Any freebies if apply this card?

GST waived?

do I still need to submit the necessary documents even though I'm existing maybank 2 cards holder?

I applied through phone. If you have existing CC with MBB and if your salary goes in to MBB, no need.

The CL for this new card is merely RM 12k.

My MBB2 AMEX still stays at RM 10k since its introduction.

How stingy is MBB.

maybe mbb faced too many users overspent and ended up in bankruptcies. lol...

another reason is they checked on your average usage since you hold the cc. if you always far off from your current cl, there is no reason they need to increase your cl (just for bt?). lol...

Have u updated Maybank on your latest salary


FYI, under Basel 3, there is capital charges for unutilised CL for CC.

Hence, if u are not regularly high roller or potential high roller, banks will start to reduce CL going forward.

Bro, interesting that you shared above, so we can conclud that MBB Islamic and Maybank CC have separate CL, right? If yes, it means your total exposure to Maybank Group is now RM22K.

And by the way, why need high CL for the MBB Islamic MC Ikhwan? RM3K more than enough to get max benefit from the card. The card is only good as a side kick card to MBB 2 Cards.

Bro, one day you FREE, PM me to meet up and I buy you coffee and you explain to me what the heck is with the proposed changes and how I can object to it.

This post has been edited by Gen-X: Nov 7 2014, 01:04 PM

They said they no need any documents since my salary goes into MBB SA.

I believe the CL is not shared based on this condition. I checked that my MBB2 AMEX/Visa CL is still at RM 10k.

YES It's Confirm by their Telemarketing Sales Exec.... Need to Submit Your Latest 3 Months Salaries Slips & Bank Statements to Apply even though for an existing MBB CC holder...

Unless, if Your Salary Credit to MBB Account then NO Need any Income Doc to get the Card

Hi.. I would like to ask.. I registered this card for celcom auto-pay bills.. But I did not receive any sms alert that they already paid my bills.. Is this normal?

Does this card only specifically for Mastercard? Can we get it for Visa? I already have mbb2 cards with mastercard.

yes, only mastercard

Edited - Apologies, got my divided and multiplied terbalik.

A layman simple definition is as follows:

Banks are required to maintain a minimum amount of Capital based on its Risk Weighted Assets that it holds.

This Risk Weighted Assets are derived from a Capital Charge multiplied by the Assets of a Bank which are mainly its Debtors (Borrowers) in form of Loans given.

A Bank’s capital can be in the form of Share Capital, Share Premium, Retained Earnings and other deductibles which are too complicated to explain. So, for this example, just use the above Share Capital, Share Premium, Retained Earnings as definition of Capital.

The main Capital Charge formulae is as follows:

For Personal / Unsecured Loans = 100% of the said amount
For Residential Mortgages = 35% of Loan Amount if the LTV is <80%
For other Residential Mortgages = 50% of Loan Amount
For unutilized Credit Limit in Credit Cards = 20% of balance Credit Limit

So, say for instance, the Bank has the following Loan portfolio

Housing Loans with LTV below 80% = RM500 mln
Housing Loans with LTV above 80% = RM800 mln
Personal Loans = RM200 mln
Credit Cards

Total CL = say RM60,000 * 10,000 cards = RM600 mln
Average Credit Utilised = RM10,000 * 10,000 cards = RM100 mln
Average unutilized Credit Limit = RM500 mln

Total Risk Weighted Assets

Mortgages with LTV < 80% = RM500 mln * 35% = RM175 mln
Mortgages with LTV > 80% = RM800 mln * 55% = RM400 mln
Personal Loans = RM200 mln * 100% = RM200 mln
CC – utilized Credit Limit = RM100 mln * 100% = RM100 mln
CC – unutilized Credit Limit = RM500 mln * 20% RM100 mln

Total RWA = RM975 mln

The min Capital Adequacy is Capital / RWA = 8%, so min Capital required = RM12,187.5 RM78 mln

Now, if the Credit Limit for the CC was only at RM30,000, the total RWA wouild be reduced to RM915 mln and the minimum capital required by the Bank will be reduced to RM11,437.5 RM73.2 mln or lowered by RM750 RM4.8 mln (RM30,000 * 10,000 cards * 20% / * 8%)

Hence, CC limit places heay burden on a Bank’s total Capital

That’s why smaller Banks like Affin don’t want to issue many CC

This post has been edited by cfa28: Nov 7 2014, 12:53 PM

Usually 1st autodebit they will sent and subsequent no.

Thank you Sir for the comprehensive and detail explanation put in a way I can understand.

This post has been edited by Gen-X: Nov 7 2014, 01:03 PM

Apologies sifu, edited my post cos got my divided and multiplied terbalik.

Typing too fast, this is what my friend in Bank Risk Management told me

For every RM8 in Risk Weighted Assets (Loans), Bank must ensure additional RM1 in Capital

My earlier example, I reversed the numerator and denominator



This post has been edited by cfa28: Nov 7 2014, 12:59 PM

Applied the card yesterday by phone to supplement my mbb2amex. Would have chosen maybank/PB VS but annual income tak lepas lol.

MBB VS AF cannot waive? You're really want?

haha. Didnt really read through cause im not qualified to apply for it anyway.

hi, i dont understand the monthly management chg in TnC Clause 8.1 .
is it financial chgs?

hi guys, need some advice here.
should i or shouldnt i get this card. for info, already have m2c (with amex)

pros:
-get 1 additional day (friday) to get 5% cash rebate (though its only for petrol and grocery, but thats my major spending)
- get chance for umrah trip
- get charity fund ( but this cant be considered as strong point, as only small amount contributed)

cons:
- my monthly cash rebate from m2c very rarely get full cap rm50, thus suppose it will not really complement the m2c
- still have to pay extra rm50 gst.

thanks in advance