That's not entirely true. e.g. if u want to get SCB Infinite -

1. Just show them another card with a min credit limit of 60K (they will back derive your income for credit processing purposes)

2. Earn 50K a month and give them a payslip.

My mistake. Massive typo. 150K p.a. only.....don't know how I wrote 50K per month!

But very sure on credit limit for prompt cases - 60K credit limit on your other card to qualify

No worries. No, I don't. I have "retired" from there. haha

how about yourself?

Used to do cards a bit in my past life. A bit rusty - but take this with a +/- 10% deviation.

1. From the bank's perspective - 50% of your utilization every month is considered fairly good. The average industry utilization rate is approx 30%. This means you spend more than the industry from a utilization of credit limit perspective.

2. If you pay more than 40% every month - loosely speaking - you revolve on about 10% of your balances. Banks would still classify you as a Transactor (TR). the three other classes are Occasional Revolver (OR), Mid revolver (MR) and High Revolver (HR). TR's pay in full or 90%. Conversely, HR's revolve on 90% of their spending. Again - from a very simplistic manner - banks prefer non delinquent MR and HR customers - as they contribute more to the bank's bottomline.

3. For card upgrades - some banks do so automatically, using their scoring standards. Having said that, they also do take into account your spending and repayment patters. For your case - since u are the one that's initiating an upgrade - the bank will normally request for more information. e.g. payslip (if your pay has increased) or another card with a higher credit limit (to bank derive your income).

No worries.

Revolving and Spending may not be positively correlated yeah.....

1. E.g. - I may use 80% of my credit limit every month - but I also pay in full every month - that would still make me a transactor.

2. E.g. - I may max out 100% of my limit in the first month - and in the subsequent months to come - I don't spend at all and just pay the minimum amount due - that makes me a Hard revolver.

Loosely speaking - banks prefer active users (at least 30% of their Credit limit) utilized consistently. This is only your spending profile. From there - of banks will generally prefer MR and HR revolvers. i.e. customers that pay only 5% to 30% of the amount due.

However - just my advise - please do not do this, if possible. Pleasing the bank by revolving intentionally is not what u should do.

To answer your question on your upgrades or CL - i need to know which card u are using. I would be able to offer a better opinion then.

1st year waiver only.

After that, it's based on their usual spends / repayment matrix to determine eligibility of waiver.

Personally - if u ask me, their anti-attrition team is so aggressive, that it shouldn't be a problem to get a waiver.

No - my wife and godsister are in SCB, not me.

Hi, what do u all think about Alliance you:nique card?

Do u think the personalized card picture is a very unique proposition?

I mean.....it's the first picture card in the country......and they do have some programs like 9% interest rate, or 2x rewards points or up to 2% cash back......but they don't seem to have any good tie ups with any merchants...

do u think this card has any "flash value"? Other than getting a nice picture on your card - do u all think that this card has any spending proposition to it?

Let's discuss.

That's the reason why it is so hard to reconcile your interest charges. In the new BNM tiered pricing, Interest is accrued from the respective TRANSACTION DATE. No longer from your statement due date.

E.g. If you have multiple transactions within the month, let's say u only pay 30% of the amount due. The interest charged on the remaining 70% will be accrued back to the different various transaction dates....which can be complex - because a person normally engages in multiple transactions per month.

No - this doesn't necessarily show bad credit from the bank's perspective. However, pls understand that u know best how to manage your own finances....Not my right to ask u to relook into your spending patterns etc.

Just to share my opinion SOLELY based on the bank's point of view.

1. U don't have bad credit provided u pay the min 5% due each time - which u do considering u pay 50% of your debt consistently.

2. Banks LOVE customers like you. Who consistenly spend 4K every month (I'm not too sure what your CL is)....But assuming it's 10K - u spend 40% of your limit every month. Everytime you spend 4K - the bank earns about RM 48 in Interchange Fees per month. My friend - they get approx RM 576 per year from you, just from your spending ALONE. This does not even include Interest from your revolving balances.

3. You revolve consistenly every month - assuming u have not been delinquent - the bank earns 15% on your outstanding. Of course, the bank loves you.

4. If u really need to increase your CL - just state that the facts above....should be a good basis for a review. Unfortunately, the bank may be a Bit*h and ask for supporting docs.....

This post has been edited by Phoeni_142: Jan 29 2009, 12:50 PM

No worries, glad to have helped.

You are right about the CCRIS report showing your outstanding balances....But i'd just like to point out 2 issues.

1. From the CCRIS printout - provided u pay the 5% every month - it will show a string of "0" e.g. if u pay late by 1 month - it will show a "1".....As such, a string of zeroes shows that u are a good paymaster.

2. The outstanding balances on the CCRIS printout is a different matter alltogether. It is NOT used as a proxy to establish repayment behaviour - however the bank will use your outstanding balances to compute their debt burden ratio's etc. In that sense, u may be viewed as too highly geared or exposed to credit.

good luck.

Depends on the tripwire's of the banks.

Normally, there are 2 transactions which will "arouse" a bank's suspicion.

1. Cash Advance - Please be very careful here. A huge cash advance vs. your credit limit will normally indicate that u are of a higher risk profile.

2. Consistently high utilization of your credit limit - normally consistent usage of at least 85% or more of your credit limit would indicate that u are quite a risky player.

3. Point 3 is subjective. For instance, some banks may have some "tripwires" in place for high-risk or fraudulent transactions....e.g. Overseas travel or bulk purchase of jewellery. Don't think it will really affect your risk profile here though - just affects your convenience.

Hi,

Property investments are my passion, but my day job is still in banking.

Many people fail to realize that cards is a very important indicator which banks use to determine a customer's risk profile. Your card conduct may even affect your mortgage or HP application.

As such, I'm glad that you're asking questions related to risk profiling, rather than just features, features and features.

Good luck!

1. Yes, u are right - provided u pay 50% of your outstandings in a consistent manner - generally, the bank views u as a profitable customer. However, u may still be viewed as a "higher risk" profile - and your requests for credit limit upgrades may be adversely affected here e.g. - due to frequent cash advances etc.

2. If u hold a c.card in citibank for example - and wish to apply for a Home loan in citibank - their credit dept would have more internal filters to review your credit card conduct.

3. Other banks can only see your CCRIS record provided u submit a fresh loan application to them. They have no right to check if u do give them your consent via the application. Yes, u can see the months in arrears and outstanding via ccris.....however, the details such as Cash advance, type of card transactions can't be seen from there.

cheers.

1. If u do not pay in full - even 95% of your bill - YOU DO NOT enjoy the 20 days grace period anymore. It will accrued back to your transaction date.

2. For Late charges - same thing - from your transaction date.

when u are talking about credit score - it's only related to that particular bank's internal credit score. Then yes, it will help if your repayment history is consistent and good.

there is no universal credit scoring that is used in M'sia currently. CCRIS is not a credit scoring system.