Hi guys, just sharing here that our credit card system here is Toxic. Should the banks refuse to process your application because they deem that you are unworthy then they will decline or cancel (the better option) your application.

Edit: How should one build credit if the banks cherry pick the rich and bully the poor? They don't even reveal how they would consider your application
- No uniformed system
- Slightly Different document requirements across different banks
- The list goes on

The thing is, there's no options for redressing the issue. Public Bank forces an RM 25,000 FD to have a so-called "Secure Credit Card" but still subjected to approval.

Many other banks don't even offer that option.

I earn well above the required minimum annual salary of RM24,000 but my applications were cancelled. I wanted to start a petition but would anyone support?

What I suggest is that we need to have "Secured Credit Cards" with an FD Deposit of minimum of RM5,000

Gotten this Stupid Email from Public Bank

We would like to thank you for your application for a Public Bank card membership. However, we regret to advise that we are unable to consider your application.

We thank you for your interest shown and hope to be of service to you in future.

This email and files transmitted with are confidential and intended only for the use of the addressee. If you are not the intended addressee, please be advised that you have received this email by error and any activity of disseminate, forwarding or printing is unauthorized. Kindly immediately notify us at custsvc@publicbank.com.my.


This post has been edited by moonsatelite: Dec 7 2019, 10:59 PM

Now so easy to apply cc. Something is wrong with your ccriss.

There is a reason why your application was rejected.

Perhaps it could've been due to you past credit history.. or CCRIS.

Have you taken PTPTN Loan? Have you repayed/begun repaying your PTPTN Loan?

Have you taken any sort of loan for that matter?

If you have taken loans but did not repay them... you could've shown that to the credit company, you're a person who have a strong history of defaulting your payments/not paying back what you've loaned... thus no bank would even bother approving a simple credit card to you... (unless they're that desperate).

Putting in an FD is just a way to showing to the bank that "I have money, and I'm willing to lock in a certain amount to prove that I have enough money to service/repay the credit card."

Public Bank and Maybank is one of the more strict banks..

Try other banks instead.

Maybank is strict? Quite easy approved for me wor..

Or do you mean the higher tier credit card for the rich? If basic CC with 10k limit very easy approve one

basic is easy..

2 card premier and vi/amex the plat is quite hard to get

Take note requirement of 24k is AFTER deduction of epf/commitments/etc. Not your gross salary.

Also a petition for what? Credit Card is not basic human rights or anything?

This post has been edited by Archemedia: Dec 8 2019, 10:34 AM

Itula gov suruh bayar balik ptptn tak nak

I have seen everyone having CC easily

Don't spread your bullshit

Clean record....


Attached thumbnail(s)

Take note requirement of 24k is AFTER deduction of epf/commitments/etc. Not your gross salary.

If you don't work for a bank or directly for any banking/ credit industry then don't simply make statements, no where in the requirements does it say net salary

Banks are very flexible on this. In any case it is certainly NOT after deducting epf/commitments/etc.

TS should check whether he has any record in CTOS or CCRIS or is there any outstanding loan he defaulted? Nobody should think that they can default with one bank and apply to another bank. The banks all share a database of borrowers and defaulters.

You can check in the thread, I've posted my clean CCRIS screenshot. Don't know how to go about it anymore, can only think to go to BSN and place an RM 5,000 FD for a card

Besides CCRIS, banks could check other sources such as CTOS, RAMCI, etc. But they are not obligated to inform you which sources they check.

Why so butthurt?
I called them bank and asked before.

So if i dont work in the bank i cant know this?

U ask question then be humble. Keep ur attitude inside.

This post has been edited by Archemedia: Dec 8 2019, 11:56 AM

I got no issue on applying 1st credit card, yes ofcoz kena rejected by afew banks at 1st.

Tat was becoz i juz work for 4 mths or so, the longer u contribute ur epf socso, car loan installment etc, u ll build up ur financial score slowly.

Go for a basic card la, try various banks, 6 mths down the road try to apply again, eventually u ll get 1 card.

Since ya asked in serious kopitiam, u should have giv detail on ur current financial report so tat others dont need to assume this n tat mah, however seeing ur several replies ontop, kek good luck ts.

This post has been edited by kennykong85: Dec 8 2019, 03:08 PM

It’s one of the great paradoxes of life. Those who need it, won’t be issued one. Those who don’t want one, will get many cold calls from banks asking to sign up for this or that card.

Totally irritating.

How about a debit card? It works like a credit card except that the amount is debited instantly from your account. If you have an ATM card it is also a debit card.

