Dear all,

I want to apply for credit card but dont know which to take. Hope you can enlighten me in choosing the best card for me.

1. Annual Income: RM30k-RM36k
2. Free Lifetime Annual Fee: A Must
3. Card required for: Petrol,Groceries
4. Existing credit cards if any: Nil.
5. Preferred Bank or Considering CC from banks: Giant Citibank Credit Card
6. Fixed expenses per month with the card: Example RM900 - RM200 petrol, RM300 groceries, RM100 Dining, RM100 Telco, RM50 movies, others RM150.

Thanks for your help

Ocbc Titanium will be the best choice.
Since petrol, groceries, dining and telco bills will having 5% cashback. You will get Rm35 cashback each month for your expenses breakdown.
Other transaction will get 1% cashback only.

Agree that OCBC is the best since expenses just below the RM1K mark for expenses that can relly earn 5% cash back everyday.

So electrostacko, if your income is close to RM36K/year, try apply the OCBC TMC. But don't be disappointed if your application is rejected as they kind od strict.

The good news is you qualify for Maybankard 2 Cards where you can earn 5X TP everyday and 5% cash back every Saturday and Sunday. So if you can pump at petrol station that accept AMEX (e.g. Shell and Esso) and do your groceries on Saturdays and Sundays, you will be earning more compared to the OCBC TMC.

This post has been edited by Gen-X: Sep 18 2012, 03:38 PM

Will study more and consider between these 2 cards.

Thanks for your feedbacks.

Try to apply both cards at the same time as the Ocbc Titanium approve rate is not very good since they already having their customer base.

Hi there. Would like to ask wheter maybank or uob or othet card suit me
1. Annual Income: RM48 to RM60K

2. Free Lifetime Annual Fee: A Must or can redeem by bonus points

3. Card required for: List all your needs. Petrol, Cash Back/Rebate Only on maxis telecomunication, petrol Golf, shopping at Jusco and EPP 0%, touch and go embeded with autoreload like the cimb visa

4. Existing credit cards if any: CIMB gold card visa and mastercard

5. Preferred Bank or Considering CC from banks:
MB
UOB
Any other bank

6. Others: Please be specific. Example: cash back + points like cimb. Can use points and changed to voucher. Rm1 =200 points.

7. Fixed expenses per month with the card:
1)petrol rm250-400
2)maxis postpaid + home fibre rm500
3)groceries rm 1000
4)touch and go rm300-400

8. Non-fixed expenses but recurring in RM: RM3K for new gadget every 6 months with installment

The only problem with CIMB is there is no extensive choice for EPP. I want to change it before paying gov tax on november and after my iphone instalment plan finish this october. Trying to change it before the next iphone 5 come to our country. Maxis at JB dont accept cimb for EPP eventhough they stated at website cimb available for epp

Tq in advanced for helping me

For your case,

1st card to get is OCBC Titanium MasterCard where you can earn 5% cash back (capped at RM50/month) for your Maxis bill. Still got balance RM500 for Petrol, Dining and TNB. So one year can earn up to RM600 cash back. Spend RM10K in a year, and you get extra RM50 bonus to offset GST.

2nd Card to get Maybankard 2 Cards where the AMEX earns you 5X Treats Points everyday PLUS 5% cash back on Saturdays Sundays. So if you do your groceries on Saturday or Sunday, you can earn 5000 TP and RM50 cash back. So 1 year you can earn 60,000 TP (RM300 cash voucher) and RM600 in cash back.

Many merchants accept Maybankard Visa or MasterCard including the AMEX too for installment plans. Click here to my artilce on Maybank 5X Treats Points with Ezy Pay. And from there, you will see a link to the participating merchants list. One thing good is that MBB card do offer 6 months installment plans.

Above combination, you can earn up to RM1500 in returns a year

As for UOB, well, if you can qualify for their Platinum credit card, it does offer some golf privilege. For Maybankard 2 Platinum, it also offer golf privilege. Go to the bank website for Golf Clubs offering complimentary green fees and see if it benefits you.

