@hye,
Yes I totally think they should at least give us a good reason when they reject our application. I'm sure we aren't a bunch of unreasonable people; we just get unreasonable when they can't give us proper reasoning

It ain't no biggie sending that letter out; it is afterall a feedback letter and Citibank isn't monopolising the market so if they want to black list me on their own individual record it's fine; they won't be able to do a CCRIS blacklist with BNM cause I've done nothing wrong

@jchong,
I certainly will keep you updated when and IF Citibank responds If some place exceeds my expectation, I too will send a letter congratulating them, not just when expectations aren't met

@IceBikers,
Banks tell me they can't reveal the information as it's P&C - i actually wonder if there's a specific ruling that makes them say it's P&C cause if it's information I want on MY account, I don't see what's wrong

@jchong,
Letting us know why our application isn't approved isn't asking them to give us their trade secrets - it could be as simple as:-
1) U aren't earning enough so we can't give U the increase in credit limit
2) U are owing banks too much $ and deem as high credit risk

@hye,
Sis and I were just having a conversation last night about banks. Apprently, UOB called the house for verification [we figured dad must've swipped a large amount & know he wouldn't pick up unregistered calls when he's abroad]. Apparently all they wanted to know was whether dad was overseas. The bank had refused to let us know how much he swiped [which is fine] but when we asked what currency the bank just repeated their question and asked if dad was overseas. It was when we said he was in Korea that the bank officer told us that he had swiped some korean won *doh* [and that's not even true cause dad swiped it all in USD!]

Anyhow, sis was just saying - the next time a bank calls, she's going to ask them to verify they're really from the bank:-
1) What's my father's name?
2) What's his billing address?
3) How does he normally make his payment?
4) What's his NRIC?
5) What's his mother's maiden name?

Now.. it'll be funny to see how the conversation goes - anyone wanna try and report back to us on the conversation?

@shauyan,
Just use DA Mastercard to put petrol and U'll get 2% rebate off ur petrol purchases. It will be reflected on ur bill and it is only up to a max pump of RM2500 p/month or RM50 rebate

@yewkhuay,
In ur case, he was probably given just a phone number and no additional details. HSBC is centralised so when I had sufficient $ to become a Premier Member and enrolled for it, they just took all my details from their existing database off my record as a HSBC Gold credit cardholder.

@whoknows,
I just make her sound cute *ugh* Shouldn't U be asking if I was available instead of her being available

@yewkhuay,
I never hid that fact did I?! In fact, if U browsed through the posts I made that's 'public information' !!

It sure looks like I should stop promoting MY sister and start some self promoting

This post has been edited by tinkerbel: May 26 2008, 08:57 PM

@vin_ann,
Yes it is time consuming to write an official letter but I think it's important as I want an official reply from them. I didn't post it off, but faxed it off. And if I don't hear from them in 2 weeks, I'm going to re-send the letter; this time I'm going to go through the Citibank Platinum Priority Line

I've tried using the feedback / contact us through Citibank online but again I never received a reply! *grins* I don't want them to tell me my mail was lost in space but well since U brought it up, perhaps I'll just relog in and cut the entire letter into it and send it off

*looks at sis's queue*
*looks at her own queue*
*shakes her head*

@hye,
That's me in a rather shy pose:



Also, this thread's about Credit Cards so let's keep to topic. And unlike sis, I don't need long queues; one individual will be suffice

This post has been edited by tinkerbel: May 26 2008, 11:05 PM

@clawhammer,
Am sure the implementation of this new rule is going to affect U since I've a feeling Ur one of the many who doesn't make full payment .

As far as I'm concerned, as long as I am making full payment before the actual due date, I shouldn't have anything to worry about - this rule isn't going to affect me. I don't know how the rule's going to affect those who make minimum payment as I haven't carefully read the new terms & conditions; I'm one of them who makes my payment in full every month.

If U think the price of ciggies are too high, perhaps U should stop smoking; if U don't it's really UR fault and UR fault entirely! Also, ciggie prices in MY is considered low when compared to other foreign countries esp in the West.

Also, the general rule is NOT to rely on credit if U can't afford to make the payment for interest on credit card charges are v high - it's not smart to spend tomorrow's $ today; and I'm sure there are stuff that U purchase which wouldn't necessarily be considered a need!

