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.

---

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~

---

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?

All HLB cards.

https://www.hlb.com.my/main/news/20160525-0...-rewards-points

i just got the RM1800 rebate on last month and now my real cash got over RM2300 on the very first year~ at first thought the yearly accumulative is based on 1 Jan to 31 Dec because i received the yearly summary on Dec statement and wasted the expenditure from Sep to Dec 2015 but luckily they gave me the RM1800 payout on Sep 2016 statement and the yearly total expenses is based on the starting date of my credit card~ Thank you Hong Leong Bank for having the very best credit card in the world with an approximately 1.96% cash back on my other expenses excluding petrol, dining, grocery and online purchasing~

That's very good information - thanks for sharing! I'm halfway through my first year, and building up slowly. Normally try to hit RM5k a month, but this month is higher at RM9k. Can't wait for my annual bonus . Its a great card for cashback on stuff that normally doesn't give anything.

yup, especially in a year whereby i need to buy a lot of home appliances for my new house~ 2% extra cash is a lot as compare to essential 1% and others credit card 0.3%

Quick question - do you withdraw your real cash or keep it there to accumulate interest? I've been transferring mine to Wise every month but will soon be cancelling Wise and thinking of what to do.

I withdraw it to pay CC.

U can open a saving account without a debit card, just as a middle point to transfer the real cash every month and pay back fortune.

i keep inside it because it won't expire and the interest rate is higher than in savings account. it's according to prevailing 3 month FD

since sep 2016 onwards, government body transcation not entitled to get 1% cash back
the officer told me but the bank even didn't inform us about this new term and condition

Exactly - I found out the hard way too. I lost out my whole RM50 for that month, because I spent RM5,000, but less than RM2,000 on qualifying transaction.

They said they published it in the "announcements" section of their website. I checked and it is so difficult to find. They didn't even bother updating their TNC.

yeah.... i didn't receive any messege from them they just changed the terms and conditions without inform the users

online paid to https://byrhasil.hasil.gov.my/creditcard/index.php

lhdn charge me 0.8% i only try to get back the 0.2% from the fortune card

even OCBC Tat MC 1%, CIMB cash rebate 5%, PBB Signature 6% and SCB Cash Back 5% all have the cash rebate

This post has been edited by asiatrader98: Nov 10 2016, 04:02 PM

My situation even worse! I paid my AEON CC via Pos Online (2.12% charge), which was considered government transaction.

How tou know that transaction considered as gov transaction? AEON cs told u that transaction is gov transaction?

Its got nothing to do with AEON. It is because the payment was made through POS Online.

I called up Hong Leong Bank and asked why I didn't get cashback for the month even though I hit RM5,000. They said that RM3,000+ was POS ONLINE, which is recorded as government spending, hence ineligible for any cashback.

Sorry but I beg to differ that 1.96% cash back card is the "best credit card in the world" although you really mean it. With Aeon/ Aeon Big CC combo with PBVS / UOB YOLO, one can get 4.4% cash back excluding petrol. Literally, Aeon/Aeon Big CC or with 6% CB for online transactions would be the "best" combo in Malaysia in my opinion. If it is petrol, then this combo would give a 4% CB.

I agree that the combo approach is the most flexible and "best" for most people.

HLB Fortune is great if you're lazy and just want one card for swiping all expenses, above RM2k per month.

For me, it is a "miscellaneous" expenditure card, just in case I exhausted all other options.

the cash back if spending less than 2k/month is bring forward to next month or burn off?
i get confused now after seeing some different comment

will Burn Off if spend less than RM2000 / Month

HLB Fortune- need minimum spending RM2k to qualify CB this is a good card if you could spend at least RM 2k but capped at RM 5k (RM 50 cash back).
that one needs to spend at least RM 2k per month and it will not be accumulated. If cannot achieve then CB burn.

This post has been edited by fly126: Nov 16 2016, 09:49 PM

Confirm burned if less than 2000. No carry forward.