Long time ago, when I applied card from HSBC, Citi, UOB all fail. Called the bank but customer service was unable to provide reason for rejection. Even made a trip to check with Bank Negara to see if there was any possibility of a loan taken due to identity theft. BNM officer also scratch head wondering why reject.

Later down the road, colleague got a call from his hire purchase officer - he revealed that the company's receptionist refused to forward calls to HR for employment verification

But anyway, between the rejection and mystery unravelling, I opened up a Maybank current account so I could issue cheques for big ticket items. The bank called me up shortly after offering a pre-approved Petronas Visa card and I happily accepted. At that point I only kept like RM1,000 in the current account and never issued any cheques. Maybe you can try the same route.

This post has been edited by roarus: Dec 8 2019, 09:37 PM

Try to apply for those less popular CC e.g BSN, Bank Rakyat, etc. Sometimes a good agent helps as well.

Maybank 5k for 5k fd pledge got ma

what is your basic salary? try use ringgit plus to apply for your CC, they can suggest best CC with your salary/commitment and help u apply for it. no need to fill in form, just use chat in whatsapp.

Seeing that you have 0 record also mean you're untrustworthy.

This is a scenario of
"I don't know you, even my friends don't know you, im not willing to give you money because nobody can vouch for you"

Classic "chicken and egg" scenario.
You need to have a credit record to get a credit card but
You need credit card to build credit record.


But honestly Maybank Gold CC is actually one of the easiest.

Also they also check your bank statements, if all the time by end of the month only left RM1.00 then hard to justify approval

I want that Maybank 2 Reserve card. Can pledge FD or not??

eh, how to access this record? Can find this online?

I having the same experience a few years back. It is because the record is too clean. You need to have something like a car loan or any credit card history.

For me, I have no problem obtaining both Maybank and Public bank Credit Card, probably because I used to have both Maybank and Public bank debit card for years.
I having trouble to obtain Citibank, HSBC and CIMB though, I have called them up and they mentioned that the lack of credit record.
Citibank require you to work in a Public listed company of having a loan for at least one year before you could apply.

My 2 cents, apply the same bank as the one in your debit card or Apply UOB bank, they are pretty lenient.

This is not about butthurt, but you posting information that is downright wrong.

Please provide a link to prove your point, not what you and CS discussed.

typical entitled millennial

salary only 24k want to have PB cc?

Your thread should be in the joke section

Go post in CC thread and let the senior teach you a thing or 2

Bang, kasi chan sikit la. To his credit, he posted this in serious kopitiam... he’s entitled to a response with a modicum of leeway, surely?

If one bank reject you , just move on to another. If you have the requirement, bank would definitely want your business.
Years ago i applied for RHB bank plat master and they rejected me, after 6 months apply again but ticked gold card and rejected again. My salary and company payroll is also at RHB. My credit record is definitely clean and never had any problem.
So i went to MBB and got myself a plat visa card on hand in less than 3 weeks. Today i have almost all major banks cards but still dont have RHB because never bother to apply from them again lol.

This looks like no record at all. Had you have previous loans or other CC? Working for how long rd?

Not sure about you, but my CC in Maybank got approved very easily though it is kinda basic

Also, in 2015, BNM have tightened the rules for issuing credit cards, especially the premium/platinum ones by raising the minimum income limit and a bunch of other stuff. Reason being is that they want to limit the indiscriminate practice of banks simply issueing CC to ineligble people in their eyes. Like plat card for someone who earns only 24k a year

I have given my answer to why his cc application rejected.

I dont need to prove my point. I dont win or lose anything.

TS die die want answer from "bank staff" but open thread here.

TS keep saying other ppl are bullshitting.
He is also bullshitting that his salary is "well above" 24k.
I saw the other thread he opened. His salary is "barely above" 24k p/a.

So TS please stop your bullshit.

Can close thread.

How old are u?
What card are u applying for?

This post has been edited by WaCKy-Angel: Dec 9 2019, 08:25 AM

Public bank is more conservative. Last time I buy car using their HP loan, the loan agent help me apply a CC on the side, they also reject. That's right, they can loan me tens of thousands to buy a car but can't trust me with a CC.

Meanwhile, Citi gave me two cards not long after I got my first job which I am still using until now.

This post has been edited by dares: Dec 9 2019, 08:36 AM

i think that is only for priority banking/priv banking.

