I'm looking for CC that allows the credit to be converted into 'personal loan' at a good deal.

eg. Maybankard Ezcash can convert 90 percent of credit limit to cash (deposited into Maybank account) at a one time interest of 3.88 percent. After that only need to pay back instalment for six months, interest free.
Link: http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

In a way, this is a cheaper way of getting 'personal loan' compared to the normal ones which interest is much higher per annum. Are there any other credit cards that provide this service and is as good as or better than Maybank? Please advise.

1. Annual Income: RM36K to RM48K

2. Free Lifetime Annual Fee: Must

3. Card required for: Petrol, Cash Back/Rebate Only, Overseas Transactions,Installment Plans, Airport Lounge etc

4. Existing credit cards if any: UOB ONE CARD AND MACH HLB

5. Preferred Bank or Considering CC from banks: OCBC AND DINERS CLUB

6. Others: i ALREADY REJECTED BY MAYBANK MANY TIMES,DOWAN IT ANYMORE

7. Fixed expenses per month with the card: RM300 petrol, RM350 groceries, RM150 Dining, RM100 Telco,and others RM250.

8. Non-fixed expenses but recurring in RM: up to RM5K for frequent overseas trips

This post has been edited by shuangping: Aug 23 2012, 01:29 PM

For you fixed expenses (petrol can exclude since you got UOB One Card), get OCBC Titanium MasterCard and earn 5% for your Groceries, Dining and Telco (RM600 x 5% = RM30/month cash back)

Too bad, you do not want MBB cards because their overseas conversion rate the lowest. So I guess not much diff what card then for your overseas transactions with only RM5K spending. Aassuming other banks's credit card charge extra 1% over MBB's rate, that's only RM50 diff or equal to RM50GST Also MBB cards good for installment plans.

As for Airport Lounge, besides Diners which you mentioned, look into AEON Gold credit card.

Out of curiosity, why you sign up for Mach?

1.Annual income:Rm30k
2.free annual lifetime fee:yes or minimum swipe
3.Card required:petrol,groceries,shooping,flight,oversea transaction,hotel
4.Existing credit card:no
5.looking for cc: any bank
6.other:my application already rejected by citibank

Try OCBC. Their min requirement is 36k pa for titanium but then again, anything is possible. Do u have any loans / FD with any banks? if yes, you can try applying with them- it might be easier for them to approve since it is not a new risk , provided you are a good paymaster. Try re-appealing for citibank, sometimes it works.

---

Added on August 23, 2012, 5:44 pm Are you referring to a CCBT? yes, many cc has ccbt/loan system.however, most banks only allow you to apply for it >6 months and it is subjected to approval.
And also, nothing is interest free if you actually take into account of the "processing fees"


This post has been edited by cutejams2004: Aug 23 2012, 05:44 PM

Thanks for reply.

Actually i'm like MBB DUAL CARD,but i apply so many times,write so many appeal letter oso rejected by them.

Now i'm waiting for OCBC Titanium status.

Diners point will not expiry rite?But AEON point will be expiry.What difference of this two card?

I apply for MACH card is focus on dining and movie.Izit this card not good?

Can gv me some information,if i go oversea,which card is good?For conversion rate.

And how about RHB card?Look like no much promotion.And if we didnt activate the card,izit we need pay for gst also?

Thanks again.

This post has been edited by shuangping: Aug 23 2012, 07:34 PM

OCBC is very tight with their selection.
Even people with more than 48k per annum also got rejected. (I'm one of them but got it after appeal).
I think go for Maybankard2 Gold Card is much better. 30k/annum is just nice for that. It is currently one of the best cards in the market.
I try to use my AmEx more than my OCBC Ti.

Well sad to say sometimes OCBC's criteria for cc application is haywire The easiest bank that I have come across is citibank. I applied for a card with them, did not give any payslips and did not bother providing my employers details. Filled up the form at a roadshow but then I was not keen to apply for the card when i went home. The sales guy wrote his own story as to where I am working, and when they called me for verification on that, I told them it is false and did not provide any further info on my actual employer. 2 days later the card was approved And my annual income is lower than yours...

