Emm ... mind sharing why your HSBC is free for life ?

I like Direct Access several years back, CS is good and not to mention you can convert your purchases into EZ payments (Flexi-Pay programme). Since they discontinue the Flexi-Pay programme, there's little reason for me to keep this card as well. Haven't made up my mind yet on what to do with this card

Probably I'll want and see for the next 6 months on how does the other banks react to the new Petronas credit cards (CIMB & MBB). Most of my friends wants to cancel their existing cards and move to these 2 cards because no need to bother about annual fees anymore. Especially coz there's no conditions attached as compared to other banks.

I know someone who holds CIMB Enrich and DA cards and holds 2 matching credit limit. This person was already a DA card holder when it was still being managed by SBB bank. If this is true, holders of CIMB and DA cards will be given matching credit limits that are not shared. (E.g. DA 10K and CIMB 10K each, provides a total of RM20K for both cards) I suspect the bank still uses 2 system to manage DA cards & CIMB cards thus they can't provide a shared credit limit.

Not sure whether this scenario is still applicable today. Thus the likely scenario for you are : -

1. Given 2 equal credit limit.
2. Given 2 credit limit but the CIMB Petronas credit card is of lesser limit.
3. 1 single credit limit based on your DA card

Bear in mind, credit limit is solely the discretion of the bank. Under normal circumstances, there's a very low chance of a bank giving you multiple credit limit if you hold multiple cards products. Good luck in your attempt !

This post has been edited by hye: Feb 9 2008, 07:38 PM

Hi kindaichi, your question is probably OT since you are asking about banking matters in a credit card thread.

I can only say it probably does not matter where your bank is since you can use the GIRO/IBG facility to pay for your credit card bill.

myusername could be right as the entry point credit limit starts @ RM3K. Probably the likely credit limit would be RM3-5K for you. Don't worry about the low credit limit as banks are cautious as well and you gotta admit - you just started working and probably do not have a very long credit history for the banks to be comfortable with you.

They probably won't entertain you if you ask for a credit limit increase right away and you stand a better chance to ask for this after 1 year. If you are unhappy about your credit limit then probably a better approach would be to apply for another card from another bank but you got to be careful not to get excited spending money that you do not own. I've known many people who got excited after getting their credit card, goes on a spending spree for 3 months (before hitting the credit ceiling) and then in debt for the next 9 months paying the balance.

Oh yes ... BTW, you can actually call the CIMB CS to ask for your credit limit. Call in, pretend to check your card application status and when asked "Is there anything else I can help you?" - ask the question. My advise don't waste your time asking for a credit limit increase now as they will ask more supporting documents to back you up. (Salary slips, EA forms, income tax statements, etc)

Shouldn't be any. Just spend and you'll get the rebate. The maximum rebate is as you what you already mention is RM50 per month. (You'll be pumping RM2500 worth of petrol per month - enough to fuel a whole fleet of company cars I think)

Don't think such form exist for this card. (I think this scheme exist for the DA cards) Why don't just apply for it the normal way ?

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Added on February 13, 2008, 6:45 pmThis topic was discussed quite a bit before. Backtrack through the threads, please.

This post has been edited by hye: Feb 13 2008, 06:45 PM

If I'm not mistaken, the form still exist but it's being sent via mail with your statement. I think I got it several mails back and if you're right the promotion probably already expired already.

Emm ... probably they are growing the CIMB cc business now coz don't see the DA cards being promoted anymore.

Not really. Still got another shot at it - call the call center and ask for it to be sent to your preferred address. Could work if the card is not ready yet.

I agree with you. On this approach the reload is triggered is merely to protect the banks and TNG - it does not benefit the end users at all. Effectively RM50 is like a deposit as the system does not allow you to fall below the RM50 mark.

I like the system better when the card reloads when the amount falls below RM0 back then.

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Added on February 16, 2008, 11:15 pmI guess I'm luckier with Citibank. I used to redeem my points for annual fee waiver in the first few years of membership with them and then I tried my luck for an annual fee waiver and I got it ever since year after year.

Likewise - I called for waiver every year and they gave me. Occasionally they ask me to spend RM200 or so but this is not a problem since paying my bills alone is more than RM 200. My only complaint about them is the low credit limit and they gave me all sort of reasons to make the credit limit increase application difficult. I never had any problems paying my bills with them so very disappointed with this attitude.

This post has been edited by hye: Feb 16 2008, 11:17 PM

Certain banks practice different policies.

For example if you have a Citibank card with RM6000 credit limit, buys something @ RM6000 on installment.
- might as well you keep you card for the next 12 months because Citibank locks the entire RM6000 credit limit out and leaving you with RM0 limit for other purchases.

DA / CIMB cards however assumes the calculations as what cute_boboi has mentioned.

