HAHAHA Seem that I'm over greedy lol, I'm a beginner in Credit Card.
I first met MBF card that pamper me with 11% in return(not guarantee-but I feel that getting one 1 among the 6 app code is quite easy)
So, making me to feel that 2.5% is quite low

Okok now I know that 2.5% is counted high, I'll go do somemore homework about this, hehe

OPSY, Your guessing is wrong, I don't like gamble
Ha!
I swipe things that I need instead of pay cash and have a chance to get 11% back,
I'm trying my luck, good to have hope you know
ah how to say..

Swiping card is diff from gamble,
gamble you'll lose, but swiping card you have nothing to lose.

1. Annual Income: RM30K to RM36K (GROSS)

2. Free Lifetime Annual Fee: Must or Minimum Swipe 12 times per annum

3. Card required for: Petrol, Online Payment for Professional Exam fee, Online Shopping, Occasional dining expenses

4. Existing credit cards if any: Nil.

5. Preferred Bank or Considering CC from banks: None so far

6. Others: I generally spend very less, just +/-RM150 for petrol. Very rare on dining and entertainment unless the occasion arises(you can consider me a cheapskate person). Mainly want a CC so I can make purchases and payment online and making use of online payment facility such as Paypal etc.

7. Estimated Spending per month with the card: Less than RM1K (in fact most likely <RM300)

Thank You

For your case, you can try Free For Life no conditions Maybankard 2 Cards where you get a AMEX and Visa or MasterCard.

Since your expenses is most likely less than RM300/month, the best thing about this Maybankard 2 Cards is that if you can charge your expenses to the AMEX card on weekends, then you can actually earn something out from it. You see, even though you have two cards, you are only charge GST for the Visa of MC because for the AMEX Card the GST is absorbed by Maybank.

The MBB 2 AMEX earns you 5X TP everyday and 5% on Saturday and Sunday. Even if you only spend RM200 a month, that's RM2400 per year. You would earn 12,000 Treats Points and RM120 cash back in 1 year. You can then use 10,000 Treats Points to offset the RM50 GST and still have balance 2000 Treats Points. And MBB TP are evergreen and thus carry forward the TP to following years.

And where the AMEX is not welcome, say for your Professional Exam Fee, you can use the Visa or MasterCard.

If your MBB 2 Card application is rejected, then look into UOB One Card where at least you will earn something meaningful from your petrol expenses which can offset the RM50 GST. Only thing is that they have a stupid requirement that you need to swipe 60 times for annual fee waiver. But at least the first year annual fee is waived and you only need to worry about annual fee for following years and by that time you should be able to qualify for better cards.

Hi,
Please advice for below.

I had have both Maybank 2(AMEX + Visa) and Maybank Petronas Visa Card , should i terminate my existing Petronas VisaCard as I found tedious to call up Astro and Insurance company to update my new credit card info.

Thanks

Well, I am sure that the Rakyat of Malaysia welcome your generosity in donating RM50 GST every year

Actually Astro is not tedious at all, just call them up. As for Insurance, call your agent to bring the form to you, sign it on the spot and get him to submit it. Alternatively, if you can't go to the Insurance Office, call them up and see if they can fax the form to you or maybe it can even be done over the phone.

frankly speaking
that's one of the card i would avoid
due to the tier rebate system on petrol and only cashback to us in RM 50 block if not mistaken

Hi Guru,
Thinking of getting a new card and plan to have sub card for my wife,so that she can cancel her card(HSBC)

1. Annual Income: 100k according income tax
2. Free Lifetime Annual Fee: prefer
3. Card required for: Groceries, Utilities, Petrol, shopping, dining, medical bills, car services
4. Existing credit cards if any: [/B]HSBC gold
5. Preferred Bank or Considering CC from banks: look for the best rebate and no manual fees
6. Estimated Spending per month with the card: around 2-3k
7. Others: 0% installment.

What card should I get instead?

Thanks in advance!

This post has been edited by alvincks: Jul 24 2012, 02:24 AM

Hi, you could consider the combination of Maybank 2 cards + OCBC Titanium.

The MBB 2 AMEX earns you 5X TP everyday and 5% cashback on weekends. Annual fee is waived.

The OCBC Ti gives you 5% cashback for petrol, dining, groceries and utilities. 1% for others. Annual fee is waived for 12x swipes. RM50 cashback after RM10000 spend.