Thanks for confirming, at least this remain the same since launched of fortune and same answer from every cs I talked to.

Hi all Sifu
I would like to know

Government spending not entitle for CB(jz realise last month)
But are the government spending taken into account of yearly spend(for the annual reward)?

This is a question I am dying to find the answer to. Anyone got an answer based on real experience?

Technically the annual reward is cash back too right? So it would be risky to assume that government spend is counted.

I personally don't dare to try even if CS can give an answer.

How about bill payment in hong leong bank connect (hong leong bank internet banking website) count for cash back for this fortune cc?

This post has been edited by sms2u: Nov 24 2016, 10:54 AM

Only if the transaction appears in your Fortune Card statement.

why say so?
If i pay with fortune cc , ths transaction will appear in cc statement.

Well, you mentioned pay with Hong Leong Connect, I am assuming you have both Saving/Current accounts and Credit cards. That's why I said if it appears in your Fortune card (if paid with credit card).

tan_aniki, do you know if government expenses are also included into the yearly total for 108k in order to qualify for RM1800?

This post has been edited by laymank: Nov 27 2016, 12:31 PM

what gov expenses? u can pay some gov bill in shopee and it should be be considered as online transaction

myeg

Hi, I would like to know is it the fortune card RM1800 rebate is based on yearly total expenses spend on 12 month or december? if my card is approved on april.

I recall reading previous posts in this thread which mentioned that it is 12 months and not calendar year. Can search back a few posts - but that is what I clearly recall.

thank you very much

This card seems to have been removed from HLB card selections.

I can still see it:

Personal => Credit Cards => Choose a Credit Card => Cashback => Fortune Card

https://www.hlb.com.my/main/personal/cards/fortune-card

BUT, it looks like a new card with a paywave feature right? My current card is black and gold squarish patterns, and no paywave.

thanks! must be my screen size. I can see it now.

I just got this card... does this card has waive the GST fee if I use for first three times any amount?

This post has been edited by gsan: Jan 17 2017, 10:04 PM

https://www.hlb.com.my/main/personal/cards/fortune-card

Enjoy automatic annual fee waiver with just a minimum of 12 retail transactions or RM8,000 retail spend a year.

12 retain transactions.. what is the min amount of each transaction?

not specified.

Yes, I have been Fortune user for few yrs, it is 12 mths and not calender year.

This card seems like better than essential. To apply it..

Remember to spend at least 2k per month. Otherwise you get nothing.

need to spend minimum 2k to get 1% rebate? Could you guide me where it stated in T & C? Thanks.

Yes, need 2k at least a month.

In tnc, here :

Hong Leong Fortune Credit Card Terms & Conditions
https://www.hlb.com.my/main/assets/files/ho...it-card-tnc.pdf

3(a)
...The Real Cash earned shall be credited to and reflected monthly in the Cardholder’s Statement provided that the Cardholder has earned a minimum Real Cash of RM20...

to earn RM20 is to use 2k.

This card is good for ppl spend average 9k~9.5k per month to get max cash back (on other spending categories)

So it is better to use on top of other card which gives you better cash back for groceries, petrol etc.

This post has been edited by vseries: Jan 21 2017, 01:08 PM

I thought less than RM 20 would be accumulated until RM 20 then only transfer to Real Cash earning

It doesn't work that way.

Another note, when you first get the card you may have less than a full month to use.

I am going to swipe big amount (furnitures & appliances), i think this is a good card to apply right? 1% (min spend RM2k/month, capped at RM5k/month) + RM280 cash if spend above RM38k per year, did i miss any important t&c?

I have this card and its pretty good for categories of spending that normally don't get cashback (like buying things from normal retail shops). Plus, sometimes HLB has pretty good promotions, so its useful for those.

Note that Government transactions and JOMPay won't earn cashback.

Noted. Thank you.

just to confirm, the min RM2000 spend to qualify the 1% cb must be fall in the same statement month, not calendar month right?

