Read the point system again Alec ... I assume you have the card.

Overseas transaction 5x points and conversion to Enrich points is 5:1 - 1 Enrich point
Local transactions every RM2 spending ... you will get 5 points. Again the conversion to Enrich is 5:1 - 1 Enrich points.

They are not forcing you in any way. (I'm just correcting as every time someone is unhappy with the bank something like this happens ... sigh)
It all depends on the consumer whether they will be taken in with the promo. The consumer has the power to decide ... banks can't force you to use their card.

Just asking anyone has this experience ...

I'm attempting to do a hotel booking via Agoda and at the payment page, I'm presented with 2 options. The site asked me whether I wish to be billed in RM or in USD.

Will I be charged the overseas transaction rate if I choose RM ? (Agoda is not based in Malaysia)

Thank you alexwsk and milentechie!

I'm not sure where you derived such idea but forex exchanges are regulated and what you say is very misleading and confusing to those who have no idea about forex. (Again ... I'm being honest and straight forward and not commenting on anyone's intelligence. I have regular fans who is ready to blast me and read my post religiously ) If what you say is true then please provide proof of your statement which is normally your actual cc charged against daily market forex rates.

The guys who share their information here have used their cards in most countries around the world. And we compared it against MBB daily forex rates, ONANDA/XE (and other major forex tables) and Wawasan.

Read my reply .... I never said based on fixed foreign exchange. Fixed foreign exchange in used for budgetary calculations but for operational use, you need to pay your suppliers/bills/invoices based on daily forex rates. (For companies who has forex exposures)

I used the term daily forex rates.

Well ... it took me slightly longer than a month to finally get my MBB2 cards myself. At least I got the newer card design and they expedited the card embossing process.

On the last lap ... Poslaju messed up the delivery I think and I ended having to run over to the Poslaju office because I want my card badly!

Thank you Gen-X. Yup ... you are right. I choose to be direct rather than beating around the bush.
I used to be absolutely crazy about credit cards like yourself but I got to take off my hat to you for taking the time to write all these information.

Yup. I like the magnetic strip design at the back as well. Kindof unique with the hologram.
My card ends with an 8 - makes me happy!

Actually my savings for the hotel room came as I saw the room price fluctuates by nearly RM200 over the last 48 hours!
Thank god for the internet. They save your money!

What Gen-X and Chemistry said is true ... temporary CL increase are subjected to the discretion of the bank.
I would not be discriminating your intentions to upgrade your CL from Classic card to Gold card but I hope you (and the readers here) understand the risks of high CL. If your income/monthly payments is unable to support that CL then better don't ask for it. We have seen many coming in here with high cc debts and they rant whereas the true fault lies in the card holder to begin with. Let's put it this way ... if you are deservingly entitled to it, the bank would have no qualms in giving whatever card type/CL that you deserves. (They might even beg you if you qualify for Platinum but you only want a Classic card limit!) If you don't deserve it then all the banks will snub you.

Generally all banks practice some form of CL cap for each of their cards types. I doubt so anyone here can provide a comprehensive info on this as this is privileged information and Gen-X has mentioned examples such as RHB Classic card max CL is RM8K and another example is Citibank Platinum max CL is RM450K.

This post has been edited by hye: Mar 9 2011, 09:27 AM

Hahaha .... that's a good one.
Anyway I can see the regular folks here are "encouraging" visitors of this thread the use of search instead of coming in here and asking the question. I believe the frequent contributors (e.g. Gen-X and many others) acquire their cc information by not asking around but instead researching and experiencing it themselves. While there's a belief that one can come in here .... ask a question and you'll be given "shared knowledge" but that's quite one way rite?

Pity Gen-X for having to answer the question so many times and finally he writes them up in a blog! (I still admire that effort .... I read the blog too)

This post has been edited by hye: Mar 9 2011, 02:50 PM

You can be more straight forward and say you don't exactly qualify to apply cc in Singapore.
They have a higher entry qualifier for foreigners and it is the same case for foreigners working here in Malaysia. Don't give incorrect/incomplete information ... there might be people who know and will catch you. And like bro @MilesAndMore mentioned, even if you qualify, the CL will be based on your SG income. Apply a Malaysian cc and there's a hope of better benefits. Yes .... we knew your intention already.

What is told to you is correct. Have a local card to save on conversion rates. Plus using the local card give you access to local promotions (SG) where it is not available for MY/foreign cc.

