Stanchart - 300k min FD collateral
Hong Leong - 10k min FD collateral
Maybank - 5k min FD collateral

So far, this is the one I know.

Now apply card, no need to have good salary or 3mths slip or etc. Got money, just place in FD to pledge in Maybank, then you will get a card. Easy fast and simple.

Best for those self employed. Want 50k limit, pledge 50k then

If u think like this, then u are wrong.

Having a credit card doesn't mean having debts.
U can have a card, and have no debts. Is up to you on how u are going to control your spending.

Some people got 50k credit limit, and got 40k credit card debts.
Some people got 500k credit limit, and got less than 1k credit card debts.

Getting a credit card is good, so that you can create a CCRIS record in the BNM system. After age 30, if you don't have a CCRIS record, borrowing money from financial institution will be quite hard, unless you are working in MNC, public listed company. Kuci miao SDN BHD company, you will have hard time for your loan application, unless your company is reputable enough.

Card also good for rebates. Petrol, your utilities bills, promotion, points and rebate. If you know how to use wisely, it is a plus point.

I think MBB want to ramp up their credit card clients.
From no class to high class. Want to sapu market share.

5k FD pledge for 1 year for a credit card, I think is very easy for people to have a credit card already.

In fact, I just applied with MBB also.. Hehehehe. Also put kuci miao $$ FD collateral

Yea. Dunno why people can still think credit card = debt.

That is so old book thinking.
Credit card is a good tool. Only those who dunno how to use, simply use and simply whack will end up in trouble.

Credit card got so much discount, some give you free air travels, cash rebate, and it can also help you when you are in desperate emergency case, you won't know.

For some, credit card can use to leverage in investment. Example, when opportunities strike, cash out credit card and pump into the equity market. Once it goes up, sell it and clear all the outstanding. Leverage on money you don't have to create money. But this come with risk. Unless you are good and you know what you are doing, else, don't do this at all.

Owning 10 credit cards doesn't mean you are debt laden. Owning 1 credit card and spending beyond, then that is problem. So, start small, start young, control yourself now with 5k to 10k limit.

The way I see it, credit card is like a two-edges sword. It's a great tool, but if you don't use it carefully and correctly, it can hurt you. If you think you can control your buying impulse, and reasonably educated in handing your personal finances, by all means, get some credit cards.

For 5K FD, what is the credit limit on the credit card?

off topic warning
heheh - IMHO, it's not education that helps in using credit cards as a tool or destroyer.
It's attitude / emotional control +common sense.
Spending for most folks are emotionally laced - thus those evil marketing folks usually use visions of your love ones, dreams, etc to part us from our $ 

off topic warning
heheh - IMHO, it's not education that helps in using credit cards as a tool or destroyer.
It's attitude / emotional control +common sense.
Spending for most folks are emotionally laced - thus those evil marketing folks usually use visions of your love ones, dreams, etc to part us from our $ 

Stick to debit card instead. When salary up 3k then only apply.

If u think like this, then u are wrong.

Having a credit card doesn't mean having debts.
U can have a card, and have no debts. Is up to you on how u are going to control your spending.

Some people got 50k credit limit, and got 40k credit card debts.
Some people got 500k credit limit, and got less than 1k credit card debts.

Getting a credit card is good, so that you can create a CCRIS record in the BNM system. After age 30, if you don't have a CCRIS record, borrowing money from financial institution will be quite hard, unless you are working in MNC, public listed company. Kuci miao SDN BHD company, you will have hard time for your loan application, unless your company is reputable enough.

Card also good for rebates. Petrol, your utilities bills, promotion, points and rebate. If you know how to use wisely, it is a plus point.

got such thing? wow

Ya. They free you this free you that. Give you 0% interest installment for 2 years. Balance transfer and free a gift. Every month charge you rm100.. you won't feel it. But if 10 item every month charge 100... there comes the pain.

I would so agree with this!
End of the day proper finance management is the key. CC is actually a damn good tool to leverage on discounts and rebates. To me its benefits outweighs the use of cash.

 

If u think like this, then u are wrong.

Having a credit card doesn't mean having debts.
U can have a card, and have no debts. Is up to you on how u are going to control your spending.

Some people got 50k credit limit, and got 40k credit card debts.
Some people got 500k credit limit, and got less than 1k credit card debts.

Getting a credit card is good, so that you can create a CCRIS record in the BNM system. After age 30, if you don't have a CCRIS record, borrowing money from financial institution will be quite hard, unless you are working in MNC, public listed company. Kuci miao SDN BHD company, you will have hard time for your loan application, unless your company is reputable enough.

Card also good for rebates. Petrol, your utilities bills, promotion, points and rebate. If you know how to use wisely, it is a plus point.

agree agree!!!!  basically, CC is equal to discounts & rebates plus free gifts.

That is if you spend more than you have to pay in interests and annual fees

Pledge 5k FD with Maybank for Credit Card.
Credit limit 1 to 1.

5k cannot withdraw. Withdraw FD, card auto cancel.

When your salary up already, then you can withdraw FD and use salary slip as supporting documents.