Alliance Bank Premier Debit Card fixed 2% cash back for up to RM9K spending and Alliance Platinum Credit Card up to 2% cash back for up to RM5K spending (based on tiers).

In my previous article titled Earn Pocket Money with Credit Cards, I have given example on Alliance Platinum cash back based on tiers. If you don't include the reward points, the total cash back for up to RM5K works out to be roughly 1.35% (RM68.70/RM5K) but if you add the reward points, the total equivalent cash back works out to be about 1.8%. The rewards points are evergreen.

No, not a single call from Alliance and RHB and it has been more than 9 months since my AUM dropped to below RM200K. As for penalty, I think only SCB and HSBC impose it. In my article Credit Card No.8 Fool at RWF, I mentioned that I went to surrender my RHB Premier Debit Card and cancelled my RHB Plat issued via PB but they told me to keep my cards. It seems RHB systems show my RHB Plat card annual fee waive till 2048! And the guy even told me I'll be rewarded with cash back to offset GST once I use the card - but this has yet to materilized. However so far I have been earning the monthly cap of RM50 from their 15% cash back at Imperial Group Restaurants on weekends. So I am happy that I kept the RHB Plat card.

This post has been edited by Gen-X: Jun 23 2012, 12:52 PM

My bad, wanted to type HSBC but somehow key in HLB , edited earlier post.

2048 unbelievable yah. If I live that long, I will pass the current average life span of Malaysians

HSBC Amanah MPower Visa Platinum Cash Back Credit Card -i




Until end of 2012, the HSBC MPower Platinum Credit Card i earns you 8% cash back for petrol, dining and groceries. But like always, you need to read the terms and conditions.

Click here to read my article titled HSBC Amanah MPower Visa Platinum 8% Cash Back - Is It Really 8%?

Usually for installment plan, minimum amount RM1K if you go to places like Harvey Norman. Some merchants may allow you to pay half in cash and the remaining with installment plan. And here is another example AmBank Flexi-Pay where you can transact anywhere and convert to installment plan.

Since you are new to credit cards, I suggest you start off by reading my articles for beginners by clicking here to the prelude.

Yes, you can really buy things with 0% interest 6 to12 months installment plans. See link above for AMFlexi-Pay. And if you pay the installment on time in full, no interest will be imposed.

As for how bank earns money, well once a person has credit facility, if he/she does not have the will power to control his/her spending, then that's when the banks make money. You may want to click here and read my article 0% Interest Rate Installment Plan with Credit Cards - It IS A Trap.

This post has been edited by Gen-X: Jun 25 2012, 05:34 PM

Since all the above transactions are after 6/6/2012, you don't have to settle in full to avoid interest charges until 26/07/12 (assuming your next Statement Date is 6/7/12). If you have received paper statement for 6/6/2012, the Outstanding Amount stated in the Statement must be settle in full before 26/6/2012. So in the above case, you will need to settle in full RM90 prior to 26/7/12 if you don't have transactions before 6/6/12 and further transactions.

Click here to read my article Credit Card Interest Rate - CC244

This post has been edited by Gen-X: Jun 25 2012, 05:35 PM

Just go apply credit card with the bank your business/you have account with. If they still don't want give you a credit card (subjected you meet their income and residency requirements), then go give your business to another bank.

And since you willing to pledge FD, then pledge it against your current account and get a debit card issued with that account and wau lah eh, you got RM15K revolving credit facility for your debit card


To ALL:

I just published a long winded article about Hong Leong Bank Credit Cards and their Call for Cash and Balance Transfer Plan. Click below link to read it.

Hong Leong Bank Credit Cards - What Are They Good For?

This post has been edited by Gen-X: Jun 28 2012, 08:45 AM

you can always go to the bank website and apply online. Why you want to give your personal details to strangers?

Bro, since you new to credit cards, recently many people have been reporting that they received calls immediately after they received their Maybankard 2 Cards and got conned RM499. I strongly recommend you click here and read this thread on Suspicious Calls Relating to CC for your own good.

And if you want to learn more on credit card click here to my blog where I have articles for beginners starting with the prelude to show you the extend of people in debt with credit cards.

It is not really BNM requirement. It seems that effective last month for MBB only, all applicants have to declare their financial position in a separate form.

And Bro, to be 100% sure, like zenquix said, go apply at 1U Maybankard Centre (noted that you mentioned bank agent which I assume you meant you apply at Maybank branch). Or call them - tel number posted in first page of MBB 2 Thread.

This post has been edited by Gen-X: Jul 2 2012, 10:30 AM

I just published my latest article click below link to read the latest benefits for Citibank credit cards. The Travel Insurance has been downgraded for both cards.

Citibank PremierMiles Visa Signature and Platinum Credit Card Benefits 2012

** Edited **
Please note that the Citi Plat now also entitles the card holder unlimited free entries to Senai and Langkawi

This post has been edited by Gen-X: Jul 9 2012, 04:51 PM

The Star - AMMB wants to acquire MBF Cards for RM623mil. It is not surprising that AMMB wiling to take over MBf since they have been working together for some time now where MBf card holder can pay their bills thru AMBank.

and ronnie too pointing out the "error/typo" and even posting the cash back table with additional info

and for those of you guys who do not read The Star, click below link to my wordpress blog

Malaysians Are Among The 10 Ten Savers In The World and Also the Top Worst Credit Card Repayers in Asia

This post has been edited by Gen-X: Jul 12 2012, 10:03 AM

Why is there a 34 months tenure when you will settle in full on the second month?

I not very sure how it works but I here is an example:

Since you will not be settling the outstanding balance in full prior to the due date, you may be imposed interest charges from the day you make the transaction. Please note this is not necessary the case (I don't really know - some reported they are only charges interest for unpaid balance after Due Date ). So assuming your card does charge interest from the day you made the transaction.

Assuming you charge RM3K to the card tomorrow 18th July 2012, and you pay RM1,500 on 30th July 2010 and once again RM1,500 on 30th August 2012 (please note you got to add interest here to settle the debt in full, call CS to confirm the amount and add a few ringgit for payment to be cleared/captured).

18 to 30th July = 12 days
Interest = RM3000 x 15% x 12days/365days = RM14.80

1st to 30 August = 30 days
Interest = (RM3000 + RM14.80 - RM1500) x 15% x 30/265 = RM18.68

Also note, if you have Outstanding Balance after Due Date, you no longer enjoy the "interest free period" and as such any new transaction(s) with your credit card may also be imposed interest.

Anyway Bro, would appreciate is you could post here later the actual interest charges imposed after you settle in full your Outstanind Balance in full in 2-3 months time.

You may also want to read my article Credit Card Interest Rate - CC244

This post has been edited by Gen-X: Jul 17 2012, 10:07 AM

yahiko mentioned she's blur, haha. And with ronnie mentioning x% rebate, I am sure she's more confused.

This post has been edited by Gen-X: Jul 17 2012, 07:05 PM

The Ultimate Airport Lounge Card Title is no longer exclusive to Standard Chartered Bank Visa infinite. There's a new card in town issuing the Priority Pass Membership Card with unlimited passes plus 5X reward points for overseas spending. If you are free and nothing to do, click on below link to read my freaking long article (from the title also you will know what new card I am talking about without needing to click on the link):

UOB Privilege Banking Visa Infinite & Retirement

?? I guess you must be referring to "(from the title also you will know what new card I am talking about without needing to click on the link)". Here the title is referring to my link which is also the title of my article.

So now both the SCB and UOB VI share the award of being the ultimate airport lounge credit card

Call customer service. Some Gold card credit limit can go above RM100K.

If I were you, I apply here and overseas and then decide later which is better.