for all the things that one can report to FMB or BNM, having one application rejected will probably not be accepted.

This is cos BNM or any regulator will never force any Bank to accept / approve an application as each Bank is free to impose their own guidelines.

But if your application has been approved, and the Card already issued and was suddenly canceled without any default on part of the Card holder, it would be something that the FMB and BNM can interfer with.

Else, all the rejected Car and Housing Loans will be lining up with FMB / BNM to force the Banks to approve their Applications.

I am not defending HLB, don't get me wrong.

Most of time, Banks don't disclose the reasons for rejection for

1) Legal reasons - to avoid saying that customer is Bad Credit as this can invite lawsuit

b) policy reasons - don't want to disclose what is the criteria - related to (1) above and also to avoid furhter borrowers from knowing the loophole

But do update us on your status and good luck

He told u verbally or in B&W

Honestly, that is a breach of the Bank's policies and the Manager could be F1RED for that.

But at least it gave you some closure. What was the reason for the rejection if u don't mind sharing?

CCRIS missed payment

Too many CC

Wow, u considered what I said as protecting HLB and personal attacks to you.

Okay, I will remind myself not to give any unwanted views directly to u in future.

U have a good day bro.

I can understand if there are different camps at other tread such as:

RWI @ ABU vs BN
Property @ UUU vs DDD
IPhone vs Android

But for CC, there is only 1 camp which is we all want to maximize our rebates / CB / redemption points.

Of course we all have different spending patterns and habits, so there's no perfect CC for everyone.

We are just here to share our opinion and experiences.

So peace to supersound and hope that he will get the response he wants from BNM though I doubt BNM will force any banks to approve a customer applications or to reveal the reason for rejecting an application.

If he is successful, hope he will share it with us for our mutual benefits.

This post has been edited by cfa28: Oct 25 2014, 09:27 PM