read again......... 10% cb OF WHAT?

Hi, asking on behalf of my brother. Wanted to apply for Credit Card for credit score/backup only

1. Annual Income: RM36K

2. Free Lifetime Annual Fee: No, but if have then better

3. Card required for: Not specific, just need it for credit record for future car/house loan application, and maybe for emergency purpose.

4. Existing credit cards (if any): Nill, this is the 1st

5. Interested in CC from: Any banks, easier to approve is better

6. Others: His intention to apply for credit card is solely for credit record, so no specific requirement like cashback etc. As long as approve should be OK. He tried applying through CIMB Clicks before but rejected so wanted to try for other banks. He do not have any loans at all, PTPTN also clear. He do not have any EPF though, as he is working on his own. Will it affect application?

Thanks!

This post has been edited by kapalterbang_737: Jun 15 2020, 01:08 PM

Would like a card recommendation or feedback, in case I missed out on important information from my own research.

1. Annual Income: RM36k.

2. Free Lifetime Annual Fee: Yes. I am also okay with a minimum swipe requirement (number of transactions) such as HSBC's Amanah Mpower Platinum CC's requirement for annual fee waiver. Preferably no minimum spending required.

3. Card required for: Cashback is a must. Petrol and groceries are the most common transactions. Occasionally dining and e-wallet.

4. Existing credit cards (if any): Have been using Citibank Cashback Platinum Visa for years, and was given annual fee waiver yearly. However, this year they refused to waive it. Thus, I'm looking for an alternative to this card with equal or similar benefits.

5. Interested in CC from: Any bank which is able to meet my wants/needs.

6. Others: Based on my usage, I have been getting around RM40-RM60 cashback monthly on average. Would prefer a cc that has equal or similar benefits to Citibank's Cashback Platinum, but with free annual fee or waivers.

Any recommendation is appreciated. Thank you.

This post has been edited by HalseyFrangipane: Jun 16 2020, 01:51 PM

How to prove that his income is >RM36000? Form B (2018)?
Note: if annual income <RM36000, there is a Bank Negara's rule for card issuers to comply.

>RM36000 Form BE 2019?
If yes, you may consider Maybank Islamic MasterCard+Visa, Public Bank Quantum Visa+MasterCard.

1. Annual Income: RM180K and above

2. Free Lifetime Annual Fee: No

3. Card required for: Business expenses of ~RM200k/month (online transactions).

4. Existing credit cards (if any): Maybank2Cards Premier

5. Interested in CC from: MAS American Express® Gold/Platinum Business Card - Based on research, this is the only suitable card. 2EM for every RM5 overseas spend, 1EM for every RM5 local spend. My question is, can the EM be redeemed to a personal Enrich Miles account? Or will it be a separate company account? (Correct me if I am wrong please)

6. Others: I just want to maximize my airmiles with my business expenses. My M2P would be perfect, but Maybank T&C restricts business expense, and I do not want to get into problems with Maybank if I get caught doing so.

His income is RM3K per month after deductions..

"He do not have any EPF though, as he is working on his own."

The problem can be here. So submit Form B 2019 (Note: Not BE) by 30/6/2020 (Grace Period for Form B is till 31/8/2020 due to MCO) then apply with this document.

1. Annual Income: RM70k

2. Free Lifetime Annual Fee: N/A

3. Card required for: Cashback is a must. Petrol and groceries are the most common transactions

4. Existing credit cards (if any): N/A

5. Interested in CC from: No idea

6. Others: Wish to find out what card is have most benefits (point, cashback) for big figure retail purchase

This post has been edited by monocat: Jun 17 2020, 11:20 AM

1. Annual Income: RM77k

2. Free Lifetime Annual Fee: Yes or can be waived

3. Card required for: Cashback, Petrol, Online, groceries, ewallet

4. Existing credit cards (if any): hsbc mpower platinum

5. Interested in CC from: Any

6. Other: Can suggest multiple different card for diff type of transaction.

This post has been edited by faeez87: Jun 17 2020, 01:24 PM

Maybank FC Barcelona Visa Signature, please note that no CB on Government-related transactions, e-wallets and utilities (electricity and water).

Thanks, meaning need to submit Form B together? If not bank won’t approve?

Credit card issuers are desperate to recruit new card members but they must comply with Bank Negara's guidelines and rules.
If the credit card issuer can accept the income documents, they may approve. The best income evidence is Form B/BE 2019 and latest EPF statement.

Don't use M2U or CIMB clicks etc online application, the Artificial Intelligence module can be too smart to reject an application. Go to bank branch or Card Centre (eg Maybank Card Centre at MidValley or 1Utama), the officers are very willing to help him as they may have sales target to meet!

Maybank2kard - 5% Cashback up to RM50 per month for all spending (excluding government and utility bills) during weekend with with AMEX credit card
Maybank Barcelona - 2% Cashback up to RM50 per month for all spending (excluding government and utility bills) for everyday except for month of May and August the cashback is 10% up to RM100. Suitable for big figure retail purchase on May and August.

To add on:
Government related trasaction, utility bills payment, and e-Wallet Topup (Bigpay, Boost, TnG eWallet, Grabpay, Lazada Wallet, etc) are not eligible for cashback for all Maybank credit cards

For petrol and groceries, can try Maybank Islamic Mastercard Ikhwan Gold Card, 5% rebate on petrol and groceries on Friday and Saturday, capped at maximum of RM50.00 per customer per month (Principal Cardmember only), you can also get 5% cash back via Maybank 2 Card AMEX (but in the end you need to pay 2 cards SST).

For large figure purchase, you can try Hong Leong Essential, below RM 7000 0.4%, RM 7001 and above 1%, unlimited. If your large figure transaction via online, can try OCBC titanium 0.1+0.9% unlimited. If you want to have auto-IPP 6 months and 0.5% cash back unlimited, can try OCBC cashflo.

1. Annual Income:
RM150K and above

2. Free Lifetime Annual Fee:
A Must

3. Card required for:
Priority for online transaction. Next insurance, utilities & government bills cukai pintu / tanah. Prefer cashback.

4. Existing credit cards (if any):
Public Bank Quantum Master / Visa
Maybank AMEX

5. Interested in CC from:
Open

6. Others:
Cashback card to address my requirements in item 3. PB helps but my online including e wallet is >RM600 monthly expenses. Only interested in 1 card

Thanks for your help.

Since annual fee is a must, probably standard chartered LFC and JOP not suitable to you, although it is waivable but not 100%. You can try OCBC titanium for online transaction unlimited 1%.

1. Annual Income:
RM70k++ (RM6k/month) and above gross. Net around RM5k

2. Free Lifetime Annual Fee:
A Must

3. Card required for:
Emergency. Or use airmiles or points when spending

4. Existing credit cards (if any):

5. Interested in CC from:
Open

6. Others:
Card for emergency only.

Anyway to sidetrack a little bit, is there any other products besides credit card that can be used for emergency purpose? I can't think of any, or maybe because there's none.

This post has been edited by Oklahoma: Jun 24 2020, 01:47 PM

Hahaha...
Ah Long, Pawn shops or Personal Loan.