Citibank has increased twice for my credit limit
However, my spending is very minimum as usual

Just curious, if the credit limit keep increase but i never utilize, does it affect my ccris or anything negative to my credit score?

It's better for your debt ratio.

if u paid full and on time dun think will affect ur credit score.

Citibank also increased my limit too but still i use it as usual as long no overdue.

Higher limit better. Keep your limit up for emergency and such.

Spend as normal of course. Just because you have a higher limit, doesnt mean you must spend more.

Since its Citibank, ensure you ask for your free yearly subscription. If not mistaken you must use minimum 12 times a year.

I got 4 credit cards:

HSBC - 75K limit
Citibank - 65K limit
Maybank - 35K limit
CIMB 16K limit

Total Credit Card owing today RM0.

I agree that as long as you do not overspend your credit card and know how to control. The Higher the better....

I dont like high limit. Will ask them to temporary reduce when i travel, to about 30k. This to prevent the any fraud when overseas.

Also i use a low limit 20k cc for internet transactions only.

Never thought of this. But this is a good advice. I will definitely ask the bank to temporary reduce my card limit next time when travel. and only bring 1 card.

No la. You need a back up card also. Just keep as back up. 1 card kantoi you become begpacker

hahahaha...true also. I think more like begger than begpacker

They increased my limit but I reduced it to 3k because I usually just clear it whenever I log in.

I reduced it ever since one of my card got used in online fraudulent transaction. Was very annoying to deal with the bank even though the card was never used in any online transaction before, but the bank argued that I did. It was until when I said everything is recorded and will take legal action that they suddenly turn tail and become a gentle chicken.

For travel I have to increase my credit limit instead of reducing it because it's so low.

As long as they increase doesn't affect my credit score/ccris, then i wouldn't mind..

i won't use it anyway lol

tumpang tanya

for me la, i never use CC and never will, do you think i need to apply one just for future wanna apply loan or something

truth be told, i just wanna use to buy new phone only atm

tbh if you are eligible, you should at least apply one for emergency use

that's the advantage of credit cards what. if got fraudulent transaction it's not your money anyway. if you can prove you did not do the transaction the bank won't penalise you.

The issue is they didn't want to consider it fraud initially. A few ppl have gotten themselves into this situation where their case was not considered fraud. Sendiri tanggung

It's easy to say unless you kena before then you'll know what's it's like to talk to a brick wall

i kena before. 3000 USD. Called to cancel my card immediately. They issued me a new card. I submit dispute form. They ask me don't need pay that amount until it is resolved. 2 months later they absorbed the cost. I only made one phone call and some emails.

I cannot recall if any illegal charge to my cards.

Not bother about credit limit either because always pay full. Amex has no limit though other bank said it is just not stated. Other bank got limit.

Yeah

Did the same later but when called them they totally said it wasn't fraud, and gave illogical response to my predicament

And since there are some ppl I knew end up tanggung although it was relatively menial sum, I don't wanna deal large values hence I got my credit reduced

I had a banking friend, he said fraud in Malaysia is so common, they make it hard to claim. Unlike in us, you just follow the instruction as per visa for charge backs for many reasons, and credit card is a great protection for transactions. Here some ppl had to file that document along to the bank just to mention that they know the law behind it so they take the issue more seriously.

It's good you had a smooth experience with the bank though

high credit limit is good

spend how much you like up to the ceiling but just make sure zero debt before DD

If you have self discipline on spending, higher credit limit does bring alot of convenience especially purchasing high priced items and definitely a necessity when travelling. Imagine booking for whole family hotel room plus air tickets.
Helping friends/corporate purchase big ticket items on Amex is good as well. Accumulate those free air miles foc.

Gooding. Modern lifestyle is to spend money money u don't have. Spend now. Worry later.

This I kind of agree. Spend all the money and keep owing them money. Then die of a sudden death....no need to pay.

True story of a friend...

This post has been edited by PHI_1.618: Mar 25 2019, 09:11 AM

So in all, for banks to determine credit worthiness.. higher credit limit is good?

what happen if i have 100k limit and before i die, i use all

It is good.

Very convenient especially when u r buying stuff with easy payment plan 0% interest

Convenience is 1 thing, but as far as credit worthiness by banks go, is higher credit limit good?

Higher limit won't affect anything, as long as you paid in full each month.

Get as many high limit credit card as you can.

