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This post has been edited by KKS21199: Mar 23 2021, 11:09 PM

Yeah you should keep it under 33%. Going over it will drop your credit score significantly even if you pay it off in full. I emailed Experian about my recent issue and they said it's Maybank's side which is baffling since it means they never bothered to update the proper outstanding to CCRIS. I wouldn't really recommend Maybank unless you want the cashback since it has higher SST due to the 2 cards they give you but iirc you can also apply for the other cards (like the Ikhwan for petrol/groceries cashback) with a lower than 5k FD. It's just the M2Gold cards that need 5k minimum. You can find more information on their threads. Most if not all the other banks also offer CCs for pledged FDs so you're not limited to Maybank at all. The ones that have active promos for this that I know of are Affin and Hong Leong. The Affin Duo is pretty good as well since you can get cashback for topping up ewallets.

This post has been edited by red streak: Mar 24 2021, 12:20 AM

To find out whether you’re ready to take on new debt, you can measure your credit status against the criteria that lenders use when they review your application. this is 5 Cs of Credit: Credit history, Capacity, Collateral, Capital, Condition

Building your credit score is a good idea, especially if you don't have any loans yet. I was in a similar situation and needed to improve my credit score. Choosing a personal loan can help, as it shows you can handle borrowing money well. I did something like this myself. I used payday loans because they were quick and easy. It took only about 5 minutes to get everything done online, and I didn't need to go to a bank and wait for a long time. This helped my credit score get better.

This post has been edited by sc@pj: Jan 11 2024, 05:46 PM