Just received my Maybank Visa Infinite today and it has the No.8

Click here to read my latest article and view photos of the MBB VI welcome kit.

Thanks guys.

Miles: I applied over the phone. No query on income during or after the conversation. Actually I never submitted any income docs to MBB before. I guess my approval must be based my second to none credit history/records However, they did ask for my present company details, thanks to my lucky star that was not an issue.

RHB got new promo where one can convert retail transactions to 0% 6 months installment plan.

To read my article titled RHB Credit Card Promotions 2011 - 2012 click here.

Since you do not have a credit card yet, all you need to know is that the interest rate imposed on outstanding balance (if you don't pay in full before Due Date) for new cardholders is 17.5%.

Since you have yet to get your card, I will share with you this, from the very start, never ever let the bank imposed interest on your outstanding balance no matter how small or little the amount is, i.e. always pay in full before Due Date. Once you break this principal, you have entered into the hell zone.

If you pay in full every month, it does not matter if the banks imposed 88% or 4% interest on outstanding balance.

But is you really must know how the 13.5% -17.55 is charged, go to any bank website and read the Terms and Conditions for credit cards and you'll get the answer.

Not that I know. The 5% for petrol is for 1st weekend of the month and other days 2%. But, there are terms and conditions and the the cash back is based on 20% of total retail transactions. What I interpret from this is - if you only use the card purely for petrol it means you won't get any cash back.

Having said that, there was a promo for debit card recently for petrol (I think) and groceries (i am sure), can't recall the details.

This post has been edited by Gen-X: Nov 4 2011, 07:06 AM

1. Most banks charged the GST upon approval.
2. It will be imposed again 12 months later i.e. card anniversary date

My article on Premier Cards had to take a back seat last weekend as I was on a mission.



Just posted my article titled Malaysia Premier Credit Cards - Which Is The Best For You?

In my article Entry Level Credit Cards - Which Is The Best For You? I have mentioned what I thought was the worst credit card in Malaysia.

In my article Platinum Credit Cards - Which Is Best For You? some may not agree with my choice of Highest Rank Plat cards.

Before you go read my final article on series of different categories of CC, please take a moment to think what your answers will be to the following questions:

1. In your opinion, what card is the Most Prestigious Credit Card in Malaysia?
2. In your opinion, what card is the Most Exclusive Credit Card in Malaysia?
3. In your opinion, what cards gives you "status"?
4. In your opinion, which card proves that you have reached the epitome of success?

Once you have identified the cards above, click here to read my article Malaysia Premier Credit Cards - Which Is The Best For You? and see if I share your opinions

I must go google what is Wordpress But at feedburner site, it looks like it is a common thing and it states that I have to go settle with the other party can't stop them from copying, hahaha

Thank you bro for the kind words.

Yah, agree the mid range cards better. And the reason why the cards are super exclusive is because like you say - there is no point holding it, hahaha

Thanks for reading my article. Yes, I do consider SCB Preferred WMC a Premier Card because you need to earn more than a Plat card to qualify for one. But the benefits are like nothing and that is why did not bother to mention it.

Thanks for reading Bro.

Thanks for reading Bro and I am glad you enjoyed it. I thought the many words would have frighten most away, haha

As for CIMB WMC CL, I guess now that the card is offered via Preffered Banking, it only make sense that the CL be reduced.

As for AMEX Plat Charge Card - I was offered to upgrade to it without any request of docs. But being a cheapskate, I prefer to go with FREE fakes AMEX Black cards And as for no pre-set spending limit, that is not true, more like post set credit limit where it increases with your spending and payment pattern. All charge AMEX charge card (maybe except the Black Card) has spending limit. I guess you forgot about your case where you posted that your transaction for a RM100K watch was initially rejected by AMEX until you "taruk" them left right center, hahaha. My Gold Charge Card credit line is even higher than some of my Premier Cards.

Another option besides credit card is get a debit card which are issued by Citi, MBB and UOB on the spot . PBB debit cards are pretty good for online but it will take about 2 weeks for you to get the card.

But since you are overseas most of the time, no point getting cards from here, better get a debit card from where you are.

That is indeed great, but I suppose the card won't have the card holder's name on it. Better than waiting weeks for the Electron card, however the electron card do have advantage where it earns one more for general spending compared to D2D. Now that I know the card can be issued on the spot, I am considering to get it for my online transactions, thanks for the info.

