Do you have the printout of the promotion?
If you have you can definitely go to tribunal or complain to them about that.

Else you would just need to push your luck by complaining that the helpdesk informed that you guys qualified and you're goign to create a big hoohah out of this by complaining to the relevant parties.

Yes, after the said transaction; you can call in the bank to request for installment plan on that transaction. However be reminded that there's going to be interest levied on the installment, thus the amount you finally pay off is higher then you purchase.

Although that's suppose to be the regulations; but most banks do not have the avenue to keep track because of different system platform.
Thus a lot of time even though FD withdrawn, the card is still active.

The food is nicer too...

Met Karpal Singh in there last year. But didn't greet him though..

This post has been edited by b00n: Dec 5 2011, 05:50 PM

If they reduce your line or cut your card, the outstanding balance tagged to the line will need to be cleared off in 2 years time.

EG 1:
You got line of RM10k. Balance of RM8k. If they cancel your card, then your balance of RM8k will need to be paid off in 2 years time. Usually they will term it out into 2 years tenor.

EG 2:
You got line of RM10k. Balance of RM8k. And in the event they reduce your line to RM5k, thus the balance of RM3k will be termed off to a 2 years tenor loan for you to clear off.

The exact mechanism, am not sure. But most probably they will put it into an installment plan of 2 years tenor.

@Gen-X,

Found one online calculator by AKPK. Quite useful I think.
http://www.akpk.org.my/tools/calculators?calc=content_3
The normal balance outstanding, interest rate (which one can enter).
Then if Min pay, it takes how long and how much interest incurred.
Else if fix monthly repayment, how long as well as interest incurred.
And one can do it side by side which is good for comparison.

Dont think they will request IC. They should be requesting card number instead because line increase is on the specific card.

That's why I guess the new tactic is to solicit customers by the way of SMS. So once customer replied the SMS, they took it as proof that customer wants increase in line. In the event that is the new tactic, I don't think they will request for IC as well. It should be card number instead.

The last was when they offered the cash back where the word on the street is many canceled the card after utilizing it within 6 months time frame.

Raise a dispute with the bank. They will do an investigation.

No, this service is not legit. Refer here: https://forum.lowyat.net/index.php?showtopi...post&p=29092186
Why incur that high cost when you can legitimately get a balance transfer?

This post has been edited by b00n: Dec 22 2011, 10:58 AM

They are suppose to check the signature. If indeed the bank proves that it is fraudulent transactions, BATA will incur the losses instead of the bank since they didn't check the signature.


The CS didn't inform you correctly thus you can actually complain and ask them to waive the RM 5 late charges. If they didn't then threaten to complain to FMB http://www.fmb.org.my as well as BNM.

17.5% is charged because of either of this 2 reasons:
1) Your card is less than 12 months
2) You missed payments 3 times or above in the past 12 months.

So depending on which category, you can basically figure out whether or not it's a good thing. i.e. 1 is normal but 2 is not good.

I still don't understand how was it stolen? How come only the card is missing whereas other things still intact?
Any places where you left your wallet unattended?

Have you not suspect someone close to you whom may have stolen it instead?
It looks more like someone whom is close to you with access to your belongings.

Anyway good luck.

The system doesn't care because it's program that way for cash advance. Thus those that overpay, will always need to call in to the bank to ask for a refund via cheque.

How hard is it to understand Credit Card and Debit Card is 2 different product with different set of system and T&C?

4 months and they will cancel your card officially.
However after 2 months, they will already block your card thus you can't use your card. Then once you pay down you can use again the card. But 4 months you don't pay, even after you pay; you will need to ask for reinstatement before you can use the card.

Conversion of card balance to term loan is up to the bank's discretion. They may or may not grant you. But why pay a term loan with fix interest rate when one can pay down the balance and save on interest since credit card interest is on reducing interest term.

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Added on January 30, 2012, 2:43 amCorrection on the term "blacklist" which is misused many times.
CCRIS will show one's payment conduct/behaviour. So for the banks, they may decide to approve or not to approve a loan based on the payment conducts. CCRIS do not "blacklist", it merely shows the credit worthiness of one person.


This post has been edited by b00n: Jan 30 2012, 02:43 AM

Why is everyone on an assumption that "No credit history" = "Bank reject"?

Well that statement is true up to a certain extend.

Ask yourself this, do you dare to lend to a person whom age is 35 and above yet never had a housing or car loan before and all this while is living in M'sia? Especially when the age creeps up, certainly this question will pops up even more stronger to wonder why and how did he live for the past xx years with no credit records. That being said, it also depends on the person's employment type and industry.

However for a young person 20-ish whom just entered the working society, how true is the statement "No credit history" = "Bank reject"? Banks are more than happy to extend credit facilities to them if they can prove their employment and salary.

The main reason TS is being rejected is already confirmed. Thus further speculation is not needed. The only thing now is for TS to find out which bank the fraudulent loan is from and lodge a formal complain with the said bank with hopefully BNM's assistance.

That is why it's advisable to check one's CCRIS record once a year to double check that identity theft had not happened.

My apologies. Misread TS post - didn't notice the "Maybe".

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Added on February 3, 2012, 6:16 pmHowever, my point remains. No record doesn't meant "bad" and "reject". It still depends on factor.

This post has been edited by b00n: Feb 3 2012, 06:16 PM

If one is a prompt paymaster whom pays in full, then it doesn't matter on the raised interest.
If one is a prompt paymaster whom did not pay full, they might want to start thinking on clearing more of their outstanding to save on interest. Thus why more debts?
If one is not a promot master and occasionally miss payments, then with a higher interest slapped, wouldn't one start to think of saving interest by 1st start paying promptly?

So how does this then translate to more debts?

Anyway, banks only earn interest revenue if one does pay. If one is a defaulter not wanting to pay; then raising interest also does not have impact on him. Banks are also at the losing end.