Generally whichever tactic you use, it'll work if the bank feels that you have been spending actively or a huge spender but more importantly being able to post payments promptly and to use your credit limit wisely.

This post has been edited by hye: May 1 2008, 10:35 PM

Try to make another follow-up on the matter. They probably did not process your annual fee waiver - if still no answer just terminate your card. Maybe that'll attract their attention and maybe it'll not.

Just don't get upset and just apply another card before canceling MBB's. I can tell ya that service level fluctuates in a bank - some days they are good and some days they are not. This applies to both local and international banks. Remember the credit card market is competitive these days - you don't have to worry about getting another credit card if you are not happy with your current one.

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Added on May 1, 2008, 11:51 pmI just remembered something ... if you apply HSBC card, make sure you do not have 2 pending approval application from other banks. HSBC can see this information when they do their checking on an individual. If such a scenario occurs, HSBC's policy is to reject your application irrespective you are a potential "to be" approved customer. (Means you have no problems and under normal circumstances, your application stands to be approved)

This post has been edited by hye: May 1 2008, 11:52 PM

My longest waiting for a credit card was 6-7 weeks, be patient.

This is a common system that ALL banks use for their Risk Management and pre-approval of your loans, credit card. SCB card .... I canceled it already but it took me a good 2-3 attempts within a span of 3-4 years before finally they approve my application but these were the days when they were very sticky on who they approve their cards to.

When the Character cards were launched, they relaxed a bit. So, I'll say you have a fair chance of approval provided your financial records are swanky clean.

This post has been edited by hye: May 2 2008, 12:11 AM

Just to add, they are also fast in resolving transaction disputes. Mine was settled in less than 1 month. I think the HSBC credit card stands to be the best overall credit card (service wise) in the Malaysian market today. Hope they'll keep up the good work !

I totally agree with you on this point.

Not that I know of! I doubt so there's such thing as an auto upgrade as anyone would have to earn that upgrade although it's a mere classic to gold upgrade. More likely if it were a gold to plat upgrade .... you'll really need to earn it !

For once, I have to agree with siutimtim. It makes no sense to have your financial record bad just because you apply and cancel your card. The bank which issues you the card may temporarily blacklist you from applying again to their bank but to affect all of your applications with other banks - sounds very far fetched.

Appreciate anyone who could verify this story about applying and canceling credit cards will make credit history looks bad.

Perhaps you can explain further on the subject matter. Maybe we folks here are ignorant but apparently you are the one with the knowledge at the moment.

This post has been edited by hye: May 4 2008, 11:35 PM

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.

This post has been edited by hye: May 5 2008, 01:27 AM

Well .... I'd agree this a very dangerous marketing tactic. But it's both way, you need to identify that credit limit is not money that you already earned and marketers need to be more responsible when selling the cards.

What's the question again ... only understand half of it.

Well ... if I were you I'll terminate the Debit Visas (can't earn points on them right) and use a credit card based VISA. Personally I won't keep 2 cards from the same bank (even if it's separate credit limit and for redundancy purposes better to have card from another bank) and I think DA allows termination of one of the card. At least that is what I was made to understand when I applied for it back then.

If I guess it correctly, it depends whose name the bill is on. If it's your company then the answer is no if I'm not mistaken.