no choice lor. It's BNM's directive.

What banks can do is offer signup rebate promotions to get us stay for 1 year.

you need to do some rough calculations of your spending behavior whether your annual cashback is > RM50.

OCBC's is 1% unlimited cashback but need to spend at least RM5k just to break-even (year 2 and onwards). Good if you always have large spending but even that, Aeon Watami is still better than OCBC's.

3k per quarter, 1k per month. better than OCBC's 1% if you're always spending about that range (hence i stated earlier ... "Good if you always have large spending")

dont rush for credit card. there are logical reasons why BNM set the min. income; helping you and the bank.

try some decent basic card (or even debit card like RHB's or CIMB's) for convience, not chasing cashback/reward cuz ultimately you still to repay back to bank for the actual spending anyway.

what card(s) are you holding now?

should be enough liao la

i noticed starting this year all banks had realigned their cards' classification vs annual income.

this year's november havent reach and you're worried about nxt year's november?

by the time GST enforced on 1 April 2015, credit card service tax would be abolished.


slight off-topic, now i see why Maybank2cards enfored 2X RM50 svc tax beginning July 2014. It is a ~1-year strategy until next April 2015 before they dont have to collect for Govt anymore (and absorb 1X RM50 for existing mbb2cards users).

This post has been edited by cybpsych: Aug 23 2014, 06:25 PM

If floating when reported, it can't be claimed by the fraudster. You are safe.

If no action from you, the fraudster claim it and will be charged to your account. Only then you need to file for dispute.

Keep monitoring the account or call CS periodically to ensure the fraud transaction will not go thru.

This post has been edited by cybpsych: Sep 18 2014, 08:46 PM

huh?

http://www.ocbc.com.my/personal-banking/Cards/index.html

check out which card you prefer, read ALL the T&Cs, click Apply Now button, fill up the details, staffs will call you back.

else, if too tedious, visit any booths at shopping malls https://forum.lowyat.net/topic/1916038/latest

Terms and Conditions
● Valid till 31 December 2014 or while stocks last.
● This promotion is only applicable to new-to-card customers, i.e. those who have not obtained an OCBC card in the last 12 months.
● RM50 rebate will be credited into the Cardmember’s Credit Card account within 60 days after making three swipes within 45 days from approval date.
● To be eligible for the 28” Luggage Bag and Laptop Backpack, the Cardmember must fulfil the following criteria:
a) Apply for an OCBC Credit Card AND 12 months Balance Transfer with a minimum of RM5,000 during the application for a new credit card;
b) Card activation and three swipes within 45 days from approval date; and
c) Balance Transfer must be maintained for a minimum of 3 months.
● The 28” Luggage Bag and Laptop Backpack will be delivered to the Cardmember’s last known mailing address within 4 – 8 weeks after fulfilling the above-mentioned criteria.

Source: OCBC | Full T&Cs

right over here, boss >> https://forum.lowyat.net/topic/2979093

OTC IBG is RM1mil per transaction, subject to each bank's T&Cs. RM30k should be easily go thru.

no idea if there's charges.

OCBC 365 MasterCard
Enjoy all year long cash rebates!

There’s a new credit card in town, and it’s going the distance.

Giving you cash rebates on everything, it’s the new OCBC 365 MasterCard. Get 1% rebate on monthly spend up to RM1,000 and 0.5% rebate on subsequent spend.

If you sign up now, you could be getting a FREE Laptop Backpack and + RM50 rebate when your card is approved.

Just click here: http://bit.ly/365MasterCard

More info: OCBC | T&Cs | FAQs



This post has been edited by cybpsych: Mar 23 2015, 07:51 AM

this one no AF, why worry about GST?

yep, come 1st April, credit cards' RM50 govt service tax (levied per card approval) will be removed and replaced with 6% GST (levied on service fees, e.g. AF, etc).

6-Month Instalment Plan at 0% Interest for AirAsia Holidays with OCBC Credit Cards

We are proud that OCBC Silver Credit Card and OCBC Platinum Credit Card are the first credit cards in the market to offer AirAsia travellers Auto-Instalment Payment Plans (Auto-IPP) with 0% interest for up to 6 months! Spend more than RM500 on your flights, accommodation and/or tour package and we will automatically split your repayments for you.

• AirAsia holiday cost of RM500 to RM1,000 – 0% Auto-IPP of 3 months
• AirAsia holiday cost higher than RM1,000 – 0% Auto-IPP of 6 months

Read more...

effective 1st May, still got time to STOP using the card now, reap the cashback on next statement, then terminate.

perhaps we could ask Eugene Teh Theng Jinn as he's the author of the announcement?

lol no idea about the 5% removal; i wasnt active in this forum back then

similar to citibank's cashback platinum, min rm50 accumulated cashback baru credited back to you.


if you read the statement, not necessary you MUST spend rm2k. just that you only get back at least rm20 cashback for a spend of rm2k.

however, hlb fortune t&c doesnt mention about rollover, e.g. if your current cashback <rm20, will it be carry-forward to next month?

one-word: BNM