As for TnG, check out this thread. Or just keep your CIMB card for convenience sake. I know last time we can sign up for autoreload with any credit card, not sure if that is still possible.

This post has been edited by Gen-X: Sep 18 2012, 10:54 PM

Wow. Thanks for the fast reply!
TnG is applicable to MB through zing card though. But CIMB visa gold card is special. There is no fee for autoreload compared to zing card which charging rm2.00 for every rm100. Sigh.... Guess i have to keep this 2 cards and pay the gov tax.
Can i have 4 cards based on my salary now?

In accordance to Bank Negara Malaysia guidelines, if your annual income is more than RM36K, you can have as many credit cards from as many card issuer you wish and join me in collecting credit cards, hahaha.

I never thought of it. Tq bro. I will defenitely have all the cards if there is no fee, anual fee hassle fee, tax etc2

Hi Sifu,

Im thinking of getting a credit card. Work almost 3 years but only use Debit Card. Here are details and perhaps you could give some recommendation which credit card is suitable for starters. The main reason to get credit card is for wedding preparation.

1. Annual Income: RM38K

2. Free Lifetime Annual Fee: A Must

3. Card required for: For wedding preparation

4. Existing credit cards if any: Nill

5. Preferred Bank or Considering CC from banks: Maybank, CIMB, or any that provide good service,

6. Others: Payment option can be thru internet banking.

7. Fixed expenses per month with the card: Petrol RM260, TnG RM230,

8. Non-fixed expenses but recurring in RM: Nill

My guts tell me that credit card is better option that personal loan. Please guide me. I am noob in credit card, but I manage my finances very well until now

This post has been edited by Sizty: Sep 19 2012, 01:46 PM

that is...so sick

Unker Gen-X got CC fetish

hi sifu,
im looking for a new CC that got cash rebate or any points maybe.. currently use PB CC and no cash rebate.. i can say that im using a CC is strictly for petrol (SHELL) only and for emergency (car repair)

1. Annual Income: RM60K

2. Free Lifetime Annual Fee: A Must

3. Card required for: first priority is for Petrol purpose (SHELL), Cash Back/Rebate Only, and now im also looking for Installment Plans usage.

4. Existing credit cards if any: Public Bank

5. Preferred Bank or Considering CC from banks: Maybank, CIMB, or any that provide good service.

6. Others: Payment option can be thru internet banking.

7. Fixed expenses per month with the card: RM500+- For petrol

8. Non-fixed expenses but recurring in RM: RM2K for new gadget in a year maybe,

Thanks

I guess for your case OCBC Titanium MasterCard would be good as you get 5% cash back for petrol and utility bills. Or look into Maybankard 2 Cards.

However, let me point out to you that having a credit card will also entice you to spend more. And your statement about personal loan makes we worried. Good that you have balance your finance previously and you should try not to go into debt, once into the hole of debt, kinda hard to get out. If you cannot afford to pay the things now (save enough money in the last 3 years), what makes you think you can afford to pay back your loan later? If you really need a loan for your wedding, try to borrow from your relatives at 0%.

Having said that, don't know if I should point out to you about Balance Transfer.... Because you are spending money on your wedding expenses, I am going to let you know a way to get 0% interest loan. This is what you should do SUBJECTED that you can afford to pay off your loan in 6 months time, else do not read any further.

1. go apply for OCBC or Maybankard 2 Cards. Charge your expenses to the card mentioned here.
2. At the same time go apply for CIMB credit card which is now offering 0% Balance Transfer for 6 months plan.
3. Do a balance transfer from the cards mentioned in item 1 above to CIMB and enjoy 0% loan for 6 months.