I agree with Human Nature on getting both the OCBC and MBB2 Cards for your case.

However I also noted you mentioned you spend up to RM3K and your wife has her own card. Now if your wife has income or pays income tax, then she should also consider getting her own Principal Maybankard 2 Cards or OCBC Titanium MasterCard. This is because with you having the OCBC TMC and MBB2 Card, with RM3K spending you only get back RM100 cash back; but add another principal card from your wife, you can get up to RM150/month cash back.

Say for example, you and your wife's total expenses for Petrol, Groceries, TNB, Telco, Astro, Syabas and eating out is more than RM1K. Then it would be beneficial for your wife to get her own Principal OCBC TMC card too because OCBC Cash Back is capped at RM50/month. You get nothing once you hit the monthly cap.

On the other hand, if your wife shops a lot at places that accept AMEX (like AEON, MJ, Parkson, Mid Valley or 1U), then the Maybankard 2 Cards may be more appropriate as she can earn approximately 2.5% which is better than OCBC TMC 1% cash back. Better still if she spends money on Saturday and Sunday where the MBB AMEX earns her extra 5% cash back.

Click here to read my Maybankard 2 Cards Review where I did a comparison versus OCBC Titanium MasterCard. Spend RM1K/month with the MBB 2 AMEX and in a year, in additional to earning up to RM600 cash back you will have 60,000 Treats Points to redeem RM300 Parkson cash vouchers.

And to show you how good the Maybankard 2 AMEX is with 5X TP, click here to read my article FREE Money from Maybankard and Bonus Link for my wife's SK-II

As for medical bills and car servicing, if they accept AMEX best. But if they don't and you hit the monthly cash back cap with OCBC TMC, then you can either use your HSBC credit card or the Maybankard 2 Cards Visa or MC.

One more thing, I thought HSBC upgrading their cardholders' gold card to platinum. Anyway, if you are happy with HSBC, do consider upgrading to their Visa Signature as you do qualify for it. Click here to read my article on HSBC Premier World MasterCard and Visa Signature Benefits.

This post has been edited by Gen-X: Jul 24 2012, 09:23 AM

1. Annual Income: RM24K to RM30K

2. Free Lifetime Annual Fee: Either

3. Card required for: Hotel, Petrol, Online Transactions, Cinema, Cash Rebate, Groceries, Installment for Gadgets or Furniture

4. Existing credit cards if any: Nil

5. Preferred Bank or Considering CC from banks: CIMB

6. Others:

7. Estimated Spending per month with the card: Less than RM1K

1. Annual Income: RM36K-RM42K

2. Free Lifetime Annual Fee: A Must.

3. Card required for: Cash Back/Rebate Only, AirMiles, Overseas Transactions, Online Shopping, % installment plan, Retail shopping

4. Existing credit cards if any: Citibank Platinum (Supp)

5. Preferred Bank or Considering CC from banks: Standard Chartered, Maybank, Citibank

7. Estimated Spending per month with the card: within RM1K

Please help! Thanks

Except for CIMB Petronas, their other credit cards earn you nothing for petrol.

For you case, if petrol consist a major part of your expenses, you can consider UOB One Card where you will earn 5% cash back for all petrol stations everyday.

If you go to the movies like everyweek, go check out Citibank Clear card and read my reply above post#1581.

If your income is close to RM30K, go apply for Maybankard 2 Cards if your petrol station accept AMEX. Click here to read my review of the Maybankard 2 Cards. For Installment plans, Maybank credit cards are accepted by many merchants. And if you can plan your transactions on Saturday or Sunday, the MBB 2 AMEX earns you 5% cash back on top or 5X Treats Points everyday. Click here to see places that accept AMEX.

In respect to your requirement for Airmile, I guess you read post#1 half way only. There is an example showing how much you need to spend before you can even get a ticket to Singapore. For RM1K spending per month, it would take years before you can even get a fee ticket to Singapore. Better you use the points and redeem for cash vouchers.

Anyway, for your case, apply for the Maybankard 2 Cards where you can earn 5X evergreen Treats Points and earn 5% cash back every Saturday and Sunday for any type of transaction with the MBB 2 AMEX. And the Maybankard 2 Visa or MasterCard has one of the lowest overseas conversion rate. Once again, click here to read my review of the Maybankard 2 Cards. For Installment plans, Maybank credit cards are accepted by many merchants.