Citibank is pretty easy to get, they are kinda aggressive when it comes to credit card thingy.
As a starter to build up credit history, one may start with Citibank. However, if your salary is at least RM 2.5k/month, please try MBB2Card, much worth for it.
I only recommend my friends to take up MBB2Card and OCBC Ti, other cards can put aside at this moment.


Side note, somebody posted on MACH thread that only he got his card within 10 minutes with just I.C. as there is a kiosk there to print out EPF statement. Just perfect as I'm lazy to go through of bringing my latest 3 months payslip and etc.
This card is pretty good for movie goers like me, 10% off for each ticket. That's the reason why I want to get this card.

By the way, anyone knows if BNM's ruling of 2 cards to a person is currently being practiced or not? I've got two cards, but wanna get MBB2Card. Dunno if I need to terminate one of them before applying for a new csrd.

Yes, still applies for salary less than RM 36k/annum, you need to reveal your salary info and bank will evaluate based on that.
Correction, it is actually from 2 different banks not 2 cards.

This post has been edited by fruitie: Aug 23 2012, 10:53 PM

Bro, for Diners and AEON for airport lounge access, please go to their respective website to learn more. But I would like to say this, if you are paying RM50GST for either one of these cards just to enter KLIA Lounge for like 2 times a year, I can tell you that the food is not worth RM50.

For overseas transactions, please check out this thread. But like I said, with RM5K spending/year, no diff what card you use once you consider GST. However, if you really want to see comparison of overseas transactions with different credit cards, click here to read my article Overseas Transaction - What Credit Card is The Best? Part II which I published sometime back at my previous My Credit Cards blog. Maybank credit cards are good for overseas.

As for MACH, you mentioned Movies and Dining, I hope you selected the Social Package when you signed up for the MACH because then you can remove the Dining category and save RM5/quarter once your OCBC TMC is approved. MACH is good for those who watch movies at GSC and into 3D. Click here to read my article on MACH by Hong Leong Bank.

As for RHB card, well when you signed up for the card you are deemed to have agreed to the RM50 GST.

This post has been edited by Gen-X: Aug 24 2012, 12:09 AM

speaking on citibank cc

i was approached by their sale dude in the mall and i was attracted to the free 24" cabin luggage if u swipe 800 within 30 days upon approval

few days later the pin came and received email bout online statement, the card never came after a week, then they billed me for the 50 gov tax, called them and said card was sent out ... they say will send a new card within a few days, 2 weeks has since past, a new mail with the new pin came and yet no card was in sight, called back to check address was all ok and was told to wait a few more days

3 weeks has since passed and card is not in sight, called back 3rd time, wanted to cancel, they say got penalty, and transfered me to cancelation dept

was told the 50 ringgit charge will be billable to me as that amount it charged upon approval ... had a huge fight with the dude and told him to cancel it and get their supservisor to call me back, the dude got a piece of my mind and they say will proceed to cancel and then get their management to waive that 50, but its still subject to their approval...

the next day they called back say card is canceled and the 50 will be reversed ...

This post has been edited by earl-ku: Aug 24 2012, 12:18 AM

For New RHB Card- They give back $50 Cash Back on GST on Their CASH BACK PROMO- 1st Spend
I have 3 Cash Back(GST) with 3 different cards with RHB so far...
The GST Cash Back will credit back to your account within 3 months
But, if U cancel the card within 1 year, the bank will charge back their GST
& NO Annual Fee with min. 12x swipes per year
Quite O.K about RHB Card , got many promotion now...
RHB Friday Special (Buy 1 Free 1 Promotion) at Sushi King, Starbucks, Popular & GSC
U Can have a Check on it.... Their Hot Cake: Travel Money Card (Cash Back+Reward Point)


This post has been edited by fly126: Aug 24 2012, 02:52 AM

same thing happened here, they sent me pin , sms and everything and told card has been sent out. 2 weeks +=, and the card was nowhere to be found. Then they told me to wait for nither 2 weeks, i made a fuss, and they replaced it for me, but had to collect it at their branch

hi, it's me again. wanted to post on recommendation of credit card to a friend, hope you can help out. I recommended him the Maybank 2 platinum card, but still need your expertise. Travelling mostly to Kuching, Sarawak.

