Good Morning All,

Say you only have 1 credit card and wanted to go on a holiday
the air ticket for 3 cost roughly RM6k, but your credit limit is only RM4k
surely that transaction cannot proceed, right?

how can you make that transaction without going to the bank and requesting them to permanently increase your credit limit?
i got to know that increasing one's credit limit will take 3-4 business days and you'll need to submit your payslip in order to get approval

depends on the freq usage of ur card. they auto increase the limit if ur an active user... however for ur case above, i think the bank fellas will give a one off chance

they've increased from RM3k to RM4k... average i swipe between RM800 to RM2k

so i just need to call and let them know my purchase so it won't reject the transaction?

which bank u use?Citibank can increase in 1 hour. Other u can call to try.

HSBC...

increase temporarily for that transaction only right?

u could swipe 2 card

HSBC doesn't allow temporary credit limit increase.

From my experience with HSBC, they will ask you either permanently increase the credit limit or "top up" cash to your card (meaning deposit t the difference of cash) in order to ensure that your above transaction won't be rejected.

i personally have only one card, my parents gave me a supplementary one, i never used that...

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Added on July 5, 2008, 12:34 pminteresting... i only have HSBC credit card accounts, which account do i do the top up? go to the branch or just deposit cash in the machine?

but like this also crap... i have also my monthly swipes at the petrol kiosk, means i have to top up quite a lot in addition to my monthly usage?

if that's the case... i'll give HSBC a call then, see how i can get this around

This post has been edited by kenji1903: Jul 5 2008, 12:34 PM

Yeap. Just insert your credit card into the cash deposit machine and deposit the cash difference.

Normally the bank would give an extension of credit limit like at 4k to 6k for the month.
You would have to call the credit card customer service to tell them in advance you would like to do the transaction and also request for credit limit extension.

The safest way to ensure you could use the credit card to swipe for the 6000MYR transaction is definitely to deposit extra cash for the bank put in RM10k in advance, you would able to swipe till RM13999 as long as you tell them in advance

actually it's simple.

Ur limit is 4k rite? but u want to use 6K? then u swipe twice 3k +3k = 6k

but of cos u have to bank in the remaining 2k in ur a/c first. Meaning u have extra 2k in your 4k cc limit rite?
meaning all in all u have 6k so just swipe 3k per tranx cos 4k limit meaning u can go max 4k per tranx but if
u have credit balance in your card then u swipe it also can get through as long it's not 5k per tranx.

That's what i did with all my cc

Well, I did call to HSBC CS to temporary increase my credit limit because I would like to purchase something which is more than the offered credit limit. The HSBC telebanker proposed the above ways that I mentioned earlier. My repayment record at that time was very clean and organized too.

i tried to, when i called up the CS to ask for just a slight increase of 3K and i tell her i got my car loan n houseloan with hongleong bank and my payment record have be very very good , and i will make payment for that extra over limit i wanted the next day.....

She ask me to go the nearest branch to write in and it is in the policy..... i was very very pissed off.

It's Hong Leong, btw.

yewkhuay, they're just following the book. Cannot really blame them even though you're pissed off.

i don't blame the CS, i m just pissed off with the inconvenience caused by the damn rules , if other bank can do it, they can consider it. if they can provide 48hrs loan approval, they can consider giving some privilledge for the loyal high credit limit customer, the last time they increase my limit is when i used up 80% of my credit, then now i just need the favor , the rule doesn't allow it, nvm, there is nothing wrong, just not good enuf.

I understand on what you're trying to say. There's always room for improvement and perhaps you could feedback to them.

So far, I think only Citibank allows or offers temporary credit liimit increase and it can even done over the phone too! As what being advertised in their commercials.

Act, how many of U ever gotten a temporary increase in credit limit when U requested for it? I know for sure I didn't get mine when I asked for it so I've given up hope on ever getting it.

A couple of close friends had the same issues too but from what I read on the forum, a lot of people seem to have been granted temporary increase in CL.

Also, if ur using Citibank, assuming the transaction (above CL) goes through, U are charged a certain fee.

thanks everyone for their very helpful replies

hmm... seems i don't have much choice, huh?
sorry, didn't manage to call the CS today, maybe tomorrow...
cos i just want to increase my credit limit for that single transaction... the last time i called the CS, she only said i can increase it permanently... maybe she didn't get my point...

> famous
why 3k+3k and not 4k+2k since my credit limit is 4k?
the merchant machine is smart enough to accumulate both transactions together and consider it as a single transaction?

> tinkerbel
personal experience with CitiBank? fee charged based on a certain % of the amount exceeding the credit limit? or a fixed rate?

> David83
so its something like half credit card, half debit card right?

