You:nique card 9% option

Your finance charge is only 9% p.a. for the first 12 months, and thereafter it is subject to your payment behavior in accordance with Bank Negara tier interest guidelines. If you consistently make minimum payment every month, the finance charge remains at 9% throughout the tenure of the card.

From above, after the 1st year, it says if you consistently make minimum payment then you enjoy the 9% interest. What if you pay more than the minimum payment?

Rule No.1, do not have outstanding balance.
Rule No.2. see Rule No.1

You:nique card 2X rewards

Means you get twice the reward points as compared to the cash rebate option. If you ask me, just forget about this option and take the cash rebate option where you get cash back and reward points.

You:nique cash rebate

Please note that the cash rebate is based on tiers and up tp 2%. If you have read previous post in this thread, the max cash rebate is something like max RM68 where no cash rebate is given if you spend more than RM5K for each statement period.

Click here to read more on my comments on You:nique

Direct Access Card - if you are a graduate or member of some profesiional board you will get free for life annual fees without any conditions attached.



Since you spend so much, may i suggest that you get an AMEX Gold Charged Card (because Plat Charged Card hard to get AF waiver) where you won't technically have a credit limit and at the same time they do have pretty good offers (presently 8X rewards points for petrol and groceries) and the "cash back" in terms of redemption is 1.5% if you sign up for 3X Turbo irregardless of how much you spend.

Click here for more info on Amex Cash Redemption

That is true that not everyshop accept AMEX but based on your spending power I see no harm getting AMEX where they do waive annual fees for their Gold Card if you request for it. Most established and chain shops in the malls do accept AMEX including hypermarkets like TESCO, JJ Supermarket, GIANT, etc. and even Air Asia. Anyway it is just a suggestion.

I picked up the AMEX Gold Credit Card application form this morning and its states minimum income RM36,000 and no mention of Graduate.

Also the form does not state that one have to be a Maybank account holder to apply. Where you got that info?

thanks for the link

Who can apply?
Malaysians and expatriates with a minimum annual income of RM36,000 (Graduates RM30,000)
Principal cardholders: those between 21 to 65 years old
Supplementary cardholders: at least 18 years old

but no mention that need to be maybank account holder in the above link.

In the application form it does mention for online payment -

IF you have a Maybank2u log in Id, you can settle statement by logging on to www.maybank2u.com

There is no other reference to maybank account besides the above.

This post has been edited by Gen-X: Jun 19 2009, 10:26 AM

well you guys are right as far as the "Note" in maybank website but none stated in application form nor at American Express Malaysia website.

So I called the number 603-22958877 mentioned in FAQ from link given by he-sham and spoke to a guy there. Good news, you don't have to be a maybank account holder and you can just fax the application form to him directly with just a photocopy of your credit card and no need submit the other troublesome documents.

This post has been edited by Gen-X: Jun 19 2009, 11:52 AM

call and ask and you will get immediate confirmation

yes you can fax in your application form to AMEX. Actually, you can apply CC with most banks by just faxing in your application forms. Just call customer service and if you can't download the application form they will fax to you the form and you can just refax back to them.

I also faxed in my AMEX Gold CC application form to the number as mentioned by he-sham.

AMEX Gold CC points are Membership Rewards (MR) points. As for your question on RM50 shopping vouchers, here are some examples:

7,500 points for RM50 Coca Restaurant
8,500 points for RM50 DOME voucher
9,000 points for RM50 Robinson, Metrojaya, TGIF voucher
9,500 points for RM50 Guardian, Watson, Parkson voucher
10,000 points for RM50 Petronas, Tesco voucher

For more info, go to Amex website and click on Membership Rewards

The reason why I want Amex Gold CC is purely because of 5x reward points for petrol, groceries and books (presently Amex charged card having promotion 8x for petrol and groceries but ending soon). There is no gimmick here, other CC gives you 5X or 10X points only on certain days in a month (how to remember?) where as Amex you get 5x everyday of the month.

Why is the 5X membership reward so good? Well AMEX allows you to convert your MR to cash rebate. For every 200 MR you can get rebate RM1

Click here for Amex Cash Rebate

Here are some examples.

GROCERIES

Spend RM200 on groceries you get 1000 MR and convert to cash rebate you get RM5. That's 2.5% rebate on your groceries. No limit per month and no AF

PETROL

Petrol RM1000 a month = 5000 MR, with Amex cash rebate i can get RM25 or 2.5% Better than DA by 0.5%

I pump at Esso, every RM1000 i get RM15 petrol or 1.5%

Therefore with the Amex cash back redemption and Esso points, I get 4% rebate for petrol. Free money which is 100% tax free (as of date).

Note: if you redeem vouchers instead of cash rebate, the actual % you get in return will be higher.

This post has been edited by Gen-X: Jun 19 2009, 10:50 PM