LATEST UPDATE: Interest rates/fees increased to 18% on outstanding balance (for most banks)

Proceed from v17: http://forum.lowyat.net/topic/2243367

**Those wishing to get an agent to assist with your credit card application please post your request at the service noticeboard section as this section is about discussion on credit card issues and not for promoting or seeking agent.

Knowing your cards http://www.bankinginfo.com.my
1. Visa
2. Mastercard
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. China Union Pay (中国银联)
7. Etc.

A. Some latest shortened cc thread links to refer easily: contributed by victorywp & alexwsk
AEON v3 http://lowy.at/aeon3
Alliance v1 http://lowy.at/abm1
AM Bank v1 http://lowy.at/amm1
AmEx v3 http://lowy.at/amex3
CIMB v3 http://lowy.at/cimb3
Citibank v4 http://lowy.at/citi4
HLB Wise v6 http://lowy.at/hlb6
HSBC v2 http://lowy.at/hsbc2
MBB2Cards v15 http://lowy.at/mbb15
MBB Islamic V2 http://lowy.at/mbbi2
OCBC v5 http://lowy.at/ocbc5
PBBVS v2 http://lowy.at/pbb2
RHB v1 http://lowy.at/rhb1
StanChart v3 http://lowy.at/scb3
UOB v4 http://lowy.at/uob4
others:
Balance Transfer v3 http://lowy.at/bt3
Debit Card v3 http://lowy.at/dc3
TnG v3 http://lowy.at/tng3

1. Annual fee
Annual fee free credit cards :
- CIMB Direct Access
- CIMB Bank
- American Express Green charge card & American Express Gold credit card
- Public Bank (**minimum swipes apply)
- Alliance Bank (**minimum swipes apply)
- UOB Bank (**minimum swipes apply)
- Maybank (**certain cards only)
- EON Bank (**minimum swipes apply)
- Citibank Choice (**minimum swipes apply)
- Hong Leong Bank Essential VISA (**swipe at least twice a month OR spend RM8,000/year)
- AmBank (**certain cards only)
- OCBC (**minimum swipes apply)

2. Credit cards payment methods - http://forum.lowyat.net/topic/1802980

3. Tap and Go Cards - no signature required


4. Credit Card linked to Petrol
- OCBC Titanium MasterCard; all petrol stations = 5% cash back
- Citibank Cash Back VISA Platinum; all petrol stations = 5% cash back
- UOB; BHP Petrol = 2% cash back (UOB One only), 1% cash back (others)
- Citibank; SHELL (This only applicable for Citibank Shell, Citibank Cashback Plat applies to all petrol stations)
- Maybank/Maybank Islamic; PETRONAS = 5x Treatpoints
- CIMB Bank/CIMB Islamic; PETRONAS = 2% cash back
- Public Bank ESSO/Mobil VISA; ESSO/MOBIL = 0.5 - 5% (tier-based)
- RHB Travel Money; all petrol stations = 2% cash back (5% cash back every first weekend)
- AMBank Carz; all petrol stations = 2% cash back (3% for Gold and 5% for Platinum, provided there is an outstanding)
**All range of American Express charge & credit cards give 2x MR/TP on petrol purchases whilst AMEX Gold credit card and Maybankard 2 AMEX give 5x MR/TP. This applies to all petrol brands.
For more info on pumping petrol using cards, please refer to this thread: http://forum.lowyat.net/topic/1798403

5. Standard financial charge (interest rate)
Tier 1; 13.5% p.a.
Tier 2; 16% p.a.
Tier 3; 17.5% p.a.
Cash advance: 18% p.a from the date of withdrawal + 5% advance cash withdrawal fees
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.
Sample calculator can be found here
Sample calculator from AKPK

6. Complimentary Cards
1) HSBC Premier - deposit and maintain RM200k
2) Citibank Citigold - deposit and maintain RM200k
3) Standard Chartered Priority Banking - deposit and maintain RM250k
4) UOB Privilege Banking - Opening deposit of RM300k with maintenance of RM200k
5) OCBC Premier Banking - Opening deposit of RM300k with maintenance of RM200k
6) CIMB Bank Preferred Banking - deposit and maintain RM200k
7) Hong Leong Bank Priority Banking - deposit and maintain RM200k
8) Alliance Bank Privilege Banking - deposit and maintain RM200k
9) RHB Bank Premier Banking - deposit and maintain RM200k
10) Public Bank Red Carpet Banking - deposit and maintain RM500k or a Mutual Gold customer with a total combined deposits of RM200k in savings/current/fixed deposits.