One day, if you need to lari to Vietnam or somewhere. Withdraw max the card before you lari.

when it comes to credit, spend within your limit. that is all.
credit limit only helps in case you really need to spend big to pay something urgently.

btw, alot of ppl are misinformed about ccris. ccris does not do any credit rating. it just gather all the loans and credit card you have and provides a report. when it comes to rating, credit agency like ctos is the one who will give the rating. banks often have own rating but they also will check credit agency rating for comparison.

This post has been edited by O-haiyo: Apr 22 2019, 03:24 PM

For me its good.

Our rep to banks also increased i think. They check ur record first b4 they increase ur cc limit. They wont suka2 increase ur limit without check ur cc record

bad if u no self control

Risk when cars stolen or card info leak, I had a MasterCard that has been used twice by somebody else, fucking bank leak my info. After the first time I reissue my card after a year of not collecting that card, it's being used again, card still with bank now tell me who is the criminal?

I don't want the limit to be too high as if u unable to proof u aren't the person using it, u had to pay.

i just succesfully increased my limit prrmanently from 5000 to 7500.

reason is because i had to buy a lot of furniture for my new home. EPP 0% installment is a convenience, but it will reduce your credit limit.

in US, having higher credit limit is good because their rating system got something called "credit utilization". the lower your percentage is better. but in malaysia our ctos and ccris do not care for that. they only look at payment habit and outstanding balance.

just my 2 cents.

For me it's good, the balance transfer option between banks are one of the lowest rates you can get if you need to borrow money.

High credit limit is not the problem.
Problem come when u shopping spree knowing that u actually cant pay for it

Gotta pay service tax RM25 on each card?

I prefer to use maybank credit card, got treat point... at least can exchange some jusco voucher

to reply your question

it's good to have single card which have high credit limit

good for business trip usage. - my 3 weeks business trip can cost up to RM60k

in the end .. as long as you never have any outstanding balance ..then it's good

This post has been edited by fantasy1989: Apr 25 2019, 05:12 PM

high credit limit better.
I used to travel for work frequently last time.
higher limit comes in handy when I need to pay for hotel, meals etc in advance before company reimbursement. or sometime i organize event where I need to pay in advance for my friends. no need to fork out own cash for it.
besides, if you have the right discipline in your spending. why worry?

my principle is, i only spend for what I have. Credit card is only for convenience, its NOT my actual spending power.

Lazada voucher better la

This is no choice la....u have to. That's RM100 per year for me.

my company will pay employee credit card for this tax. max is rm110 claimable

Change ur perspective..apply it to accumulate point and redeem.. just make sure u pay in full

Just pay in full

Rest of the thing is good for ur emergency use.. u can req to stop that credit limit..depend on u

Any high limit cc that you guys can recommend. My Maybank only 15k, request for increase limit they give like 3-4k last time. Apply for standard chartered, only got 5k...

Got a solution for you.

Get a Bigpay Prepaid Debit card Mastercard. You can only lost what you put into it and for overseas spending, you got foreign currency exchange rates about 2% lower than any other credit cards that I know of.

You shouldn't just bring 1 card. System may be down. Bank may be down. Who knows?

I always bring a Visa and a Mastercard and from different banks.

In advanced country, if you don't have card and only cash, they think there is something wrong with you. May be a drug dealer. So go get a card

Errr even mom and pop roadside stall pun cashless?

common to pay with card for a bottle of water in advanced countries.

1. Higher limit more important when you travelling. Incase there is an emergency.

2. You definitely need more then 1 card when travelling. I usually bring 3~4. Including my ATM card.

When i was staying overseas 20 yrs ago.. alrdy cashless, they using debit card.. just tag and deduct direct form bank.

wow...your credit rating must be very good lo...
me is the person that cannot have high limit..got itchy hand
learn my lesson well and now cut all CC and making monthly installlment to pay back

Hahaha...I also don't know what is my credit rating. I assume that Bank scare I "not die" hence keep increasing my limit.

I was in the same situation as well when I just graduated. Burst my very first OCBC Credit Card...with limit of 3.5K hahahhaa....

Walaooo...that time scared like shit. Scared being sue bankruptcy (now thinking back, damn childish. Bank probably won't give a damn on that outstanding and take the effort to sue that person bankruptcy for 3.5K ), dare not to tell parents, malu to tell friend that my credit card cannot use. Then need to slowly pay back on a monthly basis and scissors cut the card into half to stop myself from using when I was paying back the debt. After I fully settled my outstanding, I made a promise to myself, I MUST fully settle my CC every month. Zero owing. Glad that I am able to keep that promise till today.

