in my case was to reduce the CL of my cancelled credit card

Hi guys, I am currently using maybank 2 cards. I've just applied for conversion to Al-ikhwan. Now waiting for approval.

However, I took the balance transfer plan to transfer my outstanding balance. May I know if the balance transfer amount is the amount upon approval of my card? e.g. I have rm1k outstanding upon approval application. 2 days before card was approved, I paid another rm200 making current outstanding rm800. The balance transfer will be the rm800?

Sorry for the long message and thank you

just obtained my ikhwan master. welcome back my cash rebate card!

Thanks. Hope everything goes smoothly

However, I did face a minor mishap when I apply for the card that day. I submitted my latest one month salary slip to the MBB staff based on the PDF form that I've downloaded from MBB website. Despite that, the staff told me that for CC application, MBB needs latest 3 months' salary slip. The staff even showed to me that particular requirement from MBB's website.

I pun Website stated 3 months' salary slip but PDF form needs only 1 month I stood firm in my choice & insisted that the staff help to submit my application with one month salary slip. Let's see how it goes

i didnt give any salary slip. because started a new job and later sent my offer letter to the agent. haha. anyways they will check your EPF statement. i gave them that and they can see always got money coming in.

It's Ikhwan.

You will transfer the RM 800 to your new card.

You can either

A - Settle it lump sum.

B - Convert to installment under Ikhwan.

Had anyone encounter ths scenario b4:

Swipe card for buying some thing and received sms notification but when received monthly statement, isn't posted in the statement....hmmmm

yes, it's due to the merchant late in claiming it. some will claim 1 month later, some few months, some even took 1-2 years later.

This post has been edited by victorywp: Nov 27 2015, 03:48 PM

Damn....if 1-2 years later, how to remember!!
Do we need to inform the bank?

No need to inform bank. Just keep that transaction slip and use permanent ball pen and write something like date and amout because thermal paper won't last long the ink. I encounter this before 8 months later only appear on statement.

i also applied tru maybank the bank.. didnt applied for any free gift also




can we just pretend apply btw if got promo booth? haha

Ok...noted
Thanks for sharing.

Deleted.

This post has been edited by kart: Nov 28 2015, 06:19 AM

they don't claim is their lost... especially if you already cancelled your card before they claim.

Wah, reading through the comments in this thread. Kinda hard to get this card?

How can Maybank is the one whom offering this card to me?

Is it due to my ASB loan?

How much is the late payment charges?

And how much is the interest only?

Thanks for the advice!

I don't even have the chance to swipe around this card. Just my wife asking me the question and I don't know the answer lol.

Talking about convenience, practically speaking, what the different I swiping around my debit card compare to my credit card (putting aside credit card's benefits)? Because my debit card always have excess at the end of month.

You swipe now and you don't need to pay immediately. Can save the money elsewhere.
I don't use debit card unless in China using my Union Pay debit card, so I don't need to bring so much of cash as everywhere accepts debit cards unlike Malaysia.

Actually only from LYN I hear this card is hard to apply, and for me it was very easy (also for my family member).

Unfortunately bank's approval processes are opaque so hard to say. Just apply is the easiest way. If they offer then even better, this is a good card for petrol/groceries.

Never ever take the late payment charges. Banks are legalized loan sharks. The rates are never worth it.

General case for Malaysian credit cards - AT LEAST 18% interest rate. On total amount outstanding, and applied daily (that means if you swipe after you're already late, they charge for that amount each day too). And backdated to your statement date if you've passed to 20 day period (meaning after 1 month, instead of paying for 10 days interest you're paying 30 days).

Credit cards give better benefits. No debit card gives 5% cash back for petrol/groceries, for example. Here in these topics (this sub-forum) always got people discussing how to maximize that.

But those benefits are no use if you fork out the late payment charges. Bank sure untung then.

Also, time value of money. If I swipe debit card RM1000, I 'lose' the money instantly. But with credit card I get an average of 15+20 days (more than a month) of interest free period to pay it back. Earning interest on the money too.

So in the case of RM1k monthly spending, you 'push back' your payment by about a month every month, after a year you could have accumulated RM30-RM40 (FD interest rate) in interest compared to using debit card.

I requested for the increment

Thanks, will keep this in mind and share with others.

Same CL la sis..
Wow, you even got 16k for the other card? Kaya.. kaya..

Great info bro, thanks!