SCB's is a Preferred WMC and like I mentioned in my article on Premier cards, if there is a Preferred or Premier before the WMC, then it is equivalent to Visa Signature as far as I am concerned. Actually the Visa Signature got more benefits then Preferred/Premier WMC.

MBB and CIMB WMC so called annual income requirement is RM200K

As for SCB WMC, I think winner did mention somewhere he is going to cancel it. Not much benefits I guess.

This post has been edited by Gen-X: Nov 12 2011, 12:38 AM

This is very useful info. ronnie should paste this at SCB Thread 1st post. Soon nobody going to read this post, page and thread and one day someone will ask about this SCB Preferred WMC again.

You are the sifu on how to maximize benefits from CC, If you say it sucks, others better take note.

You will not be charged a sen of interest if you pay the Statement Outstanding Amount prior to the Due Date.

E.g.

Statement Date is on 10th of every month.
Payment Due Date will be on 30th of every month (usually 20 days from Statement Date)

You did a RM100 transaction on 7th of November (before the Statment Date).
And you did another RM200 Transaction on 11th of November (after the Statement Date).

So your November Monthly Statement will show Outstanding Balance of RM100 only. You only need to pay RM100 before the Due Date 30th November to avoid interest being imposed. The RM200 will only show up in the folowing month's Statement and you need to pay in full before 30th December.

One thing I must add, if you are new to credit card, my advise is you do not sign up for online statements until after few months of getting paper statement so you are familiar with terms like Statement Date, Statement Balance, and Due Date.

You may be also be interested in my article Credit Cards Are Cash Cow for Banks - click here to read it. In this artilcle I have examples on how interest are being charged.

This post has been edited by Gen-X: Nov 13 2011, 09:06 PM

Paper statements are free for MBB 2 Card and most other card. And you can still view your transactions and summary online even if you have paper statements.

But good questions. To ALL: what banks charge us for paper statements? I know previously AMEX Gold CC wanted to charge us for paper statements.

This post has been edited by Gen-X: Nov 13 2011, 09:37 PM

I just published my latest article at my blog targeted at parents who have children going to private school, colleges and universities. Part of the article may still be applicable for those with "big" expenditure.

Click here to read my article - Education Bills - Which Is The Best Card To Use?

Thank you Sir for reading my articles and I am glad to know that you enjoy reading them. And I can't agree more, I'm lucky and things falling into places just at the right timing. But I will tell you this, go learn about basic technical analysis like moving average if you have not and read articles here and it sure beats reading my articles anyday.

If you submit your Borang BE or B, I don't see any issue. By the way, you apply thru agent or directly at the bank branch or online?

You may want to start by reading my article Earn Pocket Money with Credit Cards.

Wah, 4.5% extra, that is ridiculously high. What you buying?

I really confuse now, I thought you'll only be charge the extra 4-5% if you opt for installment plans. You mean the shop also charge you 4-5% if you swipe one go?

This post has been edited by Gen-X: Nov 17 2011, 02:41 PM

Today I receive my Starwwood Privilege card via courier. just like ben83 said. But my Priority Pass card no where to be seen. So called CS and he said the PP application form should be inside my MBB VI welcome kit (usually the case for Citibank PremierMiles and SCB VI). After I said no, he said he'll fax to me the form. The after I susah susah set up the fax, the same CS called and told me he won't be faxing over but he will do the necessary arrangement on his side and forward my info to the relevant department for my Priority Pass Membership to be issued. Pretty good service.

Also asked when MBB going to charge me GST, and he said 2 to 3 months time and system shows that the free 10,000 TPs not yet credited into my account.

Overall I must say MBB VI Tol Free CS are very courteous and helpful.

Yes and No. Tell the salesman you paying by card and you only willing to buy if no surcharge and he'll write a note on the item or inform the cashier. This year I bought something from them, took an item from the shelve and directly went to cashier and paid with card and no surcharge.

As for the YES, some items they will say need surcharge if it is on promo. Last year when I bought from ALL IT my 23" monitor that was on offer, the salesman wanted to charge me surcharge and I told him he can't do that since the promotion ad DID NOT state cash only and in the end he agreed and inform the cashier to accept card without any surcharge.

Thanks for the info, else I won't be bothered to read the last page of the booklet that came with the card mentioning about spg.com and thought that the Starwood Privilege Card is all there is to it.