Previously, when it was first launched, the CIMB Cash Rebate Platinum MasterCard imposes an annual fee of RM190 for the second and subsequent years. Now, the card is FREE FOR LIFE, it changes the maximum effective cash back rate we can get from our online transactions with the CIMB Cash Rebate Platinum.

The monthly cash rebate for online transactions is capped at RM30/month, or in other words, this card is good for online transactions up to RM600/month.

To see how much you can actually earn from your online transactions with the CIMB Cash Back Plat, click the link below:

Effective Cash Back Rate with Credit Cards

I agree with fly that Maybankard 2 Cards is a good option for you since the restaurants you mentioned do accept AMEX. That is if you can pump petrol and patronize the restaurants on Saturday and Sunday.

Now, if your petrol cost jumps to RM500 a month because of your working location, then maybe the HLB WISE would benefit you more because you can get 10% cash back (you need to satisfy the 10X RM50 swipe - remember this).

As to your question do you need a CC? Well, go read my article below and based on the first table for spending up to RM1K/month, see how much you can earn back. FREE money or nothing - you decide.

The Best Cash Back Credit Card Combination 2014

Thank you for the kind words and glad that you figured out which cards combinations are good for you.

There is also a diff between Alliance Debit and OCBC Titanium - i.e. RM50GST.

Sorry can't give you direct answers to your questions a and c. As for b, you should know if your HSBC and SCB cards are any good.

Instead read my articles in the following order:

The Best Cash Back Credit Card Combination 2014.

The Best Credit Card for Overseas Transactions 2014

From the above article, try and do comparison yourself but I suggest you try the option below:

1. Hong Leong Bank for your petrol and groceries up to RM1K. Balance use on weekends with your MBB 2 AMEX.
2. Insurance go with AEON Watami.
3. That leaves you with USD100 which you can either go with AEON Watami but it will then go above the RM5K mark with your insurance premiums, so see if it is worthwhile to get the CIMB Cash Rebate Platinum MasterCard.

This post has been edited by Gen-X: Jan 3 2014, 12:45 AM

If you want FREE FOR LIFE, then get Maybankard 2 Cards where the AMEX earns you 5X Treats Points everyday PLUS 5% cash back on Saturday and Sunday. Goto MBB 2 Cards Thread for more info.

However, if you pump between RM500 to RM1K per month AND can split it to 10 times, then the HLB WISE will earn you more cash back even after deducting the annual fee. Goto HLB Wise Thread for more info. You can also click here to my article The Best Cash Back Credit Cards Combination 2014 where I have prepared a table of comparison for various credit card and how one can benefit from the HLS Wise.

As for wanting to terminate your SCB, I suggest you go read SCB Thread last 2 pages and you'll be glad you did.



This post has been edited by Gen-X: Jan 4 2014, 08:44 PM

MBB 2 AMEX and UOB Combo if you need the 5% for Petrol. If you spend less than RM1K per month and can pump petrol on Saturdays and Sundays, the Maybankard 2 Cards should be adequate.

Click here to my article The Besr Cash Back Credit Card Combination where I prepared a table comparing Maybankard 2 Cards versus Hong Leong Bank Wise, UOB One Card Visa and other cards.

1. How much is your insurance premium annually?

2. If you switch to monthly payment, usually there is a slight increase in your premium, do you know how may percent.

Above info important. Say your insurance premium is RM5K/year. Currently the AEON Watami offer 3% cash back if one spends more than RM3K per quarter and the cash back is capped at RM150. Therefore with RM5K insurance premium you get only RM150 in cash back. Less RM50 GST, your effective csah back is RM100 per year.

If your insurance premium is less than RM3K one off, the AEON Watami card is not good. Other cards offer 1% to 2% cash back. RM3K x 2% = RM60, less RM50 GST you earn RM10!!! What's the point?

So please give info on item 1 and 2.

