Is it ok to show offer letter when apply for credit card? Because offer letter they usually say strictly P&C so I'm not sure can show bank or not

Payslip also strictly p&c.. so no different

So is it like common practice here? Won't get sued by employer etc right?

offer letter is for bank to roughly know your expected salary.

P&C in this context is relevant to the company lah, e.g. sharing with colleagues if you use it to buy a BMW or show at mamak/kopitiam, company dont care wat. what can the company do to punish you for flaunting your offer letter in mamak stall?

banks have stricter policies than companies, it's the trustworthiness for them to keep documents confidential and whether you are deperate to get their cards.

I see. But I am applying through agent so is ok right?

well, that's the little trust u need to extend lor.

some paranoid about giving income documents to agents. some dont care does the "free gift(s)" worth the worriness and paranoia?

if not, just apply direct from bank. via email or online form.

Alright got it! Thanks for clearing my doubt

guys just got my 1st cc after stop using cc for dunno how many years

question is can i apply for another cc say 1 or 2 months later? or is they any buffer period for me before getting a 2nd card?

yes, you can. It's all subject to bank approval.

No more Instant Transfer fee for e-payments below RM5,000 from July 1, 2018

http://www.thesundaily.my/news/2017/12/08/...000-july-1-2018

KUALA LUMPUR: In a bid to facilitate migration to the e-payment space, Bank Negara Malaysia (BNM) has announced that the Instant Transfer fee of 50 sen for transactions below RM5,000 made by individuals and small and medium enterprises (SMEs) will be waived, effective July 1, 2018.

"To drive the migration to e-payments during the transition period, the Instant Transfer fee of 50 sen will be waived for transactions up to RM5,000 per transaction made by individuals and SMEs effective July 1, 2018," BNM governor Tan Sri Muhammad Ibrahim said in his keynote address at the 2017 Payments Forum & Exhibition held earlier today.

He noted that cheques are a costly payment option compared with e-payment, given its processing cost of RM4, in contrary to Interbank GIRO and Instant Transfer which would only cost around 30 sen per transaction.

The usage of some 120 million cheques in 2017 has translated into an enormous cost of RM484 million, which Muhammad deemed as a sheer wastage to the economy.

However, the usage of cheques has declined 42% since 2011 from 205 million to 120 million in 2017.

In view of the high processing cost for cheques as well as to hasten migration to the e-payment space, Muhammad said cheque fee will be hiked from 50 sen to RM1 from Jan 2, 2021 and "gradually thereafter to reflect the actual cost of cheque processing".

Meanwhile, the central bank has issued an exposure draft on its website, in which it had outlined the proposed requirements for the Interoperable Credit Transfer Framework (ICTF).

"To encourage Quick Response (QR) code payment, avoid market fragmentation and broaden financial inclusion, BNM has issued the ICTF for consultation. The ICTF aims to connect both banks and eligible non-bank e-money issuers to ensure reachability of bank accounts and e-money accounts," Muhammad said.

"For the first time in our history, customers of both banks and non-banks will soon be able to transfer funds across the network seamlessly by just referencing the mobile number and IC numbers of the recipients or scanning the QR code of the recipients," he added.

The platform to facilitate the shared infrastructure payment service, known as Real-Retail Payments Platform (RPP) is currently being developed by Payments Network Malaysia (PayNet) and is slated for completion in June 2018.

PayNet which is the merged entity between MEPS and MyClear will be the operator of the shared payment infrastructure.

Wow, this is an awesome news. Indirectly it saves my GIRO fees as well because I'm going to IBFT only when this comes into effect.

Hi..i got a noob question here...if my card credit limit is RM4k, i want to buy things worth RM7k, is it possible for me to swipe 4k 1st, bank in 4k into my credit card account, then swipe another 3k?

Well, I assume your stuff is RM 4k and RM 3k, yes you can but if it's one shot RM 7k you can't.

yup..2 stuff to buy..so i have to bank in 4k 1st to my credit card account OR after swipe rm4k?
For Maybank 2 cards actually..

This post has been edited by stevencjh: Dec 9 2017, 11:43 AM

On second thought, I have a feeling it may not work if it's split purchases because either way, the payment you top up will be offset as payment for your initial purchase. If it's a combined purchase it may work. Others can advise too.

For Maybank, please take note you can only use CDM or interbank transfer from other banks to top up limit for your credit cards. Use Maybank account transfer to it will not succeed if you transfer more than your outstanding.

This post has been edited by fruitie: Dec 9 2017, 01:44 PM

Icic..anyway i think i will use 2 cards to avoid the hassle..thank you for your advice Ms Fruitie!!

Do I need to submit income documents for every card application or only the first one with a bank
Rephrase : If I already have a card with a bank, and I wanna apply a card with a lower income requirement, do I need to resubmit my income docs?

Hi all, I have a question regarding outstanding balance calculation.

Lets say my statement day is 28th each month.
and the free interest period is 20days which is around 18th of the next month.

I know that if I don't settle the outstanding balance in full before 18th I will be charged interest in the next statement day.

However, if let's say I paid half of it before 18th, then pay the other half of the outstanding balance on 20th (after free interest period liao) then how is the interest being calculated?

Assume interest rate is 18%.

Is it 2 days X 18/100 / 365days X (half of the outstanding balance because half not paid after the free interest period) ??

U mean the same bank? Same should be no, just request add card with bank since it sharing same limit. Different bank of course need submit everything as fresh application

Basically yes, and also add on any new purchases between 18 to 20th. If you not paying full, new purchase also kena interest.

does that mean, in order to stop the interest being charged. I have to pay off ALL of the outstanding balance?