Wishing our readers who is celebrating the festivities today, Happy Deepavali!



This post has been edited by hye: Oct 18 2017, 10:27 PM

Supplementary card no record on CCRIS.

Today I first use the pay wave function on my credit card. While it is convenient, I notice a drawback, for example, if I lost my card without knowing it, someone who picks it up could just buy something opting to pay by the pay wave function even he does not know my PIN number as long as the value of the merchandise is below the capped amount. So i do not actually see it more secure than the signature method which has been phased out though it was claimed signature could be forged.my question is: By using pay wave, is there a way for the cashier to identify the identity of the payee in relation to the identity of the card holder. And for PIN number too, my sibling who sometimes uses my card (I know it's not right but sometimes just want to utilise the features of the card whose quota is still available 😝) do not need to imitate my signature like what was previously done, as long as the PIN number is known and payment will be made as if the card belongs to the person who swaps it ...

FYI, Paywave only can be use RM250 and below transaction, not more than that amount

The logic is pretty simple. We should keep our card as best as we can just as how we would keep our wallet that's full of cash as safe as we can. You see, when you bring cash, say RM500 at any given time and your wallet is stolen, you lose your cash immediately unless you are able to catch the thief and get your belongings back in which happens very very rarely.

Meanwhile, with credit & debit card, you have some sort of security. First of all, the wave function only allows payment RM250 and below without pin. So if you were to lose your card, the max amount the thief would be able to use would be RM250 max. The best part is, if you are quick to aware that your card has been stolen, you should call the bank promptly to block the card. This buys you some time. I believe anyone who steals other people belongings will immediately go as far as they can to avoid being caught hence the time they take could be useful for us to quickly call the bank. Well, let's say your phone was stolen as well, you could always get anyone's help to borrow their phone and make a quick call to the bank to block your card.

It's our perception towards these cards that's important. Of course banks are always finding ways to improve the safety of the cards but it doesn't mean that we shouldn't take any action on our end.

Also, PIN based cards/transaction is definitely more secured than signature based as signature base cards do not have any limit as the pay wave mentioned above and your signature will be behind your card which could take a few minutes for anyone to quickly learn to forge your signature. Furthermore not to mention that majority of merchants previously do not even bother to check/compare the signature on the transaction slip vs the signature behind the card. With PIN, it's near impossible for anyone to guess your PIN especially if they do not have any background about you (sometimes some people tend to use DOB as PIN number).

just got my OCBC mastercard titanium approved. nice.

this one is no annual fee one.

time to cancel my OCBC 365 Mastercard.


visa platinum like not much benefit rite? amanah at least easier to get rebate.

This post has been edited by westlife: Oct 20 2017, 12:20 PM

Hi guys, may I know when u all submitted online application for new credit card did u all cross the copy of ic email to bank? If needed how should it be done? Thanks..

i cross top left corner and write what is the purpose of the copy eg. for bank A visa signature card application only

Hi, just wondering will lowering credit limit on 1 bank hurt your credit score or lower the chance to get new credit card from other bank approved? I was thinking lower my hlb limit and apply higher limit on my mbb cards

besides, if i just changed my job recently, reaching 6 month now, is it high chance getting rejected by bank a ? the public bank cc form need fill in year of service somore sad

This post has been edited by hakkai0810: Oct 23 2017, 12:00 AM

Mm.. 250/transaction, not per day right?

Thanks mate, this explanation is very thorough

Hi guys,

Happy Sunday. I would like to understand more about Easy Payment Plan (EPP) paid by credit card. Let say if I walk in to SenQ/Senheng to buy iPhone 8 with EPP. Do they need me to sign and documents when i but on the spot? As I am holding a supplementary credit card, do they need the principal(Dad) of the credit card to presence?

Other than that, if i buy thru online, i will just inform my dad and key in my credit card number.

Further to the above, if I am supplementary of this credit card and swipe RM4,000 product, can i do BT to other bank under my name? As supplementary credit card is from my Dad.

Thank you in advance.

Hi all,

I want to ask regarding the docs i need to prepare to apply for credit card. If i dont have income tax, what docs do i need to prepare ya?

Thanks!

Payslip or EPF statement and your IC. Some only require your IC as they can print your EPF statement from the kiosk.

I see. Usually for CIMB cc online application, how long does it took ya?

It depends. Give it two weeks.

is hong leong essential card support FPP?

Depends on merchant.

If merchant don't have FPP then PBB cards have 0% installment for converting purchases into installment. Not sure the min. amount or tenure.

MBB also can convert but got interest.

EDIT: Upon checking HLB website, did not find any info for converting purchases into installment. Guess is a NO for FPP.

This post has been edited by rapple: Oct 24 2017, 03:51 PM

Credit card application for PB Visa Signature was unsuccessful though I fulfil the income requirement. Any suggestion on how to get it approved besides pledging FD? Been applying since early of this year 😔. CCRIS all 0, housing loan below 100k, BT below 10k, like this also don't approve?

Which is the best credit card for shopping on US-based websites? I noticed transactions failed several times for certain US sites like Amazon etc using Maybank & CIMB cards. Would credit cards issued by international banks like Citibank, Standard Chartered etc be any better?

Thanks.

I think Citibank would be the best cause with Citibank you can view your transactions real-time and there is no 1% markup if the website allows payment in Ringgit unlike Standard Chartered.