Bro, click here to read my article The Best Cash Back Credit Cards Combination where I I prepared a table for RM1K spending comparing Maybankard 2 Cards versus Hong Leong Bank WISE Visa, AEON Watami vs OCBC Titanium MasterCard and MACH by HLB.

Based on the table, go key in your own expenses and work out which is best for you.

This post has been edited by Gen-X: Jan 13 2014, 11:16 PM

Click here to read my article, The Best Cash Back Credit Cards Combination. See my example on Hong Leong Bank Wise if you do spend like RM500 a month, not necessary on petrol. Else get Maybankard 2 Cards AMEX if you can pump on weekends. Other cards waste of time for petrol especially Citibank Cash Back where the cash back is based on RM50.


Bro, all rounder for less than RM1K spending a month, definitely Maybankard 2 Cards AMEX.

Once again - click here to read my article, The Best Cash Back Credit Cards Combination where I prepared a table comparing cash back from different cards. This article will also show you the best card combination for up to RM7K spending a month.

Now, as for airmiles, how much you spend a year and where you want to fly to? For Entry Level and Platinum cards and local spending, the Maybankard 2 AMEX conversion of Reward Points to Enrich Miles is one of the best around (actually the best). If you want to redeem Economy Class ticket by converting your reward points to Enrich Miles, most of the time you will find that you get the same value as if you were to redeem for cash vouchers. If you want to fly Business Class, then it is a different story altogether.

If you really want Air Miles, click on the links below and read them in the following order:

New Toshiba i5 for RM999 with Maybankard On The Spor Redemtion and Enrich Miles Redemption. In this article I show you a case there is no difference in value converting Treats Points to Enrich Miles versus Cash Vouchers. Please also note that when I published this article, we only needed 10,000 TP or less to redeem RM50 cash voucher. Now we need 12,500 TP for RM50 voucher.

My Son Is Going To The USA Again on Business Class. Converting Treats Points to Enrich Miles and then redeeming for Business Class will give you the best returns, i.e. cash back equivalent up to xx%.

Enrich Miles Sale Is Fantastic for Visa Infinite with 5X Reward Points.

Since you are earning less than RM30K currently, you can't qualify yet for the FREE FOR LIFE Maybankard 2 Cards.

Click here to my article The Best Credit Card Combination 2014 where I prepared a table of comparison between cash back cards.

IF you do spend RM500 a month on petrol or groceries or dining (pick 2 out of 3), then the HLB WISE credit card will earn you most in cash back BUT only the first year annual fee is waived.

For petrol, if you pump less than RM300, then the UOB may be good for you where you can earn 5% cash back or MAXIMUM cash back of RM15/month. And if you can pump at BHP, you get extra 2% $MARTCASH. First year is FREE, subsequent years they do have auto annual fee waiver if you swipe 60 times a year (which works out to be 5 times a month). But you can request for annual fee waiver and the chance of getting it pretty good.

Now, since you are only earning about RM2K/month, I strongly suggest you do not give your mum a supp card or to anyone because if they were to max out your credit limit, you may be in debt and it is not good for a young person. I am not implying that your mum will max out your credit card, it may be she lost her supp card and someone go charge the card and she failed to inform you in time and the bank will say you are liable for the charges, better to be safe than sorry, i.e. be kiasu.

Since you new to credit card, click here to my Tutorial Page and read my article especially CC101 and Credit Card Interest Rates.

Once your annual income touches RM30K, go apply for the FREE FOR LIFE Maybankard 2 Cards.

This post has been edited by Gen-X: Jan 17 2014, 01:42 AM

gross

YES! Go get Maybankard 2 Cards and you must at least read Page 1 of the Maybankard 2 Thread.

You want the card for what? If airport lounge only -

Alliance Bank annual fee auto waived with 12 swipes.

Citi Plat you got to be like me where I need to beg for annual fee waiver.

For cash back, sure Alliance better, earn evergreen points too.

