still waiting for mbb call center to give me a call, lazy to provide copies of salary slip/etc/etc...

come all all you mbb call center sales rep, confirm customer here, who wants to get this commission???

comparison between MBB petronas and CIMB petronas. (Citibank Shell is a rip off as you need to maintain loan balance to get high cashback - which would be eaten by the interest anyway)

MBB: approx 2200 - 3000 points for RM10 vouchers
rm1 = 5 points when pumping petrol
therefore return of 1.67% to 2.27% on petrol
rm1 = 1 point for others
therefore return of 0.33% to 0.45% on others

compared with 2% return on petrol and 0.5% return on others for CIMB petronas

conclusion, returns are more or less equal.

however, CIMB gives discounts on some stores (moot if you dont shop there, and probably bad if it makes you shop there for the discounts)

other points to consider, CIMB limits your petrol cashback purchase to RM2500/month; MBB AFAIK, does not have this limit (moot for me as i dont spend that much on petrol anyway)

at the end i select MBB because i am light user and i dont think 0.5-2% cashback will be noticable in my monthly cashflow; evergreen points OTOH, i can reward myself few years down the road. however, i run the risk of having nothing worthwhile to exchange for my points when the time comes.

so as you can see, the choice of cards is highly personal as each will have different requirement and only you can answer what you want.

if you have outstanding balance, wouldnt whatever more cashback you have be cancelled out by the interest on the outstanding balance?

i do not understand the non-compounding of profit rate (interest rate)

can someone please provide some example on how profit rate and interest rate from conventional cards differ?

still dont get it, does it go like this?

compounding interest for 1000 at 2%;
1 = 1000*1.02=1020
2 = 1020*1.02=1040.4
3 = 1040.4*1.02=1061.21...

so, profit rate for 1000 at 2%;
1 = 1000 + (1000*1.02)=1020
2 = 1020 + (1000*1.02)=1040
3 = 1040 + (1000*1.02)=1060...

why take platinum and its annual fees when most gold cards are free for life?

similarly, why take amex and its annual fees when visa/master is free for life?

SCB 40k annual income? not 30/36k?

what does mesra point give you anyway?

then you can compare whether its worth missing out on or not