of course not, as the supp card is based on the principal, the credential are upon the principal

www.agoda.com/maybank

More or less same here.

So it was after I got rejected that I found out about this credit rating thingy and having no rating is bad. You probably get the best rating when you're 80% drowned in debts but able to service them on time.

Recently, some casual talks with a bank officer reveals that they don't need any supporting docs if I have MYR1m worth of deposits with them. Not maybank2me though.

Minus the goodies, Direct Access was the "best", but I guess you guys missed the boat. Was just talking to my classmate about it the other day. The father of "free for life" cards, I think.

U can pay some utilities using Amex via M2U instead of Jompay n these are entitled for CB.

RM1m deposit -> interest >RM36k/year, so not limited to 2 CC issuers.

Isn't the limit based on income, not interest earned?

The problem is some of the utilities bill did not have in M2U list there.. Only Jompay available.

Interest earned is still an income, not taxable for personal.

Banks will request payslip/EPF. From which of those will your interest earned show up?

Man, you're really GOOD with numbers. I just thought they pluck a big fat figure from the sky.

No, his response was for my statement that 1 bank I spoke to say they don't need any docs if I have MYR1m deposit with them.

But yeah, somehow, I feel banks don't recognize income from FD. Like I say to myself - they look at credit rating, not debit rating Some people who manages their finance well won't be in debt and don't buy houses, so they have minimal credit rating. I only have credit card bill that rarely goes above 1k. And not to say I manage my finance well. I just buy what I need and not what I want. I'm a cheapskate.

This post has been edited by beLIEve: Sep 21 2018, 11:08 AM

Some people get FIRE-d before retirement age and live on Passive Income.
Some passive income are not subject to income tax and not in Form B/BE.

It is not difficult to prove >RM36k FD interest/year.

FIRE: Financial Independence, Retire Early

This post has been edited by ClarenceT: Sep 21 2018, 11:10 AM

There are 2 categories.
If you need to apply for a CC, Credit rating is very crucial.
If you get a CC "by invitation", they offer based on the assets that you are having.

Ahhh thanks again for your clarifications bro.

I think I asked about this invitation thingy before. They told me to put in X amount of deposits, then they will invite me. So it's like asking them to invite me IF i meet their criteria, not they invite me.

My friend was invited before, I don't think he asked to be invited. Own lots of houses (neh, a few years ago before the property boom, they call it "use bank to make money"), so has a big fat loan with the bank. The family's been doing it for years before the property boom, so I think they're quite loaded by now.

This post has been edited by beLIEve: Sep 21 2018, 11:36 AM

SST is annually or 1 time only?

annually

Getting rejected 3 times now. I have the petronas visa card, and salary is banked in to MB too. Should I keep applying or wait for a while first?

No point keep trying.
Better to have a cooling period of 3 to 6 months.

You may search back David83 's case how he gonna apply , appeal, re-appeal, double and triple appeal and lastly reduce limit all the way to the heck RM1k only.

At the end of the day, I had cancelled that card because not willingly to pay RM 25 and low utilization.

hmm.. i think the card brings benefit right?...

you don't use points to offset RM25?