Lowyat.NET: Latest topics by b00n

Citibank Cash Back card

b00n — Thu, 05 Sep 2013 17:36:01 +0800

QUOTE(MeToo @ Sep 5 2013, 03:55 PM)

Just wanna rant/share my exp :

I have a Citibank cash back plat (u know, the ugly blue card).

Since their cash back is not terrific, been using less and less, only about 1~1.5k average per month.

So, this time around they refuse to waive the RM195 annual fee (unless I change my card to a regular plat), hence I decided to cancel the card.

Now the problem started, since the Annual Fee is in the current statement, they will charge me 1 months AF regardless even if I pay immediately upon getting the statement. However, they will NOT give me my cash back (around RM60), they will only refund me the Cash Back I accumulated up to today, on NEXT statement. By then, they will charge me ANOTHER month's annual fee.

I just find it abit ridiculous, I cannot cancel my card immediately unless I want to forfeit my accumulated Cash Back, the sales rep I spoke to claim this is their "System" and hence I just have to suck it up.

/end rant.
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Your posts and relevant replies will be posted and consolidated in Citibank topic: https://forum.lowyat.net/topic/2586152

/CLOSED

Awsome proposal pwnage

b00n — Fri, 23 Aug 2013 02:15:47 +0800

https://www.facebook.com/photo.php?v=143528739190805

Solly if me selowpoke....

Hopefully me no selow lar....

courtesy of weyyt for posting jewtube for direct viewing

QUOTE(weyyt @ Aug 23 2013, 03:19 AM)

jewtube embed
[YOUTUBE]Atqtl1J-z3Q[/YOUTUBE]
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Mortgage Loan Package Inquiries v2

b00n — Tue, 02 Apr 2013 17:07:41 +0800

I hereby pin this topic for those searching for loans.
You may post here and let the agents contact you.

Warning to loan agents!
This is not your personal sales thread!

This thread is not for advertising personal loan and banking services. Please do not spam.

Do not taint this topic with "You got pm" etc replies. Either you post the details out or you PM (which meant PERSONAL MESSAGE where no one needs to know you've PM any others)

Those that violates this rules would get suspension!

p/s: a continuation from the topic here: https://forum.lowyat.net/topic/701749
https://forum.lowyat.net/topic/1702463
So don't spoil it.

[WTA]Kok Kong Winter Wear quality?

b00n — Sat, 26 Nov 2011 17:33:16 +0800

QUOTE(terence999 @ Nov 26 2011, 04:50 PM)

Hi All,

I'm going to Alberta for a business trip next week. I'm currently browsing through winter clothing but not sure if the things that I buy here can sustain me in Alberta.

The average temperature over there will be between -10 until -25.

I've checked out Timberland, Uniqlo, Topman, Zara. All are fairly expensive and I'm not sure if it's worth spending that much of money.

Went to Kok Kong today and they claim that their products are able to withstand up to -30 Celcius and asked me to get the following
1. Down jacket
2. Sweater
3. Thermal wear.

These 3 things should be able to sustain me, of course with gloves, boots, etc.

I would like to know anyone of you here have experience buying from this shop before as most of their stuffs are made in China and I'm not sure if the quality is good enough. Please advice!
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Pls go through this existing topic: https://forum.lowyat.net/index.php?showtopic=972657 with useful tips inside.
I shall move your post over.

GOLD MARKET

b00n — Wed, 12 Oct 2011 22:48:40 +0800

QUOTE(Eye-Hub @ Oct 12 2011, 10:33 PM)

Gold fell in choppy trade on Thursday (13/10/2011) after the European Central Bank held off flagging an imminent cut in interest rates, deflating an earlier rally in assets seen as higher risk, such as equities and the euro. pot gold was at $1,634.24 an ounce at 1355 GMT, 0.4% below levels at which it traded late in New York on Wednesday but off an earlier high of $1,654.55.

[addedon]October 12, 2011, 10:39 pm[/addedon]Brent crude fell on Wednesday, snapping five days of gains, after OPEC cut its global oil demand forecast and plans for greater powers for a euro zone bailout fund hit a snag, rattling investor confidence. U.S. crude on the New York Mercantile Exchange was down 37 cents to $85.44 a barrel, after slipping as low as $84.52.
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I shall move your post over here at the existing discussion on Gold.
https://forum.lowyat.net/topic/2013163

Japanese Grass vs Philippines Grass

b00n — Fri, 30 Sep 2011 00:41:23 +0800

QUOTE(tcs83 @ Sep 29 2011, 09:56 AM)

What's the differences between Japanese Grass vs Philippines Grass. Where can we get the Japanese grass?
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Pls continue here: https://forum.lowyat.net/index.php?showtopic=935342
I shall move all relevant posts over.

Thanks!

Inconsidered Buyer mimi13

b00n — Sun, 17 Jul 2011 14:19:41 +0800

You do not need to create another topic.
Post would be merged so everyone can judge for their own in ONE consolidated topic.

HSBC Homesmart Monthly Payment

b00n — Wed, 06 Apr 2011 21:59:01 +0800

QUOTE(Molotov Cocktail @ Apr 6 2011, 09:50 PM)

I have HSBC homesmart account which combine my deposit account with my home mortgage, does anybody here have same homesmart account like me? I just want to ask about how exactly they calculate the interest paid monthly and how they reduce withdrawal limit, from what understand for this kind of home loan (flexi), the more u deposit less interest you'll pay and your monthly payment will go more to reducing the principal rather than serving the interest but what i experienced is inconsistent, sometimes i deposit more but more interest i have to pay for the month and sometimes when i didn't deposit much less interest is paid, very confusing, and i also want to know how much the principal is being paid from my monthly payment,
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Your post will be moved to the existing topic: https://forum.lowyat.net/index.php?showtopic=684820

Take some time to go through it as well.

