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Credit Cards Maybankard 2 Gold & Platinum Cards V11, Pls read post 1-3 & use Search Topic 1st

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azeL_Inc
post Oct 28 2014, 01:32 PM

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Asked for credit limit increase, but got turned down. My limit now is not even 0.5 of my monthly salary, n always pay full amount every month..what a joke. So much of a good paymaster record. Haha. Wasted my time taking effort to print out epf statement and submit application.

azeL_Inc
post Nov 1 2014, 09:48 PM

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QUOTE(supersound @ Oct 28 2014, 09:34 PM)
What is your pay? If you got your card this year, applying to increase CL the chances of getting are very very high.
Either you use FD or wait till next year if you got salary increased.
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I don't think u read my post clearly, i wrote my CL now isnt even half of my monthly pay.
So my current salary isnt the reason why i m not getting the CL increase request approved, nor the increase of salary would change much.

Got the card 2-3 years back. All cards that i apply now (from other bank) give me 3x times of what MBB2 CL is, so i guess they probably dont like me as i m just keep taking their money (from cash back and treatpoints), rather than giving them (i pay in full every month). haha
azeL_Inc
post Nov 2 2014, 11:03 AM

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QUOTE(DrPitchard @ Nov 2 2014, 10:33 AM)
Let's tackle the issue one step at a time.
Have you tried a gradual increase instead? Maybe request for a few thousand first as opposed to jacking it up to 3x your MBB2 credit limit?

For your info, I have also been using the MBB2 card since its launch, and have been using it for more than 3 years. I'm also pretty much like you, making full payment each and every month for the past 3 years. Credit limit is also a few times that of my salary. Expenditure is really heavy too as I use it for my business, in purchasing IT hardware. When I have projects, credit call statement exceeds RM20k per month.

Only missed the RM50 monthly cash back 2-3 times since I got the card. Treatpoints just crossed the 900k mark. I am taking huge money from them and they don't seem to have a problem with that, continuously increasing my credit limit every 6 months when I write in.

I suspect it could be because you have a high DSR (debt-service ratio)? Try to request in stages first as opposed to a lump sum as mentioned earlier on.

Different banks have different methodology and mathematical formulas in accessing customers's financial health. Some bank use the gross income, some use nett income. Some acknowledge 100% of a rental income, some apply a 20% discount to it while some don't even recognize such income unless its a proper stamped agreement. Same goes for the DSR, it varies significantly for clients in different income bracket and their CCRIS history.
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i dint specify how much the increase request is, there s no column for that anyway in the form. DSR is less than 50&

This post has been edited by azeL_Inc: Nov 2 2014, 11:05 AM
azeL_Inc
post Nov 4 2014, 06:00 PM

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QUOTE(cute_boboi @ Nov 3 2014, 02:19 PM)
AFAIK, MBB is quite strict on CL increase. I have other banks CC which gives me 2-3x my MBB CL.
Not sure if someone mention before, but you may submit your 3x latest salary slip and fill up form at counter to request increase CL.
I did that before and still, it was a very minimum increase.
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I submitted EPF statement, as they mention salary slips OR EPF statements needed.
Nah..now i know that others find them stingy in CL too, I dont care much. i'd just use them for the max CB, and use other cards if buying more than CL.
Other banks gave CL 3x more than MBB2 anyway. just thought of keeping my wallet thin by having only MBB CC, no need for other CC if CL is high enough.

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