Guys is it true that cc interest rate is negotiable?

I heard ppl here saying that they can nego the cc rate to 4-6% pa?

Hahaha .... NO. No chance you can negotiate with the bank even though your monthly cc usage is more than >RM100k, let alone some small puny customer who claims RM1K (per month) spending is a lot. And you heard it from here ? No one from this section would dare to claim such.
You got to share who told you this magnificent myth!

This post has been edited by hye: Jul 21 2012, 05:06 PM

How to request credit limit increment? and what is maximum limit for a gold card?

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

I checked with Citibank, Gold Card can reach 100k

I've my question here:

1) I will be relocating to middle east which allowed me to apply for platinum card. but my current salary only allowed for gold card. So, can I apply for platinum card now?

2) Which one is better, applying CC in Malaysia (where my salary will be deposit) or to relocated country (where I will mostly use the card)?

Getting the card at the country where you are located at and using the card the most is better since no foreign transaction fee is involved.

But when I need to pay for the CC, there will be transaction fee involved for the payment rite? since my salary will be in MYR (paid in USD but converted to MYR)...

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

Recently I just get employed and is less than a month from start working. I want to know is there any minimum requirement for working duration in order to subscribe credit card?
All I need is GSC Hong Leong only where I spend alot of time watch movie there and hope to get discount.. Gross Income would be over 30k. Any idea?

At least 3 months is the safest in order for them to evaluate and approve your card effectively.

Instead of Hong Leong GSC, I would recommend Hong Leong MACH Credit Card which offers 10% for Movie tickets (GSC, TGV, MBO, Cineleisure and Cathay)
Details : http://forum.lowyat.net/topic/2421215

Ok noted.. thx

Thx. I will check it out later

if my statement date is on 1st each month, my due date is 21st

let say my outstanding balance is 1.3k, pay 1k on 21st

i know i will be finance charged on daily basis on the new transaction after 21st

but will transactions from 2nd to 21st is charged as well ?

yes but only on your 300 unpaid balance.

thanks

is the maximum liability of RM 250 for credit card apply to debit card? I got a case friend of mine who debit card being stolen and the money from bank account was deducted due to transaction at hypermarket. the thing is the transaction does not requires pin number as if the debit card is a credit card.

Hi, I have a few question regarding credit card. Currently I have 2 CC, Maybank Petronas and Aeon Classic.

1) I'm curious about the interest fees. How to calculate the 17.5% p.a. interest? Example if I have a overdue of RM1000, for that month how much interest I have to pay? RM175 or Rm175 divide by 12?

2) For both CC I have, the 0% easy payment plan is really a 0% interest or there are some hidden fees like processing fee? Example, if I bought an item with RM2400 price tag, from my understanding, after RM200 monthly, at the end of the year the total cost still RM2400 right?

Thank you.

1) RM175/12. Actually the interet imposed will be based on days. The earlier you pay, the less interest.

2) Yes you are correct for most merchants like Harvey Norman, Carrefour and Dell the total cost will be RM2.4K. But some merchant will advertise 0% interest free but they may charge you processing or admin fee.

This post has been edited by Gen-X: Jul 24 2012, 05:33 PM

Anyone manage to pay for TNB via internet banking or auto debit for Allianz or Hong Leong CC?

I have checked TNB website, this 2 bank is not in their list. I want to utilise the cash back rebate for these cards.

Effective 1 July 2012, enjoy auto Annual Fee Waiver for your RHB Credit Card...

Terms & Conditions:

1) Infinite Card: min accumulative spend of RM100K per Annum (combined spend between Prinp. & Supp. card)

2) Platinum Card: min accumulative spend of RM36K per Annum (combined spend between Prinp. & Supp. card)

3) All Other Card: min 12 Swipes per Annum for Prinp. card & min 6 Swipes per Annum for Supp. card

What Do U Think of This

This post has been edited by fly126: Jul 25 2012, 02:27 AM