I'd advise you to check out your CIMBClicks for the updated information. While the statement information may be slightly lagging but the online information should be more or less updated. If the online system is showing a negative value (and check out the payment due information) then you should not worry about the payment due over the next few days.

If still unsure then check with CS of course. Wouldn't want you to incur finance/late charges + lose your consecutive payments due to bad advise.

Agreed. I don't see any problems me receiving the SMSes so long the bank don't charge me. You don't like the SMS, just delete them after receiving them. It'll be bothersome if you are are using your card every minute of the day but do you really use your credit card that many times in a day until your phone beeps every second or every minute? Likely you'll see a lot of activities (and SMS being received) during weekends when a typical weekend spending occurs. Otherwise ... the frequency of SMS will depends on your spending patterns.

Anyway, at the end of the day this implementation is designed with the consumers interest in mind so I don't see any problem to it. Nor I don't see it being a nuisance unless the consumer uses the card so much in a day. (You'll begin to think for what as well) Mobiles phones also have silent mode so the SMS notification won't be bothersome.

Consumers in Malaysia tend to blame others if something goes wrong - in today's paper, ponzi scheme customers are claiming they are unaware the scheme is illegal and without approval from regulatory authorities. Yeah sure ... coz I'm sure they didn't complain when they were getting higher than usual returns vs. usual market offerings.

The SMS system is a step in a right direction in fraud detection and consumer protection.
So if receiving SMS is bothersome then later so is keying in your PIN for every cc usage. Think positively people!

This post has been edited by hye: Apr 14 2011, 03:46 PM

Agreed with ya.
But again ... with the SMS notification requirement, it is obviously that the SMS infrastructure need to be rethought as well. And I'm sure if we have thought about this the folks over at the bank have thought about this as well.

Let's not jump the gun yet as implementation is still a few months down the road.

Yes ... but please check the T&C carefully. If I'm not mistaken the cc (complimentary) version is a lesser one then if you were to purchase a separate travel insurance on your own. And do take your time to understand the coverage provided and understand how to utilise it if necessary.

No problem. At least you asked in the right area.

---

Added on April 15, 2011, 3:39 pmJust to add since a lot of people ask about cc booth - CIMB opened a cc booth over in KLCC (Premier Card Collection). All card type application are available but I'm not sure for how many days. (Booth opened today)

So all those interested in CIMB cards then can just hop over to KLCC.

This post has been edited by hye: Apr 15 2011, 03:39 PM

No lah ... I am rather fussy about my credit cards. I keep my expectations realistic and low, that's all.

The CIMB card promoter whom I spoke to got very careful just now because I am able to point out mistakes and features of the card product that the person is not even aware of. Promoter even tried to make comparison to other bank cc products as well (and make their own product look good) but I knew the cons of their own card product as well vs. other banks.

The promoter got so nervous

It is located over @ the 1st floor, near the (side) entrance to Maxis within the mall area. The booth is not within the CIMB bank premises itself, so it is not opposite RHB.
KLCC - used for the main mall area. Kuala Lumpur City Centre.

Kuala Lumpur Convention Centre, we normally call it Convex and not KLCC if I'm not mistaken.

---

Added on April 15, 2011, 4:59 pmThanks for your support ! Hope to have more like yourself to benefit from the information that many here share for the benefit of others.

This post has been edited by hye: Apr 15 2011, 05:00 PM

Don't fall for the marketing gimmick. The senior cc advisers here know what card is good or not ... just up to readers here to take our word for it. Plus we have discussed extensively about this card when it came out until we don't want to discuss about it anymore. So, search for the info if you want it, don't waste our time just so that you'll save your own time.

Often ... readers came in here want us to reaffirm their decision making or seek an opinion whereas they already made up their mind.
But really ... what is good card or not is subject to one's needs.

This post has been edited by hye: Apr 18 2011, 05:22 PM

I don't dare lah ... always a lot of people over at this KFC. People behind you gonna get very mad for wasting their time.
Their cc terminals I suspect are all if not mostly operational, they are too arrogant to let the customers use it and even their supervisors I suspect are in cahoots.

Still if there's a way I could lodge a complaint and be sure of action taken, I would have done so.

Don't you think it means the same thing ? They "will follow" does have the same meaning they "will implement".
New credit card application is already impacted by this ruling and the compliance date for existing card holders would be at the end of this year.

Then their answers will be product bias already since they need to support the bank ....

This method may not work very well coz you are dealing with HSBC. They are known to be careful with their selection of cc customers. FD pledge may work, cutting corners - NO.

As Bro MilesAndMore already mentioned, a RM30K CL with qualify you to this card (which I believe similar CL requirement when it was a Platinum card). The bank officer told me as well when I applied for the card several years back.

@turion64 & everyone else.

I have zero tolerance for less than desired language in the cc threads (for whatever reasons it may be), everyone please take note.

There are ways that you could express yourself without resorting to improper language.

Thank you. I was concerned about your earlier reply as well.

Getting a waiver for SCB cards is not impossible but waiver is not automatic. You have to call in and ask whether they can waive it for you.

Go to the AsiaMiles website and you can figure out the conversion yourself.
A lot of AsiaMiles will be required before you can get an almost free flight ticket. (You still need to bear the airport tax)

+1. If you are looking for 5x or 3x point for local spending on Mastercard/VISA then I can tell you good luck on your search because there's no such card in existence in Malaysia. The best would be 2x but if you want maximum points + rebate then good luck again to you.

You sounded like you have a preference for a particular product so just go ahead with it. Each of us here have our preference too but it doesn't fit what you want/have in mind.

High possibility for a CL increase the bank will ask for payslip. If you want to use your Plat card as ref then tough luck, unlikely it will be accepted.

May I know what are you trying to achieve or find out here ?
FYI, CL should not be used as a determination of a person's salary range. For example, I have cc which have RM1K CL and RM3K CL, so what's my salary ?

CL offered by the bank is not determined by the salary alone and there are many factors which impact CL.

This post has been edited by hye: May 4 2011, 03:50 PM

Some time back a forummer did briefly discuss this info in here when news first broke out about the BNM ruling. What I can safely say is that likely there will be a mechanism which checks your income for example income tax or EPF submission and for those without such info ... the bank will ask you to submit your income. These have yet to be finalised and i believe BNM and the banks and still working out the mechanism to do so.

Banks normally use a multiplier between 2x and 3x to set your CL but many here will agree this is not accurate and unfair to use as a yardstick to your income.
CL can be RM1K or RM3K but does it mean my monthly salary is RM1K , RM1.5K or RM3K per month ? Likewise for high CL card holders.

Personally I don't think the bank will use CL as means to determine your income because I know it is not accurate. The banks know this too and they have to comply with BNM ruling and the only way I see to do this is via checking out your official income declaration documents.

This post has been edited by hye: May 4 2011, 05:01 PM