Already submit your Form BE 2019 (due on 30-4-2020)? Make sure your declared income (gross) >RM24,000.
You may spend RM25 to get a CTOS report, make sure you don't have any financial commitment (eg Guarantor), court case etc.

If annual income <RM36k, max credit limit is 2x monthly income.
If annual income >RM36k, it is up to the credit card issuers but foreign-owned banks are more generously giving high credit limit. However, you can always request to reduce approved credit limit to your comfortable level.

Grace period is for late payment penalty only.
Once you don't pay statement balance by the due date, you already give up interest-free benefit.

Yes, for PB Quantum Visa using paywave at physical outlets.

Bank interest is haram in Islamic Banking.

Charge you a fee first, if you pay the statement balance by the due date, you get full rebate.

Eg Maybank Islamic Platinum Credit card
Monthly management fee is RM15000
If you pay your statement balance in full by the due date, you will earn a rebate of RM15000. Otherwise your rebate is less than RM15000.

This post has been edited by ClarenceT: Aug 25 2020, 07:21 PM

Give Form BE 2019 (due on 30/6/20) or Form B 2019 (due on 31/8/20) only. Some banks may ask for more documents, I will politely ask the officer to withdraw the "application".

A lot of people are not required to pay EPF, eg own business, rental income, bank interest, dividends, company director, freelancers, professionals. Some junior bank officers are really

This post has been edited by ClarenceT: Aug 27 2020, 12:14 PM

Nowadays forms are no longer pre-printed.
Keep pdf files and print the form when needed.
But the most important one is referral code or staff code if the branch/manager/officer has sales target.

Some banks like the applicant having "1" instead of full "0".
They can make more money if a debtor pay late penalty and additional interest/charge, but not >="3" - NPL.

"1" is still healthy and quite common for loan / hire purchase applications.
Just like we always pay the credit card statement balance in full, we assume majority of the card users are doing so, but in fact less than 50% of card users can afford to settle credit card statement balance in full.

Normally 5% fixed charge when withdraw cash from ATM, followed by 15%-18% interest calculated from the date of withdrawal.

Use Setel Wallet or apply for CIMB-Petronas MasterCard at this moment lo.

You have 3 credit facilities.
Number of credit cards is not an issue. Number of credit lines and total credit limits can be an issue.
M2 Visa/MC and Amex are sharing the same credit line from Maybank.
PB VS, QM, QV are sharing the same credit line from Public Bank.
You may request Maybank and Public Bank to reduce your credit limits instead of number of cards.

This post has been edited by ClarenceT: Oct 21 2020, 10:10 AM

Of course you can but it is up to the bank to decide. Pledged FD may be required, income requirement may be higher (ie not equivalent to RM24000 / RM36000).

Visit any bank branch, the sales or customer services staff will be happy to serve you.
Or try online application eg Maybank2U Card Application.

Very common lah they use foreign payment gateway, eg Apple, Dell, Taobao etc.

You should have Form B/BE 2019 showing your personal income >RM100k (your personal tax RM30k).
Use Form B/BE 2019 to apply for a new CC now.

As your Sdn Bhd (assume 100% ownership) is making profit, you still have time to declare a huge director fee 12/2020 (PCB to be paid by 15/1/2021) to yourself. Then you can submit Form B/BE 2020 on 1/3/2021 onwards. Use Form B/BE 2020 to apply for a new CC, you should be able to get Visa Infinite from some banks!

If you were the sole proprietor of your original business, all the profit from business was considered your personal income. But now the profit under Sdn Bhd, it is no longer considered your direct personal income. Sdn Bhd is a legal entity, independent from the shareholders and directors. Your personal income is from monthly salary and director fee and dividends.

If you intend to use CC actively for business-related transactions, you should NOT use your personal CC (T&C should mention this CC is for your personal consumption only). You should apply for Business CC. There are a lot of CC issuers, not limited to Citibank Business CC.

In normal circumstances, CC issuers approve a credit application based on income, not net worth (except premier/privileged/private banking customers).

This post has been edited by ClarenceT: Nov 26 2020, 08:20 AM

Must be less than RM250 per wave transaction

Read how Visa Inc define "Contactless".

https://www.visa.com.my/pay-with-visa/conta...20authorisation.

Affin Duo Visa (Online / Direct Debit)
Public Quantum Mastercard (Online), Visa Signature (Online), Quantum Visa (Contactless)
Maybank FC Barcelona VS (PIN / Direct Debit / Online)
Standard Chartered Just-One Platinum (Debit Debit / Online)
RHB VS (Online)

T&C apply. Read the cashback schemes of each CC.