However, Citibank do have discounts at more merchants vs Alliance. Check out my facebook page, https://www.facebook.com/GenXGenYGenZ, post January 12, buta buta I saved 10% because I have the Citibank Platinum.

For Enrich Miles conversion, in my article New Toshiba i5 for RM999 with Maybankard On The Spor Redemtion and Enrich Miles Redemption., I show you a case there is no difference in value converting Treats Points to Enrich Miles to redeem Economy Class ticket versus Cash Vouchers. And that's with Maybankard 2 AMEX superb conversion rate to Enrich.

So if you ask me, if you do spend a lot at places where you can get 5X reward with the Citibank Platinum, then you should go and calculate/compared the "effective cash back", i.e. worth of Malaysia Airline Raw Fare from Citibank vs Alliance Plat Effective Cash back (based on your monthly spending) and see which gives you better value.

This post has been edited by Gen-X: Jan 17 2014, 09:59 AM

Firstly, soon all Direct Access cards will be converted to CIMB cards.

The Clear Card is good for movies. If your application is still not shown in the system next week. Go apply online directly via Citibank website. But please be aware, the Clear Card FREE Movie Benefit is really good if you go to the movies every week with a partner but many have reported it is tough for the annual fee to be waived for subsequent years. So, if you really go to the movies every week, the savings you get is much more than the annual fee and you would be more than happy to pay it. But if you go to the movies once a month, then different story, no point getting the card. And Citibank do have many promos for shopping and dining but that is to entice you to spend more.

For general usage and on weekends, the Maybankard 2 Gold card is really good for spending up to RM1000/month. The MBB2 Amex earns you 5% cash back every Saturday and Sunday plus 5X UNLIMITED Treats Points everyday. The 5X TP itself is already very good. It works out to be 2% cash back based on 12,500 TP = RM50 cash voucher.

Click here to read my article The Best Cash Back Credit Cards Combination 2014.

ronnie did an excellent job compiling places that accepts AMEX, click here to see where AMEX cards are welcome.

If you decide you want to get the MBB 2 Cards, click here to Maybankard 2 Cards Thread, and read at least the first 2 pages and most of the answers to your questions will be answered.

This post has been edited by Gen-X: Jan 19 2014, 05:13 PM

OIC, you applied online, I am surprised it is still not in their system. But since you do go to the movies every week, worthwhile to wait and even resubmit the necessary documents if so required.

If not mistaken, only Premier cards like Visa Signature or World MasterCard/Visa Infinite can be issued "on the spot" at Sunway. And since I am a nice guy, I am going to give you link to my article created to cater for your request

Click here to read my article One Day Approval for CIMB Premier Credit Cards and Maybaybank 2 Cards.. In this previous article, you will find CIMB Card Centre at Pyramid and Maybankard Centre at 1U contact numbers. Call the CIMB Sunway Centre for more info and go early to 1U to apply for the Maybankard 2 Cards where you will get the cards in 2 hours or less (call them and ask what docs they need).

This post has been edited by Gen-X: Jan 19 2014, 08:37 PM

for Annual Income RM150K, yes Alliance Premier Visa Infinite gives you Unlimited entries to airport lounges with their Priority Pass Membership Card. And it also earns you 2X Reward Points for every RM1 spend locally. But the foreign currency conversion rate may be high. Annual Fee waived with RM30K spending for non PB.

As for Citi Premier AMEX, it does not come with Priority Pass Membership Card but it does offer FREE taxi ride from KLIA (T&C Applies).

If for KLIA only, Alliance Platinum gives you Unlimited access. Annual Fee waived with 12 swipes.

Click here to read my article The Top 10 Vest Credit Cards in Malaysia

Click here to read my article The Best Credit Cards for FREE Entries to Airport Lounges

The Best Credit Cards for Overseas Transactions where I will show you Alliance Visa overseas conversion rate is amongst the highest!

