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

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

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

i dun thinks HSBC will give higher credit. its all depends on the individual. for the fresh grad, the credit will be low. while my DA gives me the highest credit among others.

---

Added on May 8, 2008, 12:34 pmupdated.

This post has been edited by vin_ann: May 8 2008, 12:34 PM

it's seems like the income group people is not matched with the Platinum.

since we are lower income, why need to get Platinum le?

lower income = lower expenses = classic / gold card

higher income = higher expenses = Platinum.

this only make sense ma.

yes. at the end, you just put into the album for display.

noted and updated.

oh yeah, tht day in PC fair, the amex promoter got mention this to me. 0% installment for 6 months. but it's need to be RM1,000 minimum.

the RM1,000 can be anything. be it cash advance, retail transactions.

you know what he give the example, he mentioned that, you can treat your friends meal using the Amex and hit the RM1,000 and ask for the 0% installment...

so tht's time when people will find ways to reduces taxes by buy PC, books, and etc etc

i guess it's better to buy insurance from the agent, as there is some1 to serve you. while buying from bank, when the time u face problems, you need to call bank and you dun know how to claims the insurance. and worse, you need to do it during office hours.

you not yet get ur credit card already asked so many questions. shdnt you learnt to walk before you can run?

having a credit card is sound cool, but actually when u really own 1, its different story, u will enjoy using CC and keep spending.

ya. 4k limits is common for fresh grad.
anyways, citibank is just gives 3k for fresh grad.

anyways, not many people treat their credit card as charge cards.

im same case with u.

but my citibank gives me about 2x of credit limites.

while my 1st HSBC card gives me 2.5x, when im fresh grad getting 1.5k.

@Tinkerbel,

yes. Citibank gives me the lowest credit limits. last time, if not the Myvi Promotions, i wont apply for the Citibank CC.

now just use for the utilities payment online only. never let the my Citibank CC see the lights.

while for HSBC, after 1 year using, it's auto increase the credit limits by RM500

OMG.. im totally forget about CIMB DA card rabates on all the petrol station.
guess im have not left KL at the movement, so does not need DA...

anyways, you have remind me of this features. thanks

yeah. previously i redempted my UOB cash rebate at the Carrefour for about RM20...

now accumulated got about RM20 plus also... this time, going to accumulate higher...

yes.
yesterday pumped RM50.01 to entitle 1 entry...
got cash rebate as well..

i got my Great Eastern OCBC CC, so can not apply this...

is it? last time i got asked, whether i can cancel my UOB ugly Master card, the CS said can, just need to write in to cancel the card. tht's all.

i thinks all UOB CC use 6 times per year will get waiver.

huh? got GE CC card, what card else u got?

u mean visa and master ??

i thinks mayb your income is qualify to get a robinson card, tht's why u got it.

@Tinkerbel,

most of people is seduced by the design. and some of us is still "young bird".

for me, im just stick to my UOB One card.
last night, one of my friend suddenly msn me, and asking me to apply UOB card from her. she keep telling this and that, too bad i got the card already.

then she promote insurance, which is called "bijak Malaysia" only selling by Bank. ops... wrong topic... i better end here.

You are right. it's Public Bank.

Public Bank HQ is just beside my office... most of the time go Public bank have lunch... always see the banner.