yah it's RM250

http://creditcardsmalaysia.blogspot.com/20...harges-sms.html

Thanks for your correction. yes, it is Rm250.

BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here. (Courtesy of tishaban) (thanks awaynoway for the updated link)

yes, you need at least RM2000 unused credit

a) and b) RM2000/36


This post has been edited by Gen-X: Jun 14 2011, 08:19 PM

i see. so its not like they will charge me RM56 (not including interest) every month until 36 month?

well maybe RM56 if they round it up. If you got outstanding balance, better you use a different card (if you have one) for the installment plan. Why you want to pay interest? Seriously, if you have outstanding balance, you should not even consider buying the notebook.

click below link to read my article, Credit Cards are Cash Cow for Banks. Are You Working for the Banks? where I have an example on interest charges.

http://creditcardsmalaysia.blogspot.com/20...-banks-are.html

Good suggestion, will try next time...

Gen-X,

Yes, it's kind of vague on the CL.

Yes, I tried to utilise >180% of it, and request for temporary increase in CL recently, for emergency purpose, but was rejected. In the end, split payment and delay into 2-3 payment over several days.

Therefore, sometimes it is good to keep high CL for emergency purpose, unless the individual plan to carry huge amount of cash in backpack/briefcase (pocket not enough to store if any of you ever carry 50k-100k in cash RM50/100 notes).
Also, most ATM do not allow withdraw between 12am-6am.

Most (not all) installment will block-off the CL from your CC, as per replies from Gen-X to you.

However, I have an auto-installment, which only deduct the monthly payment from your CC every month, and does not block my CL. The difference is, the merchant takes the risk and only request monthly payment from bank for 12/24 months, instead of collect lump sum payment from bank and let the bank collect from you.

This will only work if the merchant has some collateral at their side, to their advantage. Also, the merchant has to provide form for you to sign, etc. (paperwork) so that they can auto-deduct from your CC every month.

Wonder anyone here owns UOB Preferred Platinum?

I was charged for annual fee of 388 and GSC 50.

Annual fee can be waived if I make one transaction from now on till 7 days later with any amount.

GSC 50 could not be waived anyway unless using point redemption.

Thinking to cancel right away since seldom use it.

Any privilege of holding this card?

how to request for the auto-installment ? any shop offer that ?

You need to ask. Normally you need to fill in the form which is provided by the merchant. Good luck if you wish to search.
Normally merchant don't prefer this method anymore coz of one word - Risk. Buyer already took the item and leaving the merchant on a monthly payment.
The card terminals now able to handle monthly installment automatically. Sellers get paid in full minus bank charges and they prefer this coz the bank take the risk of "collecting" the money from customer.

I have this card too. As usual the annual fee waived, for my case, I need to spend RM300 continuously for the first 3 months. Call the CS to get the rm50 rebate.

Not much privilege except you can enter both LCCT and KLIA Premium Plaza Lounge during your travel (only applicable to the first 400 CC holder monthly)

Correct. Thanks for typing/answering for me

Repeat again: With the risk involved, the merchant MUST hold the advantage on collateral. Therefore, this is not offered for shops/electrical/furniture/mobile phones/etc. items that you can runaway.

LAst time when I had UOB Plat Visa and MC, I had to swipe 12 times each for auto waiver.

After I cancelled my MC, for my visa I have to swipe 12 times and spend RM3K to get auto waiver. So shiroijun, pretty good deal you got there. For this year, I have spent more than RM3K and therefore no need to worry about my coming annual fee.

I did rank UOB Pref Plat at No.7 for my article Malaysia Top 10 CC, click here to read about it.

And click here to read more about UOB Preferred Plat. UOB good for buying Coach handbags as we get SMART$ cash.

Actually, I will be going to Swiss Watch Gallery later this evening to check out what promotion they are offering UOB Preferred Plat card members (received invitation from UOB via sms last week and had to reply to confirm). Anyone going there?

This post has been edited by Gen-X: Jun 15 2011, 05:42 PM

UOB relaunching the ONe card now with cash rebate on top of the existing smart cash rebate.

5% for all petrol cash rebate + 2% smart cash rebate for bhp petrol if pump bhp got 7% rebate for petrol.

any one got commet?

OT, but if the price of the watch is the main criteria and not the buying experience, ask the watch sifus ck77 or patryn33 at The Watch Thread v3 for recommendations. Cash normally gets you a better price but not all the time - do read up the topic to get an idea of the authorised discount level given by authorised distributors (AD) for a particular watch brand. Just be careful not to get poisoned

I think my application slightly different, they offering me 5 years annual fees waived without any conditions. It is thru some campaign i guess?

u mean this one ? http://www1.uob.com.my/personal/cards/credit/one/index.htm

pro: higher cashback cap per month compare to amex and titanium, cinema got 5% rebate also
cons: dining, bill got 0.3%, groceries got 2.0% only which is not as good as amex and ocbc

This post has been edited by gerrardling: Jun 15 2011, 07:03 PM

just came back from Pavilion, a bit high as they serving free booze Was told that Rolex watches now only 10% discount and solid gold 15%. So I called up another Rolex watch dealer and she confirm that effective last month, the standard discount for classic models have been reduced from 15% to 10%. Anyway, thanks wshoh for the info, I am not into watches and furthermore just got a Rolex early this year for wifey.

While at Pavilion, saw a booth for MEGA sale 15 June - 31 Aug. MasterCard Rewards - Free beauty vouchers when you charge RM100 and get additional shopping vouchers when you charge RM500 to MasterCard.

For more info visit www.mastercard.com.my/shopathon

EON Bank - free exquisite spa gift when you charge RM3K to EON Bank Pavilion Card. Free travel gift set when yo charge RM300 with EOB Pavilion CC or RM500 with other EON Bank CC.

What the heck, the gift is like for ladies and we men are paying for it.

yah, petrol really good. This card looks like it is competing with Citibank.

Definitely will beat Citibank Cash-Back Platinum...
Citibank's con : need to accumulate RM50 before creditting the rebate in your CC account

I would like to know do I have to pay for any fees if I didn't swipe the card at all for the month?