LATEST UPDATE: PIN and PAY will come into effect on 1 July 2017

Proceed from v18: http://forum.lowyat.net/topic/2997826

**Those wishing to get an agent to assist with your credit card application please post your request at the service noticeboard section as this section is about discussion on credit card issues and not for promoting or seeking agent.

Knowing your cards http://www.bankinginfo.com.my
1. Visa
2. Mastercard
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. China Union Pay (中国银联)
7. Etc.

A. Some latest shortened cc thread links to refer easily: contributed by victorywp & alexwsk
AEON v4 http://lowy.at/aeon4
AEON Big v1 http://lowy.at/aeonbig1
Alliance v1 http://lowy.at/abm1
AM Bank v2 http://lowy.at/amm2
AmEx v3 http://lowy.at/amex3
CIMB v6 http://lowy.at/cimb6
Citibank v4 http://lowy.at/citi4
HLB Fortune v1 http://lowy.at/hlbf1
HLB Wise v8 http://lowy.at/hlb8
HSBC v2 http://lowy.at/hsbc2
MBB2Cards v18 http://lowy.at/mbb18
MBB2Cards Premier v2 http://lowy.at/mbbp2
MBB Visa Signature v2 http://lowy.at/mbbvs2
MBB Islamic V3 http://lowy.at/mbbi3
OCBC v5 http://lowy.at/ocbc5
PBB v1 http://lowy.at/pbb
PBBWM v1 http://lowy.at/pbbwm1
RHB v1 http://lowy.at/rhb1
StanChart v4 http://lowy.at/scb4
UOB v8 http://lowy.at/uob8
others:
Balance Transfer v4 http://lowy.at/bt4
Debit Card v3 http://lowy.at/dc3
TnG v1 http://lowy.at/tngv1
Reload TnG v3 http://lowy.at/tng3
Loyalty cards v1 http://lowy.at/loyal1

1. Annual fee
Annual fee free credit cards :
- CIMB Direct Access
- CIMB Bank
- American Express Green charge card & American Express Gold credit card
- Public Bank (**minimum swipes apply)
- Alliance Bank (**minimum swipes apply)
- UOB Bank (**minimum swipes apply)
- Maybank (**certain cards only)
- EON Bank (**minimum swipes apply)
- Citibank Choice (**minimum swipes apply)
- Hong Leong Bank Essential VISA (**swipe at least twice a month OR spend RM8,000/year)
- AmBank (**certain cards only)
- OCBC (**minimum swipes apply)

2. Credit cards payment methods - http://forum.lowyat.net/topic/1802980

3. Tap and Go Cards - no signature required


4. Credit Card linked to Petrol
- OCBC Titanium MasterCard; all petrol stations = 5% cash back
- Citibank Cash Back VISA Platinum; all petrol stations = 5% cash back
- UOB; BHP Petrol = 2% cash back (UOB One only), 1% cash back (others)
- Citibank; SHELL (This only applicable for Citibank Shell, Citibank Cashback Plat applies to all petrol stations)
- Maybank/Maybank Islamic; PETRONAS = 5x Treatpoints
- CIMB Bank/CIMB Islamic; PETRONAS = 2% cash back
- Public Bank ESSO/Mobil VISA; ESSO/MOBIL = 0.5 - 5% (tier-based)
- RHB Travel Money; all petrol stations = 2% cash back (5% cash back every first weekend)
- AMBank Carz; all petrol stations = 2% cash back (3% for Gold and 5% for Platinum, provided there is an outstanding)
**All range of American Express charge & credit cards give 2x MR/TP on petrol purchases whilst AMEX Gold credit card and Maybankard 2 AMEX give 5x MR/TP. This applies to all petrol brands.
For more info on pumping petrol using cards, please refer to this thread: http://forum.lowyat.net/topic/1798403

5. Standard financial charge (interest rate)
Tier 1; 13.5% p.a.
Tier 2; 16% p.a.
Tier 3; 17.5% p.a.
Cash advance: 18% p.a from the date of withdrawal + 5% advance cash withdrawal fees
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.
Sample calculator can be found here
Sample calculator from AKPK