250k FD?

how to petition for something that already exist la

i did that 5k fd pledge credit card thing from maybank while i was a uni student (w/o guarantor), have been using the same card since 2014 and recently uplifted the fd since got enough for the cc to be backed by pay slips

so its either BNM regulations became more strict until apply cc is as difficult as making loan or face problem la

What I hope/want for a change is that we could follow the U.S system by implementing a secured credit card system, Public Bank forces RM25,000 FD to pledge for a card.

Nonsense! The barrier to entry is to high, Citibank is another bank that has a "Clear" FD Pledge clause stated in their T&C but no other banks have clear cut T&Cs.

Cause in the U.S, you can even have a $200 credit limit for a secured card

Did you apply directly at the bank, or at those bank roadshows with their somewhat aggressive salespeople?
Like some said, a clean record may also be a factor in your application, as the approving bank may not be able to determine if you're a good enough paymaster, on top of the stringent rules BNM has imposed.
Then again, with these credit card sales people, who seem to get incentives for every approved applicant, may also be a "game changer" for you.

Wait... those credit card sales people do get incentives for every approved applicant they signed up, right? Do correct me if I am wrong.

I got cards from Major banks, HP loan, House loan.
Yet, since when I started to apply for PBB Cards in 2015 every 6 months, I have never succeeded.

your pledge is usually the credit limit. Assuming this is practiced by PB, that means the card that they are willing to offer is a 25k limit card. I dont know what have changed over the years since 2014, but i know most banks' entry level card are fd-pledgeable for the simple reason that pledging is provided to cater for the foreigners working in malaysia that cannot apply for cc

i think u can read more at genxyz's website on this

also a high entry level for credit is ALWAYS good because way too many malaysian default their cc payment, which eventually lead to bankruptcy and this affects the country's economy

in any event, having a written lean-based fd pledge system is good and all, but realistically speaking bank always have legit reason to reject cc application. They wanna make money and they always asses your risk profile so make money. If you get rejected by most banks, it simply mean that maybe you should not be getting 1 yet.

Btw, side note, why not try those 4k limit entry level cards, they are less strict than the standard 5k cards

I agree, but opposite of what you think - it's way too easy getting a credit card and crazy limits and get into credit card debt hell.

Banks need to tighten down credit card approvals to reduce national debts (or it's people, if you're going to be specific)

Or in other words PBB guai lan

I would think that car different because they got better chance recovering the loan as you're doing hire purchase where else credit card, if people default, that's it.

Small fries their lawyer fee also cannot cover so they rather just let go.

how much do you need to pledge for Citibank Prestige? I'd like to know.

Especially personal loan !.

When people in need of money, they will reject.
When people have sound financial status, with FDs and saving - they call you if you need personal loan.

Speaking of first credit cards, I can still remember the first credit card I ever had upon entering the workforce...

HSBC with RM3K credit limit...

Dude.. there are so many banks with credit cards out there. Why do you aim the top banks who receive thousands of applicants everyday?..

Can you imagine they can pick and choose who they want to give their CC to.. ofcourse they will reject those applicants who arent up to their standards.

Even if you meet the minimum requirements.. there is somebody like myself who has 10 years of good credit history.. all kinds of loans, fully paid off and giving the banks business in the form of paying loan interest worth more than 20k rm ever year..

Who are you? You are nobody to them.. likewise, im a nobody and that's why I didnt even bother applying for pbb card until they gave me a home loan with a credit card attached with it.. plus they gave me one of the lowest credit limit I've received in a long time..

You are not wrong in aiming to build credit history as soon as you enter the workforce.. it is the first path towards building your networth .

Why not start with the lesser banks or even shopping credit cards.. like aeon cards. Any card is better than no card. Im pretty sure you will be able to get a card eventually.. provided you start from a low tier credit card.

Then go from there.. everytime you meet the requirements, wait 3 months to build payslips then submit to the banks..

It is good to have a fd placement too.

Best of luck. Whatever it is, credit isnt a right.. it is a privilege. Dont take it forgranted.

This post has been edited by Liamness: Dec 10 2019, 08:50 AM

I have simar problem applying cc from rhb
Just a basic card, min 24k
But still needed to pledge with FD.
Kinda weird tho, as my business current account is with them
I would say good record, never bounce cheque, well above min required balance, in and out money without any suspicious transaction.
Also saving account and placing promotional FD with them.
Still need to pledge with FD with simple CC
Lol..

Funny thing,
Tried to reapply without pledging FD after few years, fail few times
Tried with PB without pledging FD, bang, got it. and it's the first time trying.

