Hi Dannyl, I have no idea on You:nique card cash rebate, in their website all it says is up to 2% and no other info.

For Alliance Visa Plat, the cash back is up to 2%. And if you spend more than RM5000, there is no futher cash rebate - can't understand this. Assuming you do have transactions up to RM10,000 during the statement period, you will only get cash back for transactions limited to RM5K which is something like RM68/month. So what I do is once I spend more than RM5K, I charge my transactions with AMEX and enjoy 3X rewards points. But last month the first RM5K was charged into my HSBC as they giving free samsonite bag.

And yes, Alliance rewards points have no expiry date so far.

For more info on Alliance Cash Rebate, click link below:

http://www.alliancebank.com.my/ccard_cashback.html

click on my signature to visit my blog on credit cards.

** for my comments on You:nique click below
http://creditcardsmalaysia.blogspot.com/20...mastercard.html

Nowadays there is no status in owining credit cards. Back in the early 90 when I started work the minimum annual income needed for gold card was RM48K. Now RM48K** also can get Visa Platinum (Robinson)**. I have Citibank Clearcard CL > RM20K and RHB EVO** where the CL is RM40K which is more than some people having Plat cards.

Nobody cares what card one has. Generally the person that sees the card is the cashier that swipe it and his/her only concern is that the transaction is approved.

One should choose a particular card for its benefits and not design.

** Edited

This post has been edited by Gen-X: Jun 10 2009, 08:39 PM

good writing on ur blog....

Maybank called me this afternoon to offer me a Free-For-Life Maybank Petronas Visa.... If I use this card at Petronas, can I get 5X TreatPoints and Mesra points via Kad Mesra ?

YES. Last month I use MBB Petronas @Petronas, it pops out Insert Mesra card after pull out CC. Confirm I get 5x TP in my statement, but I don't have Mesra card to verify.

erm i dunno about BT tool.. but im searching a better way how to completely settle my outstanding balance... the interest is very high.. when i pay minimum payment monthly.. do u have the solution?

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Added on June 10, 2009, 11:27 pmErm thanks for ur advice.. honestly, im still dunno about BT... how to do that?

Actually, im still searching a better way how to completely settle my outstanding balance [OB].. im paying minimum payment but the OB not reduce la... huhuh.. do u have any solution??

This post has been edited by lieck: Jun 10 2009, 11:27 PM

don't spend money you don't have. it is better to cut the cards, and concentrate on paying more than minimum until it is settled.

There is no other way to reduce the outstanding except paying and stop using it, as CC product is the most profitable business for bank,because of the interest they charged ! just keep your card in the drawer and keep on paying. Each swipe now cost you interest the next day, so you know what you're going to do now right?

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Added on June 11, 2009, 5:24 amThere is no other way to reduce the outstanding except paying and stop using it, as CC product is the most profitable business for bank,because of the interest they charged ! just keep your card in the drawer and keep on paying. Each swipe now cost you interest the next day, so you know what you're going to do now right?


This post has been edited by Reventon: Jun 11 2009, 05:24 AM

Do you all have any idea how GSC-EON credit card operates? once sign up, can get 1 free GSC movie ticket? i only can find little useful info in Google. I hope can know more details here

As shown by Gen-X, there is a difference among classic, gold and plat for certain banks. In this ABMB example, plat has higher cash rebate and double points for international purchases. That may not mean anything to u but certainly makes a difference to others.

when u received your credit card, u'll get some coupons- a few pieces of buy 1 free 1 for international screening movie,1 piece 50% at GSC F&B outlets, 1 piece freee 1 small combo set, 1 piece free 1 complimentary pass for one

if you are depending on cash rebates, points then yes there are differences. if you have like thousands to spend every month, it will make a difference, if you spend less than 1k per month using credit card, then not much difference.
besides, the points are overrated, if you cant afford to pay back on time and incur interest.

also, we are talking about average people spending, not the super rich... and if you are those super rich can spend thousands a month with your credit card without incurring interest for minimum payment etc, then the cash rebates and points = a great deal.

