Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards Credit Card v18, Post/Ask general questions here, Please read post 1-3 before posting, tq
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 Apr 27 2015, 11:01 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld   
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QUOTE(victorywp @ Apr 27 2015, 10:34 PM) for pbb it's 0.5% of fd value. or they called it rm5 for every 1k fd. No more such ruling already. it is 1 to 1 already now. |
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Apr 28 2015, 08:07 AM
Show posts by this member only | IPv6 | Post
#1682
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Junior Member
288 posts Joined: Jan 2011
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QUOTE(Bonescythe @ Apr 27 2015, 11:01 PM) No more such ruling already. what do you mean by 1 to 1?it is 1 to 1 already now. |
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Apr 28 2015, 09:30 AM
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All Stars
11,740 posts Joined: Oct 2013 From: Her Heart 
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QUOTE(Bonescythe @ Apr 27 2015, 11:01 PM) No more such ruling already. 1 to 1 stamp duty??? it is 1 to 1 already now.   |
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Apr 28 2015, 09:37 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(victorywp @ Apr 28 2015, 09:30 AM) 1 to 1 stamp duty??? sorry.. i mean the FD value = credit limit value.. so it is 1 to 1.. confusing..haha yea stamp duty is 0.5% instead of what i am saying 5%.. my typo. |
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Apr 28 2015, 12:52 PM
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Senior Member
932 posts Joined: Jan 2014 From: N02 E102
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QUOTE(Bonescythe @ Apr 27 2015, 11:00 PM) bro.. it is not about 0.5% of FD value that matters.. Ya I know what you meant. I also don't understand why PBB stamping is so expensive , compared to MBB CIMB etc RM10. Can only say this, double standard ! it is the processing.. lets say i want to pledge for PBB VS.. minimum is 35k.. so in order to get this card to FD pledge.. i need to pledge 35k.. let's say i pledge 40k for easy counting. So the stamp duty for the 40k pledge will be 5% of the value. 40k x 5% = RM200 means i need to pay rm200, in order to pledge 40k FD to get the PBB VS with a 40k credit limit. Other bank is RM10.. while PBB use 5% on the credit limit applied for..  |
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Apr 28 2015, 02:22 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Maybe there is no such rules at all.. self created rules ?
can report to bnm on this anot ? |
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Apr 29 2015, 10:07 AM
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Junior Member
616 posts Joined: Oct 2008
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QUOTE(Bonescythe @ Apr 27 2015, 11:01 PM) No more such ruling already. so does that mean I can just pledge RM2k FD just to get the card for 2k CL? after all this card is only good for first RM1k spend. it is 1 to 1 already now.  |
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Apr 29 2015, 10:10 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(virgoguy @ Apr 29 2015, 10:07 AM) so does that mean I can just pledge RM2k FD just to get the card for 2k CL? after all this card is only good for first RM1k spend. most bank practice 5k |
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Apr 29 2015, 04:22 PM
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Senior Member
932 posts Joined: Jan 2014 From: N02 E102
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QUOTE(virgoguy @ Apr 29 2015, 10:07 AM) so does that mean I can just pledge RM2k FD just to get the card for 2k CL? after all this card is only good for first RM1k spend. Maybe in the near future. I somehow recalled back in the late 90s it is not possible to pledge 5k for a CC. The minimum was then 50k and since then , this figure drops significantly. One day maybe it will be 2k.  |
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May 1 2015, 07:17 PM
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All Stars
14,082 posts Joined: Aug 2009 From: Malaysia
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QUOTE(Wongchoy @ Apr 28 2015, 12:52 PM) Ya I know what you meant. I also don't understand why PBB stamping is so expensive , compared to MBB CIMB etc RM10. Can only say this, double standard ! Can always try to complain  If BNM feels like you have a case, you might get something back. Thou I recently pledge 10k for each of the 2 different cards from Maybank, they did not charge me stamping fees at all. |
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May 2 2015, 11:00 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(chiahau @ May 1 2015, 07:17 PM) Can always try to complain wowIf BNM feels like you have a case, you might get something back. Thou I recently pledge 10k for each of the 2 different cards from Maybank, they did not charge me stamping fees at all. not even stamping fee? Why so many different standard one? You are their special customer? Or the agent who process this waive it for u? |
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May 2 2015, 11:05 PM
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All Stars
14,082 posts Joined: Aug 2009 From: Malaysia
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QUOTE(Bonescythe @ May 2 2015, 11:00 PM) wow No idea.not even stamping fee? Why so many different standard one? You are their special customer? Or the agent who process this waive it for u? I went to the outlet, mentioned my requirements and the agent process it for me. When I check my FD account later, amount pledged is as mentioned + no extra deduction in my current account for the pledge. So yeah, Thumbs up for Maybank?  |
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May 4 2015, 09:01 PM
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Junior Member
15 posts Joined: May 2013
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Needed help and guidance in regards to this confusing event: I was charged RM50 as a service tax for the year 2015. After reading a few of the posts here with link back to TheStar's news, I came to a conclusion that I don't have to pay them.
