Purchase over RM20,000 is 3%. At that rate, there is no need for anymore reward points. So if you want to buy big ticket items up to RM100,000, this is very enticing indeed because it is giving you back RM3000.

I guess you don't really understand the tiered system.

Just use the higher rebate rates of Plat cc as an example (note that rebate rates for Gold cc is lower).

First RM1 - 6000 = 0.5%
Subsequent RM6001 - 20,000 = 1%
Thereafter RM20,001 and above = 3%

If you spend RM100k, your rebate will be:
First RM1 - 6000 = 0.5% ---> RM30.00
Subsequent RM6001 - 20,000 = 1% ---> RM140.00
Thereafter RM20,001 and above = 3% ---> RM2,400.00
TOTAL REBATE FOR RM100K SPENDING ---> RM2,570

The card is only good if you spend more than RM20k per month. Ask ourselves, how many customers spend this kinda amount monthly? With this, you'll know how evaluate this cc.

I know what it means. That is why I used the term "over RM20,000". Meaning anything below is not 3%

Purchase over RM20,000 is 3%. At that rate, there is no need for anymore reward points. So if you want to buy big ticket items up to RM100,000, this is very enticing indeed because it is giving you back RM3000.

If I were to split hair, this is what I would do to buy a once-every-few-year big ticket item.

RM6000 @ 0.5% = 30
RM6001-20,000 @ 1% = 140
RM94,333 @ 3% = 2829

So I would swap RM114,333 on the card to get a total rebate of RM3000 on that Toyota Camry or house I am aiming for. Now the question is, would Toyota and housing developer accept cc as payment?

If you noticed my posts earlier, I had mentioned a few times, and the answer is NO for full payment.

For car purchase in Malaysia, I can't find any car dealers who allow you to pay the amount in FULL using cc. Most of them accept cc payment for booking fee of a few thousand RM only. Some may allow you to pay more than the booking fee, but they would definitely impose a surcharge.

As for property purchase, most of the big developers also accept cc for booking fee only (ranging from a few hundred to >100k probably, depending on the purchase price). Again, some even allow swiping cc for the down payment (normally 10% of the purchase price minus the booking fee paid). The good thing is that, most of the developers do not impose a surcharge on payment via cc.

I just received an invitation letter from AMEX to ask me join Platinum Charge Card. It was really tempted me to sign on the application form but when i saw RM2380 annual fee, that make me put my pen down.

I will received 100,000 membership rewards point as a welcome gift if i accept the offer. Hmm... any opinion from you guys?

I just received an invitation letter from AMEX to ask me join Platinum Charge Card. It was really tempted me to sign on the application form but when i saw RM2380 annual fee, that make me put my pen down.

I will received 100,000 membership rewards point as a welcome gift if i accept the offer. Hmm... any opinion from you guys?

There is private jet charter service in Malaysia. The fee is HUGE. It costs >100k from KL to Middle East.
This cc gives good rebate for GE premium but small percentage of rebate for other transactions, and no reward points will be given.

It is FOC for 1st year. Request for AF waiver for second year onwards WILL NOT BE ENTERTAINED. See the link below.

http://ocbc.com.my/personal-banking/Cards/FAQWebR1.pdf

RM2,380 AF, in exchange for 100,000 MR points = RM500 cash, definitely not a good deal!

100,000 MR point = Singapore Airlines One Way ticket from Singapore To HK. I think it is not worth it... for 10X bonus points, i can get it with my plat credit card with AF waived.

Dont think i will accept the offer anyway.

@Dozz,
100k points in return for RM2380 p/annum?  Er.. I think not so worth it especially since you can purchase a lot of stuff for RM2k - if U don't want the $ U can always bank it into me account

@Dozz
I'm quite sure the plat charge has significantly more benefits than the plat cc, probably you could call cs up to compare the cards for you?
Personally, I would find out the benefits (in comparison), and if I feel I'll utilise most of em, I'll take up the offer. Not bcoz of the 100k points of course.

It's a card by invitation, and it's amex. How bad can it be? =p
Plus if you're of the financials where they invite you for the plat charge card, I'm sure an extra RM200 expense per month won't hurt.

But that's just me of course.

oh, seem like quite alot of ppl got the platinum charge card invitation. i got one too and they keep persuading me to apply for it.

can i know what is the addtional benefit to enjoy for this card by paying this sum of 2380 annual charge per yr?

anyone able to waive this amt? so far i get to waive my annual charge every yr but first time abt platinum charge card hence want to check whether anyone able to waive this fee before i confirm my application.

hahahhhhhaaa...r u carzyyyy or no thinking or what. pay RM2380 for annual fee? it not worth lar...
because it is not ur own money so u suggest other ppl to accept it?
not worth it. dad got it before, but has since cancelled it because the benefit is so so only and annual fee is too high...

hahahhhhhaaa...r u carzyyyy or no thinking or what. pay RM2380 for annual fee? it not worth lar...
because it is not ur own money so u suggest other ppl to accept it?
not worth it. dad got it before, but has since cancelled it because the benefit is so so only and annual fee is too high...

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