This post has been edited by inuyasha88: Jun 11 2009, 10:23 AM

Whether you are rich or poor, some money saved is some money saved.

My MBB Amex CC 3 yrs free waiver was due recently. Got charged. Call up MBB for waiver since I use quite frequent. After 1 week (i.e. slow) and 3 calls (1 went unanswered in their system ) finally reflected in my statement:
REVERSAL OF ANNUAL FEE-GCC

Anyway, thanks MBB.

Note: I'm not promoting/related/under MBB in any way, except I have some peanuts banking & CC with them. As usual, I'm comfortable with their system they are providing, but not dealing with humans (CS).

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Added on June 11, 2009, 11:49 amAgree. Since banks CC give us options to points or rebates, we as users should fully utilise it, especially those that always make full payment.

I have redeem quite a number of things, some that I can recall:
1) Corelle dining set
2) 1 box set of pots and pans (Meyer? forgot)
3) 2x Targus notebook bag
4) some purse/wallet set
5) targus notebook lock
6) samsonite cabin luggage

Not including other free gifts or promotion. From above, I think about rm500 cheapest. So far, I did not pay a single cent towards AF or interest. Anyway, I'm not in the league to exchange Plasma/LCD TV yet

This post has been edited by cute_boboi: Jun 11 2009, 11:49 AM

When the Maybank Treats Fair? Any website related?

I called Kad Mesra hotline to see if I can collect Mesra Points on top of the TreatPoints. The answer is resounding YES

[quote=Reventon,Jun 11 2009, 05:22 AM]
There is no other way to reduce the outstanding except paying and stop using it, as CC product is the most profitable business for bank,because of the interest they charged ! just keep your card in the drawer and keep on paying. Each swipe now cost you interest the next day, so you know what you're going to do now right?

Erm for ur knowledge.. im already stop using this cc a few month ago.. but im still think the payment that i pay every month doesnt reduce the outstanding balance ma... so i think maybe there are other solution out there how to keep paying the monthly payment with little interest... my total outstanding balance is right now is rm8k...

bal of 8k..?
either u do a BAl transfer.. or just like u suggested, keep ur card at home and pay more to the principle.. as i believe the interest of 8k can come to few hundreds.. if u only paying 500 per mth.. u will never finish the prinsiple of 8k...

[quote=Reventon,Jun 11 2009, 05:22 AM]
There is no other way to reduce the outstanding except paying and stop using it, as CC product is the most profitable business for bank,because of the interest they charged ! just keep your card in the drawer and keep on paying. Each swipe now cost you interest the next day, so you know what you're going to do now right?

Erm for ur knowledge.. im already stop using this cc a few month ago.. but im still think the payment that i pay every month doesnt reduce the outstanding balance ma... so i think maybe there are other solution out there how to keep paying the monthly payment with little interest... my total outstanding balance is right now is rm8k...

You have to either

1. Perform a BT which the interest rate is lower. (or a personal loan but please consider on banks and not some funny company like esave who just copy and paste the banks logos to give some credibility or Ah Longs)
2. Pay more than just minimum. At least you need to be constantly paying 2.5x of the minimum to begin seeing the reduction

More importantly, you need to stop using credit cards altogether until you clear off your cc debts. Work with cash only. Most of the folks here, you see them sounding like spending a lot but they pay in full (or almost in full) every month. Don't ever think that we live in cc debt, we don't actually as cc debt is freaking expensive and hard to get out.

To me cc is just a way of not carrying cash around and get rewarded for your spendings but you need a lot of discipline not to splurge or spend beyond your means. Even the rich can get poor if you don't know how to manage your cc debt. Once my friend got a sparkling new cc with 8K CL, hit the limit in 2 months and spend the next 12-15 months paying off the debt. So if you can't handle the temptation then don't use cc, period.

This post has been edited by hye: Jun 11 2009, 02:12 PM

thanks for ur suggestion... erm anybody know which cc/bank have the lowest interest rate for BT??bcos i dont think i can pay more than rm500 for monthly payment...