You want such high credit limit for what? Still need to pay back in a month, and if you got the money you can overpay first so that effective credit limit higher anyway.

But there are scenarios where bank provide credit card product for people that apply housing loan/car loan. As a customer, we have the right not activate the card if we think we don't want it.

Do I have to re-do all my direct debit instructions if I request a replacement credit card?

Wanna ask dinesr cash is using their credit card credits to issue for us? Who took their loan and credit card here?

Hi, I have some question regarding credit card approval.

I never had any credit card before (1st time applying for a credit card) & my salary is RM24k per annum. I just want to apply a card mostly for online shopping.

I applied the Citibank Gold Visa & just received a letter from them today stating that they're unable to offer me a Citibank credit card at this point in time.

Does this mean I will not be able to apply for any Citibank credit card anymore? And will this also indicate that it will be difficult for me to apply a credit card from other bank(s)?

Thank you for any kind suggestions & advices in advance.

** End of 2012 / New Year Greetings **



It's that time of the year again for me to write that New Year Greetings

2012 in review (I may not have capture all of the essence in totality and this is just my personal opinion, do excuse me)

- MBB continues to dominate the local credit card market for local bank issuers. Thanks to their MBB's Maybankard 2 cards products which in my opinion swept the general market and their MBB VI and WMC which (I believe) equally dominate the Premier cards segment. It's interesting because a few years back they were nowhere and nobody (including myself) wants to be associated with their cards. Back then it was cool to own a Citibank card. Now, they are so large - I believe they even destroyed Citibank former domination of the local credit card market.

- BNM unsecured credit controls limits credit card growth. Both good and bad. Good to limit unsecured credit to new job market entrants. Bad coz gone are the days where you can use your old card as reference.

- Cash Back cards (OCBC TI and MBB Maybankard 2 Amex as such examples) are the "In thing". In these hard times, consumers look for value and the banks response. My personal opinion it's good to have such products but often I see consumers are not realistic with the expectation of "returns". I will always reassert my stand that banks are a commercial money making entity. It's scary that the Malaysian public such mentality over such "subsidies". Get real folks - these are the mentality of 3rd world countries. If you want Malaysia to be someday recognized as a developed country then let's all do our part.

- GST for credit card continues to exist and I'm not proud being the only country in the world which practices such. Folks, do read between the lines. The government are hard press for money and curbing credit card growth is just an excuse to collect money from the public. It's sad to see our hard earned money collected as taxes being used for populist subsidy policies. I hope GST will be removed by next year - my wish.

- The biggest snafu is perhaps SCB's review of their credit card positioning strategy. With the removal of the points and rebate system, it looks as if they are preparing to exit the market. But at the same time, they are also attempting to retain their customers. It's rather confusing as to where they are heading but I guess we will have to wait for a few months before SCB unveils their new loyalty programme. (If any) Their recent "Cash Giveaway" programme was simply mind boggling. It'll be interesting to see how will they shape up in the year 2013.
To end it all ... I look forward to the year 2013 with the hope that, we'll see more great products coming from the banks. (It better be ... otherwise it'll be very boring letting MBB have all the fun)  And I wish for all members to continue using credit cards in a positive manner as a great financial tool.
Before I forget, a big and warm thanks to all contributing members - especially those who has been the pillar of growth for this forum. They are Gen-X  , alexwsk, Human Nature, zenquix, WaCKy-Angel, fly126 (I noticed your contributions in 2012), (my fellow mods) brother MilesAndMore    & boon, ronnie, winner, David83, cenkudu, wshoh, chemistry, cute_boboi and not forgetting others who has equally contributed as well.

Happy New Year Folks !

Wah nice summary post =)
...........if want to complain about government collecting money from public there are many other things to complain and not just related to credit card specifically (I'm surprised general consumption GST not implemented yet, good to have threatening opposition =p). I think its good to limit credit card use/application among those who likely to build much debt. Don't want the country to be a nation of CC-debt-bankrupts. Just see how many people ask about cash advance from CC and how to get CC which is above their income earning capacity here.

that said, have anyone seen gen-x recently?

