How about Balance Transfer? whats the interest?

Which part u see got contract 3 years??

The Balance Transfer are not bad.. 0% for 6 months.
I think ima gonna apply for one

Hi am curious will any bank accept fixed deposit to open a credit card account ?

thank you

i know CIMB does, but there is some fee

Seems like my old topic has been moved to Holland, so I create a new one
Old link: Don't click, just for reference

OK here goes my question.

I have a big sum of TNB bill to pay via credit card every month, at least RM30k every month.

Currently I have been paying as the pattern below:

1. OCBC Titanium @ RM1,000 to hit the max rebate of RM1,000
2. Maybank Visa @ RM1,000 due to maximum payment allowed.
3. Balance via Citibank, because it allow me to perform RM5,000 x 3 times per day.

Question now.. Citibank has increase the reward point redemption by 20% from their latest catalogue for Parkson (and/or other) shopping voucher from 18,500 to 21,900, a merely 20% increase.

I am looking for any other credit card that allow me to perform big sum of online payment, with good reward benefit..

Any idea?

the other cash back cards are Alliance and Hong Leong. you might consider those

From the place to use Amex thread, someone mention cannot use Amex at Tung Shin. This gives me a running thought:

Assume a person, named X, has credit card (CC).
He has no other savings (unknown to hospital, right ?).
He has no other assets also.

One day, he is sick, he checks in to hospital, swipe 5k deposit. Do you need signature here ?
The next day, X passed away.
Assume the hospital has already spend 3k expenses so far and invoice him.

No one signs the 3k invoice.

(1) How does the hospital claim the 3k ? Or use the 5k (with/without signature) ? Or write-off ?

(2) When the bank knows the person passed away, will the bank still pay the merchant (hospital) ?

(3) Chase from parents/siblings/children ? I think this is not valid.

Any other comments for open discussion ?

It is quite simple actually ... trying a possible morale question but if you look from the legal point of view then there's no arguments about it.

1. RM5K deposit is actually pre approved expenditure and you need to sign. The same way how does hotel deposit works. Therefore the hospital maximum limit to claim from the bank is RM5k.
2. Depends on the hospital then ... if the hospital post the claims then the bank pays them. If not then bank does not pay in the first place. Remember the pre-approved expenditure happens when the cardholder is still alive and the hospital can anytime prove this beyond any doubt. Even if the cardholder's estate tries to challenge this in court ... all the hospital will do is to produce the death certificate which indicate the time and date of death + prove that expenditure occurs when the cardholder is still alive.
3. Bank have the right to claim any debt from the cardholder's estate. (Understand what that means) A person having cc would have at least EPF (hypothetical) and the bank will request for payment from EPF and it is legal. If really zero asset and zero everything else then bank can't do anything but the question is that does the surviving family members would want to allow the deceased cardholder with huge debt moving on? (It is not really "Rest in Peace")

not clearing all debts will delay the transferring of liquidity assets. UNTIL all debts are settled.
It is the first question the lawyer will ask the person applying for Letter of Administration.

thats why New credit card applications are restricted to 65 years old. it is a measure to minimise risk of defaulting the last payment in case of an ill/bad event and all problems regarding debt.

Here's my question. What happens when a cardholder reaches 65 years old and the card expiry coming soon?


This post has been edited by whyee: May 17 2012, 01:02 PM

1. Hospital I'm not sure. But for hotel deposits, I recall not all of them require my signature.
(a) So, if there is no signature, hospital can't claim from bank, correct ?
(b) So, if there is signature, hospital can claim from bank.

2. I recall many years ago, when someone passed away, the banks will freeze all the accounts, FD, etc. even if it is joint-name, when the bank found out if the person passed away. That is my curiosity on legality between bank and merchant (hospital).

3. I understand the estate, that can be anything under the person's name/ownership. That is why my case above is to assume no other claimable cash or assets.
Well, some families are poor enough, that may not be able to settle the 3k/5k/10k/etc hospital bill. Don't say rest-in-peace, the family may not earn enough to live-in-peace at the moment also

I agree not all hotels will require your signature but the procedure for hospitals will differ. (The hotel is just an example of how can they claim the money from the bank) Here's what I know ...

1. Most hospitals would require signed pre-approved authenticated transaction. (I remember that I need to do it when I checked in before)
2. All Malaysian credit cards are EMV compliant, means the physical presence of the credit card when the cashier inserts it into the terminal (in the hospital). Means there's a possibility hospitals can still make a claim. (However do note that all banks T&C require the cardholder to sign on the slip or the transaction is not valid)

Likely scenario 1 comes into place unless the cashier is not careful and forgot to ask cardholder to sign. (And cashier are liable for the amount like cashier's working in supermarket and departmental stores - sure die die ... they will ask cardholder to sign)

This point is not accurate as there are multiple CNP (Card Not Present) scenarios which are legit and the cardholder is expected to pay. Easiest example of a CNP scenario are internet transactions. The signature is not mandatory and the transaction is still valid.

Oh yes ... I overlooked that. I wanted to mention physical presence of the card earlier on.
However, in some cases like Petrol Station purchase, the signature is not required. In South Korea, there are many examples where signature is not required when the card physical presence is available + EMV. And you'll be surprised signature is not required is some mundane merchant - e.g. 24/7 convenience stores. Not a problem coz a lot of cards in SK is already EMV compliant anyway. Authentication and approval is super fast - fastest to be around 2-3 seconds. 5 seconds consider super slow already.

Do note ... in general (at least in Malaysia) when physical presence of the card is used, signature is required.

Recently I made a purchase at Birkenstock BV.
When I gave the cashier my AMEX card, she took it, paused for a bit and asked me "Sir do you have visa or master, we prefer visa master". I was a bit surprised because I don't think it is nice to talk like that to a customer. I replied "I want to use AMEX" and she just slot in the card without saying anything else.
I've never experienced something like this before, even at shops that clearly state "we prefer VISA/MC".

Yeah. And also Coffee Bean. However, at places such as those really big department stores and cosmetics shops, they do need our signature but we sign on an electronic pad, not a printed paper receipt (it's GREEN this way!!!)


Very true!

In Sg, they just accept it without asking any question at all

Just out of curiousity.. What's direct access and what are the benefits?

Direct Access is used to by Southern Bank Berhad and they have been bought over by CIMB in the M&A activity.

They have their own CC product line to. Details at: www.­directaccess.­com.­my

Ahh.. OK.. Thanks so much for da info bro!

I always clear my cc and amazingly I do not know exactly how long is the interest free period. I read the terms and condition and I have a question. Assume I have always cleared fully my previous month statement. Is the 20 day interest free period counted from the statement date (where in the statement there will be a Due date) or counted from EACH and EVERY transaction individually?