@yewkhuay,
Now now - don't U dare to be a smart alec with me



This post has been edited by tinkerbel: May 27 2008, 12:48 AM

@clawhammer,
I suppose U could cancel the card and get new ones just so U haf a clean record. It's a good thing I always make my payment in full so like I said earlier this new rule when in effect wouldn't actually affect me. And, ALL banks will start implementing this beginning 1 June, 2008 not just Citibank.

@David83,
Yeah I'm 'cashless' too *grins* but so as long as Ur able to make full payment at the end of each month I see no reason for us not to utilise the Credit Card facilities. It also helps in accumulating reward points

@yewkhuay,
Yes the total outstanding credit card debts is amazing and growing by the year. Am sure the rest of the nation's going to be following suit especially since we don't seem to learn from other people's mistake

This post has been edited by tinkerbel: May 27 2008, 12:53 AM

@clawhammer,
The other 70% of the Msians who finds this new rule a problem shouldn't be spending tomorrow's income yesterday. It's high time our government did something; it's a scenario of better late than never, right?

@yewkhuay,
I actually do have spare Credit Cards. In fact, I've so many credit cards it's time to cut some off!!!

@clawhammer,
I *think* this new regulation is quite fair. Also, banks were given at least 6-8 months [if not 12 months] to implement this so U should haf complained about this earlier, not now.

I should actually go read up on the terms tomorrow so I have more knowledge to provide more answers here

@clawhammer,
B realistic - toll prices will increase but it will never increase by 200% at one go! *doh*

I think someone mentioned this topic was discussed in Credit Card Thread V2 [i haven't come on board then so *shrugs* I had no idea what was shared]

Also, we aren't rich. We're just careful with our $ and responsible

@nicole_nic81,
U haf a point - credit cards are being issued to easily these days. I gave Citibank a piece of my mind when they tried upgrading my Clear Card to a Gold Card reducing my current total combined limit from RM19k to RM7k. I haven't heard from them but it doesn't matter cause I'm not planning to continue using Citibank as my primary bank.

If the cards are free, I see no harm in keeping it. I applied for the DA Gold Credit Card many years back cause it was Free For Life with no conditions attached and found use for it at last year's PC Fair - a friend wanted to get a laptop and only the local credit cards were offering 0% instalment plans so we signed it off using this DA card of mine

@yewkhuay,
Ur right - I don't like carrying too much stuff in my wallet; it makes it bulky and I don't need so much credit limit. In fact, I carry 3 cards out; 2 Citibank & 1 UOB.

This post has been edited by tinkerbel: May 27 2008, 01:25 AM

@nicole_nic81,
I had sentimental reasons for keeping my Citibank card until they upset me last week *grins* Also, the only CC I have issued by a local bank is my DA Gold Card. The rest are from UOB & HSBC.

@clawhammer,
Embrace it for toll prices are expected to increase further [hopefully with the new Office it'll be delayed]. Not to mention fuel but I suppose it's a good thing for all those who's holding the DA Mastercard cause that gives a 2% rebate on all petrol purchases.

[Hey we're on a CC Thread so I had to bring in some information pertaining to this Thread or we'll be OT]

@yewkhuay,
Yeah that's so v common. The only card I do carry around with me would be Jusco card *grins*

Ok Ok..! Let's not discuss other cards; just Credit Cards please!

@clawhammer,
Except U probably think U haf much more cash to spend for that month and end up buying other stuff.

Ok, I've sorta browsed through the new rules. Yeah it doesn't seem as if it's going to be v good for those who's owing lots of $ to the bank but for those who remains to make prompt payment, the 20-day interest free period is still available

@clawhammer,
I know! I suppose this is one of the measures taken to curb what's taking place in the US?! *grins* Ok Ok.. I'll let U people do all ur ranting cause I'm nice

Ugh.. All this mathematical equations are giving me a headache

@ceo684,
It's applicable for prompt payment; the tiered interest rates are applicable for those who pay promptly. The only difference is for those who doesn't pay the entire full sum, of which interest rates are then calculated on a daily basis from date of transaction based on either 15%, 17% or 18%.

Current interest rates are also calculated on daily basis now @ 18% per annum. I like to know if the interest rates are calculated after the 20 interest-free day or from date of transaction for now.

Also, I made a mistake. All banks start implementing this regulation from 1 July 2008 and not 1 June 2008