6. Complimentary Cards
1) HSBC Premier - deposit and maintain RM200k
2) Citibank Citigold - deposit and maintain RM200k
3) Standard Chartered Priority Banking - deposit and maintain RM250k
4) UOB Privilege Banking - Opening deposit of RM300k with maintenance of RM200k
5) OCBC Premier Banking - Opening deposit of RM300k with maintenance of RM200k
6) CIMB Bank Preferred Banking - deposit and maintain RM200k
7) Hong Leong Bank Priority Banking - deposit and maintain RM200k
8) Alliance Bank Privilege Banking - deposit and maintain RM200k
9) RHB Bank Premier Banking - deposit and maintain RM200k
10) Public Bank Red Carpet Banking - deposit and maintain RM500k or a Mutual Gold customer with a total combined deposits of RM200k in savings/current/fixed deposits.

7. American Express - http://forum.lowyat.net/topic/1724607

8. International Transactions - http://forum.lowyat.net/topic/1845691

9. Credit Card Cancellation - http://forum.lowyat.net/topic/1814307

10. Cash Advance fees


11. Verified by Visa and Mastercard Securecode
Verified by Visa ---> http://www.visa-asia.com/ap/sea/merchants/...vbv_intro.shtml
Participating banks :

MasterCard SecureCode ---> http://www.mastercard.com/au/personal/en/c...code/index.html
Participating banks :


12. Balance Transfer - http://forum.lowyat.net/topic/3354596

13. RM50 Government Service Tax - NO LONGER IN FORCE from 01/04/2015

14. Airport Lounge Access - https://forum.lowyat.net/topic/4018832

15. Previous versions


16. Useful information
BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here. (Courtesy of tishaban) (thanks awaynoway for the updated link)

Credit information:
CCRIS: http://creditbureau.bnm.gov.my/
CCRIS report - go to Bank Negara yourself and use self-service terminal to get report with MyKard (you need to go as need thumb print).
CCRIS report via email - http://creditbureau.bnm.gov.my/reportobtain.html
CTOS: http://www.ctos.com.my/
BRIS: http://bris.com.my/index.html

Swipe Smart with 6E:
http://www.abm.org.my/Swipe_Smart_with_6E_...ffectively.aspx

17. FMB - Financial Mediation Bureau
http://www.fmb.org.my/index.htm

18. AKPK
- An agency set up to provide financial education, financial counseling and debt management
http://www.akpk.org.my/Home/tabid/36/Default.aspx

Link to AKPK thread : http://forum.lowyat.net/topic/876712

19. Other Links By Users
Introduction to Credit cards 2016 by Gen-X
My Credit Cards - by Gen-X
Free financial tuition by Gen-X
The Best Top 10 Credit Card - Ultimate Showdown 2014 by Gen-X


20. Credit Card/Charge Card Reward Points
Validity of numerous credit card/charge card reward points
1) HSBC - up to 3 years
2) Citibank - reward points are evergreen
3) Maybank - 3 years (effective from 1st August 2013)
4) CIMB Bank - 3 years
5) Alliance Bank - reward points are evergreen
6) Standard Chartered - Pending reward system update
7) American Express - Membership Rewards Points are evergreen
8) Hong Leong Bank - up to 3 years
9) AmBank - up to 3 years
10) RHB Bank - 3 years for Platinum and 2 years for all cards ranked lower than Platinum
11) UOB - 3 years
12) EON Bank - 3 years

21. Premium Credit Cards and its requirements
1) CIMB & DA World Mastercard/Visa Infinite - Min Income Requirement : RM 200k
2) CIMB Enrich World Mastercard - Strictly by Invitation (those with card usage above RM 500k per annum may be considered)
3) CIMB VISA Signature - Min Income Requirement : RM100k
4) Maybank World Mastercard - Min Income Requirement : RM 240k
5) Maybank Visa Infinite - Min Income Requirement : RM 240k
6) MBF World Mastercard - Min Income Requirement : RM 200k (By Invitation)
7) Standard Chartered Visa Infinite - Only for Priority Banking customer (RM 250k in deposits)
8) RHB Visa Infinite - Strictly by Invitation Only
9) HSBC Premier Mastercard - Only for HSBC Premier customer (RM 200k in deposits)
10) HONG LEONG Bank VISA Signature - Min Income Requirement : RM180k

