What is the lowest credit limit for Public Bank Visa Signature card?
I would like to pledge a fixed deposit to get this card.
Credit Cards Public Bank Visa Signature v4, 6% Cashback On Grocery, Dining, Online
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 Aug 16 2016, 11:17 PM
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#1
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Senior Member
1,599 posts Joined: Aug 2014 
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Sep 2 2016, 09:00 AM
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#2
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1,599 posts Joined: Aug 2014
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QUOTE(cybpsych @ Jul 12 2016, 09:19 AM) last time min fd pledge is RM34k with 1:1 Credit Limit ratio (i.e. FD amount = CL) you also need to pay stamp duty 0.5% for the FD amount. call/visit branch to find out.  QUOTE(cybpsych @ Jul 13 2016, 07:04 AM) there's a reason why it's called "pledging FD" to apply a credit card. As you explained, the ratio of credit limit to the pledged FD is 1:1. For me to use PB Visa Signature Card, the credit limit of around RM 5000 is good enough for me. your FD is used as collateral since income level is not met or having other risk factors that are not favorable to PBB. FD fledging is to board rate, not promo rate. so just let it autorenew the FD for as long as you're holding the card. no FD = no collateral = no protection to PBB = no card. simple as that. But, it seems that I cannot pledge just RM 5000 for this card. Sigh.  Is there anyone here who managed to pledge any FD amount lower than RM 34k? |
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Apr 1 2017, 03:34 PM
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#3
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QUOTE(WhitE LighteR @ Mar 31 2017, 12:48 PM) Public Bank system in my experience is quite backward still compare to others. Followed closely by Maybank system. But at least lately Maybank system has been improving. QUOTE(saitong09 @ Mar 31 2017, 08:09 PM) +1, their system really not that good as others local bank. So, this is why Public Bank has the lowest cost per income ratio (~ 30%) among the banks in Malaysia, with the the cost per income ratio for other banks ranging from 40% to 60%. It is good for the owners of this stingy bank and its shareholders, but causes a lot of inconvenience and headache to its customers.  I will not be at all surprised, if some of the Public Bank staffs are using computers older than Windows XP computers.Still, Public Bank Visa Signature Card is one of the best credit cards. Too bad, I am not qualified for it.  This post has been edited by kart: Apr 1 2017, 03:35 PM |
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