7. American Express - http://forum.lowyat.net/topic/1724607

8. International Transactions - http://forum.lowyat.net/topic/1845691

9. Credit Card Cancellation - http://forum.lowyat.net/topic/1814307

10. Cash Advance fees


11. Verified by Visa and Mastercard Securecode
Verified by Visa ---> http://www.visa-asia.com/ap/sea/merchants/...vbv_intro.shtml
Participating banks :

MasterCard SecureCode ---> http://www.mastercard.com/au/personal/en/c...code/index.html
Participating banks :


12. Balance Transfer - http://forum.lowyat.net/topic/3354596

13. RM50 Government Service Tax - NO LONGER IN FORCE from 01/04/2015

14. Airport Lounge Access - http://forum.lowyat.net/topic/1791878

15. Previous versions


16. Useful information
BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here. (Courtesy of tishaban) (thanks awaynoway for the updated link)

Credit information:
CCRIS: http://creditbureau.bnm.gov.my/
CCRIS report - go to Bank Negara yourself and use self-service terminal to get report with MyKard (you need to go as need thumb print).
CTOS: http://www.ctos.com.my/
BRIS: http://bris.com.my/index.html

Swipe Smart with 6E:
http://www.abm.org.my/Swipe_Smart_with_6E_...ffectively.aspx

17. FMB - Financial Mediation Bureau
http://www.fmb.org.my/index.htm

18. AKPK
- An agency set up to provide financial education, financial counseling and debt management
http://www.akpk.org.my/Home/tabid/36/Default.aspx

Link to AKPK thread : http://forum.lowyat.net/topic/876712

19. Other Links By Users
My Credit Cards - by Gen-X
Credit card tutorial by Gen-X
Free financial tuition by Gen-X
The Best Top 10 Credit Card - Ultimate Showdown 2014 by Gen-X


20. Credit Card/Charge Card Reward Points
Validity of numerous credit card/charge card reward points
1) HSBC - up to 3 years
2) Citibank - reward points are evergreen
3) Maybank - 3 years (effective from 1st August 2013)
4) CIMB Bank - 3 years
5) Alliance Bank - reward points are evergreen
6) Standard Chartered - Pending reward system update
7) American Express - Membership Rewards Points are evergreen
8) Hong Leong Bank - up to 3 years
9) AmBank - up to 3 years
10) RHB Bank - 3 years for Platinum and 2 years for all cards ranked lower than Platinum
11) UOB - 3 years
12) EON Bank - 3 years

21. Premium Credit Cards and its requirements
1) CIMB & DA World Mastercard/Visa Infinite - Min Income Requirement : RM 200k
2) CIMB Enrich World Mastercard - Strictly by Invitation (those with card usage above RM 500k per annum may be considered)
3) CIMB VISA Signature - Min Income Requirement : RM100k
4) Maybank World Mastercard - Min Income Requirement : RM 240k
5) Maybank Visa Infinite - Min Income Requirement : RM 240k
6) MBF World Mastercard - Min Income Requirement : RM 200k (By Invitation)
7) Standard Chartered Visa Infinite - Only for Priority Banking customer (RM 250k in deposits)
8) RHB Visa Infinite - Strictly by Invitation Only
9) HSBC Premier Mastercard - Only for HSBC Premier customer (RM 200k in deposits)
10) HONG LEONG Bank VISA Signature - Min Income Requirement : RM180k

22. Best Credit Cards and its categories - Click on ME
Please note these are just recommendations based on normal spending. High spending or specific usage individuals might want to look at other cards.
1) Classic Card = Hong Leong Essential
2) Gold Card = Alliance Younique / Maybankard 2 AMEX Gold
3) Titanium Card = OCBC Titanium
4) Platinum Card = Alliance Platinum / Citibank Cash Back Platinum / AMEX Platinum Charge Card (assuming AF is waiveable) / Maybankard 2 AMEX Platinum
5) Visa Signature = EON VS
6) World MasterCard = Maybank WMC (assuming AF is waiveable)
7) For 1st time CC applicants with Degree: DA (Direct Access @ CIMB)
Looking for recommendations? Please refer to this thread: http://forum.lowyat.net/topic/2979093

23. Credit Cards with Complimentary Travel & Accident Insurance
1) All HSBC/HSBC Amanah credit cards
2) All Citibank credit cards (except all co-brand cards, cash back)
3) All Public Bank generic credit cards
4) All Maybank generic credit cards
5) All AMEX charge card & AMEX Platinum credit card
6) All EON Bank credit cards
7) Alliance Bank Platinum