Last login was more than a month ago. Last time I talked to him was just before the New Year. Anyway, the weird thing is that one of his blogs is gone. Hope all is well  

OT: I think you can write to google and ask them the reason for removing and asking them to restore it back.

Happy New Year!

It happens, especially when you are having so much fun overseas. You loss track of time, well, you forget pretty much everything 

Anyway, it shows that it pays to pay your credit card bill full and promptly every time. Else i don't think they will be so nice to waive off all the penalty charge and finance charges for you 

By the way, now that you're back. It's time that you call your HLB RM to apply for the new Hong Leong Mach VISA      10% off three pre-selected categories bro 

I Recall that, Standard Chartered Bank also have charge $50 Over Credit Limit Fee over the Cardholder who Excess their CL ...

Hi Gen X.. Welcome back.

So sorry to hear about ya blog. My friends and I use them as our credit card bible page. We went lost for a bit when it was removed. Can your fans write in as support for you to Google? What I get is that Google thought its some automated update and classified it as spam. The good side to this is your eyes can take a break from the constant reading and blogging.

Eventually we have to be stopped being spoonfed and venture on our own. I roughly got the style of your cc assessment techniques and tried it on my own. Just applied for the new HLB Wise CC.

Take care and rest well.. Im pretty sure a lot will appreciate the financial awareness you share in your blog. Thanks.

Hi all,
I'm using Alliance Platinum card right now, would like to ask in order to ask for the waiver of annual fees, I do need to swipe 12 times per year.

but it going to expire by May 2013, if I start using it form today with transaction like RM10 petrol 5 times per week until April (when it reached 12 times).

Will I eligible to ask for the annual fee waiver? It is up to any amount of retail transaction right?

anyone know of any non-business credit card that offers cheque facility?

I think both RHB and Hong Leong Bank offer this, but it is only for those who own a business. I am looking for the same for non business owners.

uhh... is there anything as student credit cards in malaysia?
tried google it... saw quite many in other countries.

if there is which bank offering?

Hello credit card sifus.... wanna ask your opinions, am considering these two cards from Maybank but unsure which one to go with...

How is the Maybank Islamic Ikhwan Visa Gold different from normal credit cards?...

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

hi all, want to ask, how does this BT works?

1. can i BT a terminated card or the CC needed to be alive?
2. do i need to inform my current bank about the BT?

sorry, i have the slightest knowledge about BT, thank you

How do I temporary increase my CIMB gold card limit. I need to do an extra RM20k transaction above current limit for business. Is it possible?

I thought previously been mentioned some banks will 'add on' auto-approved card for various types of transaction/loan etc?

timeonce I wish to be polite but there's no such thing as accidentally apply for a credit card. There's an application process, a form, provide details and documents plus your gf need to sign on the dotted line. I disagree if you want (or your gf) to call it accidental.

Recently I apply for this UOB credit card. Thn i received the UOB platinium One card 1 month ago. But then I changed my mind to not use the card, so I did not activate the card at all.

Today, I recieved a letter from UOB. When I opened it and surprisingly it is the bill statement. How would I get a bill statement when I not even activate the card?! The bill statement is RM50 for GST.

So I call UOB for confirmation. The operator told me that I did not activate the card but charges for RM50 GST is automatically applied when the card is approved no matter the card is activated or not.

I felt like being cheated. So I asked her to cancel the card and reverse the RM50 charge. The operator told me the charge is cannot be reversed. So I must pay the RM50 even I want to cancel the card.

I felt totally WTF. First they charge me RM50 without my card being activated. No sms, email and letter to notice me about it. The worst part it that, I can't even use the card because it is not activated!!

So is this action by UOB consider SCAM? What should I do? any advice?

erm, would like to ask the credit limit for OCBC titanium? cause been in a case where when it's time to pay for hospital bill, credit limit on current MBB card not enough..those people who initially came with you to the hospital tend to magically disappear when the bill comes...lesson learned, so, need to know the credit limit so i can consider other options if ocbc can't meet the credit limit i'm looking for, preferably 10k credit and above.

The credit limit, is it up to the bank to provide right? What criteria do they base on?