st ever platinium (Citibank Cash back) 3 months ago. I applied with my 3 year-old Direct Access GOLD with CL 12k.

Although my salary shall be entitle for CL 7k. I agree that apply with existing card. after 1 year, I can start applying for Platinum with my existing platinum~~

Simple & easy. I am writing to DA to upgrade from Gold to Platinum. I just received a call. Most probably will be approved. If I apply with current pay slip, I only can get Gold nia~~

i have cimb cc, can i request them to increase my CL after 1 year ?

any1 know about CIMB GSC buy 1 free 1?

Yea, U can write in and try. In 3 years, my CL from 3k=>7k=> 12k..
nw i m requesting to 20 k.. muahahha..

n intend to get visa platinum.. GSC, buy 1 free 1... but no more petrol rebate.. sad.. will apply OCBC titanium soon~~

Strictly saying, it's not BUY1FREE1 but 'Complimentary ticket for any purchase of normal class ticket(s)'.
No matter how many ticket you buy, you still get 1 free ticket only. Good news is, you can buy everyday

my wife requested to increase cimb cl from 30k to 60k
it was granted without any documents

Pb is the worst
lowest cl.... time to cancel it

pb i got 4k only..since the time i apply for it..never increase at all.
any idea if want will increase upgrade my gold to platinum if i doesnt use card that much ?
average usage about 1k-2k per month only. prompt payment and never have outstanding.
have been using for 3 years at least.

i like platinum so much, its like my goal for credit card, lol.

pb i aso fedup
many years with them yet no increase of cl

can maybank2 u plat be applied with a copy of 1 yr cc? or need all documents?