by the way, do they need your payslip if you want to change your cc at the same bank??

For example, you hold 1 cc and you want to change it to another cc.

Due to the latest BNM guidelines, although one are eligible for their Premier/Priority/Privilege Banking, still need to furnish income document to get a credit card. If I'm correct, all complimentry free credit card for Premium Banking customers are discontinued since the BNM guidelines. But one still need to be a Premium Banking customer + income document for certain credit cards which reserved only for Premium Banking client.

This post has been edited by JJBerry: Aug 26 2012, 01:42 AM

when did the ruling come into effect?

Kinda stupid if you ask me ...

What if there's a super rich guy who doesn't want to work?? Or expats retiring in our country??

The ruling is there to prevent uncontrolled unsecured credit which I'm in full support if we don't want our country to be full of debt filled citizens. And if you are trying very hard to advocate the "large logo" which you have in your signature then take a seat back and think in a broad picture of that decision made by Bank Negara and your reaction itself. I'm sure there's no need for the country to bend over so whatever demands made by the public - the ruling is made to protect the public in the long term. Rethink the intelligence of your own answer which you just posted.

No need to rant -
1. Are you that super rich guy ?
2. Are you that expat retiring in our country ?

- A super rich guy who has money but without work - sounds suspicious right ? Super rich people have their assistants paying for them. They just walk in, point to whatever they want and walk out. Their assistant behind them are the one who runs over to pay the bill. (in most cases) In short, they can pay/hire someone who has a credit card to pay for them all around.
- It is not easy for expats to get a local credit card - not just in Malaysia but it's the same thing all over the world. Even in Singapore, South Korea, Japan (worst) it's the same thing.

Even if there's exceptions, what's the percentage of non coverage ? 1%? 0.5%? Isn't this is normal for any human written law anywhere on planet earth ? Only god's law would guarantee coverage for 100% of the population and applicable to every single human being on planet earth.
I'll be alarmed if Malaysia is so lax ... are you possibly indicating we that backward till we need to be desperate ?

This post has been edited by hye: Aug 26 2012, 09:08 AM

You mean you have HSBC Premier Banking and you are not issued their WorldMasterCard?

Not necessary if you have an existing card with the same bank.

For example I applied for Maybank Visa Infinite in October 2011 without any documents via phone.

And if you have a Maybankard, walk into Maybankard Centre and you can apply for the Maybankard 2 Cards without any documents and the card can be issued to you within 2 hours.

Same applies for MACH by HLB, if you existing HLB cardholder, go to a MACH centre and the card can be issued to you within 1 hour without any documents except for your NRIC.

Complimentary cards are still being issued for PB customers.

Since BNM guidelines was announced in March 2011, these are the following new cards which I have obtained without submitting any pay slip because I simply don't have any starting from January 2011 (did not submit BE Form too). My wife and I have obtained several cards through Premier Banking and both of us are unemployed.

- My wife's Citibank PremierMiles and my Citibank Platinum. - April 2011 applied thru CitiGold and both declared unemployed (Citibank will ask this when you are opening a banking account with them and it will be reflected in their system). I got a shocked the CL Citibank gave to my wife considering she has two other Principal credit cards of her own and she has zero income.

My Wife's and my Standard Chartered Bank Visa Infinite - October 2011, both Principal cards obtained via Priority Banking. Once again both obtained the card without submitting income documents because we don't have any. Same thing for my wife as far as CL is concerned, SCB really generous giving CL to my wife. For me, the CL was less than my other Premier cards.

And my latest card UOB Privilege Banking Visa Infinite last month without submitting any documents too, just sign on the form and my RM did the rest

Having said that, one can also apply for new Alliance Visa Infinite thru Privilege Banking and on the application form there is a box for one to tick if he earns above RM36K.

This post has been edited by Gen-X: Aug 26 2012, 11:47 AM

I think the 1-hour issuance for MACH by HLB doesn't apply to existing HLB CC holders (according to jonjack88)

I agree to above 1st paragraph and I think the minimum annual income should be raised further to RM30Kpa since nowadays many debit cards offer benefits similar to credit cards. Also, BNM should also seriously look the maximum period for installment plans and make it not more than 12 months and ban balance transfer plans. The other thing is BNM should also apply the credit card requirements to personal loans where the maximum loan amount shall not be more than 2 months salary.

Anywhere on earth if one got no income from legit source, sure very hard (not impossible) to get a Principal credit card. When I was in Australia I asked the Personal Banker if I can apply for a HSBC credit card with my Malaysia issued HSBC VS and was told NO. On the other hand, no problems in getting Australia Debit cards. Those of you who want to see my Australia Citibank, Commonwealth and HSBC Debit Cards click here.

Having said above, the HSBC Personal Banker did confirm that there is an exception if one has HSBC Premier Banking Account. You see, if I have a Malaysia HSBC Premier Account, I'll automatically be eligible to open an Australia HSBC Premier Account (without depositing the minimum amount required for Premier Status) and as such I can get HSBC Australia issued World MasterCard without needing to proof any income Initially I thought of opening a Malaysia HSBC Premier Account but then decided against it as they don't offer FD Promotion to existing customers and as such I will be earning less from interest compared to FD promos in town.