Still, you can easily apply for debit card in Singapore.

This post has been edited by hye: Mar 10 2011, 02:34 PM

Thank you.

This post has been edited by hye: Mar 10 2011, 03:09 PM

Banks will generally not publish certain promotions online coz there have been many cases where another competing bank will complain to BNM just because another bank is having this xXx promo. (Especially when it comes to free GST because it has happened before where UOB was strongly "advised" by BNM when they publicly published their promo online.) We have talked about this before in the previous version of this thread and this news has once came out online local papers and in the papers (in print).

Not to get wrong by thinking I'm a nasty person ... but really .... have you search via Google or make any effort at all since you looked for the promo online ? The answers will be there.

Just keep in mind that promos will need to come in black and white and in this case HSBC will need to send you the promo details including the cc application form. HSBC CS and HSBC marketing staff are not integrated thus if you ask the CS they won't know ... and in their first place they are supposed to support cc customers and not do sales.

This post has been edited by hye: Mar 10 2011, 04:06 PM

On another hand .... I can't help it if someone is very immature about things.
Just let the guy be ... can't help it if he has a bad temper. I know what I said and the guy thinks it differently. Too bad!

This post has been edited by hye: Mar 10 2011, 04:59 PM

Hey .... spitzupipu!!!!
It is up to you to decide on whether there is any underlying translation or not but I don't have to explain myself to some immature hot tempered boy in here. The way you answered demonstrated the level of your maturity ... thank you for proving that on your own to everyone here. You really are that smart !!

It doesn't matter whether you are able to prove me wrong or not. Your demonstration of your mental capacity is really commendable and I wish you all the best in your career and your life. May you progress well with that attitude of yours. Bless you man!

If you think it is shameful to be honest and forthcoming with information then it is up to you. Really ... how to advise you properly if you did not speak the truth. Advising you wrongly will be irritating right ? You expect people to guess your situation or read your mind online ? If it is that shameful to you then you could PM any of the guys in here. Hey ... you choose to work where ever you want and whatever the challenges are comes with the package. You can't blame people for doing it to you ... you have a choice to walk away. However you choose to stay on to earn a living ... you made your choice and take up whatever people throw at you. Don't raise a tantrum just because you felt victimized ... it is your personal choice. If you deny this then obviously your have yet to mature and face up to realities.

There will be other people who will be reading our posts to your answers. Imagine they took the same approach and got it wrong as well, we're further compounding the problem. I didn't ask anyone to come to my side either. And people answered you after you finally came forward with right info and not before that.

You don't have to read my post. Your choice. All the best and bless ya.

This post has been edited by hye: Mar 10 2011, 10:48 PM

Yup ... you are right.
If you get the call/info directly from HSBC then it should be OK. Still rouge staff may exist. Just make sure everything is in black and white. One example to this practice would be SCB. Promos are not listed but whatever they offer you, it'll likely be written on the piece of paper. Plus, HSBC cc are not known to screw their customers up ... so you should feel safer.

You could write something extra on the application form such as "Please approve my CL to be RMxxK only" etc and you could modify it accordingly. And they should get the message - this lowers (not totally eliminates) the chance of miscommunication/frauds at the point of application.

As much as I remember, HSBC does not outsource their cc application units but instead hire their own staff. But that was a few years back and it may have changed. Emm .... if you do meet an agent ... ask for their business card. That should give you a firm indication whether they are agents or bank staff. Again ... this is only a rule of the thumb ... there are banks who totally outsource their cc marketing. Example SCB via Price Solutions and RHB. (I am not sure)

Either agent or bank staff ... always practice safety when presenting your IC and you may ask for a copy of your application form. These guys will also be careful when you are careful.

This post has been edited by hye: Mar 10 2011, 11:50 PM

Depends on what the bank that you are applying for defines the minimum CL for Platinum. (Can varies)
Honestly ... I won't do that if I were you. It is rather laughable your CL is only RM10K for a Plat card ... you definitely want a good reference card the next time you apply for another Platinum. Banks can see your CL ... you may be able to show off to your pals but you can't fool the cc application processing unit.

Plus to likely successfully waiver Plat cards (unless it is free for life types/minimum swipes), you need to spend "Plat" type spending. If you spend like non-plat .... let's be realistic OK ?

This post has been edited by hye: Mar 10 2011, 11:56 PM

+1
There an absolute danger to this post being abused. Many will just jump in without understanding the dangers.