This post has been edited by PHI_1.618: Apr 30 2019, 11:15 AM

a big thumbs up for you bro!!! hope i can like you one day..still long way for me to pay off the debts haha..
and yes cutting the CC can help me to manage my $$ better..

This answered my question. Thanks!

good luck bro. I am sure you will reach there soon. What needed is very strong self-discipline.

Bank valuates their risk of credit card on you based on :-

Repayments of your credit card.
Utilization of your credit card.
The higher the limit of course the better. This proves that you are able to manage your credit card well if utilization of your credit card is not high. EG Less than 50% with no late payments.

jus use it to build ur credit score. wil help if u wanna loan a house

I basically use credit card as cash. Meals, grocery, petrol, shopping, insurance all tied to Amex from maybank 2 cards. 5% cashback for all transaction on weekend, RM50 cap, that means u need to spend RM1k on that card to reach RM50 cap. Bad habit is you will start thinking everything is discounted 5% (which is not entirely false!)

I think its quite easy to hit RM50, some months u buy new gadget, some months you buy flight tickets, just do it in the weekends.

In one year, u get about RM600 in cashback not including sometimes Maybank do some cashback promo for Amex, like spend minimum RM1k overseas for RM150 cashback.

RM25 credit card tax easily settled, no bank fees - free for life. Not to mention the TREAT points you get to accumulate and exchange for 60" TV later

Besides, I hate having to withdraw cash from ATM, sometimes need to rugi RM1, why not go cashless and at the minimum gain points, and cashback.

that is a good habit.... Dont pay just min payment... The interests charged from bank is killing u

I like CC due to what u said too.... Withdrawal at ATM is very fuss

I do the same. I use CC as cash. I will PayWave whenever it is possible..even RM2. As long as the merchant allows. In another hand, I am also helping Malaysian to boost our cashless adoption. Hopefully we will get as much cashless terminal as possible...especially Apple Pay!! When are you coming??

This post has been edited by PHI_1.618: May 7 2019, 10:17 AM

do you guys realized that there are eyes give a kind of look at you when you are using your CC paying RM 2 payment?

So far I have not experienced that at those shops that I am going. Mainly big coffee chain like Coffee Bean and Family Mart.

Family is the best, they even ask with smile and politely waive or pin? And do you need waive transaction receipt?

Tbh..nope. Never try RM2, maybe like RM8 got la. I think some cashier also happy you use paywave, no need to deal with change, I also happy no need to deal with change. The person lining up behind me also happy the transaction was fast. Its a all-win sitiuation

just a lil update, applied for Maybank CC and they gave me the 2 cards one, Amex and Visa

so yea

considered you little boi2 here grew up

thanks for all the replies guys and also shoutout to my boss and colleague who brought me to apply

Glad to know.
When you are free, do head over to https://forum.lowyat.net/topic/4646971/ to check on some tips or latest promo regarding the cards.

y ahh.... ccris didnt stated the latest increased of cc credit limit? it had been few month

are u sure it has been increased?
else call the bank to check if they update bnm.

about credit limit, the more the better.
my total credit limit is about 600k from all the cards.
when your revolving credit limit is so high, most bank will easily approve your personal loan.
i tried applied cimb, 150k instant approve, alliance bank 100k too, but i didn't take the offer.

you can call the bank to cancel the visa
no benefit using maybank visa
else they will charge you rm25 for cc even though you dont use it

ya, veli sure... called up banks yesterday. darn! how come they didnt update mine record... crap la...

when banks increase your limit that means you have a good credit score, aka you pay your credit cards on time, the banks want to encourage you to spend more.

The banks won't decrease your limit if you don't spend to the max every month, just leave it be and keep your credit score up.

The extra limit will be flexible for rainy days.

can use 1 cc to pay off another cc ？eg use hsbc + cimb buy a car at 90k, next month use citi n maybank to settle hsbc + cimb balance then another month use hsbc + cimb to pay citi + maybank.....keep repeating then no need pay any car interest...

Can’t use a loan to pay for another loan. If what you suggested can be done then everyone would be doing it already since you’re not special and the only person that thought of that.

i think i read in the Maybank thread that someone recently tried to cancel one card and they said if want, must cancel both or keep both only.

No...you can’t. The bank is not that stupid la. If u try paying CC online or through machine...you have no option to use another card to pay.

Is that the Maybank 2 Cards?

yup the amex + visa/mastercard

Then maybe that's why. These 2 cards are twins. One goes, the other goes together...

...

This post has been edited by inspiron: Sep 26 2019, 09:59 AM