Click here to read my article The Best Cash Back Credit Cards in Malaysia. But, the bank that gives the highest cash back is from the so called stupid bank you mentioned, hahaha.

This post has been edited by Gen-X: Feb 23 2014, 11:32 PM

Sis, what you mentioned is true BUT if you have an Alliance Visa Infinite, you may not want to use it overseas if you can qualify for the Maybank Visa Infinite.

I have shown you guys in my article The Best Credit Cards for Overseas Transactions that my Alliance Bank Visa Infinite foreign currency exchange rate/fee is amongst the highest. If not for the FREE UNLIMITED entries to airport lounges with the Alliance Visa Infinite, I might not have applied for it. But since I have PB with Alliance Bank, I don't need to spend a sen with my ABB VI to get the annual fee waived.

Once your income touch RM30K, like Wongchoy said, go get Maybankard 2 Cards.

In the meantime, also like Wongchoy said, get UOB One Card, 5% for Petrol (if you pump at BHP better still). However for most other expenses you get miserable 0.3% csah back except for Groceries and Mobile Phone bills.

So maybe you should also consider the FREE FOR LIFE OCBC Titanium MasterCard which earns you 1% cash back for any type on transactions.

Having said the above, I doubt you will spend more than RM1K per month, as such you need to consider GST 100 per year for 2 cards.

Click here to read my article The Best Cash Back Credit Cards in Malaysia. I have prepared a table comparing different cards for multiple expenses. Based on that table, insert your expenses and see which card earns you most in cash back.

Firstly, most Citibank credit cards do not offer auto annual fee mechanism, i.e. you got to call and beg for 2nd year and subsequent years annual waiver. And in Citibank case, you really got to beg as many people reported in the previous Citibank Thread that Citibank not very accommodating especially for Clear Card (good for movies but you earn nothing for petrol) and Cash Back Platinum (which is good for Petrol). However, many merchants do offer discount when using Citibank cards, so go to Citibank website and see if the discounts can benefit you.

As for RHB cards, they do offer auto annual fee mechanism but the returns you get for petrol (Travel Money Card only as other cards you earn nothing in return) and dining are not competitive.

If you need a card mainly for Petrol, click here to Petrol Thread.

In additional to Citibank Cash Back Platinum credit cards for petrol, I would recommend Maybankard 2 Cards where the AMEX earns you 5X Treats Points (equivalent to 2% when redeeming for cash vouchers) everyday PLUS additional 5% on weekends. This Maybank 2 Card AMEX is good if you can pump petrol on Saturday and Sunday.

Click here to Maybankard 2 Card Thread, it is the most popular and widely used card by LYN members.

If you have the time for some credit card tutorial lesson, click here to read my article The Best Cash Back Credit Cards.

This post has been edited by Gen-X: May 10 2014, 12:24 AM

I assume you already have the Maybank 2 Cards, well it comes with Visa or MC right. Use them as standby, no extra GST cost for you.

And since you not willing to pay GST, maybe you should also look at debit cards. Go so some homework and you'll be surprise that Debit cards are also entitled to same promos as credit cards. Example RHB Debit Cards has same FREE offers on Fridays like their credit cards. Also Visa debit cards are entitled to Agoda promos like previous 12% discount on Wednesday. And Alliance Bank Platinum debit card earns you1.5% cash back for any type of transaction.

There is no cash back for the Maybank 2 Cards Visa or MC.

MBB 2 AMEX 5X Treats Points for any type of spending for Education, Government Agencies and Insurance. PLUS 5% cash back on Saturday and Sunday Only.

MBB2 Visa or MasterCard - 1X TP for all type of spending.

I suggest you go read this thread page 1.

If you have time to waste, click here and read my article The Best Cash Back Credit Cards Combo where I have prepared a table showing various cash back one can earn with different cards.

This post has been edited by Gen-X: Jul 7 2014, 07:10 PM