wow annual income around 75k and yet you don't pay tax at all? beware kena lhdn tangkap

cuz freelance. so money come in abit abit...
do this, in a bit.
do that, in a bit.

lol...

75k pa should be paying tax already. later you may face many difficulties.

otherwise, you may try pledging fd to apply for a cc.

This post has been edited by victorywp: Aug 27 2014, 04:32 PM

Hey...I got a confusing problem here and hope someone could answer my question. I have a friend who's income less than 36k per annum. But she is able to apply for more than 2 cards from different issuing banks. Would like to know if it is possible.

how do you know your friend's income was less than 36k?

it is not more than 2 different issuers, not cards.

Oh...now I get it....the word "issuers" but what about credit limit? Same issuer 2 cards will share the limit or separate limit. For instance 5k for 1st card and another 5k for the second? Btw...I am seeking for a card that gives rebates for petrol. Am currently using Uob one card for petrol but honestly I hate their online banking. The online banking available on smartphone is so limited.

2 or more cards from the same issuers (bank) will share the same CL.

thanks...now I get it...and I bet no one is stupid enough to hold 2 or more cards from the same bank with sharing CL if their income is below 36K. as if you earn 2.9k X 2 =5.8k on one card with 50 GST. second card still same 5.8k but pay 100 GST. no cards have all the benefits as I am having problem choosing another card for petrol other than UOB.

though the 5% is good but their online banking using smartphone is so limited not to mention foreign bank=no instant online transfer. actually HLB wise was my first choice. but thanks to their "verification" procedure, I cancelled my application half way thru as they wan clarification from my HR dept just for applying a credit card. at the same time, my salary credited into HLB and I have just get my car loan from HLB too(wanted to cancel application half way too but was told it has been approved) due to their service. the car loan was in January this year. so any suggestions for another good petrol cash back card besides UOB and HLB?

Yup, the Credit Limit Shared Equally Between 2 Cards from the SAME Bank's Issuer
But..
1 Card = RM50 GST
10 CCs = RM500 GST

Maybank 2Cards https://forum.lowyat.net/index.php?showtopi...post&p=68551797

regarding the annual waive for uob one card, is it still available?

not sure for how many years after sign up as UOB keep changing policy.

If can, just get Maybankard 2 Cards - Free For Life without any conditions.

i just sign up for 1 year only then kena already may think to cancel this card already

if you really like the card, call UOB Customer Service and request for annual fee waiver.

I try to avoid credit cards that do not offer some kind of annual fee waiver, e.g. swipe 12 times. I hate to call them and beg for annual fee yearly. Worst is HSBC, their automated tele-banking really pissed me off - click here to read my article titled My HSBC Visa Signature Pisses Me Off Big Time.

they no allow me to waive the annual fee, say its bank policy. i guess the annual feel is same story as yours too

I have a question on installment scheme using credit card.

From various threads/websites, i come across terms like:

EzyPay for Amex
Card Easy Payment for Aeon CC

For the above installment scheme, we need to call up the issuing bank and request for the paid amount to be converted to installments, am I right? Different banks will have different % interest charge or offer. And also, in this mechanism, the bank will pay the whole amount to the merchant first, and then we service the monthly installment to the bank.

If let's say a merchant (not bank) inform me that I can go for an easy payment plan with 0% interest regardless of the CC type or bank, does it mean the easy payment plan is offered by the merchant and not the bank? In other words, the merchant will charge my CC every month throughout the period. Is this possible? Why will the merchant want to suffer a loss ie. 0% interest and did not get the payment instantly?

Please shed some light, thanks

if a merchant (not bank) offers you instalment plan with 0% interest, you need to pay to them every month by cash.

if they offer you 0% interest regardless any cc type, means they actually have instalment plan with all the major banks. their profit margin is high enough to cover all the instalment. for instalment plans, usually banks will charge around 5% to the merchant.

i did mention before. some merchant mark up 5% additional on top of their profit margin, just in case the customers wants to do payment by instalment. if the customer doesn't want instalment (but still want to pay by cc), the merchant can give 2.5% discount. if the customer wants to pay by cash, the merchant can give another 5% discount. but of course, this only apply to those smaller scale merchants.

For my case, the price is fixed regardless of one time payment or epp, 0% interest, so the choice is obvious. From your description at paragraph 2, it means no matter what is the situation, the bank will pay the sum in one shot to the merchant, and then the bank claim the money from us monthly, am i right?

This post has been edited by Human Nature: Sep 7 2014, 01:06 AM

yes, you are right. the merchant will pay the 5% to the bank while you will pay the monthly instalment to the bank.

since the price is fixed, going 0% instalment is the best choice.

This post has been edited by victorywp: Sep 7 2014, 01:28 AM

Hi, I work abroad in Macau and have been trying to apply for a Malaysian credit card. However, the applications were rejected despite me having a few active housing loans back home with good repayment records.

Are there any ways to go around this? It would he useful to have a Malaysian credit card as I back home very often.

Any advise is much appreciated.