ya la,somemore they need 14 days to investigate. Suddenly need to pay extra Rm102 for my case,my statement is on 28/5 .

I remember the same thing happened to Citibank few years back and they rectified the problem in a few days...

I want to know if anyone can help me on this.
My credit card application was rejected for no apparent reason given.
I have cleared and double-check both my CCRIS and CTOS report (even they are puzzled why is this so).
I am earning about RM 150K per annum and I am trying to apply Visa Signature cards.

Please do help and suggest any other means to obtain financial reports or credit score reports.

Thanks

Wong

Sometimes, clean CCRIS and CTOS records do not guarantee your card application approval. You may have busted the bank's MUE and failed the utilisation ratio test.

What's MUE and utilisation ratio test ?

Which banks you applied for?


tgeoklin gave example last time I think. Something to do with outstanding loan versus income.

You need to furnish us with a whole lot more to do the diagnostic.
E.g. What banks did you apply for ?, How many cards do you have currently ... each of their exposure, (if any) outstanding amount, age of card, etc.
Loans you have on hand, etc

As the folks said ... if CCRIS and CTOS is already eliminated as a potential cause then it is all related to your risk exposure level. You said so yourself ... credit score reports. This "credit worthiness" report can be internally be built by the bank as your credit information is shared across all other banks. Credit score no good then CC no go.

Note : This will vary from bank to bank as each has their own tolerance setting.

This post has been edited by hye: May 26 2011, 05:11 PM

Income and credit checks aren't the only determinants in approving credit cards.

It could also be because you fall under the non-target segment or you fail certain scoring based on info provided in your app form. Such as occupation, nature of business, highest qualification etc etc.

In such instances, it's flat out reject no matter how high your income is.

Mine one Esso Jelutong Penang

wow,quite many people affected.

jus checked after saw someone posting this
i also kena

change of policy?....

Just checked mbb2u, adjustment has been done.

Hey guys, a noob here. I'm planning to get my first credit card.

My salary goes into CIMB Bank, and i have a Maybank account prior to working. I plan to get the Maybank2, and the normal CIMB generic card, cos its FREE. I'll be spending a lot on petrol, my workplace is 40km away T-T

Just want to clarify, that lets say if i swipe my card, and i pay before the due date, I will not be incurred interest? meaning i swipe 50bucks, i pay in time ill just pay 50bucks.

i just heard tht petrol stations would charge a certain amount to banks until the final/actual figures are finalize.

It's all about credit exposure and risk.

MUE = Maximum unsecured exposure
Utilisation ratio = Outstanding balance vs CL

after seing yr post, i checked my maybank2u, and see the adjustment made yesterday.

Yup because there is no interest fee only if you will pay the full amount you swiped within 20 days. If you pay on time but will only pay minimum, there will be interest. If there's delay on payment, there will be interest+late payment fee. Always pay on time and in full, if possible.

last time when i use my alliance bank cc, they charged 200 until they finalize the exect figure..but my maybank card is never like that..they charge the same amount on the spot

Thank you!!