This is what the t&c state:
3. Terms and Conditions of the Programme
(a) The earning of Real Cash is determined at the end of each billing cycle/Statement date and is equivalent to one per centum (1%) of total qualified retail spending (rounded to the nearest Malaysian Ringgit). The Real Cash earned shall be credited to and reflected monthly in the Cardholder’s Statement provided that the Cardholder has earned a minimum Real Cash of RM20 and subject to a maximum Real Cash of RM50 in each billing cycle/Statement date

1% Real Cash Earnings on your purchases*
This will be credit which can redeem to CASA?

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

How about this? when bank will give this? also can credit to CASA?

Yes.

At the end of statement year. Yes.

Oh, the cashback gets interest, too.

This post has been edited by laymank: Apr 14 2017, 11:28 AM

Managed to hit the first threshold (RM38,000) only for first year, and got my yearly cashback .

This is a great card for miscellaneous spending.

guess this thread will be merged into Hong Leong Credit Cards ?

This post has been edited by DarReNz: Apr 15 2017, 05:24 AM

has been using this card for few years...

taken twice RM1800 yearly real cash earning..

the third time will be in this coming MAY... lol

the yearly real cash earning credit to credit card or we need to redeem it same as monthly rebate?

when the yearly real cash earning granted?
is it exactly 12 months? or need to wait longer?

how to know how much is spent? keep track ourself? might calculate wrongly if do it ourself.

we need to redeem it same as monthly rebate...
i willl swipe more than the amount specified in case wrongly calculation....

I keep track myself and just use the sum of my monthly statements. I spent 45k this year, so I was very confident it would be above RM38k. Shouldn't be difficult to track if you just use monthly statement totals.

Coz im using it for some government related payment trasaction like "MBSA CUKAI", "JPJ ROADTAX"....
these all not count into the religible transactions i afraid...

another year with RM1800 real cash earning

At first i thought it calculate until Dec of each year because there is a summary in Dec statement, however, i continue doing my own calculation and the real cash bonus RM1800 is credit on the anniversary month when you got your first spending on the card.
It's better you keep track yourself because you can judge whether you can achieve from RM68k to RM108k if the remaining month is enough for you to do so or not.
If can't you can spend on others card such as Essential to get more percentage of CB.

Hi, mind explaining the combo 4.4%, thanks

why did you reply a 1yr old post? do u know the info already outdated?

answer for the "combo" = keyword posonline

Is it okay to pay for company bills with credit card ? And claiming it back ? Will it create isssues with LHDN ?

This post has been edited by thlo87: Oct 17 2017, 09:31 PM

Unless your claim-back became additional income (i.e. income tax apply) on paper?
But if so, I doubt you want to pay company bills with personal credit card.

Are the cashback considered additional income ? Is it legal to do so for the cb and points ?

nope, cashback is not.

Yepp - cashback isn't taxable income. It's almost like a "discount" / reward from your expenditure.

The issue about using personal card to swipe company expenses is that your company may get queried (from both an audit and tax perspective) on why there are lots of "related party transactions" and whether such expenses are personal or corporate in nature.

Although I'm cashback crazy, I would err on the side of caution and keep them separate.

Thinking whether I should get this card, am getting fed up with the measly 0.6% from my HLB Essential card. Most of the months , I don't hit the RM5000 to get the 1% CB. But with the Fortune card, I would benefit more.

why won't you consider maybank FC Barcelona?

Excellent advice - this is also what I've done. Not much use for my Fortune anymore.

I would , but sometimes my expenses go higher than RM2500 a month. Thinking which other card other than SCB cashback gold and essential would be beneficial for me. I don't feel that it's worth it getting only 0.6% from Essential.

Not worth to keep, other cash back cards are better, eg PBB VS, MBB VS, SCB just one, MBB 2cards,etc

This post has been edited by tonytyk: Nov 30 2017, 11:49 PM

Yup after due consideration decided not to take this card.