MBB TP is tied to the principal individual. It does not matter if you have how many TP in one principal card or another supplementary card (edit: meaning supplementary cards tied to the same principal card account, lah), all TP do not expire and can be combined for purposes of exchange.

This post has been edited by charymsylyn: Nov 21 2008, 09:29 PM

No, this practise is quite normal, and either way, the merchant has your CC number on their copy of the transaction slip. Better to frequently check your statement online than worry about this.

Only 10 winners per day and cash back for the actual amount swiped only, what are the odds of more than 1 of the 10 swipes winning (assuming if you win at all)?

T&C: http://www.maybank2u.com.my/cms_upload/Web.../caltex_tnc.pdf

Cash advance is always charged at 1.5% p/m interest plus cash advance fee (usually 5% of withdrawn amount) for credit cards in Malaysia. Cash advance fee plus interest is charged from the day you take out withdraw money up to date of full repayment.

Retail interest is 1.5% p/m (if new account or late payment having occurred more than twice within past 12 months). 1.416% p/m is for people who paid late once or twice within the past 12 months and 1.25% p/m for no late payment within past 12 months.

20-days interest free is only applicable if you have made full payment before due date every month. Each month you do not do so, interest is charged from transaction date (not posting date) till date of full settlement. Transaction/repayment is calculated on FIFO basis.

20 days interest-free for retail transactions is from statement date.

Following your example:

Statement date: 25 Dec
Purchase date: 1 Jan

Assuming new account or no carry-forward balance, 20 days interest-free is counted starting from 20 Jan. 20 days should be 9 Feb. If you fully settle before or on 9 Feb, no interest is charged. If you pay late or do not pay full, interest is charged from 1 Jan (edit: previously 25 Dec) onwards.

Let's say you pay half on 9 Feb and carry forward half. Interest is charged until full settlement before next statement date 25 Feb. If you do not fully settle on or before 25 Feb, interest is charged again on the carry forward balance (plus the interest charged from the period 1 Jan till 25 Feb). This interest (second cycle from purchase date) is charged for the period 25 Feb until 10 Mar, even if you pay full before 10 Mar.

The above cycle repeats itself until full payment.

Credit cards are first in first out, however due to the way interest is compounded, it's far better not to buy more things than your income. If you do buy more things than your income, credit card debts should be considered highest repayment priority.

This post has been edited by charymsylyn: Dec 28 2008, 11:03 PM

Most banks in Malaysia these days offer combined limit cards and UOB is one of them. If you read your card mailer properly, you'll see that it's combined limit. The statement makes the limit type a lot clearer if you didn't read your card mailer properly.

If you are getting rebates on your One card, odds are you wouldn't be getting any points too for the same purchases. In my experience, UOB has one of the best cust service around, call them at night if you don't want to wait on hold and they can clarify better than any of us can.

At the CDM, just select the option to pay for credit card, then it will give you a choice to either enter the card number or insert your card for automatic card number entry. If you insert your card at the start, of course it'll ask you to enter your PIN.

Take the time to read the on-screen instructions or if the option you tried doesn't work, why not try the other option instead?

I checked as much as possible on the website but could not see this as a feature of the card?

I was thinking of getting Bank Islam card just for this feature but it seems their normal classic cards are subject to compounding interest, only their platinum cards and some co-branded classics have this feature.

In Islamic finance, instead of compounding interest, it's called compounding profit rate/management fee/etc, but it means the same thing to the customer as in the customer still needs to pay when taking 'advantage' of the credit card facility.

See here:
http://www.bankislam.com.my/Platinum_Card.aspx

Non-compounded Interest@ Profit Charges
* Cardholders can save up to 8.6% per annum on the profit charges

There is no equivalent-meaning sentence at HSBC Amanah's website, and the PDF of fees regarding the explanation of management fees, is 100% the same as conventional card tiered-interest rate explanation.

Which is why I asked whether the HSBC Amanah card really do not have compounding interest or not. Thanks.

Good news for people who took advantage of the MBB Carrefour cash rebate last year:

http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

It's not wrong to ask, but I think the point is that the person asking the question should at least try to qualify the question a bit more than just "what's the best card?" and expecting others to do their homework. Notice the reply is always the same, another question for more information.

Something like "what's the best card to get fuel rebates, I use Shell/Petronas/whatever?" would result in a definite answer. Help us to help you!

MBB is usually quite strict with first-timers, either they'll reject or give low credit limit. Suggest you try CIMB instead.

I was rejected the first time by MBB, so I managed to get DA with a very nice CL (more than 3x my salary at that time). More than a year later, I applied for MBB again and was approved with lower CL than DA (a bit more than 2x salary at time of application).

Checking with my colleagues who got MBB as their first CC, their initial CL was less than 2x monthly salary, even down to 1.2-1.5x for some cases. Some of their MBB CL is not yet 2x monthly salary despite working for a few years and still only using MBB.

You can try your luck with both MBB and CIMB, it's free to apply.

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Added on January 19, 2009, 11:49 pmThis is a very good point, since he submitted his monthly statements from other banks, PBB already knows that they're not going to make any money off him except for basic merchant fees. Not worth their time at all to consider further.

This post has been edited by charymsylyn: Jan 19 2009, 11:49 PM

Automatic proportion sometimes does not work correctly, in such cases, the card which you have a debit balance will be charged interest and you also lose the benefit of 20 days interest-free (assuming you meant to pay all in the first place).

You can call CS and ask for a waiver of the interest, they shouldn't give you too much hassle.

Not much as in send you to jail or something like that, but being declared bankrupt would mean that your financial future would be very difficult and your passport will be cancelled, so no overseas trips. This can also affect your family in the future if they want to take loans.

Also, a portion of your salary will be deducted for creditor repayment. And if you try to be smart and ask your clients/boss to pay you cash, most Malaysian bosses will try to be funny with you in that they'll pay you less/late or don't pay you at all and there isn't anything you can do to them legally.

No, not necessary. Don't even think you can apply for it anymore. Just register for secure epay service and you can use the card online.

For some reason, cashiers wouldn't use the Wave/Paypass if the customer doesn't indicate it. Seen a couple of times whereby the cashier will swipe normally with a Wave/Paypass-capable card rather than use the feature to save time.

This post has been edited by charymsylyn: Feb 22 2009, 10:13 PM

The 18% interest on the cash advance amount and cash advance fee is compounded daily until full repayment.

On a related note, according to Wikipedia, interest is calculated not only on the unpaid amount but also the entire original amount (both paid and unpaid) until the entire original amount is paid back. This applies for amounts which are past the interest-free period. Not sure if this applies to Malaysia or not.

I just noticed that the 1% admin fee has been showing since my Sept statement. Wonder why it took so long for any of us to notice?