HSBC Credit Cards V.2

Lowyat.NET forums

Lowyat.NET Kopitiam Garage Sales

Lowyat.NET Rules and Regulations FAQ Help Search Members

Welcome Guest ( Log In | Register )

Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty Cards

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

Credit Cards HSBC Credit Cards V.2, Read the T&C before applying!

views

charymsylyn	Nov 22 2015, 09:13 PM Return to original view \| Post #1
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(tungfunglaw @ Nov 22 2015, 04:15 PM) 1) may i know why there is finance charge? - only banks will know 2) and why u paid rm650 again since your 1st rm3600 payment have covered the statement amount? - to clear the remaining balance If you do not pay IN FULL your statement balance before or on due date, you lose the interest-free benefit (assuming no carry forward balance in the first place) and any transaction plus subsequent which was not fully covered by your payment amount is subject to finance charges from the date of that transaction until full settlement. Also note that finance charges for conventional credit cards is subject to daily compounding interest so do not think the correct calculation is just add 1.5% p/m to your balance. It's actually higher than 1.5% p/m.
Card PM	Report Top Like Quote Reply

charymsylyn	Feb 29 2016, 10:13 PM Return to original view \| Post #2
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(Havoc Knightmare @ Feb 29 2016, 01:21 PM) I signed up for a HSBC Visa Signature at Mid Valley Mall. I received a HSBC Platinum in the mail. Is this legal, to give me a different product from what I applied for? If I were to not activate the card, would it be automatically cancelled after the 3 month period? Or do I need to call them? Yes, this is fully legal, and no, cancellation is not automatic.
Card PM	Report Top Like Quote Reply

charymsylyn	Mar 4 2016, 09:43 PM Return to original view \| Post #3
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(fly126 @ Feb 26 2016, 10:54 PM) the NEW HSBC Amanah MPower Platinum Credit Card-i Currently holding gold MPower card and tried to apply from Ringgitplus to upgrade and also get the robo vacumm. The HSBC staff who called me confirmed all gold holders will automatically get upgraded to the new platinum version soon. Decided not to proceed since HSBC doesn't have any other cashback cards. Forgot to ask about the 5% extra cashback promo but since the T&C mentions new cardholders I think the answer would be no for those who are being upgraded.
Card PM	Report Top Like Quote Reply

charymsylyn	Mar 4 2016, 09:45 PM Return to original view \| Post #4
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(sj0217 @ Mar 4 2016, 08:10 AM) Just would like to confirm as below. Let's say HSBC now has this Promotion for New Application. How about if apply from RinggitPlus ? is it entitled for this promotion ? Yes, refer to T&C at Ringgitplus site.
Card PM	Report Top Like Quote Reply

charymsylyn	Mar 5 2016, 10:08 PM Return to original view \| Post #5
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(leo_kiatez @ Mar 5 2016, 12:04 PM) So u got the free robot vacumm even without upgrade to new MPower platinum? No, since didn't proceed to get new card through Ringgitplus.
Card PM	Report Top Like Quote Reply

charymsylyn	Mar 11 2016, 01:50 AM Return to original view \| Post #6
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(leo_kiatez @ Mar 11 2016, 12:34 AM) Yes. But not sure whether will entitle for the platinum benefit of to 8% cashback on petrol & grocery during the transition period. Answer should be yes to both. My gold card is now showing as platinum type in my latest statement and expected cashback was awarded.
Card PM	Report Top Like Quote Reply

charymsylyn	Apr 6 2016, 05:54 PM Return to original view \| Post #7
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(Flyhigh520 @ Apr 5 2016, 02:24 PM) Hello Everybody, i'm desperate seeking for help. I feel very confuse that I probably get cheated by HSBC. I'm not sure i'm posting at the correct thread and apologize if i didn't. My scenario I swipe my HSBC AMANAH Visa card on Feb-16 for amt RM5k when I fail to apply personnal loan as all bank rejected me. This is my 1st credit card. I swipe cash via my fren(mechant) who is kind enough to cash back (after take a certain%). I'm sure everyone know this trick for business turnover. I call the CS up and request them to convert it into 12 mths 0% installment plan. Payment method via auto debit from HSBC Saving account. So, been paying 416.66 (12mths). From time to time, i check the billing seems legit. I feel something wrong with the amt during Oct-15, (seems the amt keep increase) and i seek my fren advice. He said it seems some sort of admin fee and i believe him as is small amt. After that I went to SG to work, I only went back to hometown on Mar-16. After open CC statement, I found out that I own HSBC another RM3.7K+. I call the customer service up and check. He told me that my installment plan was fully paid on Feb-16. However, I only pay the minimal amount. The RM3k is the interest charges and stuff. I was so depress and confuse right now. I desperate seeking advice what is my available option at this moment. I thank in advance if anyone could advise me what to do. Did you make any payments late? If yes, you are liable for finance charges for the entire unpaid balance every time this happens in addition to the late penalty. This should not be compounding since is Islamic product.
Card PM	Report Top Like Quote Reply

charymsylyn	Sep 27 2016, 11:15 PM Return to original view \| Post #8
On my way Junior Member 500 posts Joined: May 2007 From: Kuala Lumpur	QUOTE(fly126 @ Sep 27 2016, 09:19 PM) Actual Management Fee (Islamic Bank) = Credit Card's Interest (Conventional Bank) Both are the Same just Called by Different Name. Not quite the same as Islamic card "interest" is non-compounding and there is a maximum cap for the amount that can be charged.
Card PM	Report Top Like Quote Reply

« Next Oldest · Credit Cards, Debit Cards, Prepaid Cards and Loyalty Cards · Next Newest »

Add Reply Options

Change to:

0.2239sec

0.76

7 queries

GZIP Disabled
Time is now: 1st December 2025 - 10:46 AM

All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)

Removal Request

Powered by Invision Power Board © 2025 IPS, Inc.