I don't understand, what credit card companies that you are referring to? Isn't all credit cards are under banks' facility? Except for Aeon because it is not a bank to begin with. Other like RinggitPlus are just third party agent.

Anyway, not only Malaysia but China as well, banks cannot share the rejection reason. Good that it is not a BNM's rule, next time I can quote this if any bank rejects me.

Yes I did. My point is what's the problem in stating the reasons?
After all you made effort to submit the application and the least they could do is to tell you the reason.

perhaps you could tell us by reporting to BNM and see whats their replies

A scenario as below:

Let's say annual fee is charged to my credit card on 20-Jan-2016.

I do not want to pay and let's say I terminate on 21-Jan-2016. No usage after AF is charged.

Q1: Do I need to ensure that there is no outstanding amount by 20-Jan-2016 so that I can terminate without paying the AF? Or I can settle any outstanding amount even after the AF is charged?

Q2: The 'no usage' after AF is charged refers to swipes only right? If a cashback is credited after the AF is charged, is that considered as usage?

Thank you

Im not sure with with MBB..
But However others bank will,
i)They X allow u to cancel your CC if got Outstanding balance in, They will make sure u clear all hutang before can procced to cancellation

ii) Auto debit (billing) also consider as an "usage" & I believe, once the CC have cancelled u x get any CB (even ) previous month CashBack.

Need Make sure inform the service provider of any auto billing early on change your CC or they make any charges on the CC that u want to terminate...

This post has been edited by fly126: Jan 29 2016, 10:54 PM

Your (i) is for Maybank? Yes, my question is for Maybank too

Meaning it is okay to have outstanding amount after they charged the AF, as long as I clear the outstanding before cancellation.

What if the AF is charged but I wait for the cashback to enter first before cancellation? Is that ok? Will they consider the cashback as 'usage'?

The date of AF charged and cash back credited in is just 3-4 days.

This post has been edited by Human Nature: Jan 29 2016, 10:49 PM

Just now went shopping for some new clothes and I'm surprised all the girls who queued behind or in front of me used their debit card to pay. I was like the only one paid with my CC.

Well, this means they are richer than me, I swipe first and pay later while they straight deduct from bank account.

yeah, you are smarter but they are richer.

Sorry,Typo abit on my 1st reply...

Most of the Bank charge their AF not late than a month or on the next statement

I x think CB is an "Usage" becos it's the bank who credit back "What we have Earn" to our account...

This post has been edited by fly126: Jan 30 2016, 01:00 AM

thank you for this piece of info

Maybe I should be like that them too, buy within my means. Cancel all my credit cards.
I noticed I actually spend more when I started having credit cards.

This post has been edited by fruitie: Jan 30 2016, 03:09 AM

if i checked ctos and im clear, is there a higher possibility of cc getting approved? how long does it take to get their reply? i applied multiple banks so which card i use will mean committed to that cc correct?

apologies for multi questions, my first cc applications and am anxious

How about CCRIS? It still depends how the bank assesses you, different bank different assessment.
Anyway, I suggest you not to be aggressive, apply one or two at once. Good luck!

sorry to say but truth hurts

if your record is too clean.. then be prepare to get for rejection as banks don't know you and your payment pattern

even high income applicants get rejections too , some times...

if you have hire purchase or mortage loan then its easy to get cc

moreover banks are tighten their tap on unsecured loans

This post has been edited by intrepidity85: Jan 30 2016, 01:11 PM

Yes, no credit history will lead to rejection. Hence, always start with your salary bank.

That said, I got my first card even with clean record. I applied CIMB Direct Access card that time which was meant for fresh grads.

agree with this.. in fact most of my colleague starts with this card. like me, i pledge RM10k on hsbc for the starting.. now everytime works like charm haha..

i have 40k+ at hsbc FD and 10k at PBB FD, does that influence decisions?

not at all when comes to unsecured lending because the reason they gave 'u can take those fd out anytime'

but having fds for some period definitely will help a bit in applying mortage loan or hire purchase loan which define as 'secured lending'

dont believe? give a try

except bank define you as a 'high net worth customers'

This post has been edited by intrepidity85: Jan 30 2016, 01:42 PM

no, it doesn't. unless you use that fd to pledge for your cc. they will give you an agreement whereby you need to terminate your cc before you are allowed to withdraw your fd.

im applying mbb 2 cards and PB basic cc