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

There is no such thing. I have seen many cases that after you cancel the card they will call you and offer you a new card with higher credit limit or with some stupid gifts which you don't even need

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.

Wah,got so high tech system?I only know bank refer CRIS or CTOS only.CRIS where got say you cancel card record?Any reference we can read more?

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Added on May 5, 2008, 1:02 am6 month only get commision not possible la.their basic so low already you think no need eat?Last time I also go citibank credit card sales inteview they no say need wait so long.But basic offer RM1200 only.



This post has been edited by siutimtim: May 5 2008, 01:02 AM

it's CCRIS..
references are everywhere.. we just don't read and pay attention to the same thing.

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

formal education has little do to with financial education..
i'm not angry through what i've said, you simply misinterpreted them.

This post has been edited by lwb: May 5 2008, 01:50 AM

I agree.You say got system but we all no hear before.Maybe can share if what you say is true.

If U haven't been in debt, U shouldn't have much to worry about your credit ratings. Also, it doesn't necessarily mean U'll get ur credit card approved if ur credit ratings are great. Risk factor is also taken into calculation for example; if ur oredi holding 3 credit cards, the bank will look into the total credit limit u have versus your income and a lot of other factors before they'll approve your next credit card; whichever bank it's from.

Its true that they only get their commision after that credit card have been activated/ use longer than 6 month (from the date of approval), u dont know doest mean that its not exist.

I cant see any problem living with basic salaried RM 1200 ironically a lot of people having salary lower than this. Don forget credit card sales person do get commision.

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Added on May 5, 2008, 11:59 amCredit cards are under unsecure product category like personal loan which bank offer to u without needed u provided neither collateral nor

guarantor (below 5k ), FYI, bank virtually in higher risk than u. JUst like tinkerbel said, Bank will look into ur total credit card limit / personal loan

relatively to ur total income before offer u another ( credit card or personal loan ). To more specific, its called credit score evaluating.

This post has been edited by yks8845: May 5 2008, 01:25 PM

@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*

If apply already no activate then I cancel.Do I need return card to them or they will charge me money or not?

@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*.

my friend apply citibank shell card only then automatic they give air asia card also.. my friend say they like want you to pay more annual fee and etc so he want to cancel all the citibank card not yet activate donno got charge or not?He say now give free also don want.

ask her to call ctibank card center

603-2383 0000 (KUALA LUMPUR),
604-296 0000 (PENANG),
607-268 0000 (JOHOR BAHRU),
1-800-82-1010 (SABAH & SARAWAK)

I think they will provided more accurate answer than we

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Added on May 5, 2008, 1:35 pmGosh, Titanium Card

This post has been edited by yks8845: May 5 2008, 01:35 PM

@siutimtim,
Yes. Citibank does send pre-approved credit cards to u. Some are upgrades; which means the current card ur using will be deactivated when U start using that new card. Some are basically additional cards. As long as U do not activate the card and use it, the bank should not charge u anything.

I've had my Citibank Clear Card upgraded to a Gold Card several times of which I refused to accept. Recently, they also sent me the pre-approved Citibank Shell card which I ignored; of which they called to check if I'd received the card and got a blasting from me *grins*

Let's hope they no longer send me anymore cards!

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

Profiteering perhaps.

Making your wallet thicker.

Correct.He say same thing also.Why need so many card from same bank if credit also same or you don need so many credit.

Anyone with MBB Visa (any card) manage to get the MBB Petronas Visa card yet ?