1. Annual Income: RM48 to RM60K

2. Free Lifetime Annual Fee: A Must.

3. Card required for: Petrol, Cash Back/Rebate Only, Overseas/internet Transactions

4. Existing credit cards if any: HSBC GOLD - poor customer service, 1 month now have not receive as it was sent using normal mail, complaint also no action.

5. Preferred Bank or Considering CC from banks: Maybank (just considering)

6. Others: rewards point for goodies

7. Fixed expenses per month with the card: RM400 petrol a month, RM200 groceries a month, RM150 Dining, RM100 Telco, RM2500 Insurance - a year, car servicing 1000 - a year.

8. Non-fixed expenses but recurring in RM: 1000 purchase of books over amazon/ebay.RM 2000 tech stuffs.

- note: may use it mostly in kuching, sarawak but notice amex is not widely used there or i could be wrong...
- using petronas only - will it be X5 points?
- will points expire for maybank 2 platinum cards?

Thank you.

This post has been edited by wildhawk: Aug 24 2012, 04:00 PM

Bro, first card is to get OCBC Titanoum MasterCard where he can earn 5% for Petrol, Groceries, Dining, Telco and Utility Bills and 1% for other BUT there is a monthly cap of RM50.

So with the OCBC TMC, he should earn cash back as follows:

1. Monthly - Petrol, Groceries, Dining and Telco totaling RM850/month, he'll get RM42.5 x 12 month = RM510/year

2. For his Car Maintenance totaling RM1000/year x 1% = RM10 (but this amount should be spread out over a year since it is for car maintenance)

Add above item 1 and 2, it will be less than the monthly cash back cap at RM50.

Problem comes in when he pays his Yearly Insurance Premium RM2500 x 1% = RM25, where he might not earn anything from it. Furthermore he has other expenses totaling RM3K. So he definately needs another credit card.

So coming back to your requirements - you stated Cash Back only and then mentioned Reward Points for goodies. Well, there are several credit cards that do reward the cardholder Cash Back and Reward Points.

1. Maybankard 2 Cards - AMEX with Visa or MasterCard. The MBB 2 American Express earns the cardholder 5X TP for any type of transactions PLUS 5% Cash Back on Saturday and Sunday. Now you mentioned that he's using it in Sarawak, well, if the merchant do not accept AMEX, he still will have the Visa or MasterCard that earns him 1X TP at Petronas and any other type of transactions The MBB Visa or MasterCard is good for overseas transactions since it has lower conversion fee compared to other credit cards in the market. And best of all, this card is Free For Life without any condition. And of course, use the AMEX wherever it is accepted.

2. Standard Chartered Business Platinum earns the cardholder 0.5% cash back PLUS points too. Click here to read my review of Standard Chartered Business Platinum versus Maybank credit cards. There is one very good thing SCB credit card which is, it rewards new applicant with cash back. Go to SCB website and see latest promotion for new applicant who apply online.

3. Alliance Bank credit cards also reward the cardholder cash back PLUS points. Click here to my article Entry Level Credit Cards where I did touch on Alliance Bank You:nique credit card.

So Bro, my advise to you is that you ask him/her to read my articles and let him/her decide which credit card is best for him/her

Yes, if the Petronas Station accept AMEX, then the cardholder can earn 5X TP with the MBB2 AMEX. And also, MBB TP are evergreen.

This post has been edited by Gen-X: Aug 25 2012, 01:36 PM

Anybody know mbb cc that giving 5x points? Just saw the banner but didn't ask about it..

Until 22nd October, all Maybankard that earns TP will reward the cardholder 5X Treats Points with Ezy Pay.

They sent me a SMS on this yesterday.
I have read from one of your blog posts that talks about installment thingy, very useful and now I only pay in full.