How to Apply for a Credit Card without Income Document


Since Year 2012, Bank Negara Malaysia (BNM) had tightened the rules to control the issuance of credit cards. I've shared about the minimum requirement to apply for a credit card previously. According to BNM's guidelines, if you are eligible to apply, you still need to submit income documents such as EPF statement, Form B or pay slips together with the application of new credit card.



However, not all banks impose such stringent requirements. Therefore, if you do not have income documents but still wish to get a credit card, there are 3 methods to do so:

Place FD in a particular bank and apply for credit card.


Sign up for EPF Skim Simpanan Persaraan 1Malaysia account and deposit RM 480 monthly into the account.


Sign up for a particular bank's product such as hire purchase or mortgage loan and request for credit card.

I'll go through the first method which is called FD pledging. There are a few banks that accept FD pledging, Maybank requires minimum RM 3000 FD placement while Hong Leong and AmBank require at least RM 5000 FD deposit.



I would certainly recommend Maybank as the minimum FD amount is lower and Maybankard 2 is one of the best cards in the market.




These are the steps to apply for a credit card by pledging FD:
Visit the nearest Maybank branch, tell the officer that you would like to pledge FD to apply for credit card.


Once FD placement is done, original FD slip will be kept by the bank, you will be given the photocopy version instead. Make sure that you apply for Maybankard 2 Gold.



After 1 week, the branch will call you up to sign for off set letter and pay for RM 10 stamp duty.



You should be able to get your credit card 2 weeks from the application date.


Please bear in mind that the credit limit of the card is equivalent to FD placement amount and if you withdraw the FD, you must cancel the card at the same time as well.

Sharing on the Maybank FD pledging.

or u have strong saving account with them. u need no other proof.

How many amount??

If shares trading account can???

Use sub card lor......haha

PBE gimme with no doc. but because celery thru PBE for a decade already la

real man use cash

This shit is tipu la ..... i got car and house loan with PB

Call me up so confident tell me you are our vvip so will give you free for life CC

Next day call say sorry you work in oversea so can you put FD ?

How much the credit limit for the card if i put FD ....RM7k

If only credit limit RM7k why i need a CC ? I got house and car with you and you scare i run away with RM7k credit limit CC ?

This post has been edited by cofin: Aug 27 2019, 04:32 PM

Just curious for this FD pledge, will there be any interest given for it?

ehh ... i got 20k in Maybank how come they dun approve my CC ..... =_=

Fixed deposit???

saving

Saving make sure 1million+ la

Edit. Reply to wrong dude.

This post has been edited by heliozguard: Aug 27 2019, 05:05 PM

your FD 20-30k u dont think is bigshot lah lmao

Yes interest given

My first cc.
When I first started work, I put 10k FD in Maybank.
Then bank called me to sign up for cc a few times until Ayam tidak sabar and said yes.

Reminds me of the time they kept calling to offer me insurance on my CC debt

cover up to few hundred k unsettled amount if anything happen

give me only few k credit limit wan sell rubbish like this

your salary masuk maybank ke?

I never apply credit card
My cimpany salary use CIMB
after some year CIMB post a credit card for me without i apply anything

Right now they have credit score system that can check for approval on the spot together with credit limit.

Put 250k inside conlanfirm dapat call within 2 weeks already la.