24. OCBC Titanium Credit Card rebates - http://forum.lowyat.net/topic/3231432

25. Reload Touch n Go using credit cards - http://forum.lowyat.net/topic/3304889

26. Measures on Credit Cards by Bank Negara - http://forum.lowyat.net/topic/1796957

27. Beware of cross border charges by HLB, CIMB and SCB - http://forum.lowyat.net/topic/2519936
Sample case: Apple Store Malaysia by rickkywong using HLB credit card; wshoh using CIMB

Confirmed no cross border charges: Ambank (by rickkywong)

This post has been edited by alexwsk: Nov 3 2015, 10:18 AM

FAQ

1. Can I apply new credit cards using existing credit card which is more than one year?
NO

2. Can I apply new credit cards by pledging Fixed Deposit?
Depends on individual banks, some will accept and some will not

3. How does credit card works?

Courtesy of iMoney.my

4. Links by Gen-X, for your reading pleasure
The Best Credit Card for FREE Entry to Airport Lounge 2013
Credit card tutorial
Free financial tuition
The Best Top 10 Credit Card - Ultimate Showdown 2014

This post has been edited by alexwsk: Oct 28 2013, 04:48 PM

I just published my article titled Credit Card Effective Cash Back Rate. In this article I compared the Maximum Effective Cash Back Rate you can earn with the Maybankard 2 AMEX versus OCBC Titanium MasterCard versus Hong Leong Bank Wise Visa. Plus also if you are thinking of getting the CIMB Cash Rebate Platinum credit card to earn 5% cash back from online transactions, you won't want to miss this article.


In order to optimize the returns from our credit cards usage, we have to use the right card at the right place and time. There are so many credit cards out there, and if you are clueless, check out my articles below and maybe you can earn yourself some pocket money.

New 2013 Credit Cards - credit card review of the CIMB Cash Rebate Back Platinum, Citibank Prestige MasterCard World Elite, Citibank PremierMiles AMEX, Hong Leong Bank Wise Cash Back, RHB Visa Signature and versus the Standard Chartered Bank WorldMiles MasterCard.

If you are new to credit cards, Click here to my Credit Card Tutorial Page. After finishing this FREE tuition, you'll be an expert on credit cards and you might end up collecting cards like me (click here to see my card collection) to optimize our returns

Hotel Online Room Booking with Credit Cards - some of our credit cards offer discount when we use them to book hotel online via 3rd party sites. But is the discount really good? This article will show you that you need to always compare the prices at check out and not at the front page.

Maybank Visa Infinite - The Best Credit Card for Overseas?

Maybank 2 Cards Premier(American Express Reserve and Visa Infinite Combo) - Comprehensive Review

Click here to read my article titled - The Best Credit Card in Malaysia - Is There Really One?

For your own good, you must click here to read my article on Credit Card Fraudulent Charges and SMS Alert AND click here to Suspicious Telephone Calls on CC matters Thread.

To read my review of the Maybankard 2 Cards, click here. The Maybankard 2 AMEX rewards you UNLIMITED 5X Treats Points everyday PLUS 5% cash back on Saturdays and Sundays. You can get this MBB 2 Card within 2 hours if you go apply at Maybankard Centre at 1U (New Wing), Gardens (near Robinsons) and KLCC (Lower Ground). Please note not Maybank branch. And the most complete guide to Maybankard 2 Cards is right here in LYN - click here to Maybankard 2 Cards Thread and read page#1.

And if you want to convert your credit card's reward points to Enrich Miles, click here to read my article My Son Is Going to The USA Again on Business Class. With credit cards offering 5X points, we can earn Enrich Miles faster. But more importantly, what is the conversion rate of our reward points to Enrich Miles. And in this article I will show you for local usage it is the Maybankard 2 Cards Gold and Platinum and for overseas MBB Visa Infinite rate is one of the best in town.

Click here to me article titled The Best Cash Back Credit Card Combination where I will show you how to optimize cash back returns for increments of RM500 spending a month.

And click here to read my review of the Maybank Islamic MasterCard Ikhwan Credit Card which is FREE FOR LIFE and gives you 5% csah back for petrol.

And to see my list of The Best Top 10 Credit Card in Malaysia 2015 - click here to my Credit Cards Ultimate Showdown 2015

This post has been edited by Gen-X: Nov 6 2014, 01:40 PM

Guys, I'm holding Citibank Corporate Credit Card that supplied by the company for my business expenses but my question is on the credit limit part. Assuming if I want to apply for a Citibank personal credit card in the future, will my credit limit be shared or it will not? I assume no?

