Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Card v16, Ask general questions here, Please read the 1st post before posting!
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 Jul 28 2011, 05:41 PM
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#1
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Junior Member
97 posts Joined: Jun 2010 From: Kelana Jaya, Subang Jaya, Petaling Jaya  
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Hi, i'm new for the credit card. Going to apply for for my first credit card
Have few question, hope u all can help me solve it. 1. is it PETRONAS Maybankard Visa(annual fee free) good? 2. My monthly salary is RM 1700 - RM 1900, Can i apply this card MBB petronas visa? 3. Can PETRONAS Maybankard Visa do phone in EPP? Thanks |
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Jul 29 2011, 03:04 AM
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#2
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Junior Member
97 posts Joined: Jun 2010 From: Kelana Jaya, Subang Jaya, Petaling Jaya
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QUOTE(Gen-X @ Jul 28 2011, 07:59 PM) MBB Petronas Visa is good if and only if you pump at Petronas. However, you still cannot qualify for a credit card based on your monthly salary because BNM ruling states that one needs to earn minimum RM24K per year to be eligible for a credit card and also now Maybank have increased their minimum income requirement for their cards to RM30K/year. Is there any credit card that i can apply with my current income? cause as i know, certain place or website doesnt accept debit card. please advise. thanksTo All: I just check out the HSBC Amanah Cash back card and found that the 6% cash back only applies if one spend RM3001 and above. If you spend RM200- RM3000, you only earn 3% cash back at Shell, Caltex, Petronas, Carrefour, giant and TESCO and as usual capped at RM50 per month. Click here to read my short article on HSBC Amanah MPower card-i.  |
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Aug 25 2011, 02:55 PM
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#3
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Junior Member
97 posts Joined: Jun 2010 From: Kelana Jaya, Subang Jaya, Petaling Jaya
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Hi,
Having problem to apply credit card. My annual income is RM 36k +, with borang E, any other supporting document. The problem is the Public Bank reject my application. Is there any other bank able to accept my application with the supporting document i gave above? I dun mind any bank credit card, as long my credit card to approve. |
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Aug 25 2011, 03:32 PM
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#4
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Junior Member
97 posts Joined: Jun 2010 From: Kelana Jaya, Subang Jaya, Petaling Jaya
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QUOTE(cute_boboi @ Aug 25 2011, 03:13 PM) As usual, there are some standard questions such as: I have hire purchase for Car and House loan, but both payment also made in time.- do you have any previous bank/personal/education loan ? - have you been a guarantor before ? - have you do some checking at BNM CCRIS ? - have you tried other banks CC ? My dad is guarantor for the house loan So far i tried only Public Bank, i scare other bank will reject. Cause i waited 2 weeks only bank reject my application, if keep reject not sure when only able to get my credit card. Need it urgent to do installment. QUOTE(hye @ Aug 25 2011, 03:16 PM) Public Bank's risk assessment and approval criteria is rather strict for credit card application. Thus the application rejections might signal something wrong with your personal financial risk profile. I dun have any card holder with other bank, still fresh...only have debit card.- Do you hold other cards ? and if yes, what and who are the card issuers ? - Are you blacklisted ? - How much is your total debt exposure ? - Have you guaranteed someone else before ? - Have you checked with CTOS / CCRIS before ? - What sort of credit card did you attempt to apply with Public Bank ? It does not mean going to another bank your application will be approved. All banks practice similar risk management when profiling an individual credit worthiness. Clean record, loan payment pay on time. No guaranteed anyone else. CTOS only check for Telco only, for CC havent check. That staff at public bank choose for me, I think is monthly min swap 1 time, then will waive annual fees. I don mind get any credit card, as i able to settle my payment in time |
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Aug 25 2011, 08:19 PM
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#5
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Junior Member
97 posts Joined: Jun 2010 From: Kelana Jaya, Subang Jaya, Petaling Jaya
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QUOTE(hye @ Aug 25 2011, 05:00 PM) Yup ... I think so too. And the fact the card is about to be used for installment could indicated liquidity issues as well.Well, PBB was not wrong to red-flag if this info is true. But previously PBB offer me CC as long i maintain my car. but i late reply my answer to them, after one month, i try apply back to them, but so far do have any response for them too.Just to share which banks who are likely to red-flag as well. PBB, OCBC, HSBC. And for first time applicants of credit card will probably take longer too. My installment for house loan is OCBC, car loan only is PBB. Should i apply for CIMB or CITIBANK? is it easier? Added on August 25, 2011, 8:22 pm QUOTE(cute_boboi @ Aug 25 2011, 03:49 PM) moshimaruu, My car loan and House loan i not sure use up my annual income anot, as my parent just use my name to register it. Payment made by themMy wild guess is, with your car + house loan in your name (if you don't mind to share the loan amount here), already exceed one-third (1/3) of your 36k annual income. Therefore, PBB being a more cautious bank on CC, determine that your credit line is red-flag. This post has been edited by moshimaruu: Aug 25 2011, 08:22 PM |
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