22. Best Credit Cards and its categories - Click on ME
Please note these are just recommendations based on normal spending. High spending or specific usage individuals might want to look at other cards.
1) Classic Card = Hong Leong Essential
2) Gold Card = Alliance Younique / Maybankard 2 AMEX Gold
3) Titanium Card = OCBC Titanium
4) Platinum Card = Alliance Platinum / Citibank Cash Back Platinum / AMEX Platinum Charge Card (assuming AF is waiveable) / Maybankard 2 AMEX Platinum
5) Visa Signature = EON VS
6) World MasterCard = Maybank WMC (assuming AF is waiveable)
7) For 1st time CC applicants with Degree: DA (Direct Access @ CIMB)
Looking for recommendations? Please refer to this thread: http://forum.lowyat.net/topic/4161836

23. Credit Cards with Complimentary Travel & Accident Insurance
1) All HSBC/HSBC Amanah credit cards
2) All Citibank credit cards (except all co-brand cards, cash back)
3) All Public Bank generic credit cards
4) All Maybank generic credit cards
5) All AMEX charge card & AMEX Platinum credit card
6) All EON Bank credit cards
7) Alliance Bank Platinum

24. OCBC Titanium Credit Card rebates - http://forum.lowyat.net/topic/3231432

25. Reload Touch n Go using credit cards - http://forum.lowyat.net/topic/3304889

26. Measures on Credit Cards by Bank Negara - http://forum.lowyat.net/topic/1796957

27. Beware of cross border charges by HLB, CIMB and SCB - http://forum.lowyat.net/topic/2519936
Sample case: Apple Store Malaysia by rickkywong using HLB credit card; wshoh using CIMB

Confirmed no cross border charges: Ambank (by rickkywong)

This post has been edited by alexwsk: Apr 16 2017, 07:35 PM

FAQ

1. Can I apply new credit cards using existing credit card which is more than one year?
NO

2. Can I apply new credit cards by pledging Fixed Deposit?
Depends on individual banks, some will accept and some will not

3. How does credit card works?

Courtesy of iMoney.my

4. How to request your credit report?
http://creditbureau.bnm.gov.my/reportobtain.html

5. Links by Gen-X, for your reading pleasure
The Best Credit Card for FREE Entry to Airport Lounge 2013
Introduction to Credit cards 2016
Free financial tuition
The Best Top 10 Credit Card - Ultimate Showdown 2014

6. All information regarding Pin and Pay - click here


7. How does the interest free 20 days period work?
8. Need recommendation on which credit card to apply? Ask here - http://forum.lowyat.net/topic/4161836

9. How does Easy Payment Plan (EPP) work?
https://ringgitplus.com/en/blog/Credit-Card...-Explained.html

This post has been edited by alexwsk: Apr 3 2017, 09:38 PM

Courtesy of Gen-X:

Introduction to credit cards by Gen-X 2016

I just published my article titled Credit Card Effective Cash Back Rate. In this article I compared the Maximum Effective Cash Back Rate you can earn with the Maybankard 2 AMEX versus OCBC Titanium MasterCard versus Hong Leong Bank Wise Visa. Plus also if you are thinking of getting the CIMB Cash Rebate Platinum credit card to earn 5% cash back from online transactions, you won't want to miss this article.
In order to optimize the returns from our credit cards usage, we have to use the right card at the right place and time. There are so many credit cards out there, and if you are clueless, check out my articles below and maybe you can earn yourself some pocket money.

New 2013 Credit Cards - credit card review of the CIMB Cash Rebate Back Platinum, Citibank Prestige MasterCard World Elite, Citibank PremierMiles AMEX, Hong Leong Bank Wise Cash Back, RHB Visa Signature and versus the Standard Chartered Bank WorldMiles MasterCard.

