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



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

Hi everyone,

I have been mulling on this for quite a while already and opening this opportunity up to gauge feedback. Financial services evolving in the FinTech era and more new products are coming out beyonds credit/debit cards.

Would like to invite proposals/TS for new topics on eMoney/ePayment services. Accepted proposals would be those under BNM list of eMoney issuers from banks and non bank providers.

Example of such products would be BigPay which is a product bought about by the development of FinTech. (Debit + App) Emerging products include MBB QRPay and the TouchNGo app.

The above offer will remain open until further notice. Interested parties, please PM me.

This post has been edited by hye: Jun 2 2018, 10:57 PM

Actually why apply so many cards in the first place ?
Do be aware that all the applications will be visible across all banks. Some banks are very "sensitive" if you perform such act as this constitute a high risk behaviour. If one ask the bank's CS why the application is rejected, (if they do inform you) it'll be based only on the official notes that is left in the system.

There's a misconception here. Please read carefully the T&C when you sign up for a credit card.
Annual fees are never "removed" by the banks unless the card products specifically says that there's no annual fees charged ever. For cards which annual fees are applicable, banks have the discretion whether to waive and if they charge ... they are allowed to charge within the range of that particular card annual fees. It is stated in the credit card product information after all - never about the case shortchanging the consumer, the consumer did not read and understand what they sign up for.

Don't believe me ? Read the T&C of Citibank's Platinum card line by line. Are they supposed to give you free AF with no conditions ?

Practice your consumer rights and be mature in deciding whether to keep the card or cancel it if the annual fees are applicable. Choosing to do foolish actions without reflections is just a representation on your level of maturity and understanding.

This post has been edited by hye: Jun 25 2018, 09:45 PM

Announcement

As of today, this section has been renamed to include prepaid cards products which also include the ability to add "Prepaid cards" tags as well.
Section is now called "Credit Cards, Debit Cards, Prepaid Cards and Loyalty Cards"

On the same note, I'd like to reiterate members who are interested to open threads on e-Payment/e-Wallet product to PM me for application. Will give it due consideration.

Thanks

Yes, you need to call in to effect the full payment of the instalment.

"Usually" doesn't mean it is the right practice. Nor as the consumer, you should be a party to allow this to continue happening. Being desperate to get that gadget/item is not the excuse to allow surcharges to creep in.
When merchant accepts credit card payment they are not allowed by the banks and MC/VISA International to impose surcharges and this is something I repeatedly would like to educate MY cardholders on. For too long merchants impose surcharges (and still do) for credit card usage or credit card instalment plans. (e.g Seng Heng still imposes surcharges if you subscribe to their credit card instalment plans, masked as "management fees". Seng Heng cannot afford the bank fees? Think again.)

All cc users have their own ideas on what they want to gain from their spending. This idea can be dynamic. Not everyone is the same nor every card rewards are the same. Rather than you come here and ask what's the best, ask yourself what you want. Then what is the card product that best suits your spending ability and get that card if your income allows you to get it. If there's a mismatch between what card you want and your income then work harder.

Credit card application approval is not solely depending on your income. Part of the evaluation looks at your fixed income per annum. As a whole, there's an individual credit worthiness evaluation system. What this means is that even if you meet the entry level card income requirement but you have issues (e.g bankrupt, blacklisted, etc), you still would be approved for the credit card you want.

Let me ask you ... is the bonus a permanent income ?

This post has been edited by hye: Sep 18 2018, 09:46 PM

To begin with, need a Sen Heng customer to initiate the complaint with all the evidences to report to the authorities . I am not a Sen Heng customer yet and if I am, I will do it.
And the purpose here is to initiate the awareness to our readers and collectively they become the solution.

Me alone won't make a difference. Why don't you bring up the issue yourself too instead of asking me to do it? And why only BNM ? Why not the banks ? Why not VISA/MC ?
Be part of the solution and walk the talk - everyone looks up to you here as everyone sees you have a "big" voice and lots of innovative solutions. I suggest you to use your talent/solutions and post here to all of us the proven outcome of your efforts. It'll be something to look forward yeah ?

This post has been edited by hye: Sep 19 2018, 12:53 AM

One thing ... not noticing the annual fees although not using the credit card is not an excuse. As long as the credit card account is active, whatever charges that is due to the account will be due. It's just the annual fees here but what if the card has some fraudulent transactions and it took your gf months to realise it ? Read your T&C, it clearly states that card holder need to be aware of the transactions that occurs in your credit card.