Beg to differ. My ccris last year was 0 as well but no problem applying Maybank 2 Card, car loan for my BMW and house loan for my semid in EW. My income is way above 20k monthly. It has to do with you income level

Sorry, I may use the wrong choice of words previously. When I mean too clean, I mean there is no record at all.
Just like the one shown by TS.

If you observe at the installment area, there is no credit record at all.
Good record and no record are different.

I believe you mean by '0' is promptly repayment of loan?

Also, did you apply the BMW or/and housing loan before applying for a credit card?
Because normally, if you apply car loan/housing loan , they will give you credit card even you didn't apply for it. At least from my family and friends experience.

Submit ur epf statement sekali

0 as in no loan at all therefore no records

No, was applying all 3 at the same month and all approved

This post has been edited by kkkw80: Dec 11 2019, 07:05 PM

Just an update for the readers of my thread, I truly that you all for your inputs as for now, like Liamness suggested, I'll try for Bank Simpanan Nasional (already submitted) if it still fails then I'll go for Bank Islam. I hope as these banks are easier than so called top tier banks.

Maybank 2 reserve require annual income of rm100k. Do you meet the requirement or not? You can try applying through maybank website directly. It's very user friendly and the card can even be posted to your office if you want. Don't need to waste time going to branch.

If you meet the requirment you can submit online a few times. I recently applied for maybank fc barcelona and it was rejected the first time. I've retried not long after that and it was accepted.

I got rejected by public bank as well and dint retried because need to either submit through branch or post to their office. Very troublesome and time consuming.

Good luck and dont overspend

Because if you no money to repay, they are not going to call you. If you got loads of money and always repay, then you are potential good customer!

LOL.

How's your personal credit report on Ramci?

I got a score of 8 & face no problem in getting my Maybank Islamic Petronas Ikhwan Visa Platinum Card-i, no need to pledge with FD or anything

Maybe you can check on that with your bank first

how do u check this?

nothing. just apply and it was approved.

Now ptptn payment conduct is part of credit assessment by local banks

If conduct mcm lan then won’t get it

Try applying after 6 months of employment. Best if its after 12 months of employment so you'll have a full year of EPF history.

Also it may be easier if you apply with the bank that gets your salary.

The market is so competitive these days that banks are going out of their way to onboard new customers. You’re unlikely to get rejected unless one or more of the following occurs:
1. You have a poor credit history.
2. You have no credit history.
3. Your income stream isn’t steady. This includes employment in high risk sectors such as O&G etc.

Building a good credit history is easy. Pay your bills on time, and make as many payments as you can on your debit card instead of cash. For my first CC application, I submitted copies of my bank account and EPF statements.

HSBC just throw me credit limit upgrade after credit limit upgrade.....guess they want to drown me with debt

They look how much your saving account

I still remember when i do business .
Business was great. Lots of money in saving account.

I dint even pay tax yet, no proper document.

Still can get platinum cc from Maybank.

Once i setup the tax document, can apply even more cc

1. apply the bank ur salary goes in
2. work for awhile(not sure how long, maybe a year?), work few month people dont believe u
3. keep some cash in the saving acc bank that u want to apply. no saving at all people dont dare to let u have credit .

0 saving in the bank you want to apply , i also scare to borrow u money.
EPF, ptptn all contribute . then the rest is wait

Banks are private business. They think he can't make money from you, then they reject la. Simple

Why did this topic suddenly migrate from Serious k to here?

very common for first time applicants to need to pledge FD unless you have a loan with that particular bank before.

If one bank rejects your application, i can say 90% all the other banks will also reject your application regardless of how much you earn especially if you dont have any FD.

however once you got your first card, and using it for a few months... the rest will come. Some even mailed into your mailbox without you applying and you will have to go cancel them one by one.

30k ktard spotted

How long have you been working?

Joker want to start denoucing cc approval system via petition.

If bank reject your cc. It means your score is not good. Salary tak cukup ke. Dsr tinggi ke. Bukan sbb ccris only

the topic is not debatable.. and mainly attracts non serious replies.

So many cc, you can apply easily ,unless u blacklisted.

Work for a year already? just go to those credit card merchant with kwsp machine.. print out kwsp statement apply on the spot.. pretty easy to get la.. in fact if there's a petition i would petition for stricter rules for credit card application.

Try banks like UOB, Alliance, Standard Chartered, HSBC, OCBC, CIMB...

