Can you call CIMB CS to know the MCC of payment to PTPTN via PTPTN portal?

I reported in my previous post before, that 5% Online Cashback for CIMB Cash Rebate Platinum MasterCard is given for Caring Pharmacy Estore, http://estore.caring2u.com.

The differences are:

- The online payment gateway has been charged from Public Bank to iPay88.
- Stated as IPAY88*CARINGPHARMACY SELANGOR MY. Previously, it was CARING PHARMACY ESTORE KUALA LUMPUR MY.
- POSMODE 812. I am unsure why CIMB CS officer gave me 3 digits for POSMODE, instead of 2 digits.
- MCC is 5311 (Departmental Store), as given by CIMB Customer Service Officer.

How can an online payment gateway be classfied as a departmental store?


Luckily, at the end of last month after my statement date, I still got my 5% Online Cashback for CIMB Cash Rebate Platinum MasterCard for this transaction.

This post has been edited by kart: Jul 15 2017, 03:57 PM

For the first RM 15 (for keeping the card for one more year), if the cardholder chooses to cancel CIMB Cash Rebate card anytime between the second month and a year, will CIMB claw back the first RM 15 from the cardholder?

Alright, you plan to keep your CIMB Cash Rebate card in the drawer for a year without using the card, and cancel your card one year after the first cancellation date.

I remember one of your great advices, which is to cancel unattractive credit cards, so that we can become "new-to-bank" cardholders after 6 months, and enjoy better card sign-up benefits. So, I plan to cancel my CIMB Cash Rebate card, after my next statement date.

Yes, you raised a good point there. Well, there is no method which is 100% perfect.

Correct me, if I am wrong. In terms of cash rebate, the only worthy credit card from CIMB is this CIMB Cash Rebate Card (till 31 October 2017). Since CIMB is downgrading the cash rebate of this card, there is no other worthy card from CIMB anymore. So, I may not have the need to apply for a new credit card from CIMB in the future. I do not suppose that CIMB will introduce a new credit card, that is worth our consideration.

It is extremely unlikely that CIMB will reinstate the online cash rebate of this card, even with mass cancellation of this card.

It is good for you, that CIMB Preferred Visa INFINITE suits you well.

For me, I only have CIMB Cash Rebate Card. With my meagre income, I am not eligible for Visa Signature card, what more Visa Infinite Card.


Yes, I recall during my online application for CIMB Cash Rebate Card, that CIMB considers "new-to-bank" cardholders who cancelled their credit cards, more than 2 years ago.

Anyhow, if ever I do apply for a new CIMB Credit Card in the future, getting better card sign-up benefits as a "new-to-bank" cardholder or not is not so important to me. What matters most is the cash back feature of the new credit card that suits my spending.

For now, I do not foresee that CIMB will provide cash back feature, that is worth our consideration.

For those CIMB Cash Rebate Platinum MasterCard Credit Card holders with negative outstanding balance (due to cashback), you can call CIMB CS to transfer the negative balance to your CIMB Savings account.

For sure, you have to very insistent during your conservation with CIMB CS. Otherwise, CIMB CS discourages the transfer, and says that negative outstanding balance will be used to offset the future purchases charged to the credit card. Yeah right, we definitely will not use the credit card anymore, since 5% online cashback is abolished by CIMB.

Less than a week, you should see the amount being credited into your CIMB Savings account, without any service fee incurred.

This post has been edited by kart: Nov 24 2017, 05:50 AM