This corporate credit card is applied under my name and the liability is on my own though if I don't pay the bill, it actually goes back to the company...

Another scenario if there is any promotion for new Citibank cardholders in the future, will I be eligible since I'm already holding their corporate credit card?

I can actually enquire Citibank about this but if anybody from here knows the answers then that will be very much appreciated.

This post has been edited by fruitie: Oct 20 2013, 02:49 AM

Is it Yours One, Citi Business Signature Card...???
Nope... there will be Separate CL between Your Corporate CC & Your Personal One No Combine CL

http://www.citibank.com.my/english/docs/pd...l-liability.pdf

This is how it looks like, just a normal card. Actually none of us likes this card but what to do Citibank won the deal to be our corporate credit card. We used to have AmEx actually...



I guess, it should be a standalone card and has no effect on my future Citibank personal CC applications.

This post has been edited by fruitie: Oct 20 2013, 09:28 PM

the Card look So Plain Without Any Design...

Almost all new Citi cards are headed this way unfortunately

It is and the gold colour irks me.
Though it has the highest CL among all my credit cards.

This post has been edited by fruitie: Oct 20 2013, 09:52 PM

That's Good...

And this is the one issued to the Main Character in my upcoming action thriller article to be published in couple days time



P.s. fruitie if you want me to delete the above photoshop image please let me know as I took the liberty to go modify it without your permission.

This post has been edited by Gen-X: Oct 21 2013, 01:06 AM

I'm pleased to present my article titled China Mission Armed with Debit Cards for Cash Withdrawals (click here).



If you regulars here find the characters familiar, well, it is no coincidence and no prizes as to who they are

The article is about debit cards linked to Savings Accounts to enable us to withdraw cash from overseas ATMs. The format adopted for this article is similar to my favorite TV series 24 Hours; and it is freaking long. So if you don't have the time to waste, just read the Conclusion (can even skip the Introduction).

P.s. for actual accounts of the story, it can be obtained at this link >>>> https://forum.lowyat.net/topic/596980/+40

MilesAndMore, what you think of the contents, accurate? Or you just headed to the conclusion too hahaha. Interesting that zenquix mentioned that 2015 we need PIN to use our cards, that's one a big headache for me as I don't have or forgotten the PINs for my credit cards.

Looking for a card with following features?

1. You spend your money overseas (online or in person) and want 5X reward points.
2. You want the Priority Pass Membership Card for FREE entries to Airport Lounge.
3. You are into Enrich Miles for FREE Malaysia Airlines ticket.
4. Free For Life or with Auto Annual Fee Waiver mechanism.

Well, I just published an article comparing Alliance Visa Infinite, MBB VI and UOB VI. However before you read my article please be warned it is a freaking long winded article.

Visa Infinite - Alliance vs Maybank v UOB

Will i get back the same CL as the one i cancelled 2 mths ago, if I reapply card from the PBB with increase in income?

It Should be 3- 6 Months Cooling Period Needed before You Apply with the Same Bank Again...
Just Curious Why want to apply Again... You Just Potong the CC
You should Try to get Others Bank Credit Card with Different Benefits

I only need the 0% 6 mths BT after I cut it.

I am pleased to announced that I have published my third Credit Card Ultimate Showdown - The Best Top 10 Credit Cards in Malaysia 2014.

In view that Maybank Treats Points now have validity period of 3 years like most banks, I have included a new category for my evaluation, i.e. timeless evergreen reward points.

Another new category is for Enrich Miles where we get "FREE" Malaysia Airlines ticket (excluding surcharges and taxes) from our credit card usage.

A total of 22 credit cards were evaluated and reviewed plus one special evaluation in the conclusion.

Please click on the link below to find out the TOP TEN CREDIT CARD in Malaysia for 2014:
The Best Top 10 Credit Card - Ultimate Showdown 2014

Your Top 10 Credit Cards list is getting more exclusive 7 out of 10 are from the premium range Luckily one of my card is still ranked #1

I had 7 cards in my Top 10 2011 & 2012 list. Now I only have the 4 cards in the 2012 list (could have 1 more but terminated the HLB VS). So yes, the list is getting more exclusive for me too And luckily for me too that I have the TOP 3 No.1 cards, hahaha.

This post has been edited by Gen-X: Oct 29 2013, 03:32 AM

Government servant for 1 month... Anyway I can apply CC now? Not given any payslip... Annual income about 50-55K...