Public Bank and Maybank they are a pain in the ass. Take Maybank for example my gross income = to my credit limit, after 5 years they still do not want to increase my credit limit, submitted a request and they rejected. Public bank & Hong Leong WISE card got rejected. Sometimes i got no idea why despite clean record, no credit card debt salary wasy above the requirement.. they still rejects my application.

P.S: i applied them due to the cashback.

easy ts.. you know the bank that company transfer ur salary thru right? apply with them..

also, you can apply on the booth in shopping mall, recently i applied for 3 bank altoghther (all the agents lepak in same area) and i got CC from all of them. (anyway, i just call the bank to cancel the CC coz i just wanna the free gift)

Aiya... No need reform anything,
just follow my tips and your credit card application will have the highest approve rates:

1.) Please make sure that you get to know your personal credit details - CCRIS, CTOS, RAMCI
2.) Please make sure that you have met the credit card requirement such as minimum income and etc
3.) Please make sure that your employer pays your EPF promptly without failed a single month
4.) Please make sure that you do not submit multiple cc application from different banks at once
5.) Always apply your credit card through roadshows, fair at shopping mall

But always remember that "Cash is King", credit card can brings you bankruptcy if you don't have discipline to manage your credit card such as debts, payments.

Credit Score Check:
eCCris - https://eccris.bnm.gov.my/eccris/pages/sec/login.xhtml#! - free
CTOS - https://ctoscredit.com.my/ - around RM25 per report
RAMCI - https://www.mycreditinfo.com.my/ - free for 1st time using imoney portal
+
EPF - https://secure.kwsp.gov.my/member/member/login

https://pictr.com/images/2020/02/13/5eb95f.md.png

HSBC and CITIbank are the worse

ironically that's the main issue here: credit record too clean, therefore unable to judge.

I have the same problem before. Got rejected for credit card during first time of applying, even though i never got any loans. But once my housing loan was approved, immediately all the cold calls for credit cards come in to the point it is irritating

I tot CC min income need to be 3k or above?
I never got issue to apply CC b4 lah
And they keep calling to offer new cards...

lol my first two credit card were from this bank... why ppl are saying that they are strict.. ?

Why so difficult to apply? I every week got few bank call for CC and loan.

if you want fast approval, try cc roadshow/stall in the malls.. apply 1 maybe you get 3 later unknown..

You are right...dunno why banks that i do not have an account, sends me a cc, premier summore. Have to drive there, find parking and then return to them.

I work in high paying mnc, no problem getting credit card

I used to work at Ambank before this.

Before I joined Ambank, I always get rejected when applied CC.

After joining Ambank, within 2 weeks I got CC with high credit limit.

now I already resigned they still maintain my credit limit.

and yeah, ur option to apply cc is to apply a job at bank.

Mine apply today, evening receive notification got approved. For maybank card from their card centre.

As a T20 I never have to worry about these problems. So I won’t help you here.

Don't give up bro. 1 failed, tons of other cc wanna get u. Lol.

Oh wait necro

cant say i share ts experience. in fact it is polar opposite. banks have been hounding me offering cc with dunno what perks all bundled in. so kena bullied

so far only bank keep calling want to offer me loan and credit card，i blocked already but still will have new number calling in....so damn annoying......

Gua guna bonuslink card machem bos. Mrk offer gua min infinite only. They said low keras card no suit me.

what

getting credit card is a problem

Hi guys,

Update: I've already gotten a card approved by Aeon Credit with a credit limit of RM 2,000, I was rejected back then but this time, I tried my luck and was approved. The puzzling thing is that I thought the credit limit is suppose to be twice your monthly salary. I call this a small successful step.

This post has been edited by moonsatelite: Feb 28 2020, 10:25 AM

TS, you want to get high chance of having your application approved you need these criterias:

1) Have a long time (10 years +) personal account with the bank with good amount of money in it.
2) Have a FD account with the bank you're applying for the card (at least RM5k)
3) Your company payroll uses the bank you're applying for and they have a very good credit status with the bank(usually MNCs have no problem).

Any of these criteria will increase your likelihood of approving your application.

Once you have a credit card like now you got with AEON Credit, keep it for 1 year and maintain your spending, don't pay your bills late or get late payment charges.
Then you can try applying the larger and more popular banks.

In Malaysia, Maybank VISA cards are accepted the most widely in the country. Public Bank, CIMB, UOB and Ambank also. They are the most strict when approving cards.
Then there's OCBC, claim to be world's strongest bank in the world. They aren't quite interested in doing credit cards.

My personal preferences would be:

Maybank
Public Bank
Ambank