Standard Chartered Bank - now they offering cash to new applicants. Click here to SCB Thread and read the last 20 pages or so. Their SCB Business credit card earns the cardholder 0.5% cash back + Choice points. Effectively you will earn less than 1% when you take into consideration of the Choice points required to redeem for cash vouchers.

As for Citibank, they do have a cash back card call Citibank Cash Back Platinum where they just reduced the eligibility income requirement to RM40K/year. But for your case, it won't benefit you much since you don't need a card for petrol or groceries. For online and retail shopping you only earn 0.3% cash back with the Citi CB Plat..

This post has been edited by Gen-X: Jul 24 2012, 05:28 PM

Thanks Human Nature and Gen-X, very good comment and reviews!
my intention is to keep one card for myself and another sub card for my wife as she going to stop work and be a house wife soon, we kind of thinking re-evaluate our budget to keep into minimal by avoid out of control on swapping card, annual fees waived sound more important to us, cash back and other benefits will be added value, if really go for a single card, which could it be?

I heard some concern about MBB card cancellation issue(one from my brother case as well), they like to drag the cancellation process until the annual fees get impose, and you have to settle it before really cancel

Bro. Maybankard 2 Cards are Free For Life and only a single GST of RM50 for two cards which can be easily offset when you spend RM2K per year with the MBB 2 AMEX as you will earn 10K Treats Points to offset the GST. You can consider this card to be FREE.

As for OCBC Titanium MasterCard annual fee is waived with 12 swipes per year and if you spend RM10K with it within a year, OCBC will credit into your account RM50 at the anniversary date, as such it is like there's no GST being charged. So this card is also FREE.

So, coming back to your question, if you really going for a single card, which card to get? Well, based on your requirements and spending amount, I strongly recommend you get both MBB 2 Card and OCBC Titanium MasterCard as both cards can benefit you for your essential expenses because these cards combined can really earn (save) you money. Unless you mentioned earlier you do not want MBB card, if I were to recommend you only a single card, it is just not the "right thing" to do.

As for your comment to avoid out of control spending, even if you got 1 credit card, if you got no discipline, it makes no difference. But from the way you post above, it shows you have planning and have been controlling you expenditure, as such, you should be thinking like most of us here ( in this section) on how to maximize returns from our expenses. Well, some at the SCB thread go one step further and go apply credit cards to get FREE money!!!

I have cancel my MBB cards before and got no major issue, just have to terminate early before the anniversary date and follow up with CS to confirm the card is cancelled after 2 -4 weeks time (this applies to all cards). But I can assure you that the MBB 2 Cards is going to serve you very well for many years to come.

Click here to my Mach by HLB credit card review where I have a table showing the cash back earned from various cards.

This post has been edited by Gen-X: Jul 24 2012, 09:49 PM

Thanks again Gen-X, just to confirm the annual fees that we mentioned is same as the government service tax for credit card?

No, different thing.
RM50 GST is charged by the government, all cards.
Annual Fee is charged by the bank, some is free of life, some is waived upon certain condition, etc.

Annual Fee is imposed by card issuer where as Government Service Tax is imposed by our government.

I see, so the government service tax will not absorb by bank based on certain condition?

---

Added on July 24, 2012, 10:29 pmanother dumb question, if i apply supplementary card for my wife, it will be another government service tax impose ?

the service tax is based on number of card? if myself and wife both have a card, means will charge RM100 as total?

This post has been edited by alvincks: Jul 24 2012, 10:29 PM

Yes service tax is based in number of cards. For Principal Credit Card it is RM50. For Supp Card it's RM25.

However for MBB 2 Cards, it is a bit unique because it comes with AMEX and Visa or MasterCard.
Principal Maybankard 2 Cards AMEX and Visa/MasterCard - Total GST RM100 for 2 cards but Maybank credit RM50 into the AMEX account and therefore total GST effectively becomes RM50 for 2 cards.

Supp cards Maybankard 2 Cards AMEX and Visa/MasterCard - RM25 x 2, therefore total GST RM50.

For OCBC TMC - Principal RM50 and each supp card RM25.

How come you don't know about GST when you got HSBC card? For further questions on specific card please refer the relevant thread or at Ask General Question Thread.

The GST will never be absorbed by banks. However, some may have some points redemption program, or offer RM50 cashback (not waived) subject to certain condition like spending etc.

Supp cards will be charged RM25 GST per card. Maybank 2 cards will be charged RM25+RM25 since it comes with 2 cards.