I heard the minimum amount for FD to be pledged for all PBB credit card has been revised to 20k. Is it true? Anyone can confirm? How about PB Visa Signature? Also revised to 20k or still remains 30k or 35k?

The limit is actually 10k per transaction and 20k per day.


Yes, possible but subject to bank's approval. Do note that Public Bank has a lot of other charges besides the stamp duty for FD pledge compared to other banks. So need to calculate if it is worth it.

I have experienced this first hand recently. My application was rejected even with FD pledge because I am not able to provide income docs.

Other banks only charge RM10 for stamp duty while PBB charges 0.5% of the pledge amount. Min amount to pledge is 20k even for a gold card. There are a bunch of other charges too for PBB like stamping fee, documentation fee, banker's cheque fee etc. As they take some time to inform me about the outcome and need to wait for the refund, I lost a few weeks interest for the FD as well. So for those considering pledging FD to get PBB card, beware.

To add on, all the fees are not refundable except for the 0.5% stamp duty even for unsuccessful application. I was told earlier that the money would be refunded should my application fail. However, they fail to mention that not all of it would be refunded. I lost more than RM100 for the application (fees + interest lost on FD). Public Bank sure know how to make money from its customers.


Are you sure different branch has different charges? I thought the charges should be the same for all branches.

This post has been edited by Nom-el: Oct 31 2017, 05:30 PM

Why do you need to pledge separately to get the cards? Is this a requirement from PBB? I don't know about PBB but for some banks, if sharing the same credit limit, can apply for multiple cards using a single FD pledge.