Hi guys, checked first page but there's no indication about irregular credit card usage. Do banks charge any fee if we don't swipe every month? especially for the month where no transaction is recorded.

example:
Jan - yes
Feb - yes
Mar - no

Thanks!

I think singdreams would have heard again and again about bad cc usage. I am not pointing at anyone but all I can say is that, I was stupid and time can never be turned back. I was in a hole (1cc), then balance transfer another bigger hole (2cc) and then tried to Personal Loan to pay both cc. Did not take much till i got both my cc maxed again with a Personal Loan. Always minimum payment, and I do not bother about the interest cause I do not want to know. Today I feel very stupid. If only I spent those hours, looking for property or jumping on a market bull run.

When I wanted to get married, then I realised, not only I do not have savings but I kinda owe 30K over. Kinda hit me badly went I was made to leave my comfortable home and rent for myself. This time sat down took a good Personal Loan, paid all three up, CUT (REALLY CUT) the darns cc, pay fines to the SCB blood sucking Personal Loan and pay my single PL up(if can double/triple pay during bonuses). After 5yrs settle jor.

haha, dunno if my history helps, coz at that time I was so deaf to any advice. Hope singdreams do not go any deeper. Its not worth it.

~~~~

Thanks cute_boboi for the MBB-2 thread, ill start reading about it now. V6 dy.. lots of catching up to study..

thanks again all, awesome people here.. cheers

please teach me how to pump petrol using cc?also which to swipe first?the petrol reward card or the cc? so noob

please teach me how to pump petrol using cc?also which to swipe first?the petrol reward card or the cc? so noob

It differs from one brand to another. For Shell:
1. Insert bonuslink card (refer to the diagram at the pump)
2. Remove bonuslink card when prompt.
3. Insert credit card. There will be some display at the screen to verify the card.
4. Remove credit card when prompt.
5. Pump.
6. Place pump at its holder, take out receipt.

Step by Step:
i) 1st insert your petrol card into the card Slot at the pump & remove the card after the instruction...
ii) Insert  the Credit Card in the slot & wait for transaction (process)  approval
iii) After approve (there was dime Green Light near the Card slot) Your can retreat yr Credit Card now
iv) Take up the Nozzle & start petrol filling for your Car
& after finish it put the Nozzle back wait for receipt Printing after keep it for your record

Note: Petrol Transaction at the Plumb (outdoor)
Pre-authorisation amount (usually $200) will be charged to customer's card account during the fill-up.The Pre-authorisation amount will be reversed back & the actual filled-up amount will be charged to customer's bank account(card) once the bank receives the actual  filled-up amount from the acquiring bank. Average pre-authorisation holding days is 3-5 days

I think singdreams would have heard again and again about bad cc usage. I am not pointing at anyone but all I can say is that, I was stupid and time can never be turned back. I was in a hole (1cc), then balance transfer another bigger hole (2cc) and then tried to Personal Loan to pay both cc. Did not take much till i got both my cc maxed again with a Personal Loan. Always minimum payment, and I do not bother about the interest cause I do not want to know. Today I feel very stupid. If only I spent those hours, looking for property or jumping on a market bull run.

When I wanted to get married, then I realised, not only I do not have savings but I kinda owe 30K over. Kinda hit me badly went I was made to leave my comfortable home and rent for myself. This time sat down took a good Personal Loan, paid all three up, CUT (REALLY CUT) the darns cc, pay fines to the SCB blood sucking Personal Loan and pay my single PL up(if can double/triple pay during bonuses). After 5yrs settle jor.

haha, dunno if my history helps, coz at that time I was so deaf to any advice. Hope singdreams do not go any deeper. Its not worth it.

~~~~

Thanks cute_boboi for the MBB-2 thread, ill start reading about it now. V6 dy.. lots of catching up to study..

thanks again all, awesome people here.. cheers

Thanks for the advice ya... You have a really bad experience on credit card usage ya . right now i'm applying for the fourth credit card to help my friend as he need to pay for the school fees. I suppose the bank won't approve it anymore because the bank officer told me one normal working adult can only have two credit card .

I feel i can pay back my debt easily ... just need patience ...

actually my actual debt 7k only .

citibank 6k credit - used RM 2669
                          - available credit left RM 393
                          - Iphone 0 % installment left - RM2938

HSBC two piece
each 2k            - I think 1800 x 2 = RM3600 .

Its about 6.5 k

What are the possibilities that credit card purchases don't appear on statement ? 4 months ago i make some purchases at Tesco Setia Alam using Maybank Amex2 until now it still haven't appear on my statement. Merchant lost my purchase slip ?

If it is foc then i hope it happen more often.   

If it is foc then i hope it happen more often.   

What are the possibilities that credit card purchases don't appear on statement ? 4 months ago i make some purchases at Tesco Setia Alam using Maybank Amex2 until now it still haven't appear on my statement. Merchant lost my purchase slip ?

Simple question, need answer. Does rebate means bank gives free money to us?

Means if we used $10k in a year, on 5% OCBC titanium bank will give back $500?

yesterday my sister asked me how the banks can make money of out giving me credit cards if I always settled in full every month. Can someone explain how the banks profit if like this?

The bank don't make profit from you at all, really they don't if you pay in full.

Here's how the bank will make money -
1. Every single transactions swipe with the merchant - small percentage goes to the bank, ranges from 2%-3%.
2. Interest from rollover balances - if you don't pay in full.
3. Misc Fees - Annual Fees but these days it's waived anyway, Card Replacement Fees but this is rare, etc. (Very minor contribution if there's any)

It's the No.1 followed by No.2. So, are you fully satisfied and completely convinced (and your sister) that the bank doesn't make money from you if you pay in full ?