If you wanted to use your credit card overseas or overseas purchase, CIMB DA card do not have transaction fees. Others add 1 to 2% on top of VISA/MC exchange rate.

The only catch I know of CIMB DA card is that you must be a professional or graduate to be entitled to free-for-life annual fee.

As for ATM, Public Bank ATM card can not be used to withdraw cash from overseas ATM machine. RHB very limited. Best is HSBC ATM card.

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Added on November 14, 2008, 2:38 pmOn several occasion, the currency exchange I got from CC is so low that it is available nowhere else in the world (because it's even lower than interbank rates). Heck, it is not even available to the bank themselves, let alone their customers. When you think about that statement, it's truly puzzling. Hence my original posting asking as to whether anyone here know something I don't.



Foreign merchant ----> VISA/MC -----> CIMB -----> You.
AFAIK, CIMB DA is one of the very few bank that do not earn anything from you for foreign transaction.

The merchant makes money from you. VISA/MC makes money from you. CIMB do not charge transaction fee so do not earn money from you.

Other banks do. HSBC add 1% on top of VISA/MC charges. PBB also 1%. EON adds 2%.




This post has been edited by Optiplex330: Nov 14 2008, 02:38 PM

How come my UOB card got such charges?

13 November 2008 14 November 2008 SMART PROTECTOR PREMIUM 1.15
13 November 2008 14 November 2008 SMART PROTECTOR PREMIUM 1.11

What is the SMART PROTECTOR PREMIUM?

Just wondering if any of you can help. What is the difference between the HSBC Amanah M-Power Credit Card and the normal HSBC credit card? I heard the HSBC Amanah one is like an Islamic-Banking card. Is there any effect from using it or any terms? I can't find any info of this on their website since it is not updated yet.
Thanks

It is pretty much the same. You will get point for the normal HSBC credit card. As for the HSBC Amanah MPower Credit Card-i, you'll get 0.5% cash back instead.

I see. Thanks for the info. mate.

But regards to the Islamic Banking part, is there any limitation to customers or non-Muslims? I'm applying for the HSBC card and they asked me to take the MPower because it's newer.

What kind of limitation?

I'm holding a Islamic based credit card.

what is the cc that comes with no annual fee for life except petronas card? is there any other?

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Added on November 15, 2008, 12:23 am2nd question, let say i have a cc from maybank with credit limit 2k, and i apply for 2nd one, the credit limit is combined or different?

This post has been edited by Seng_Kiat: Nov 15 2008, 12:23 AM

I'm not sure. Maybe like not being able to use the card in non-halal places?
Since Islamic banking does require to follow Shariah laws.

There are a few others like HSBC which only requires you to perform a minimum amount of transactions to keep the card free year after year.
For credit limit from a particular bank, it is the combination of all cards combined from that same bank. The only way for you to increase the credit limit is to request specially from them; but usually they will review your financial status before approving any credit limit increase.

For Maybank CC, it'll be a combined limit. However, for Ikhwan series cards, the limit is not shared with the conventional, meaning to say it has seperate limit.

yeah, i was about to ask this question when saw ur previous post.

use islamic credit card to pay Alcohal, clubbing and chinese restuarant.

but thinks back, it's just the principle uses islamic rules, but usage is just up to us individual who own the card. so i thinks, we can use islamic CC to pay non-halal services & goods.

Recently I bought kitchen cabinet set and service from a kitchen specialist and paid the progress payment using credit card.

They are very clever to request until 90% of the total amount before the installation. Then left 10% after everything is done and you satisfy it, you pay the remaining balance.

However, the installation job and certain things are not as good as promised.

As the credit card holder and consumer, do we have the right to request our bank to revert that credit card payment and charge back the merchant due to undelivered of service as promised?

Banks are not looking at FOREX, they want late payments and minimum payments customers

On foreign currency conversion rate. It's entirely done by VISA/MC and my bank has absolutely nothing to do with it. So what you said has nothing to do with this particular case.

In this particular case, it seems VISA/MC is MAKING A LOST (by giving me BELOW wholesale market rate) and that can not be true! Hence THE mystery that I am trying to decipher.

From the posting so far, nobody seem to have an answer to this mystery.

yeah. perhaps all the promotions with the islamic credit card will be halal-focused, but if the user wants to use for any non-halal products/services, should be okay as well I guess.

when I first applied for the HSBC card, it was for their normal card which has rewards-system, but now they called and offered me this islamic cash-back card (there seems to be no standard/gold/platinum variation with the card). oh well, as long as it is still HSBC, I'm okay with it.

Hmm. I'd like to know about this too. Then it would be very useful for us, consumers.
But come to think of it, just say we are paying for such a thing with cash, there's no way to get back also.

From your previous post, only CIMB right? So maybe they haven't thought of it, or are in the midst of implementing it, or there is a glitch somewhere in their terms.

Most probably it is the insurance plan.
Was asked to fill in a UOB card form that day, saw a column at the bottom for insurance. Something like Every RM100 outstanding balance will be charged RM0.60 for insurance (if you decided to take it up)

Affinbank insurance is way cheaper.. RM0.2x for every RM1000 outstanding if i remember correctly

Need some helps here

I saw Maybank offer AMEX Credit Card and Charge Card.
Just want to know more about the charge card part, any Maybank charge card user please help

1) How was the design for the Maybank AMEX charge card? Is it a soldier inside a green card, or a Yellow Card that only have the "AMEX" small sign at the right bottom of the card? I ask the staff inside Maybank, she seems also not clear about the design. Personal prefered the "Soldier in Green"....

2) For the Membership Reward Programme as stated as the brochure, we have to pay RM 25 for each year right? May i know is the point earned consider as Maybank Treatpoints or it is other type of rewards point, if it is Treatpoint it will be great for me as i can use the Petronas VISA + this AMEX to redeem the gift faster, hehe...


Thanks for the helps..

Dear all,

Currently, which banks offer "Free For Life" credit cards with cash rebate promotion?

CitiBank, you get a 'free' laptop... cheack this out..http://www.jayceooi.com/2008/02/03/shell-citibank-credit-card-hp-compaq-presario-pc700-notebook-specifications/

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Added on November 15, 2008, 2:15 pmhttp://www.jayceooi.com/2008/02/03/shell-citibank-credit-card-hp-compaq-presario-pc700-notebook-specifications/

This post has been edited by minhal: Nov 15 2008, 02:15 PM

That offer has now been replaced with a promotion for a GPS device. Both of which, I don't think is worth it at all.

I already request for maybank petronas card, normally how long it takes? is there any hotline that I can contact to know the status?

What is the other card that is free for life and not from Maybank? what is the card name? thanks.