This post has been edited by Gen-X: Aug 26 2012, 11:33 AM

by the way, do you think the HSBC bank and cc are overrated? I don't find their service particularly good, and their CC rewards just so-so only ...

Yah, RHB Travel Money is amongst the best RHB Classic Credit Cards series since you can earn you 2X points for selected transactions.

Currently, RHB have pretty good promotions on Friday where we get Freebies at Starbucks, GSC, Sushi King and Popular Bookstore. And they are offering 0% Balance Transfer Plan until 31 December 2012.

I just published by latest article where I did a short review of several of the RHB Credit Cards, please click on below link to read more. As usual, there will be comparison of cards, and in this article RHB Tesco versus Maybankard 2 Card and I also touched on RHB Travel Money petrol rebate.

RHB Credit Cards Review & Promotions 2012

couple hours ago, I've received 2 sms both my primary and sup MBB2Kard Amex been charge on certain online transaction which is not perform by me nor my wife as that time we are still in the middle of having our dinner. So immediately I called up to CS to check on the situation and they barred my both pri and sup AMEX and ask me to wait for my new AMEX replacement within 5-7 days.

My question now is, Do I have to pay for the fraud transaction?

I suggest you call MBB CS and reconfirm the procedures - i.e. do you need to make an "official" written report or if you are required to fill any form(s). By the way, take down the name of the CS and record the time and date of your conversation too,

Just to add for what Gen-X already mentioned ...

The procedure Gen-X mentioned would be critical to a speedy process to your case, so please ... please reconfirm the procedures from the CS.

You need not worry about the amount incurred for the fraud transaction if it is not truly yours nor it is the fault of your neglect. It may take some time for the amount to be removed from your account as it depends on how fast or slow the investigation is. It won't be removed just because you reported it. My own experience ... it took up to 3 months for the reversal to occur and it most cases within 30 days.

Again ... nothing to be concerned if it is a genuine case. (No malice to my statement)

Gen-X, Hye

Thanks for the info. So my understanding from your statement that the transaction is definitely going through and it is going to charge to my CC statement regardless my card is barred and the fraud transaction is still floating.
The way the CS feedback doesn't convince me at all. If what you said is true why does the CS still ask me to wait for 7 days to see whether it is going to charge to my amex?

My next question is do I still have to pay for that fraud transaction during the long run investigation?

If I am not going to pay for the fraud transaction during the investigation period, do I get charge for the interest?

This post has been edited by virgoguy: Aug 27 2012, 11:26 PM

Hi guys, i called a 5 star hotel to book for a buffet dinner, and the staff asked me to give him my credit card number and expiry date of the card, so called to ''secure'' my booking. Security number on the back of the card is not needed.

I am using a RHB Visa card, can they or anyone else do anything (such as fraud transaction) by using that 2 numbers only? (the main credit card number and expiry date)

Thank u^^

Which 5-star Hotel requires such info for booking ? Normally I wouldn't provide. Just eat elsewhere.
Does that mean I will becharged if "no-show" ?

This post has been edited by ronnie: Aug 28 2012, 07:43 AM

I'm sure you are a seasoned credit card user and you'll be able to appreciate the following info

Reason for such is that the transaction needed to be posted to your account first. (And this may take a while or several/many days) You can't dispute a transaction which is currently in float. If you want to appreciate this further ... if you are pumping petrol the floating amount is higher but the actual amount (posted) is much lower. Also, you may have encountered errors while pumping petrol ... you swipe your card but you are unable to pump. There might have been multiple floating transaction but the actual posted transaction is only one. Sorry if my example a bit bad but as I said only posted transaction can be disputed. System applies to all banks and not just your bank is practicing it.

Yes and No. CS will advise you to pay the bill first as unless the transaction is reversed by the system, you are still "technically" viable for the amount and the system will charge you interest if you omit it from your payment. Normally I'd pay first to avoid the interest.

However, if you are persistant not wanting to pay then you may omit the amount and if there's any interest charged, it'll be reversed as well later. However, I'll take the reversal with a pinch of salt coz you don't know whether the bank reverse the interest automatically or you need to call. I wish to avoid the problems thus I just pay the amount if it is not too much.

Take it this way ... I'd yet to encounter any cases of banks in Malaysia cheating their customers of their money. Have you ?

Which 5-star hotel is practicing this ?

Hye

Thanks for the advice. I will see what's the bank decision then. Anyway it's not a big amount if the bank need me to pay first I will pay for it first. My scenario is actually refer to the case if happen the CC fraud with big amount which will causes financial burden.

In the past, for Buka Puasa buffet, some hotels even make me sign on a fax copy to confirm booking. But I can't remember which hotels. Oh, I my reservation was for many people and not for a couple.

This post has been edited by Gen-X: Aug 28 2012, 10:38 AM

It's Penang Shangri la rasa sayang resort...so should I give or not?
Because last time when I book buffet dinner in another 5 star hotel E&O penang, they never ask for anything like this...

Is it safe to give them such info??
Coz I m new in credit card stuff and don't know what they can do with this info...i mean without the security number on the back of the card