The short answer to your question is your gf have to wait for 12 months to clear the bad record. Payment history in CCRIS will take 12 cycles to "reset" itself.

Happened to me before. I acknowledge the mistake, called the bank for AF waiver but I also knew they could not reverse the record that is displayed in the public system.
Mistakes happen, so move on. Others learn not to do such mistakes.

Keep track of your credit card anniversary and its impact. I am aware there are "card collectors" (I used to be one) here, not using or no purpose to hold the credit cards then cancel them and save a headache.

Kid H3artBreakKid, your thread has been reported because you open a thread just for yourself. When people reported you, you did something wrong.
The rules are there and posted in this section - very obvious you don't read them or assume there's no rule at all. Not knowing there's a rule ... only an immature kid will want to say that.

All threads here are regulated and without an approval - you can't open a thread.

This post has been edited by hye: Nov 5 2018, 04:57 PM

To all our readers here who is celebrating the Chinese New Year / Lunar New Year

May your heart be filled with happiness, love and contentment as you celebrate the new beginning. Gong Xi Fa Cai!

Happy Holidays to everyone !

This post has been edited by hye: Feb 5 2019, 11:09 AM

The recent post is a good sharing on court ruling on fraudulent/lost credit card issues. I can't really recall the Diana v Citibank case ruling in detail but this goes to illustrate in applying caution when making reference to court ruling, especially when you are not a trained/qualified legal professional. Bear in mind, banks been improving their T&Cs since then to plug any potential leakages.

The sharing above is for member's reference/reading. Mature discussions welcomed.

This post has been edited by hye: Aug 6 2019, 06:39 PM

It initially appeared in its own thread which is not allowed. It is moved here for the content value.

Permission should come first ... not open thread & seek permission. Made it clear recently that opening threads without permission with be dealt with swiftly.
Well ... application for Affin Duo card thread is open, please send application to bro M&M or myself. TQ

Sorry bro Human Nature, appreciate your contribution but you already have 2 threads under your belt. I can't allow you to own another one unless the old ones are given to a new TS.

This post has been edited by hye: Aug 28 2020, 10:19 PM

Happened before to other cc products from other banks. Popularity of card doesn't mean anything .... just a popular card that's all.
However, now most financial institution staff operate on rotation basis or WFH thus the processing time is longer than usual.

Sign up gifts are a great incentive for most but do note that you are signing up for a cc via an 3rd party agency vs directly with the bank itself.
I would be reading the T&C very carefully and see how will they handle my personal details.

Dear members

We have recently approved the TS application for the Affin Duo cards and do join me in congratulating alandhw in his new role.

The thread for Affin Duo cards will be up once TS is ready with his content. Do give your support to the new TS.

The article did not specifically mentioned whether the debt are incurred through cc debt or otherwise.
Article aside, holding cc need to have self financial discipline, PERIOD. And a very realistic and honest self assessment of your spending / financial health check.

Trying to understand the reason for the question.
What would be your concerns if AirAsia is the issuer (for clarity this is a co-branded card issued by HLB) or a bank issue the card. (HLB or whoever) ?

The best rate for instalment is 0% which is offered outright with the right promo. For items which does not fall into the 0% category, sometimes bank offer promotional conversions - these are not secret options but they come and go with bank promos. You'll see instead of being imposed 18% p.a. on reducing balance, the bank will apply a fixed x no. of months for lower % interest. You may save some interest if you intend to go into a long instalment period due to fixed interest vs reducing balance calculations.

If you want to lower your instalment plan from 12 months - easy. At month 6, call the bank and ask for early settlement and pay the remaining 6 months balance. Or another way of doing it (provided your card does not have other transactions) - pay 2 months instalment every month for 6 months (or whatever combination). At month 6, call the bank and ask for early settlement. Note that instalment plan comes with fixed interest - if yours is not Zero%, you won't get a interest discount just because you pay early.

Just an advisory - while instalment plans are a great feature of credit card - do be mindful of the long term impact to your personal finances.
Making that decision purchase is a personal choice and the financial consequences are yours to shoulder. Accusing the bank of promoting debt trap is just not realising own's mistake.

This post has been edited by hye: May 22 2022, 09:42 AM