Bottom line .... check with bank how do they calculate the balance of your credit limit once you take up an installment plan.

And not every LRT station which provides that reload facility has a working reload system that works all the time. Emm ... aren't we all going OT with this TNG thing ?

Quite odd coz I own both Mastercard & VISA from DA and then I applied for Enrich Mastercard from CIMB and they didn't say anything like the above. It could be a sudden change in internal policy or the CS made a mistake. Anyone else here have the same experience ?

Some banks do not allow you to own 2 cards of the same type - e.g. 2 Mastercards from the same bank.

You can try provided you have no transactions yet on the card. I've done it before but you really have to insist for it.

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Added on March 2, 2008, 1:24 pmONE Platinum is more like a marketing tactic by the bank to get people on the card. Real Platinum cards have higher credit limit and they have privileges which "suits" the lifestyle e.g Access to MPO corporate boxes, Buy 1 get 1 free Airline Ticket for Business Class, different CS number to call, etc. UOB have different Quarterly publication for UOB cc owners and Platinum card owners - which one are you receiving ?

The very obvious difference is the minimum Eligibility to qualify for the card. You want exclusivity if you hold a Platinum card. The ONE Platinum eligibility is lower means a lot more people can own the card - no more exclusivity.

The acid test - try calling up the airlines (which has the buy 1 and get free 1 promotion) and see whether they recognize the ONE Platinum as one of the Platinum cards you can use to buy the special promotional tickets. (You need to own the ONE Platinum already to try this) If no, then I prove my point already.

This post has been edited by hye: Mar 2 2008, 01:24 PM

UOB got 1 feature that's available at their CDM, cheque facility & GIRO/IBG facility payment which is the Auto Apportionment system. If you pay in full, then it shouldn't be a problem as it will auto allocate the funds between both MC and VISA (or even supplementary) cards.

However, if you have outstanding balance on your account / partial payment - the bulk of the apportionment will go to the account which is incurring the most interest. Should be OK in most cases unless you have a case where you wish to pay all in 1 card and pay just minimum in the other account. (Or something similar) Here you would need to specify NOT to auto apportionment your payments at the CDM & cheque deposit facility. It won't work if you perform the GIRO/IBG and probably you need to make an extra phone call to the CS to readjust your payments between the accounts.

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Added on March 3, 2008, 10:47 pmI destroy my statements after they are 2 years old. (Statuary requirements is 7 years but I think keeping 7 years of bills is rather too much) Some of my statements are already in PDF format. I have a general preference these days for banks which can option out from paper format. (Wish all banks do this for their cc and account statements)

This post has been edited by hye: Mar 4 2008, 07:19 AM

UOB Online is linked to their PayOnline system. It's the system where you are able to pay your bills.

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Added on March 5, 2008, 7:43 amWhat's the rush for you to get a Platinum ? After you get it, you'll find that it's no different from a normal card with the exception of the benefits. You'll enjoy the benefits if you live that kind of lifestyle. Plus, I've got friends who has been holding Gold cards all their life with no upgrade to Platinum and they are happy with it.

Remember the Buy 1 Get 1 ticket ? - It's applicable only to Business Class tickets and the price is 3x-5x the price of a standard ticket.

This post has been edited by hye: Mar 5 2008, 07:53 AM

My point exactly.

It may be true for Classic and Gold card but not with Platinum. More often than not, Platinum cards normally comes with its own privileges that is not owned by either Classic and Gold suited with the "Platinum Lifestyle"

On the same note I noticed that StandardChartered has also lowered their Platinum Mastercard requirement to RM60K per annum. If I remember it correctly, it used to be RM80K or RM90K per annum (Seems like the new entry point is similar for a Gold card several years back for most banks)

See StandardChartered Platinum Info

The VISA version is still high @ RM105K per annum.

If all banks keep revising down the Platinum requirements then Platinum card got no more exclusive value anymore. Emm ... suddenly the HSBC Premier cards looks like an attractive target to acquire.

This post has been edited by hye: Mar 8 2008, 10:38 AM

Emmm ... don't think so.

Income requirements is RM80K per annum. Although you could use your existing Gold card from other banks which has at least RM18K on it to qualify for EON's bank Platinum.

EON's Bank Platinum Card Requirements

This post has been edited by hye: Mar 8 2008, 11:34 AM

On one of the roadshows, I was approached by their OCBC sales rep to apply for the Robinsons Platinum card. I applied but thank god the application didn't went through (I used a new card as reference, sales rep didn't check this) as after reaching home I read the entry requirement and was shocked it was very low.

I think the card main strategy & target market is for people to shop at Robinsons as to get the annual fee waiver, you have to spend a certain amount at Robinsons to qualify.

This post has been edited by hye: Mar 9 2008, 10:51 AM