Have no tried request from online/email, I was done from branch last time. FYI

that is long...i just get a call from them ask me to send up all docs on last tuesday.
the fastest one i got is 11 days the card reach.

Last week received their call to confirm all with my details,
without sending them any docs,
they said will process my application,
didnt ask docs from me.

they will request afterward?

yupe it was pretty long...and to think im applying for a lower tier card compared to the one im holding...MBB so far is the more efficient bank in my own experience in approving card, taking just a few days.

Hi bro I am news customer too applying new card for the 0% 12 Months BT

I actaully apply for 10,000 and end up I only received SMS regarding my BT is onlyapprove at RM3,000

kind weird, cause I submit my EA form also, my annual pay is 60k + / PA

I see. Thanks. Will give HSBC a call. If need to be done over the counter is a bit troublesome for me.

How much Credit Limit they gave you?

I heard they will only ask to pay 5% (Minimum) from your BT amount of RM8100, which is therefore RM405. Not like other bank, they calculate just RM8100/12=RM675 per month.

You can pay any amount more than minimum amount each month (>RM405), you can settle earlier within any period up to maximum of 12 months only.

Let say, if you have some retail spending during that month, eg: RM1000

The minimum payment during that month are the combination between BT & Retail Purchase
Eg:
BT = RM8100
Retail Spend = RM1000
Total = RM9100
Minimum Payment that month = RM455 (5% of total above)

If you pay RM455, that is enough to cover both BT and Retail minimum payment.

But remember, you only clear RM50 out of RM1000 (5%), still have RM950, so you need to pay RM455 + RM950 = RM1405 in order to clear your Retail Spend or else it will bring to the following month.

And if they is extra payment, let say the Total just now is RM1405 just enought to clear MINIMUM + RETAIL, if you pay RM2000 during that month, the extra payment of RM595 will not bring to the next month for RETAIL, it will just deduct your BT amount first. RM8100-RM405 (Min)-RM595 (Extra Payment)=RM7100.

*Meaning that, SHOULD BE NO PENALTY FOR EARLY SETTLEMENT OF BALANCE TRANSFER
*If you not made full payment for RETAIL, there is LATE PAYMENT CHARGES if bring to the following month.
*If you only pay MINIMUM PAYMENT of RM405/month, you will need 20 MONTHS to clear all your BT instead of 12 MONTHS which you actually applied, but I think, after 12 MONTHS, if you still not SETTLE your BT, it will consider the remaining balance of BT as LATE PAYMENT???

I'm not sure how the Statement will looks like, maybe they will just shows the minimum payment of RM455 instead of the TOTAL amount you need to pay>RM1405? Because they don't specify the exact amount of BT you need to pay, you can pay any amount you like for BT, so I believe they also don't put how much TOTAL you need to pay in Statement, am I right?

Please someone correct me if somewhere wrong with my understanding above.

Thanks.

This post has been edited by atjm88: Apr 10 2017, 02:29 PM

i using SG salary apply, but i apply it thru Agent in shopping mall
how do you apply? you submitting your application thru email?

i not sure, cause I have not receive the card yet, they call me last Thursday said my card is approved, and I got email later then.

And received SMS this morning said Cash Installment / Balance transfer of RM3,000 approved.

I apply via website, when they call me I said I want to make 10,000 BT.

maybe I should give them a call about my credit limit.

Base on my situation, the BT amount approved is 60% of the credit limit.

Thank you for the clear explanation. For the sake of repayment & get rid of finance charge, I think I will just pay minimum & settle the balance at the last month of the BT tenure.

ya confirmed its 60% of CL
i already called them yest and my CL is only RM5,000

Someone called me from the call center, as I have an existing HSBC account with them. However, they have been slow with the processing despite me giving all documents over 2 weeks ago. They never asked me for any further documents other than 3 months salary slips.

I see, my case is agent submitted my document > 3 week
then CS call me for verify check, after hang off the phone, within 5 min receive approval email

cs said need 2 weeks to approve the card after submit the docs. fb Smart Privileges reply the same thing saying that too many ppl apply so need to wait up to 2 weeks..

Applied HSBC credit card, been told that need 12x swipe calendar year to get the annual fee waiver. No black and white givem. Only been told when contact CS.

To all my friends here... based on my case, it doesnt work that way because i did spend RM500 in March and settle everything in March including BT and retail spending but HSBC still charge me interest. after called HSBC, they mention that once we sign up the BT with HSBC, we will not enjoy the 20 days interest free period and now i recall the HSBC officer told if i accidentally spent on it, i have to make sure the settlement to the credit card will be on the same day as well (not too sure it follows posting date or transaction date) but have to settle the same because if you settle the next day it will be considered as late payment because no longer enjoying the 20 days interest free period. based on their advice, once you applied for BT, just keep inside the withdraw until full settlement. !!!!!!!!!!

found it in HSBC website > https://www.hsbc.com.my/1/2/personal-bankin...rd-fees-charges
g. Interest Free Period 20-day interest-free period is only enjoyed on all retail transactions, provided all outstanding balances as per the monthly statement of the previous month are fully settled

This post has been edited by siaowei111: Apr 12 2017, 09:21 PM

Hi all,

Just a quick question. Do I need to activate my HSBC credit card for overseas if I'm going to Thailand? Thank you

wait my rm688 cash back wait until neck also long d..... any1 already received? i applied during jan17, take BT 6.9k ......

any1 same me?

i applied early Dec 16 still pending. according their T&C the 688 will be credited into the account within 60 days upon meeting spending condition[U]. i spent 6888 mid Dec 16 but still haven get the cash back up to today which i suppose to receive mid of Feb (within 60days).
sent in email to complain but still under investigation. i realized the new promotion change already within 60 days after end of the campaign.