I won't call it that way. I rather call it as paying extra.

My father called MBB CS to increase the CL. He had never submitted a payslip before yet they allow.

My experience with MBB also not that good. My first credit limit application by submitting a form is being rejected. They said that my cards haven't reach one year.

Now, I'm applying second time since my card has reached its first annivesary. Let's see how it goes. Hope they don't piss me again this round.

your dad how old?

if i'm the credit card company, i'd trust someone who's 46 rather than 26

i did submit request to increase credit limit for my MBB card b4 too, i got it.

MBB is GLC company, everything they do is follow by the book

I rather choose HSBC or Citi over local banks

@kenji1903,
If the bank has given U its approval for the increase in CL U wouldn't need to split payment 3k+3k or 4k+2k; can just swipe 6k straight away. Also, I think 4k+2k was suggested because that might give a higher percentage of success as compared to 3k+3k *shrugs*

It's a fixed rate of RMx [it's not a big amount; either RM5 or 10] for each transaction made exceeding CL - it's not based on personal experience but it is stated on the monthly credit card bills that come [check the bill - it's right at the top before the entire statement] but u prob can call up and get them to waive it *shrugs*

@David83,
Instead of using ur CC to obtain a 2nd card, Y not just put in an application together with the documentations? That way, they'll be able to give U a card?

@chippy09,
I believe the foreign banks do have to follow rules too I don't think they're any more flexible than the local banks; except their service is probably a level above

I don't understand your statement.

what she wanted to say is use ur payslip to apply for increment of CL instead of card. with this way, ur chances will be brighter to get increased CL.

Both applications I got submit my payslip as well. No use for the first application as the reject reason is my card age < 1 year.

@David83,
If U give the bank ur pay slip and put in all the documentations needed, it shouldn't matter whether or not U have an existing card be it 1 year or less isn't it?

I have that thought in the first time but I guess that I'm wrong.

@David83,
Are U owing the existing CC company $? It could be a reason.

Owing? I have a saving account and a hire purchase with MBB on top of CC. My CC repayment for MBB, CIMB DA and previously HSBC are clean. I don't like to owe these short term loans.

@David83,
In that case, the onli other reason I see for the Bank to reject u is that ur 'total credit' is oredi v high? *shrugs*

> famous
why 3k+3k and not 4k+2k since my credit limit is 4k?
the merchant machine is smart enough to accumulate both transactions together and consider it as a single transaction?

Oh it's just an example ma. If u want 4k + 2k also can one. As long not 5k as ur cc limit is 4k per tranx only ma

Sweat ... RM 5k is considered high! DA offers me double of that with a new application.

@David83,
Total credit refers to total monies owe to bank at time when U put ur application in. If U oredi haf a house loan + car loan + personal loan + CC of RMx CL; the banks will take into account ur monthly salary and see if u are a risk to them or not before they issue U with a CC or give U an increase in CL.

I don't know if that is how they really gauge things but that's what I was told once upon a time by Citibank; though I no longer am too confident about the stuff Citibank tells me cause I get different information from different people *sigh*

I encountered twice:

1) At that time, low CL 7k. Already spent 2k+ on flight ticket to Europe. Check out hotel, 5 days stay @Euro 1.5k (5 star ) converted back roughly 6k+ at that time. Cannot go through. My colleague pay for me. 'Malu-nya'

2) Short by RM300 CL to swipe hotel room in SG. That month travel too much and busy until forgot touching CL. Use the backup card from another bank, can go through. Nearly miss my flight, else have to wait next SIN-KUL shuttle flight.

I need to pay flight + hotel myself and claim later. A couple of days ASEAN trip will easily RM3-5k. That's why can collect a lot of CC points.

@cute_boboi,
Yes, high CL is bears great advantages esp for those who travel a lot but otherwise, most of the time, U wouldn't need too high a CL.

Obviously my salary is different compared to last year and that's why I apply for an credit increase.

@David83,
I know how irritating it can be cause like I said, I too never been given an increase in CL despite being a loyal customer with them throughout all these years. I'm actually not surprised they declined your application for an increase in CL.

My reported salary was RM1.8 p/month when I first applied for the card. I believe the last time I asked for a CL (and was rejected) my reported salary was RM4k. Since then I never bothered getting an increase in CL.

Anyhow perhaps they oredi took into account ur total outstanding monies owed to the bank with ur new salary and felt u were still a risk? *shrugs*

tinkerbel,

Nowadays, I don't even touch 10% of current CL monthly But last month touch >70%. Got additional 50% want to swipe (total 120% of CL), but not enough CL. So, recently I submit permanent CL increase + latest salary slip to MBB. Let's see what they say.