Don't feel so sick lah, work hard and with time you should reach my level and qualify for Premier credit cards that can benefit your lifestyle to the max

Maybankard 2 Cards where AMEX should be accepted at most shell stations. check with your station to confirm before applying for it. The MBB 2 AMEX earns you 5% cash back on Saturday and Sunday only on top of 5X Treats Points (everyday). Also click here to read my article The Best Credit Cards for Petrol 2012

This post has been edited by Gen-X: Sep 19 2012, 03:53 PM

Thanks... now reading ur blog.

Although you can get credit card as ur backup, but pls bear in mind...Spend within ur limit...
Whatever amount that u swipe, u need to pay for it.
Do not be one of my fren, he spend beyond limit for his "Classy" wedding.
End up, deep inside the debt trap after that...
Are this worth it??

After reading thru this theat,

Instantly I found out that Maybank2card and OCBC TMC is great to have in my pocket.

But wonder now since I get promoted and annual income around 50k plus, got even better card for me?

Am having now is Maybank2card gold only, planning to upgrade to platinium and get the OCBC TMC soon.

Wise choice?

Additional, I watch movie quite often twice a month, but GSC, not on friday mostly saturday or sunday only, seems no card fit me?

This post has been edited by OldKidz: Sep 19 2012, 02:54 PM

Can't go wrong with MBB 2 Card and OCBC TMC combination.

Got card for you for movies? How much in total in spend a year at GSC for movie tickets. Lets, say you spend RM300 at GSC, with 10% cash back offered by MACH by Hong Leong Bank, that's only RM30 savings, can't even pay for the GST. So just use your existing card.

However, if your MBB 2 is AMEX and Visa, good news for you, until 31 October you are entitle to Free Movie Ticket at GSC any class everyday when you book online with a Visa card. If your MBB 2 is a MasterCard, too bad.

Thanks for the reply bro.

Right now am having MBB 2 Card gold, master and amex, but I planned to upgrade it to platinium, think I can request to have Visa and Amex for plat to rip the benefit?

Uhmmm most 2~4 tickets a month for movie only, by calculation thn should be around RM 500 - RM 700 a year only, think should js use existing CC will do.

Thank for ur advice.

This post has been edited by OldKidz: Sep 19 2012, 05:43 PM

[quote=Gen-X,Sep 19 2012, 02:16 PM]
I guess for your case OCBC Titanium MasterCard would be good as you get 5% cash back for petrol and utility bills. Or look into Maybankard 2 Cards.

However, let me point out to you that having a credit card will also entice you to spend more. And your statement about personal loan makes we worried. Good that you have balance your finance previously and you should try not to go into debt, once into the hole of debt, kinda hard to get out. If you cannot afford to pay the things now (save enough money in the last 3 years), what makes you think you can afford to pay back your loan later? If you really need a loan for your wedding, try to borrow from your relatives at 0%.

My strategy using CC is : Buy stuff RM800 and pay back within the grace period.

Having said that, don't know if I should point out to you about Balance Transfer.... Because you are spending money on your wedding expenses, I am going to let you know a way to get 0% interest loan. This is what you should do SUBJECTED that you can afford to pay off your loan in 6 months time, else do not read any further.

1. go apply for OCBC or Maybankard 2 Cards. Charge your expenses to the card mentioned here.
2. At the same time go apply for CIMB credit card which is now offering 0% Balance Transfer for 6 months plan.
3. Do a balance transfer from the cards mentioned in item 1 above to CIMB and enjoy 0% loan for 6 months.

Considering the balance transfer but must consider also the processing fee.


[quote=Titan_Gunners,Sep 19 2012, 02:49 PM]
Although you can get credit card as ur backup, but pls bear in mind...Spend within ur limit...
Whatever amount that u swipe, u need to pay for it.
Do not be one of my fren, he spend beyond limit for his "Classy" wedding.
End up, deep inside the debt trap after that...
Are this worth it??

[/quote]

That's what Im intending to do. Spend within limits. Actually Im comfortable using cash money instead of cc/personal loan. Yes there are some perks when using CC, but Banks need to get some profit too.