Hello , This is my first thread for hong leong fortune .
since im new with lyn and just apply with fortune ,
i hope to get more idea , opinion , about the card.
the pro and con from this card.

Here from the copy hong leong website.

1% Real Cash Earnings on your purchases*
Whether it's shopping, dining, petrol or anything else, you will earn 1% cash for every Ringgit spent. E.g. RM100 x 1% = RM1. Spend more, earn more.

Earn interest on your Real Cash Earnings
Your Real Cash Earnings balance will also be earning interest (interest rate is based on the prevailing Hong Leong Bank 3-month fixed deposit rate).

Up to RM1,800 extra Real Cash Earnings on your card's anniversary
Extra earnings are based on your total annual retail spending, up to RM1,800 in real cash.

THE PRO is If you able to spend monthly rm9000
you get rm50x 12 = rm 600 (cap rebate)+ rm 1800 (bonus) = rm 2400 ( = 2.48%) rebate + interest .

if you spend rm 5666 monthy x 12 = 68000 yearly .
you may gain 880 + 600 = 1480 ( equivalant of cash rebate 2.2%)

about the same to mbb2card amex is slightly better because it have 2.5% as TP convertion.

Currently im thinking
Its that the Best of using Visa on Fortune , and Amex on Mbb2Cards .
If you do not want much benefit and privileges like the Vs/VI / WMC.

The Cons is the Priviledge and the Benefit from this card. since you paying a RM108k a year..but u do not gain the priviledge like i have my
AMex Pcc , or SCB VI.
and you must use rm2000 so you only ABLE to get the rm20 minimum to bank in to the account. this is what not good for the low income.

but i saw some thread about the usage of ocbc titanium vs mbb2amex vs citi cash back , uob one and maybe others .im not very familiar.
but its capped on rm50 only if im not mistaken , im not a professional for all cards.

so if you are big spend can get 108k a year to spend . each actually very good much better than alot of 0.5% unlimited. (rm108k x 0.5% = rm540 only)
you may spare another card as in your mbb2amex and visa fortune if they reach your credit limit.
i always spare a charge card with me , but its doesnt seem good cause some places like gdex and fedex i pay around 30-40k and it cannot go with amex merchant . please tell me if you have other good cards. im very thanks to all the forumers member to give me a chance to discuss here..
your help is always appreciated.

Cheers.

This post has been edited by bertdeen30: Dec 23 2011, 06:41 PM

annual fee rm160, no thanks.

For Combination, I prefer OCBC Titanium and MBB2.

This card is free for life if you spend a minimum of RM8,000 a year or use twice a month.

Gen-X did write a review on this card. Please refer to his blog.

i hope to have more discussion , from different v iew and opinion , tq

You basically can take out RM10 cash rebate each time from the ATM.
Not sure you need to pay the ATM card fee

the card is 'conditional free-for-life card'..other banks offer unconditional free-for life card..need to keep track on spending (use twice every months/spend 8k) just for the annual fee waiver..i also got this card, but im cancelling it before anniversary
the calculation for rebate is also confusing a bit..i prefer straightforward 5% by the end of the month automatically debited

spend RM5K/month every month and your returns without interest = 1.46%

And if you spend RM7.5K/month every month, your returns without interest = 1.64%

In my blog, I have given an example showing than one earns less than 1.5% with RM100K per year spending (where each month the transaction amount is different).

Yes, this card is good if you spend RM108K per year, like in your case where you use your credit card to pay for company monthly fixed expenses. But spending more than RM108K, your returns becomes less, is like you are penalized for spending more

If you spend RM14K/month every month, your returns without interest = 1.43%

Side note, next time your company is being audited/investigated by LHDN, let us know if the investigating officer query you on the reimbursement vouchers made to your name (RM100K is a big amount and I doubt they will miss it). I was questioned for RM10K reimbursement few years back If no, all of us can go offer our services to companies and give them like 0.5% discount and earn extra pocket money

Like I mentioned in my article on Hong Leong Bank Fortune Visa Cash Back (click here to read it), this card is complicated (for personal use) and the cardholder has to waste time keeping track of his/her expenses.

If this card was so good, all the big spenders here will be holding this card, but I guess they got no time to go keep track of all their expenses, because if one miscalculate, they be losing out hahaha


To ALL big spenders (for personal use) that requires a Visa or MasterCard for local spending, your other options besides HLB Fortune are:

Seriously, if one spend up to RM9K per month (or RM108K/year), the best card is get is Alliance Bank Premium Debit Card which earns the cardholder guaranteed 2% for every transaction, credited monthly instead of yearly.

And if one spend RM5000 per month, the best credit card is Alliance Bank Platinum where the cardholder can earn guaranteed 1.5% cash back PLUS points which will also add up to close to 2%.

And with the two Alliance cards above, you can have up to RM14K expenses which can earn you guaranteed more than 1.5% cash back. And with this two cards, can get free access to KLIA and LCCT Plaza Premium Lounge.

And for AMEX charge card holder that spends above RM20K per year, look into Turbo points for next year i.e. March or April but also has a cap on the total bonus points.

