I managed to pay a substantial portion on CC, just nego with the dealer.

Max I can do with cc so far for car is 50k... Might be something to do with my nego skills then

than what the point they give us high credit for ???? wondering ...

Imagine you're buying a 30k Rolex watch + 50k Hermes handbag + 20k business class flight ticket within the same statement month... that's already 100k.

This post has been edited by kelvintt: Oct 3 2016, 07:41 AM

Another typical situation is kids annual international school fees. Total credit limit wipe out.

me seriously not in luxury item, watch might be but my regular watch guy refer cash and it come with better discount ...

I still single and seriously bank give me large credit which i request to reduce to prevent any fraud issue but they insist .....
most i will spend with is food ....

This post has been edited by SonnyCooL: Oct 3 2016, 10:02 AM

Hi herc,, how are you getting along with your tnb bills? Still running them 20x at the grocers?
I find that just too much of a hassle and using the HL VI instead. Rm2.80 =1EM so not fantastic. Looking at other oprions so it will be great if you can share any updates.Thanks!

Hi guys, I'm thinking of applying for this M2Premier, I am currently using Maybankard2 Platinum, and have accumulated some TreatPoints using the cards.

Can anyone let me know the following:

1. The TreatPoints which I earned earlier with the platinum visa/amex, can I enjoy the same conversion rate of 4770 to 1000 miles, once I get the Premier? i.e. are the TreatPoints in a same shared pool?

2. After using the Premier card for almost year, if I choose to cancel it (before the annual fee starts), what will happen to TreatPoints earned via that card, will it still be in my maybank account, or lost totally if i don't use it before I cancel?

Thanks

one trick to earn TNB bill with 5x TP is to pay using MU VI and u hope MU win the night EPL games. so choose the day when MU play a weaker EPL team n go pay a substantial amount of TNB bills or pay some in advance. not sure if govt expenses can also qualify for that bonus TP or not though....

how many % of allowable cc charge did the car vendor allow for 50k ?
12 % ?

u can consider lucky if the vendor allows credit card as payment. I bought my car using cash too. 10 cents swipe on cc also not allowed. end up just wrote them a cheque. once with authorized dealer n another time with a 2nd hand dealer.

In theory, u can swipe 100% using cc. But, in reality, most of the car dealers won't want u to pay all with cc coz they need to bear a ~2% credit card transaction charge by the bank.

If u swipe RM100k, they lose RM2k to the bank bcoz of the cc.

Yeah I personally wouldn't mind reducing my large credit limit right now. Fraud, which I've had to deal with before, it a real concern. I typically barely use 10% of my limit most months, sometimes up to 20% only.

Banks have never refused to reduce the limit when I request....with the caveat that in future should I want to increase the limit, they will want another round of proof of income....

There is however a minimum....and the recent RHB cc I got, the minimum they allowed me to drop to is 30k....

Bank always increase my limit with tons of excuse,last time they call for limit increase, now they send new card n auto increase ..... don't even reach 3% from my limit.....

That is hassel on us not them ....

HLB never increase my limit for so many years.....the limit given by UOB vs them is 17x their limits......can't imagine how bank set their standards....

Are you serious about the bonus points if MU wins a match? Only on match day I suppose. Anyway I don't follow the EPL so really have no interest to keep track of that...I used to pay 10k tnb bills every month just with a click of button thru maybank2u and enjoy 5x points but that's all history now

yup. on match day. u can Google MU match day n u just mark it down on which day u suppose to pay your TNB, insurance etc.....

This post has been edited by Tigerr: Oct 3 2016, 04:54 PM

Interesting, but chances of MU winning these days...not too good eh

Have you considered cards like HLB Fortune (someone recently revived a thread on this) to pay significant TNB bills? Not sure what your usage requirements are, but it gives 1% on almost any spend except govt and JOMPay as long as you spend more than RM2k per month. However, cap at RM50 (so effectively up to 5000 spending per month) BUT they have bonus cash back upon hitting annual thresholds so you could still get cashback on spending above 5000. A little complicated to explain here but it's clear if you visit the HLB page itself. Can discuss in more detail on that thread.