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 Recommendation for Credit Cards V1, TQ to contributors ! (From MOD)

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qwertypolle
post May 9 2011, 02:38 PM

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1. Annual Income: 30k

2. Free Lifetime Annual Fee: A Must

3. Card required for: Petrol-using Petronas, Cash Back/Rebate, good points

4. Existing credit cards if any: Nil. i'm a rookie in this

5. Preferred Bank or Considering CC from banks: Dont know

6. Others: I'm looking at Islamic credit card because no compounding interest..but not sure yet

7. Estimated Spending per month with the card: Less than RM1K (hopefully tongue.gif)





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qwertypolle
post May 11 2011, 03:02 PM

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QUOTE(Gen-X @ May 10 2011, 08:41 AM)
The best card for cash back for spending less than RM1k per month is OCBC Titanium MasterCard, however the annual income requirement is RM36K.

The problem is you pump at Petronas. If you pump at Esso or Shell, and for spending less than RM1K, Maybankard 2 Gold Card American Express the best with 5X TP and cash back 5% meeting your requirement for cash back and good points.

So if you still want to pump at Petronas, then look into CIMB Petronas card where you get 5% cash back on 1st of every month and 2% for the rest of the days in that month. However, please note, if you pump RM200 petrol only per month, the 2% cash back you get for the entire year is not even enough to cover RM50 GST.

My recommendation is to get Maybankard 2 Gold Card where you get 5% cash back on weekends for ANY TYPE OF TRANSACTIONS. Go to Maybankard 2 Card Thread to read more. And switch to ESSO if that is possible as you get additional 1.5% cash back from ESSO, please  go read Petrol Thread to read more.
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wow thanks..but do u recommend me getting maybankard petronas ikhwan??
the non-compounding interest really catches my interest..but is it worth it?
qwertypolle
post May 13 2011, 11:06 AM

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QUOTE(Gen-X @ May 11 2011, 06:25 PM)
Sorry, I don't know much about Islamic Cards. Moreover, my principle is not to pay a single sen of interest to the bank (i.e. work for the bank) - which should be the first rule for every card user.
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thanks so much!
ur such a big help smile.gif
qwertypolle
post Dec 15 2011, 03:43 PM

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Thanks a lot for your help smile.gif

This post has been edited by qwertypolle: Dec 14 2012, 01:52 PM

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