If you are new to credit cards, Click here to my Credit Card Tutorial Page. After finishing this FREE tuition, you'll be an expert on credit cards and you might end up collecting cards like me (click here to see my card collection) to optimize our returns

Hotel Online Room Booking with Credit Cards - some of our credit cards offer discount when we use them to book hotel online via 3rd party sites. But is the discount really good? This article will show you that you need to always compare the prices at check out and not at the front page.

Maybank Visa Infinite - The Best Credit Card for Overseas?

Maybank 2 Cards Premier(American Express Reserve and Visa Infinite Combo) - Comprehensive Review

Click here to read my article titled - The Best Credit Card in Malaysia - Is There Really One?

For your own good, you must click here to read my article on Credit Card Fraudulent Charges and SMS Alert AND click here to Suspicious Telephone Calls on CC matters Thread.

To read my review of the Maybankard 2 Cards, click here. The Maybankard 2 AMEX rewards you UNLIMITED 5X Treats Points everyday PLUS 5% cash back on Saturdays and Sundays. You can get this MBB 2 Card within 2 hours if you go apply at Maybankard Centre at 1U (New Wing), Gardens (near Robinsons) and KLCC (Lower Ground). Please note not Maybank branch. And the most complete guide to Maybankard 2 Cards is right here in LYN - click here to Maybankard 2 Cards Thread and read page#1.

And if you want to convert your credit card's reward points to Enrich Miles, click here to read my article My Son Is Going to The USA Again on Business Class. With credit cards offering 5X points, we can earn Enrich Miles faster. But more importantly, what is the conversion rate of our reward points to Enrich Miles. And in this article I will show you for local usage it is the Maybankard 2 Cards Gold and Platinum and for overseas MBB Visa Infinite rate is one of the best in town.

Click here to me article titled The Best Cash Back Credit Card Combination where I will show you how to optimize cash back returns for increments of RM500 spending a month.

And click here to read my review of the Maybank Islamic MasterCard Ikhwan Credit Card which is FREE FOR LIFE and gives you 5% csah back for petrol.

And to see my list of The Best Top 10 Credit Card in Malaysia 2015 - click here to my Credit Cards Ultimate Showdown 2015

This post has been edited by alexwsk: Jan 6 2016, 10:44 PM

i tends to ignore this part, whatever not in CCRIS, the banks will not be able to find out anyway

if u really want to play, buy the same item using cash and credit card
submit evidence to bnm and bank

it's contactless transactions below RM250
seems like a new standard - Wifi will be introduce to replace visa paywave, mastercard paypass or whatever they call it

pay the minimum and your ccris will be just fine, i assumed your real usage is higher than the minimum even with the fraudulent transactions included

Happy Chinese New Year to everyone celebrating, 恭喜发财,猴年行大运
and happy weekend to the rest

This post has been edited by alexwsk: Feb 12 2016, 10:56 PM

up to the bank to decide, normally it will be in the general tnc for each card

nope, most banks will reject you straight away
you must from now on pay at least minimum and on time for 12 consecutive months to clean your ccris

you may pledge FD to secure cc if u really want to

This post has been edited by alexwsk: Apr 3 2016, 09:48 PM

depends on bank and which type of cards u want
i would say minimum 10k

my mum is 63 pensioner with >2k monthly but was told cannot apply anymore by mbb and aeon credit

refer the BT thread at https://forum.lowyat.net/topic/3918057

bank in to cc account, exceeding the outstanding balance will increase the credit limit
bank account nope

yes, or use interbank transfer/giro also can

if M2 amex u'll get 5x, master/visa only 1x

if it's pin and pay, try to set the pin through maybank2u

since the death of AA eZPay debit card, another card has emerged
http://www.thestar.com.my/business/busines...d-prepaid-card/

now just wondering whether it can be reloaded via credit card online

yea, fpx oso no cc
but still got one time upfront RM15.9 and annual fee RM6.36

with banks offering free debit/prepaid cards, why would anyone purchase mpay prepaid card

This post has been edited by alexwsk: Jul 30 2016, 01:38 PM

not going to count
you need to choose "Pay Bills > Register for auto payment" from the drop down list

below 36k can hold cards from 2 issuer already