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.

Yes. Why?

Edit oh ya they know my income.

This post has been edited by Sycamore: Aug 27 2019, 05:37 PM

this helpful thread you come splash cold water

if not mistaken, bnm also limit some people 2 cards only, you know how circumvent this?

Show them the company offer letter wil do

because salary bank, after few months sure they will ask

bnm no limit and they dont care.
it is just an advisory for people below certain income level.

kecian, i last time salary only 2k, maybank and cimb already give cc without asking for income document.

ehh i thought got proper rules to block

later i go try, i really thought bnm hammer down

lol

If 80k can??

When is it?

250k is premier banking level edy.

80k can apply for hsbc advance and get free red hsbc advance platinum cc.

else can try maybank privilege

last time my first card was maybank flex card..
that time my income was 1.8k

my credit limit is 4k.

bought a sofa set 8k need to swipe 2 times.. hehe

How to swipe 2 times per month?

2 cards?

2 times in 2 day.

swipe max first day, go home pay up the card, the next day go there swipe max again

Iinm income below 3k is subject to the rule
Above 3k per month no issue

Your sofa set is it the one I always see on the internet..

Black in color... looking quite 03/04 style...

cimb every year call offer credit card bcz gaji masuk cimb, loan with cimb & saving + investment
belum habis call, dapat sms credit card application rejected
lol
maybank giv visa infinite but annual fee mahal gila
change to petronas ikhwan

Maybank staff spotted.

So nice, i open celery acc at cimb. They on spot kasi but is atm card nia. Now i feel sad jo

I think the limit is 2 issuing banks for income under 3k.

The second day no need inform bank?
Automatically it will reset to 4000?

i went cdm to pay up the card 4000 then next day swipe again.

no need to inform bank.

aiks

kons moderator said the opposite!!!

nevermind, trial and error la

if reject then reject la

Is it first day is 31st,second day is 1st??

nope, mid month.

else there is another way. if your credit limit 4k. u go cdm and bank in another 4k, your cc limit will be now 8k

What bank are you use??so good this method

my maybank c.card gold using close to 15 years ... 28k limit

standard charted bank platinum using 2 years .... 50k limit

citibank visa using 28k limit

alliance bank when get the card ... 15k limit ... terus gunting card ... never activated

now last week jalan jalan in shopping saw HSBC bank agent {applied the card} ... if approved card visa platinum free 24" trolley travel bag , if swipe 1.5 k in 2 months i wonder how much is the limit .


i just sharing my info and experience .

Not sure how each bank with them own evaluation

Rhb said needed FD pledge, 10k limit. Current acc and FD with them
Pb said EPF statement, 5k limit. No account with them
Hlb straight 50k limit. Only saving and cds account with them, sometimes FD

all bank cc is like that

How many money in your fd?

Usually 100k++
Sometimes 2 cert 100k++ but deposited not same day due to maturity and promo

Wow.what is your job???
I very envious you..

Daddykasi
No need envious tbh, 90% of the money inherited
But I'm seriously grateful to them.

https://www.akpk.org.my/content/464-bank-ne...-starting-jan-1

To further restrict their spending, they will only be allowed to be a principal cardholder from a maximum of two credit card issuers.



This post has been edited by Mr. Najib Razak: Aug 28 2019, 02:24 PM

So do you invest this heritage to let it grow more ?

Who jelly u
I have 2.6b from pak arab5

Of cos let it grow
Hopefully grown until manage to financially independent

Can donasi some? So I can retired early? Maste

Thru shares or mutual fund?

Give me 5 good reasons

U can actually deposit the money into the card first using CDM and pay one shot

never thought of that before, note that it was more than 10 yrs back.

now my card cl is much higher, never had to swipe twice

i tried applied for citibank simplicity credit card via online this morning.

turns out my application was unsuccessful.

do i need to have a savings account in citibank first?

what kind of doc have you provided in your application?

i managed to get prestige without any casa in citibank

I don't want 2 gold card. I want Maybank 2 cards Premier. How?

as long as your income is more than 120k yearly.
rm 800 af without unlimited lounge access is quite steep

So far only my ic.

Then i put in my details on current non banks debt: stating i got PTPTN.

Maybe see the keyword PTPTN straightaway reject LeL

u need to provide epf statement or payslip minimum

too little information

stating ptptn and even if they can access bnm central data

most probably still need some recent like job payslip...

The thing is, i did input my occupation details but i didnt see the options to upload epf statements or 3 months payslips anywhere though.

Got fedup, now i am applying bank islam platinum visa. The bank officer straight away invited me to come to nearest branch to process my application.

well then citibank online problem lo

I got ambank signature visa card 30k limit, they auto gave it to me when my housing loan approved ..I just cancelled it cos rarely use. Now I plan to get the Maybank shopee visa card..coz I frequently use shopee..