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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 Nov 2 2015, 02:30 PM
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#1
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo  
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Hi guys, I would like to know if there is any website or app to calculate my current debt and salary, how much more increment on my salary only I can apply credit card.
As my grade in all banks are not allowing me to use their credit card, would like to know how much more I need to earn per month to lower the risk grade so that I can apply the credit card without problem. Thank you. |
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Nov 2 2015, 03:30 PM
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#2
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo
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QUOTE(fruitie @ Nov 2 2015, 03:23 PM) Typically as BNM's rule is 24k per annum will allow to apply for credit cards. I have applied few banks and all got rejected because of my unjustified loans. So I am wondering how much more I need to earn to balance it out the "unjustified" amount. RM 36k and below only two issuing banks' cards. The rest is up to bank's assessment and the best you can do is print a copy of your CCRIS from BNM to check out your credit history.  |
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Nov 2 2015, 03:46 PM
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#3
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo
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QUOTE(fruitie @ Nov 2 2015, 03:39 PM) How much is your income vs loans? Is there any formula for me to calculate this?If you really need one credit card, some banks allow to pledge FD for cards. |
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Nov 2 2015, 04:10 PM
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#4
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Senior Member
5,806 posts Joined: Aug 2007 From: PJ | Tokyo
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QUOTE(fruitie @ Nov 2 2015, 03:58 PM) Refer above for DSR calculator. Just a rough calculation only. Thanks so much fruitie.  |
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