Called the bank and they said my registration date was dated before 1st of April hence I have to pay it. Is this true? |
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May 4 2015, 09:49 PM
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All Stars
11,740 posts Joined: Oct 2013 From: Her Heart
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QUOTE(saori.ikuko @ May 4 2015, 09:01 PM) Needed help and guidance in regards to this confusing event: I was charged RM50 as a service tax for the year 2015. After reading a few of the posts here with link back to TheStar's news, I came to a conclusion that I don't have to pay them. yes, the rm50 gst was still applicable before 1st april.Called the bank and they said my registration date was dated before 1st of April hence I have to pay it. Is this true? |
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May 5 2015, 09:47 AM
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All Stars
14,082 posts Joined: Aug 2009 From: Malaysia
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Hey guys, quick question.
If on papers my friend is earning less than 36k per annum, but all his cards are obtained through FD pledges, does the 2 cards below 36k rule by BNM still applies? Personally I think it's not applicable as he's putting down deposit for credit card so but I'm not a banking expert so I'm hesitant to answer his without anyone clearing the air on this. Much appreciated to whom which replies.  |
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May 5 2015, 11:15 AM
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Senior Member
892 posts Joined: Oct 2007 From: Penang
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Which is the following card is the best to use oversea(Taiwan)?
1. Maybank2kad Master 2. Maybank2kad AMEX 3. Hong Leong Wise Visa 4. Hong Leong GSC Visa 5. Hong Leong Mach Visa 6. UOB One Visa 7. UOB VOX Visa 8. Citibank Clear Master 9. Citibank Rewards Platinum Visa 10. Standard Chartered Business Gold Visa |
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May 5 2015, 12:19 PM
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Junior Member
507 posts Joined: Mar 2011 From: Singapore
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QUOTE(prescott2006 @ May 5 2015, 11:15 AM) Which is the following card is the best to use oversea(Taiwan)? I am curious why people use credit card oversea? Isnt that the conversion rate is lower?1. Maybank2kad Master 2. Maybank2kad AMEX 3. Hong Leong Wise Visa 4. Hong Leong GSC Visa 5. Hong Leong Mach Visa 6. UOB One Visa 7. UOB VOX Visa 8. Citibank Clear Master 9. Citibank Rewards Platinum Visa 10. Standard Chartered Business Gold Visa The benefits of using credit card oversea that I can think of are for to accumulate points and convenience. |
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May 5 2015, 12:55 PM
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Senior Member
892 posts Joined: Oct 2007 From: Penang
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QUOTE(MoneyMaker prince @ May 5 2015, 12:19 PM) I am curious why people use credit card oversea? Isnt that the conversion rate is lower? You're right about the lower convert rate. I'm asking for in case of emergency.The benefits of using credit card oversea that I can think of are for to accumulate points and convenience. |
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May 5 2015, 02:02 PM
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Junior Member
507 posts Joined: Mar 2011 From: Singapore
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QUOTE(prescott2006 @ May 5 2015, 12:55 PM) You're right about the lower convert rate. I'm asking for in case of emergency. I see. I thought of using credit card in oversea for points to redeem Enrich Miles. But feels like not worth it. |
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May 5 2015, 06:09 PM
Show posts by this member only | IPv6 | Post
#1700
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All Stars
26,524 posts Joined: Jan 2003
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QUOTE(MoneyMaker prince @ May 5 2015, 12:19 PM) I am curious why people use credit card oversea? Isnt that the conversion rate is lower? if you compare the exchange rate with local money changers, the conversion rate is better.The benefits of using credit card oversea that I can think of are for to accumulate points and convenience. This post has been edited by Human Nature: May 5 2015, 06:10 PM |
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