One good site to add from [url=http://www.bankinginfo.com.my]http://www.bankinginfo.com.my[/url]
[u][size=7][b][url=http://www.bankinginfo.com.my/02_know_your_products/0203_knowing_your_cards/overview.php]KNOWING YOUR CARDS[/url][/b][/size][/u] [i](pls spend some time reading it up, especially for first time card user)[/i]

1. Visa
2. Mastercard.
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. Etc.

[b]1. Annual fee matters[/b]

[u]No need to request for waiver[/u]
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

[b]2. Tap and Go - no signature required matters[/b]

Visa Wave - MBB, UOB
Mastercard Paypass - CIMB, CIMB DA
Visa payWave - MBB Petronas

Paypass limited to[b] RM120[/b]
Visa Wave limit should be[b] RM150[/b]


[b]3. Important Notice for CIMB and CIMB DA card holders[/b]

[url=http://www.directaccess.com.my/pdf/I.pay%20Plan(E-11Mar).pdf]New CIMB i-pay.plan[/url]

[b]4. Credit Card linked to Petrol Giants[/b]

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*.


[b]5. Standard financial charge (interest rate)[/b]

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.
[color=red]
[b]*Malaysia had adopted tiered pricing interest rate: [url=http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1467]BNM Press Statement[/url][/b][/color]

[b]6. Complementary Cards[/b]

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

[b]7. Amex - Charge card[/b]
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.

[b]8. International Transactions[/b]
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% -->verified by Hye

CIMB/DA: DA - 1% (starting April 2009 - by hye)

Hong Leong: 1%

PBB: 1.25% ([i]thanks to the link by prasys[/i])
[quote]Transactions incurred will be converted to Ringgit Malaysia using US$ as the base currency on the date the item is received and/or processed at such exchange and at such time as may be determined by Visa International/MasterCard Worldwide at its absolute discretion plus administration cost of 1.25%. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and the Cardmember shall bear all exchange risks, losses, commission and other bank charges which may thereby be incurred.[/quote]
[url=http://www.pbebank.com/en/en_content/personal/rates/cards.html]http://www.pbebank.com/en/en_content/perso...ates/cards.html[/url]

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%

AMEX card: 1.5% charge + 0.5% (provided by Hye)
: an additional 2.5% (provided by tinkerbel)


[size=7][b]Credit Card Cancellation Letter[/b][/size]

[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]


[color=red][b]Cash Advance fees[/b][/color]
5% of cash amount (min RM20), and
18% p.a. daily interest
(N/A for Ready Cash)
[b][from Citibank][/b]

Cash Advance Fee :
The cash advance fee is charged
to any withdrawal of cash made.
This is imposed for each cash
advance transaction.
5% or RM20, whichever is higher.
[b][From UOB bank][/b]

Cash Advance Commission/Fee*
VISA/Mastercard (Both Classic and Gold)

Flat rate of 5.00% of the total amount of cash advance
Min: RM10
[b][From Maybank][/b]

Cash Advance Fee
5% of the amount drawn, subject to a minimum of RM15, whichever is higher.
[b][ From Direct Access][/b]

Cash Advance Fee
5% of the amount drawn, subject to a minimum of RM15, whichever is higher.
[b][From CIMB][/b]

Cash Advance fees
} The cash advance fee is 5% of the amount advanced or a minimum of RM15. Whichever is higher. This is imposed for each cash advance transaction
} For HSBC Amanah Charge Card, cash advance is capped at RM1,000 per transaction and a fee of RM60 per transaction will be levied
} For cash advances made over the HSBC banking counter, there will be an additional charge of the following:-
- RM50 on credit cards issued by local banks other than HSBC - RM20 on credit cards issued by non-Malaysian card issuers (including JCB)
- Cards issued by HSBC Bank Malaysia and the HSBC Groupare exempted from this charge
[b][HSBC][/b]

Cash Advance Fees/Casino Chip Fees
The cash advance fee is 5% of the amount advanced or a minimum of RM15, whichever is higher. This is imposed for each cash advance/casino chips transaction.
[b][From OCBC][/b]

[url=http://forum.lowyat.net/topic/594906]Credit Card V2 Thread[/url]
[url=http://forum.lowyat.net/topic/691229]Credit Card V3 Thread[/url]
[url=http://forum.lowyat.net/topic/741933]Credit Card V4 Thread[/url]

[b]Useful information[/b]
[url=http://www.bnm.gov.my/files/publication/ar/en/2003/cp04_005_whitebox_banking.pdf]BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here, page 123 has the guidelines.[/url] [i](Courtesy of tishaban)[/i] (thanks awaynoway for the updated link))

Credit information:
CCRIS: [url=http://creditbureau.bnm.gov.my/]http://creditbureau.bnm.gov.my/[/url]
CTOS: [url=http://www.ctos.com.my/]http://www.ctos.com.my/[/url]
BRIS: [url=http://bris.com.my/index.html]http://bris.com.my/index.html[/url]

[b]FMB - Financial Mediation Bureau[/b]
[url=http://www.fmb.org.my/index.htm]http://www.fmb.org.my/index.htm[/url]
[quote]The Financial Mediation Bureau (FMB) is an independent body set up to help settle disputes between you and your financial services providers who are its members..

The FMB provides you with free, fast, convenient and efficient avenue to refer your disputes for resolution as an alternative to the courts. These disputes may be Banking/Financial related as well as Insurance and Takaful related .[/quote]

[i]Disclaimer: If there's anything one wants to update on this first page or if there's any information wrong, pls PM me and I'll update if it's relevant.[/i]