Watami is good for the first RM1,666 a month where u get 3% Cash Back every quarter. Also, u get Points to redeem AEON Vouchers based on ratio of 250 points to RM1.00 Cash Voucher. However, except for seected campaign, Petrol is not counted as Retain Spent.

Wise is good only if u can fulfill their T&C, which is min 10 swipes of RM50 each per month and u spend a lot in the Cash Back categories.

UOB good and easy with no complicated T&C.

Petrol gets 5% - but there is a cap
Telco gets 2% - but there is a cap
Hypermarket - also gets 2% but with cap

So, it really depends on your Spending Pattern.

Don't forget Alliance Platinum. For RM5K spent a month, your cash back is RM68 + RM20 in cash vouchers.

Watami has 1 condition for CB, u must have accumulated spending of RM3K every quarter to trigger the 3% Cash Back (capped at Rm150 or RM5K spending every quarter). If you cannot achieve the RM3K spending every quarter, the Watami Card is not for you.

Just call AmBank to cancel the Card as u never applied for it and u will not be bearing the RM50 GST.

To be sure, just drop by BNM after say 3-mths to get the CCRIS Report to make sure its not reported as still owing by you later.

You can make a formal complaint to BNM if u wish to. BNM has made it clear that there is to be NO more pre-approved products. Banks are not allowed to offer any products that customer did not apply for.

http://www.bnm.gov.my/index.php?ch=en_abou...e&ac=96&lang=en

Malaysians are generally very polite people who do not want to cause trouble. Objectively speaking, AmBank cannot take penalise your Car HP if u make a complaint for the Credit Card issue as they are separate matters. Your Car HP is governed bu your HP Agreement, so long as pay on time, Am Bank cannot do anything else its a basis for another complaint.

Whether u want to make a formal complaint to BNM is up to you. Some may say, just complaint to Am Bank, make sure they reverse the charge and check with CCRIS at BNM to make sure its not reported that u missed / owe Am bank the RM50 GST.

But if the CCRIS Reports shows that u owe Am Bank the RM50 (your account will be in Arrears), then u definitely should make an official complain to to BNM as it affects your credit history.

No need. Normal case just call will do but in your case, slightly more complicated. Better for you to to write Letter and then fax to their Customer Service.

You will need this Letter as a Record if u want to make complain to BNM in the future.

to check CCRIS, go to the nearest BNM Office, insert My Kad into the CCRIS Machine and a list of all your Loans including Credit Cards will come out.

If AmBank have not cancelled your CC and reverse back the RM50 charge, it may be refelectyed that u owe AmBank RM50 and your Account will show MIA (Months in Arrears).

Don't worry yet, just cancel the card first. Then in 6-mths go to BNM Office.

In fact, all Borrowers should make the effort to print out their CCRIS Report once a year to make sure that their identity has not been stolen to apply for loans.

you need to cancel the card. Else, it will appear in CCRIS that u owe AmBank and this will have an ADVERSE impact to all your future Credit / Loan applications.

The CCRIS should be updated on a monthly basis. So, if its reported as outstanding, if u cancel, it will only be updated the following month.

Two Cards may be suitable for you:

First - If you can plan your spending to coincide on Weekends

Maybank2Card

Get 2 cards - Amex with Visa or Master
Free AF for Life - no conditions
Pay GST for 1 Card only

For Amex - 5% Cash Back on Weekends + 5x Treat Points (including weekdays)
For Visa / Master - No Cash Back + 1x Treat Points only

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards


Second - If you cannot plan your spending to coincide on Weekends

AEON Watami Card

- Get 3% Cash Back every Quarter, subject to minimum cumulative spend of RM3,000 and capped at RM5,000 spending. So, u can get cash back up to RM150 if u spend cumulative of RM5,000 per quarter. But, you MUST spend at least RM3K every quarter, else ZERO Cash Back

- Get additional Treat Points equal to 0.40% Cash Back

- AF Waiver with 12x swipes per year
- Special Promotion as follows:
- Double Reward Points at AEON Stores when u charge on 10th of every month
- 5% Cash Back when u charge at AEON Stores on 20th of every month
- 5% Cash Back when u charge at AEON BIG on 28th of every month
- 5% Cash Back for Petrol when u charge at Last Sunday of every month


http://www.aeonmalaysia.com.my/acs/af/kona...814#page=page-1

Cons with AEON is when u want to pay to AEON, its not as smooth as its not a Bank. Check the AEON tread for more details.

Btw, for someone earning RM5K and not having any CC, either you're a superstar fresh Grad or you're really Cash Rich.

This post has been edited by cfa28: Jan 29 2014, 09:35 AM

try RHB CC. Some other forumer says might be easier to approve but think that based on what u say, u should get a Credit Card cos basic is almost RM3K already. DanielCullen, over to you.

Maybank 2 Card

5% CB for Weekends, capped at RM50 per mth

5x RP for all retail transactions. This is uncapped. This is also equal to 2% CB if exchange to Cash Vouchers. Use on weekends = 7% CB

5x RP means RM1.4 = 1 Enrich Mile which is the BEST conversion for non premium card. Other Premium Cards req RM60K min salary and convert at RM2 to 1 enrich mile like Citibank Premier Airmiles

This post has been edited by cfa28: Nov 11 2014, 12:58 PM

think its depends on type of Card.

Both Maybank and Public Bank Visa Signature comes with Paywave feature

someone has already advised OCBC and HLB Essential but I still advice AEON Watami cos don't argue with money but only if u can spend RM3K per Quarter

If u don't hit 3K per quarter, u still get about 0.40% in Cash Vouchers

BTW, Maybank 1x TP = 0.50%, thought it was only 0.40% cos 5x TP = 2.0% in Cash Vouchers

For AEON Watami = Answer is YES

This post has been edited by cfa28: Dec 3 2014, 10:22 AM

Best documents to submit as proof of income

1) BE Tax Return or the acknowledgement BE Form. However this is for last year income.

2) EPF Statement - most accurate and up to date. Cannot lie cos got employees and employer deduction

3) then u have internal documents such as EA form, pay slips.

Try to submit more external documents as it carries higher weigh.