Let's continue your discussion in this new thread.

1. Visa
2. Mastercard.
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. Etc.

1. Annual fee matters

No need to request for waiver
CIMB Direct Access Platimum and Gold - requirement Professional/Graduate.
UOB Platinum - got to have BOTH MasterCard and Visa and swipe minimum 6 times/card.
Alliance Platinum - swipe 12 times a year or spend RM3,000/year.
RHB Evo - got to swipe once a month or RM8 is charged for that month.
OCBC Platinum Robinson - got to spend RM8K/year inclusive of minimum RM1K at Robinson
MBB Flex -got to swipe twice a month or else charged RM3.95
Citibank Choice - 2 transactions in a month
CIMB Mastercard Paypass - free for life without conditions

2. Tap and Go - no signature required matters

Visa Wave - MBB, UOB
Mastercard Paypass - CIMB, CIMB DA
Visa payWave - MBB Petronas

Paypass limited to RM120
Visa Wave limit should be RM150


3. Important Notice for CIMB and CIMB DA card holders

New CIMB i-pay.plan

4. Credit Card linked to Petrol Giants

BHP-UOB
Shell-Citibank
AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations.
Petronas-MBB Visa Gold with payWave (free for life with no conditions)
Petronas-CIMB Mastercard Gold (free for life)
All petrol brands with CIMB DA Mastercard with rebate up to 2% monthly*.


5. Standard financial charge (interest rate)

Retails purchases: 18% p.a or 1.5% p.m from statement date upon paying the minimum amount.
Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.

*warming
new BNM ruling whereby if you are not a full pay master of your credit card for the past 12 months, beginning from June/July 2008, all your transactions would be charged finance charges (17% p.a.) the moment you swipe. It means irregardless what you buy be it petrol or PC parts, it will have finance charges starting on the transaction date itself.

6. Complementary Cards

1) Citibank - Just deposit and maintain RM200k
2) UOB - Opening deposit of RM300k with maintenance of RM200k
3) Standard Chartered - Deposit & maintenance of RM200k
4) OCBC - Opening deposit of RM300k with maintenance of RM200k
5) HSBC - Deposit & maintenance of RM200k

7. Amex - Charge card
AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations.

Another benefit AMEX have over others is that they presently have 6 months 0% installment for any transaction. AMEX is truly 0% as they is no handling or surchage fees as compared to DA and UOB.

8. International Transactions
Mastercard and Visa charges a surcharge on top of the exchange rate. The banks also choose to charge an additional administration charge on top of that

Maybank: 0.5% (waiting verification)

CIMB/DA: None

Hong Leong: 1%

PBB: No Info

Citibank: 1% --> verified by tinkerbel

HSBC: 1% --> HSBC will also charge a Misc fee; bank isn't able to provide details on what that is but according to CS whom I spoke with, there's a small misc fee. (contribution by Tinkerbel)

EON: 2%

UOB: NIL

Standard Chartered: 1%

Credit Card Cancellation Letter

[Your name]
[Your address]
[Date]

Dear Sir or Madam:

Please let this letter serve as notice that I am terminating my credit card account effective immediately. Please close the following account:

Credit Card Company: ____________
Account Number: ________________

Please send me written confirmation that my account has been closed. Also, please confirm that you have notified all appropriate credit card bureaus that this account was closed at my request.

Thank you for your prompt attention to this matter.

Sincerely,
[Your Signature]



Credit Card V2 Thread

This post has been edited by vin_ann: Jul 14 2008, 11:47 AM

@vin_ann,
U forgot to mention Complementary Cards (it was first brought up by lwb if I'm not mistaken). Most banks do give these complementary cards out:-

1) Citibank - Just deposit and maintain RM200k
2) UOB - Opening deposit of RM300k with maintenance of RM200k
3) Standard Chartered - Deposit & maintenance of RM200k
4) OCBC - Opening deposit of RM300k with maintenance of RM200k
5) HSBC - Deposit & maintenance of RM200k

Am not sure about MBB, CIMB, PBB, HLB.

sure.
anythings im miss out, pls do let me know ya.
i will update.

today applied UOB card coz KESIAN the credit card lady..... she gave me a toiletry bag which i hav many better at house....

UOB One Card?
then u have the chances of wining the 50% off petrol for 1 year. haha.

@yewkhuay,
Nice or not the toiletry back? Nememind lah.. next time U come over me house stay the night, bring the bag along - that way you can keep ur toothbrush and shaver inside it

This post has been edited by tinkerbel: May 7 2008, 11:23 PM

beside apply the card,did u get her phone number?

@wvt,
U don't tell me u apply credit card only because U want to kau lui?!

got such thing? she didn't tell me...

when can i come over????

oh, u wan?

@tinkerbel,
For CIMB (via entry to CLUB CIMB), I can't see a similar availability for a Complementary Card but instead they offer a pre-approved CIMB Enrich Mastercard Platinum. The requirements for CLUB CIMB would be ...

Individual depositor with a credit balance of RM150,000 and above.
Individual Unit trust investor with an investment amount of RM100,000 and above purchased through the bank.
Individual mortgage customer with a good track record and facilities of RM500,000 and above.
New mortgage customers with facilities of RM500,000 and above.
Individual holding a credit card with a limit of RM75,000 and above with good track record.

However, if you were to dig further into the card Q&A, it mentioned about the a chargeable annual fee of RM388 p.a. for Principle and RM198 p.a. for supplementary cards.

---

Added on May 7, 2008, 11:30 pmI got many nice toiletries bag from my trips. (I get to stay many nights ?)

This post has been edited by hye: May 7 2008, 11:30 PM

@hye,
With so many banks offering 'free' cards I wouldn't want/need to pay such subscription! Am not interested in a CIMB Credit Card anyways *grins* Already have a DA so that's good enough *grins*

Er.. U got to get yewkhuay's permission, then my folks and then the rest of the darling's!

@yewkhuay,
U come over often enough what! Don't pretend pretend lah !!!

This post has been edited by tinkerbel: May 7 2008, 11:33 PM

@hye,
queue up! bro...

@tinkerbel,

but i haven't even entered ur lovely room.....
enuf for spamming....

Yeah DA cards are good enough actually. The only downside is their reward system sucks

---

Added on May 7, 2008, 11:40 pmJust trying my luck ... (Still queuing)


This post has been edited by hye: May 7 2008, 11:40 PM

@hye,
You're absolutely right. I don't like it that their points expire yearly but I don't use it as my primary card so it's ok i guess, just use it for whenever I need; such as 30% discount off Beauty & The Beast tickets, etc

my hsbc card reject liau.I also donno why =(

is hsbc very strict?normally do hsbc give high credit?

how about alliance bank?i see many alliance bank agent promote credit card now.requirement for gold and plat more high for alliance.anyone got their card?

@siutimtim,
HSBC rejected ur card? Now that's weird cause I didn't think it was that difficult to obtain a HSBC card. Everyone I know who applied for a HSBC card received theirs.

Yes it does seem that HSBC gives pretty high credit limit - I've just slightly above RM50k credit from HSBC.

direct accesspoint last for 3 years...

@arsenal,
I'm surprised cause I first started using me card last year and the points which were accumulated expired last November; I only found out in December! Should I call and make a big fuss?

Only if you are a Platinum card holder. Gold card holder points last for only 1 year.

@tinkerbel .... there's nothin wrong with your points statement

can use ur card to pay d/p for a house dy......