Gen x ..how do u it by only 1.43%? Because if u add the anniversary 1800 it become higher 108k with 2400 rebate per year.

For alliance , I checked the first 500 and 1000plus upto spend 2500 to 5000 have separate tier so if I spend 5000 monthly 5000+point is worth if u spend more than5000 is capped max but u only earn point. This is why I'm thinking to use fortune then alliance I also alliance member , I just get loan with them for my semi d.
If I'm not mistaken they use rm5000 capped total rebate is rm70. With point 200point can change rm1. It worth rm 25 +70 so near 2% am I correct?

what you mean by become higher? Maybe I don't understand the complicated rebate system and you can show me what you mean.


Yes, you are correct. Max cash rebate RM68.75/month. Like I said, good if you spend RM5K/month i.e. not more than RM5K/month. Well, maybe up to RM67,999/year

Below are examples assuming one earns 0.5% from Alliance Plat points.

If you swipe RM5K per month, then Alliance beats HLB Fortune; but, once you spend RM68K to RM320K, HLB Fortune better than Alliance Plat. However, if you continue and spend more than RM320K per year, the Alliance Plat is even better than HLB Fortune Like I said, HLB Fortune penalizes you if you spend more than RM108K.

Well, actually,

if you spend equal or less than RM37,999, Alliance Plat beats HLB Essential and HLB Fortune.

if you spend less than RM67,999 or less, Alliance Plat still beats HLB Essential and HLB Fortune.

if you spend between RM68K to RM164,999, HLB Fortune beats Alliance Plat and HLB Essential; BUT, Alliance Plat still beats HLB Essential.

if you between RM165K to RM239,999, HLB Fortune still clear winner but HLB Essential beats Alliance Plat.

if you spend more than RM240K, HLB Essential better than HLB Fortune

As usual, there is no one good card but one needs a combination of cards. So I would say HLB Fortune good for spending RM108K to RM240K (returns >1%).

Having said the above, for up to RM14K/month, once again combination of Alliance Premier Debit Card and Alliance Plat may earn you more.

Come to think of it, best combination for non AMEX card spending up to RM288K/year (actually RM276K but 288 nicer number, haha) in no particular order (you got to figure out yourself based on your monthly expenses) -

RM120K use HLB Fortune Credit Card and earn RM2400 or 2%

RM60K use Alliance Plat and earn 2%

RM108K use Alliance Premier Debit and earn 2%

more than RM288K, switch to HLB Essential, SCB Biz Plat or MBB VI

So in conclusion, I just gave you the conclusion what the Fortune card is good for

And come to think of it, I should also post above in Earn Pocket Money with your CC thread and my blog too; then again maybe not, it may be too complicated for others to understand what I just wrote and to keep track of their expenses, hahaha.

This post has been edited by Gen-X: Dec 24 2011, 11:54 PM

Yes you are correct.

I'm going to plain only use 9000 for hlb fortune and 5000 alliance plat month.
Just to pay for my company freight charge.

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Added on December 29, 2011, 2:43 amJust Apply Last week and get approved this week , will share the details , hope i get the last 8 easy remember digit number

its easy to get approve~

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Added on December 29, 2011, 2:45 amJust Apply Last week and get approved this week , will share the details , hope i get the last 8 easy remember digit number

its easy to get approve

This post has been edited by bertdeen30: Dec 29 2011, 02:45 AM

where to check cash rebate online? and how to use it? if let say i have $100 cash rebate, can i use the cc for $100 and pay it using the cash rebate? do they auto-pay or i must tell them to do so?

any member is using this card?
Pls share and compare with HLB essential card.
Which one is better?

i) HLB Fortune - 1% Unlimited Cashback but, need min. accumulation spending RM2000/month to qualify CB capped at RM 5000 with Max.$50 cash back, If you X Achieve (RM2K /monthly) then the CB burn off https://www.hlb.com.my/main/personal/cards/fortune-card

ii) HLB Essential
• 0.6% unlimited cash back on insurance transactions Or Other retail transactions, NO CB for Petrol
• 0.6% cash back on RM5,000 spend (tier 1)
• 1% unlimited cash back on subsequent spend (tier 2)
https://www.hlb.com.my/main/assets/files/ne...and-updates.pdf

Thx for your analysis.
I guess no 2 is better.
Anyone try to use Essential card to pay ptptn? hope can enjoy the 0.6% cash back.

Both with annual fee?

You need to double check the MCC code of PTPN and whether HLB counts this as government. For example, Pos Online is Postal Services but it is categorises as government by HLB and ineligible for cashback.

I use HLB Fortune. Was a Wise user. I definitely hit RM2k per month through recurring payments like condo fees, gym membership and car maintenance etc, which I can't get 1% cashback from any of my other cards.

The choice between Essential and Wise depends on your spending pattern. Fortune also has annual bonus above certain thresholds, so that's a plus point.

Both are AF Waiver-able with 12x Swipes p.a

so the essential card cash back is exclude gov bodies?