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 How many can we apply from the banks?, Is there any limits?

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TSFinancial Analyst
post Aug 29 2014, 09:58 PM, updated 10y ago

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Currently i have only 2 credit cards from OCBC and Maybank. Credit limits from both banks combined around 15k.
Can i still apply Credit card from other banks? Is there any limits for example only can apply from 10 banks or depends on the discretion of the bank to approve ?
basSist
post Aug 29 2014, 10:31 PM

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Credit cardholders who earn RM36,000 per annum or less can only hold credit cards from a maximum of two (2) issuers. In addition, the maximum
credit limit extended to the credit cardholder shall not exceed 2 times of their monthly income per issuer. 
TSFinancial Analyst
post Aug 29 2014, 10:33 PM

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QUOTE(basSist @ Aug 29 2014, 10:31 PM)
Credit cardholders who earn RM36,000 per annum or less can only hold credit cards from a maximum of two (2) issuers. In addition, the maximum
credit limit extended to the credit cardholder shall not exceed 2 times of their monthly income per issuer. 
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If income more than 36k then how?
pisces88
post Aug 30 2014, 02:29 AM

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i got 3 , no problem
adele123
post Aug 30 2014, 11:22 AM

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QUOTE(Financial Analyst @ Aug 29 2014, 10:33 PM)
If income more than 36k then how?
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Not subjected to that requirement lo.

Means up to the bank to decide they want your business or not lo
TSFinancial Analyst
post Aug 30 2014, 11:26 AM

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QUOTE(adele123 @ Aug 30 2014, 11:22 AM)
Not subjected to that requirement lo.

Means up to the bank to decide they want your business or not lo
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Can i apply 3 more at the same time? the bank will notice anot if i applying another 3 at the same time?
Jasoncat
post Aug 30 2014, 12:07 PM

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QUOTE(Financial Analyst @ Aug 30 2014, 11:26 AM)
Can i apply 3 more at the same time? the bank will notice anot if i applying another 3 at the same time?
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You can apply as many as you like, it's up to the banks whether want to approve. The banks can see how many applications are pending approval through ccris.
bearbear
post Aug 30 2014, 04:57 PM

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i think it does, as your exposed credit limit increase you are more 'risky' to the bank.

At once i do own 7 CC from different bank (various promos) and then i got rejected by some banks so i start cutting those useless ones now so that i can again get involve in more promo.

Just my personal logic.

 

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