aiya. now need to wait few days to get the verification code. Any faster way ? Call CS again?

Sifus..how can u see in the m2u site of ur m2c amex has been approved? Any screenshots? As i'm very anxious of waiting even though not yet 48hrs of submission time

if You got M2U Account just Login to Check...

you should do the paypal linking during weekend! the USD1 will be eligible for 5% cashback too!

interestingly, i was charged USD1.95 (RM6.69) back in 1 Feb 2014. Cashback gotten RM0.33

nope. CS cant help. i did that too. CS can see there's a charge/transaction coming from paypal, but they couldnt see the details until it's being posted. Gotten the verification code posted in M2U in 2 days time.

aiya. should tell me earlier
2 days time. so sat will see in statement. Just in time for my weekend purchase

Normally when will it appear (if approve) from the submission time?

guys
wanna confirm few thing on CC

1. My total balance is RM1.7k and my minimum balance is RM39 due date on 17th April 2014. I received my cashback total of RM45 on 1st April 2014. Is the cashback can be considered as my minimum payment?

2. If we pay credit card every month with minimum payment, what happen to our CCRIS record? does it affected?

FYI, this is something that cross in my mind, just want to know for the sake of knowledge. I know paying minimum is a bad habit.

Yes to question 1. I would say yes to question 2 too, but expert please confirm.

This happened to me before as well when I purchase something online through and the merchant is paypal.
Receive 2 sms. One is the amount for the purchase item and the second is the USD1 charges by paypal.
But strangely when the statement comes. USD1 charges are no where to be found
For my case I just ignore lo... do update when the statements comes...

I am working at bank. For question 2, if every month you pay only minimum payment, your CCRIS will still appear as 0, which mean you paid on time, apperantly just like full payment. However, if you continue paying only minimum, your outstanding amount will increase in huge amount due to interest charges, which will affect your credit card usage amount and affect you when you apply for loan. Secondly, by making pay minimum as a habit, you may end up some of the month paying late. Most importantly, if you take it as habits for more than one year. The banks have the right to put you under CCRIS special attention account, which will definitely affect you when you apply for car loan or housing loan in the future. If you are under CCRIS special attention account, most likely you loan application will be rejected. Take note that every single bank have their own system to calculate the credit scoring of their customer for loan approval purpose, paying only minimum in the long run will definitely affect your credit scoring!

This post has been edited by ckyow1: Apr 3 2014, 01:12 PM

thanks for the comments
hope it is true

thanks for your feedback, but i need to confirm the information that i get, which means i need to verify my source of information. would u mind to clarify those in red?

a. u r working at which bank?
b. I understood your point (2) but why it affect point (3)?
c. If minimum payment is considered as on time payment, how did it turn out become late payment as in your point (4)?

This post has been edited by suadrif: Apr 3 2014, 01:57 PM

a) I worked at ocbc, alliance bank and rhb bank.currently at RHB bank.
b) point 3 is when your credit card card usage is high with transactions and charges for example. There is a risk for the bank to consider cause you may end up not paying the loan.
c) yes, minimum payment is consider as on time payment. But what I mean here is most likely you might turn out to become late due to the habit. I am working at credit card centre when I still at alliance bank last time. That is based on statics outcome of customer payment pattern.

Last but not least, paying minimum will causes your CCRIS record worse as remark in the special attention account if you only pay minimum for more than one year. Why? That is for the bank risk analysis purpose to mesuare the risk of the customer chances to not paying loan on time. Secondly, your credit scoring will be affected. For example, In RHB bank, we measure customer credit ranking from Ranking 1 to 7. 1 mean best, 7 mean worst. If you are ranked at 6 or 7, your loan or credit card application will be rejected within one day. That is why some people keep on rejecting for application with bank.

ckyow1 good explanation. hope to see more contributions from you

Ok noted
so if a cc user pay full amount most of the time and minimum payment once every 3 years, he/she shall have a clean record right?

as long as you don't have any late payment on ur cc then ur CCRIS record remain clean.

ok noted.
thanks for the feedback

ckyow1 your contribution is highly appreciated.
do post more in this section and it can help most of use in here

im got that sms too, said i im charged with usd1.. this is when i link my amex to my google wallet but till now not seeing the transaction in m2u..

that just to test whether the card valid or not..
and to check whether transaction can go through..

it not really charge to your cc...
same concept when in petrol pump...

Had received few sms when registering my credit cards (OCBC and CIMB) on google wallet. Say i am charged RM4, but never appear in statement at all.

I have a dispute transaction with Maybank and after raising the dispute form, it still shows in my transaction details. Do anyone know how long they take to investigate the matter? Thanks.