I think my bank hates me, so I need to ask this question for confirmation:

Will banks terminate your credit card account if you don't carry a balance and spend only RM20k per year?

If any of you have ever heard of this happening before, please share.

Then why did I receive only 1-years' validity last year (previously, card validity was 2 years)?

And now, my card will be expiring end of January and I have yet to receive the renewal card. Previously, the renewal card arrived 1 month before expiry.

Standard Chartered. Yes, called up card centre and they said card will arrive by 10th latest.

Regarding card validity, I think it does mean something. 3 or 4 years...bank trusts you. 2 years...usually new card users on probation. 1 year...bank doesn't want your business. Am I wrong about this?

More importantly, why would a bank delay delivery of a renewal card?




Yes, but if Standard Chartered is going to cancel my card for god knows what reason, then what's to stop another bank from doing the same? That's why I asked the question. If my card usage is not what banks like, then it's no point bank hopping.

This post has been edited by satur9: Jan 12 2008, 04:01 PM

Nope it doesnt mean anything..

Each batch of card issued will have different programs/features..its very technical so its not easy to be understand.
Banks have planned new features/upgrades for 2-3 years ahead so they have planned the card rollout.

OK, I hope you're right.

Delay?
Not to be rude, but u worried too much i can say.

Maybe I'm too insecure, LOL. Always over-analyse. But if you guys think I'm worrying over nothing, then thanks! Hope my card arrives next week.

I had Standard Chartered card before. I can safely say they issue card for 1 year and then extend further.

Well, there you go. That's what I'm talking about. The longer the credit account, the longer the validity, right? The first 2 times, I got 2 years...then suddenly reduced to 1 year. And now...looks like no card at all.

I think you worry too much for nothing. Same advise, if you think the bank is wasting your time - just apply to another bank simple. Unless of course you have bad credit history (which only you can answer this, no offense) then no one can help you.

Never ever had a house loan, car loan or any other loans. So definitely no credit history. Only 1 credit card. Never late, monthly balance always settled in full the past 5 years.

So...see why I'm asking the question in the first place? Why does the bank think I'm a bad customer? There must be a reason.