@candy_chl,
I'm actually surprised U had so much issues with HSBC.  It took them less than 5 working days to send it out; I put in an application last Thursday evening and received the card via courier this morning.

Emmm...I seriously don't understand and don't bother about credit limit given by bank....what's the point?!Some of you will spend until that much in a month???

credit limit might not mean much, but let's put it this way

Dad issued a supp cc to his so that he can use it when there's emergency, but he's afraid that he will mis-use / lose it. so he put a RM 50 monthly limit on his kid's cc.

And another scenario, u saw a laptop on dell's website and u need to buy it, later u realise that ur cc limit is short of a few hundred ringgit and the online offer will only last a few more hours.

childish examples but oh well u get the picture .

Emmm....I get what u mean as I see it quite useful for emergency also bcoz all along I don't spend that much and yet bank giving me 40k credit limit.....

yeah....not only FD...I used to pay the payment promptly and use their online facilities lots.

@vin_ann,
U could always verify through UOB's website; I'm sure it'll be posted on their website should they have such promotions/contest.  Well, I hold a UOB credit card but I haven't received such SMSes.  I'll check with sis if she received any when I see her later.

@siutimtim,
Yes UOB does upgrading too like the rest of the other banks.  I was upgraded to the next tier about a year and a half ago.

every transactions, including activation, suspension, and cancellation leave a record in a unified system.

there's a bunch of highly specialized analyst behind these system whose work is to analyse and provide their findings whenever a decision/qualification on loan/credit facilities are provided.

there's alot that tells of a person behavioral pattern when it comes to handling credit(or loan, should it use them interchangeably here).

it's therefore erroneous to think that i'm just referring the impact to credit card. what i referred to was your credit ability.

my fren who is in CC sales told me that, in order for him to get the commission, the card must be active for 6 months. on 7th months u can cancel it.

he so crazy about his CC sales, keep asking me apply this card n that card.
ended, no card applied with him. haha

btw, u mean ur fren applying back HLB card? or other bank CC?

Apparently you seems to know more than what most of us do. Rather than you give us information that require us to deciphering the hidden information beneath it, why don't you be more forthcoming with your knowledge? After all this is what the forum is all about.

Give us real life examples, etc. It's not rocket science to what you have mentioned but the way you have put it sounds like the guys who handles loan approval are "Men in Black". I'm sure that they do not want to be labeled that way. If what you said is true then all of us are affected - very little in society today lives without debt. What you just said ... refers to a risk management model - correctly me if I'm wrong (any actuarial science people out there), the model does not intends to punish you. Too tight and the banks might as well don't give out loans to anyone (Banks makes money from mainly giving out loans to people) and too loose then NPL will go up. 

A lot of the folks here are well educated my friend, I'm sure we can understand what all this is all about. Again ... (no offense) but I detect a lot of hostility in your last few statements. What's the anger all about ?  If you don't agree with us, just be straight forward. Ambiguity is not going to help anyone here. 

@siutimtim,
Yes it's true that credit card sales people only earn their commission after the card's been activated for X months [how many months I do not know - this is to prevent 'fraud' cases] but if u want to help ur friends who's in credit card sales, u could always take a credit card and cancel it after 6 months *grins*

I mentioned previously I been thinking of canceling my HSBC card except I don't want the salesperson who attended to me to lose his sales commission so am thinking if I should just keep the card for a couple of months before I cancel it.  I've had the card since Jan '08 so it's just another 2 month wait.

@yks8845,
Yeah I had to explain that to me sister when she complained about being rejected by OCBC twice for that Titanium card.  And her only reason for wanting that card; Buy 1 Free 1 at Cineleisure!  She's 'blacklisted' OCBC for that *grins* 

@siutimtim,
I actually don't know if we're charged if we want to close our account; i'd never closed a credit card account before - i'll let u know when I close this HSBC of mine except I probably make a lot of noise if I was charged as I'm just consolidating my expenses to another card HSBC issued.

Also, I don't think the bank will ask u to return the cancelled card; instead ask u to destroy it.

PS: I might even find it too troublesome to cancel the card and leave it at the end of the day *grins*.

Whats the point of having so many credit cards when it's all on combined credit limit?

Profiteering perhaps.

just checked wif my dad's cc statement...seems like Direct access master cards can get 2% petrol rebate at any petrol stations PLUS mesra points at petronas. im just wondering if this is the case, what's the use of launching cimb petronas co-brand cards.

The blacklist is to make you difficult to get a loan from other banks, basically it would appear in your CRRIS report maintained at Bank Negara. After some time, it could become "Hard core " borrower. The bankers are concerned with these borrowers.

If you are into business, your company may not get a loan because of you. Other shareholders could be at odd with you. It could be years later and you would wander why the banks reject your loan.

Do not mean to frighten you.

When the annual fee is defaulted. It goes automatically to CCRIS's report.