@cute_boboi,
I don't know if it helps but I have heard of some people calling up their CC companies requesting for temporary increase in CL just before they go on their travels. I've never tried requesting as the last time I requested for one I got rejected.

Apparently from what I hear, it's pretty easy to get *shrugs*

tinkerbel,

I'm not that successful either with tel call for permanent/temp CL increase. I have bad luck with all banks and their products.

@cute_boboi,
Though my request for temporary increase in CL was made through the telephone [it was an emergency], my request for permanent increase in CL was put in through letter with relevant documentations enclosed.

Ah well.... I'm no longer interested in wanting an increase in CL so not too bothered about it.

Sometimes is useful, I would say on average once a year nowadays. Recent has one hospital bill comes to RM20k-30k Lucky not to swipe last month, else have to work OT with nurse in white-uniform there

I just found that my MBB credit limit has been approved and increased today after I viewed my details in M2U.

Damn stingy, they upgraded from RM 5k to RM 7k as the new combined limit for my two cards.

When you submit request ? How long ago before they approve ? I'm curious for mine too...

@David83,
Getting an increase is better than no increase right

@cute_boboi,
Get a 2nd emergency card

Already got secondary card from another bank. But consolidating all my TP in MBB

@cute_boboi,
In that case, get a 2nd card from MBB

27 June at a MBB branch.

Not sure if that'll be enough since I might use it at overseas next month. Nevermind, got company card to cover.

Same as what I did now.

well. funny..

i did't apply for any credit limit increase on my credit cards.. but they automatically increase for me and send a congratulation letter stating they recognized me as a valued customer.. LOL

from my experience... banks that automatically increase your limit after a period of time is :-

citibank *
maybank
HLB


* citibank seems to have preference to visa cards.. my mastercard since 2003 did't increase a single cent from initial 3K.. while for my visa they increase like mad to 15K!!! WTF!!
//edit//

This post has been edited by jinaun: Jul 9 2008, 10:41 PM

@jinaun,
Surprisingly, Citibank was never that kind to me

My Master card increased from 3k - 5k after i breached their limit on the first month

Business purpose

I often request for increase around 6k-7k from time to time to cope up with my business expenses. So, I just had to call them, ask(sometimes had to sound a little like begging lol) and they'll be happy to help you.

Just remember to pay off the balance ASAP so that you could get 2nd chance of temporary increase of CL.

P/S : A Thank you sir/madam at the end of the call is very important to expedite the process.

Who is the issuer of your Mastercard?

@temptation1314,
It's never happened to me despite the good credit record I've kept in the last 9 years.

CIMB...

not sure thou.. but whenever i happen to be need of credit card increase of limit, then I'll have to give a call to them...

For emergency purposes.. i think you'll have no problem getting the increase limit. but for normal purpose.. I doubt u will get it lol..

@temptation1314,
I was to undergo a surgery and had wanted to use my Citibank CC to pay the bill but unfortunately as I oredi had used some $ for the month, I didn't have sufficient CL. I did call up for a temporary increase [i thought going for surgery would be considered an emergency] but nevertheless was declined.

That's a very bad customer-relation from them.
One reason why I always ask for permanent CL increase although I always settle the full amt every month as u might never know when u might need it.

@widget,
As the surgery was unplanned, I didn't keep sufficient 'credit' in my CC to make sure I had sufficient $ to make payment unless Citibank gave me a temporary increase in CL. Unfortunately, due to this personal experience of mine, I never believed in requesting for increase in CL.

In the past, I've also asked for a permanent increase in CL but was rejected, twice! I no longer bother about the increase in CL cause I'd given up

Last time with HSBC, they rejected my request to have my Visa CL increase, but they were willing to increase the CL (combined CL) provided I take their MC as well.
Took the MC but cancel it before the annual fee period yet managed to keep the higher CL.
Sometimes also need to play around with them.

@widget,
I was oredi holding both Visa & MasterCard with Citibank hence there were no other options; unless I re-applied for a different category card or got another card from another bank.

I c....
No other options lor!
But a bit leceh to apply from another bank or request for upgrades.

Now I've decided only to hold 1 card from a particular bank, so currently Visa Gold fr Citibank and DA Plat.
Citibank was kind enough to give me 1 yr free AirAsia Gold MC with different CL than my Visa.
After 1 year, just treminate this card

This post has been edited by widget: Jul 11 2008, 02:53 PM

@widget,
Ah well.... it doesn't matter now cause I don't need the increase in CL now.

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Added on July 11, 2008, 3:13 pm@widget,
Ah well.... it doesn't matter anymore cause I no longer need the additional CL

This post has been edited by tinkerbel: Jul 11 2008, 03:13 PM