Should be the updated version coz in Page 2 (Finance Charges) it states the new interest rates for credit card to be effective 31 March 2009. I dunno about you but I'll take the B&W version to be the confirmed information, whatever the CS says.

We could double confirm this via the monthly cc statement. It should be printed on the back. Anyone could check this out ?

Should be similar to "Annual Fee Charges" I think

I checked the website and you are right it is not annual fee. You could call them up directly and check (highly recommended) coz that is a lot of money for the Yearly Facility Charges even for a classic card. (RM 2.4k)

Again ... there are other cc products which are much more transparent on their charges.

Bro he-sham

I think we discussed about do and don'ts when performing a balance transfer in the previous thread versions. Actually it is not only Citibank but most banks will use the same payment hierarchy as well.

To be safe ... to all bros and sis out there - when you do a balance transfer, please stop using that card until you have cleared all the balance transfer payments. Get / Use another cc for your retail transactions.

Most cc agents (or even banks staff sometimes) they get something when they do sign a customer up for the credit card product. Agents especially will be very aggresive to promote to you coz they got quota to meet and it is also their commission. It can be very compelling for them to do so as they can obtain up to RM20 per classic card, up to RM50 per gold card and up to RM100 per platinum card.

It sounds like the guy ask you to just sign up for 2 cards whereas there is no apparent/compelling reason to obtain 2 cards. Read the hidden trick - the person can claim he/she sign you up for 2 cards and get 2 quota/rewards/etc (whatever you wanna call it).

I will not sign up for 2 cards these days whatever the agents tells me coz I would rather carry 1 card each from 2 different banks. Plus, you can get best of best by combining the features of different cards.

Eg. Best cash rebate card is Alliance Bank cc but you see Alliance Bank does not offer any petrol rewards cards. If you want best petrol reward credit card then it is either MBB Petronas or CIMB Petronas. Similarly, you don't see MBB offering cash rebates in any of their product stable don't they ? (This is just a simple example)

This post has been edited by hye: Apr 15 2009, 11:26 AM

Check out the first page dude don't be lazy. Right now the apparent (unconfirmed) winner is Alliance Bank and next is MBB cc. (Non-AMEX cards)

I'm talking from my experience when I did BT with Citibank about 5-6 years ago. Did they ever revise it ? NO ! It doesn't benefit the consumer but it sure does benefit the bank !

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Added on April 15, 2009, 12:19 pmThanks.
The best petrol rebate information is in the debit card thread. (At least this info valid till 30th June 2009)

This post has been edited by hye: Apr 15 2009, 12:19 PM

Bro ... be a little bit more responsible and report the promotion more accurately. And it would have helped if you provided a link to the promotional page - it took me some effort to look for it.

If you read the fine print the promo would not be applicable to Corporate Card & American Express Singapore Airline KrisFlyer Gold Credit Card.

So many people ask what is the best card to use to buy petrol. I don't want to mislead people so better share since information still valid till end June 2009. (That's when the SCB Saadiq promo ends) It is up to the forummer to decide whether worth or not to take it up. For people who has high petrol usage per month, that's still money you are able to save but likewise if you don't pump petrol much since the cost savings won't be so much.

Oh yeah ... not to mention the groceries savings. At least you are not just limited to a particular store - making it the best card right now even beating RHB's Tesco card. Often RHB's card promoters back off when I mention I have this card - they know they can't win my argument or some can't believe it exists. (I had to pull out my card and show them)

The best experience is when one time a RHB's card promoter pulled me to the side and (She's kindof cute) asked me to tell her all about this card. I think I spent a good 10 mins just doing so, forgot to ask for her number though.

This post has been edited by hye: Apr 15 2009, 11:34 PM

Appreciate your efforts lah bro. TQVM

Yup ... incredibly stupid decision because it will create a financial chaos. If you say, curb credit card debts then I'll buy it. Where the heck did you get such rumours ... SMS ?

The way I see it it is kindof risky.

1. Unless a person have the disipline to track months of transaction then the likelyhood of being shortchanged is high.
2. It is after all a Malaysia bank ... emm. I'd be a skeptic, I'd feel better if it were a foreign bank.

Alternatively, you can go for the ipay plan which is still available till 30th June 2009. Of course, this plan involves you paying the interest upfront to the bank. BTW, why didn't you just ask the shop whether they offer 0% interest ?

If they ask you to pay extra then obviously the shop is asking you to foot their administrative charges to the bank. (e.g MBB charges RM70 to the merchant which wants to convert the purchase into EZ installments) Don't ever think it's always free, it is either the shop would want to absorb the admin charges or they want to pass it on to you.

They must give you a form which declares the promotion and you actually have to sign on the form! This is a standard SCB practice to avoid any disputes. If they just give you word of mouth then ... you get the idea lor.

Just be one step ahead of them. Easy, the form can tick multiple cards - just cancel out the other boxes. I did this a few time and I could have swore the agent face changed. I learnt this the hard way when Citibank agent did this to me - I made a fuss and the cc sales supervisor called me and apologize. Told me staff will be taken action against and up to this point it went well.

I had to go to several "interviews" just to have the other card cancelled and they (card cancellation dept) refuse to merge the CL back to the main card. I told them point blank and said it was their fault my CL got split to 2 cards and they should rectify it. They refused (more like avoided the topic or shifted the subject around to other depts) and I eventually cancel all the cards that I have with Citibank. I know they are good but I can't tolerate it when they BS me.

Since then, I am more careful when filling up the form and sometimes I even warn the agent not to ever attempt to apply 2 cards without me knowing. I never had any problems since then. (Hope it stays that way)

This post has been edited by hye: Apr 18 2009, 09:17 PM

Yes ... only recently implemented on the 1st April 2009. (One of my cards enjoy this rate) You'll enjoy it provided you fulfill the requirements of 12 months consecutive on-time payments.

Announced by BNM. so all banks have to do it.

Yup ...agreed.
No such card offers best offer for everything. You need to hold a minimum of 2 cards from 2 different banks to enjoy best petrol cash rebate and cash rebate for other purchases. IMHO - CIMB Petronas /DA or MBB Petronas for Petrol rebate and Alliance Bank Cash Rebate credit card for cash rebate purposes.

(I hope the above statement will detract anyone from ever asking "What is the best card to recommend for everything?")

This post has been edited by hye: Apr 20 2009, 09:48 PM

Possibly skincladalien got some "unpleasant" financial history. The possibility of getting rejected for sub card is highly low unless something is very wrong.

Well ... another angle that you need to bear in mind is that the duration that is takes to get your application approved is not a good measurement. My example with other banks EON Bank 2-4 weeks, RHBBank 8 weeks, HLB they told me card approved within 12 hours but physical card arrived within 1-2 weeks, Citibank 6 hours, MBB 4 weeks - in normal circumstances I don't go for banks which takes too long to process the application (exception for the MBB Petronas - I heard they achieved their 1 year target in 1 month) as that is a sign of how efficient they are.

Of course they are other measurements and these again differ person to person experiences. What you could do is to try to apply for another card e.g. CIMB / HLB , etc and see the rejection rate. If you are still getting rejected then it is time for you to go to BNM. Don't be in denial or lazy to do so - sometimes it could be your friend whom you acted as a guarantor if you think you had been paying all your bills on time all the time. (you would know this answer yourself. My friend for example always pay up every month but late for 1 week - does it means you are a good paymaster to the bank ? )