Credit Card Reviews

New Rules & Requirements for Credit Card Application in Malaysia 2011

Income Below RM2,000/month? Sorry Then, Credit Card is Not For You! Last week, Bank Negara Malaysia (BNM or Central Bank of Malaysia) set new requirements for credit card application. Meantime, the credit card rules were tighten, too. Here are the major changes announced: Immediate Effect New Credit Card Rules To Be Implemented Minimum Income Requirement [...]

Citibank Cash Back Platinum Credit Card – My Best Credit Card for 2011

In order to increase savings for 2011, I have decided to apply a new credit card to replace my existing CIMB Petronas MasterCard for better cash rebate rates as part of my savings plan. Which one is the best credit card that suits your spending patterns the most? For myself, the answer goes to Citibank [...]

Bankruptcy Statistics Based on Credit Card Debts in Malaysia

We have total of 3.2 million credit card holders nationwide last year. Did you know how many of them were failed to pay credit card debts and caused them bankrupt in 2009? Make a guess? On average, the percentage of credit card holders declared bankrupt was only 0.04% out of the total number of principal [...]

MBF Cards Power Balance Transfer Free Credit Card Service Tax

What are the latest updates on RM50 credit card service tax in Malaysia? Recently, there are a lot of people deciding to cancel their multiple credit cards and keep only one or two cards due to the tax charges. Finally, we have received good news from MBF! They will subsidize the service tax for us. [...]

How to Cancel Credit Card in Malaysia?

What is the procedure of credit card cancellation in Malaysia? Below are 5 simple steps to cancel credit card: Step 1: Redeem the credit card reward points Step 2: Write in to instruct merchant (e.g. Celcom, Digi, Maxis, Syabas, TNB, Astro, Prudential, Great Eastern, and etc.) to cancel all the auto debit instructions, if any [...]

Budget 2010 Malaysia: Credit Card Service Tax Charges RM50

No more FREE FOR LIFE credit card in Malaysia after 31st December 2009! Referring to the latest Budget 2010 Malaysia, each principal credit card holder will be imposed a Service Tax of RM50 beginning 1st January 2010. Whereas, RM25 service tax will be charged yearly for every supplementary credit card. Credit Card Service Tax It [...]

RHB Travel Money Credit Card Latest Promotion: Free Firefly Ticket

RHB Travel Money MasterCard is not a new credit card from RHB Bank; it has been used in the market for couple years. Basically, the card is a combination of air miles and cash back credit card for those who travel via air flight frequently and prefer cash rebate feature instead of redeeming free gift [...]

Comparison: Tesco Credit Card vs Giant Credit Card

Comparing between Tesco credit card and Giant credit card, which card come with better benefits that give shoppers more value at Giant and Tesco hypermarket in Malaysia? Tesco-RHB Visa Credit Card 2% cash back when you shop at Tesco hypermarket stores. 5% cash back and additional Clubcard Points may be given from time to time [...]

Standard Chartered Cash Rebate Credit Card: JustOne Titanium MasterCard

JustOne Titanium MasterCard introduced by Standard Chartered Bankis a hassle free credit card that combines credit card, debit card and current account into one for better cash flow management and analysis. Some of the features: Multi Purpose Credit Card: 3-in-1 (Credit Card, Debit Card and Current Account in one) Best Cash Back Rewards: 5% Cash [...]

New OCBC Great Eastern Credit Card Offers Cash Back Rebate

Recently, OCBC Bank and Great Eastern Life Insurance Company have launched their new cash back rebate credit cards: OCBC Great Eastern Platinum Card & OCBC Great Eastern Titanium Card It is a rewarding programme to save more money designed exclusively for Great Eastern’s insurance policy holders. They are entitled to enjoy cash rebate on Great [...]