READ: Jailbreak is allowed with strict moderation!

b00n — Tue, 05 Apr 2011 11:30:24 +0800

QUOTE(b00n @ Apr 5 2011, 11:15 AM)

We already had a general consensus:
Jailbreak does not equal piracy.
But jailbreak does potentially lead to piracy.

You guys are free to discuss about jailbreaking. However, be reminded that when the discussion went down the road towards cracking apps, obtaining apps as well as promoting pirated apps; then the topic would be canned and offenders be suspended.
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QUOTE(b00n @ Apr 5 2011, 11:24 AM)

David intention was good. It was because previously a lot of jailbreak topic that goes side way that lead to the tough stance David has on Jailbreak because it's hard to mod every single topic that pops up.

If you guys are helpful enough to "report" such posts and not to feed those offenders, I do not see why we would stop it.

» Click to show Spoiler - click again to hide... «

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Let's talk about Silver!

b00n — Fri, 01 Oct 2010 14:51:25 +0800

QUOTE(Hawtmail @ Oct 1 2010, 11:45 AM)

Anyone's been investing on silver?
I've been watching Robert T. Kiyosaki's video and he's praising Silver as a good way to preserve wealth, he even wrote in his latest book.
So i did a research on Silver which was about 2 months ago where the price was located at $25-27 p.o in average, but on Sept 13 my supplier from S'pore told me it will drop to $19-20 p.o, which on 15 Sept the price rapidly dropped to $20 check on http://silverprice.org/ and according to my supplier it will climb back to it's all-time high $50 soon. As people are starting to have their eye on it.

To me Silver may seen to be a great way of preserving wealth and fighting off inflation, and it's much more affordable compare to Gold, thou i still enjoy see-ing a quick return from my investments such as Stocks or Forex.

So what do u guys think?
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Your post would moved here to the existing topic: http://forum.lowyat.net/topic/1256221

Is network marketing a scam?

b00n — Wed, 15 Sep 2010 16:46:19 +0800

Pls continue here in the long debated topic:
https://forum.lowyat.net/index.php?showtopic=524114&hl=

btw, all relevant posts would be moved there.

p/s: Kenshido topic is here: https://forum.lowyat.net/index.php?showtopic=1107851

AKPK

b00n — Wed, 04 Aug 2010 23:07:13 +0800

QUOTE(Narutoboyz2 @ Aug 4 2010, 09:22 PM)

I did not have a stable job for the past few years. Only lately found a stable job and all situations come back to normal meaning there are less worry of financials.

I have stop paying 4 of my credit cards for the past 5 years and i think total of the cards past 5 years was around 50k (for all) I did not receive any bankcruptcy letter from the bank yet, however since I am much more stable now, thought of going to see AKPK to help.

But what will my minimum payment for my debts? As I am quite new on the job therefore does not allow me to take off and see AKPK. Please help what shall I do. I know for definetely I am on CTOS or CCRIS but bankcruptcy dunno.

Lost of direction already. Please help.
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Your post is moved here: http://forum.lowyat.net/topic/876712
Anyway, I think AKPK would still accept your case. They would take into calculation your total pay vs your monthly essential spending before coming up with a payment plan for you towards the bank.

Also, spend some time to go through that topic to understand further on AKPK.
Btw, you'll need to owe someone RM30k before they can sue you bankrupt. Your RM50k are from 4 different banks thus you're not being sued for bankruptcy.

Paypal withdraw help please

b00n — Sun, 13 Jun 2010 03:25:33 +0800

http://forum.lowyat.net/topic/666692/

Platinum Purchase Protection

b00n — Mon, 11 Jan 2010 11:12:45 +0800

QUOTE(Daniel5061 @ Jan 11 2010, 10:47 AM)

http://www.standardchartered.com.my/person...ages/banner.jpg

Good news. Your purchases are now automatically protected!

It is our pleasure to inform you that your purchases are automatically insured when you use your Standard Chartered Credit Card. Purchase Protect assures you of a worry free experience every time you make purchases with your Credit Card.

How will Purchase Protect benefit you?

Purchase Protect is an insurance coverage that will replace lost or damaged goods for purchases charged with your Standard Chartered Credit Card within 30 days from the date of purchase. Quite simply, should your brand new set of glassware be damaged* after two weeks of purchase, report it to Mitsui Sumitomo Insurance Group (MSIG) for reimbursement.

What is the coverage?

Per Article Per Event
Classic RM5,000 RM15,000
Gold RM18,000 RM36,000
Platinum RM20,000 RM40,000
Visa Infinite RM35,000 RM100,000
Start using your Standard Chartered Credit Card for all purchases and enjoy the peace of mind you deserve.

now`s a day has many platinum card holder, Any one who try to claim this before ? please share your experience how to claim this protection ? any one try before ?
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Your post is moved here: http://forum.lowyat.net/topic/1264667

Lets Talk Salary! v3

b00n — Thu, 24 Sep 2009 09:27:20 +0800

Previous topic:
http://forum.lowyat.net/topic/559523

It would be nice if everyone follows this following example:-

Job Title : Video Butcher
Job Desciption : Video Editing
Years spent in company : 3+
Company : Local post house
Industry : Media / Communications
Tenure : permanent
Employment Level : not sure. exec i guess since i'm dept. head.
Experience before joining : freelance / internship with same co. (1 1/2 yrs)
salary : RM 3k+

[WTAsk] About RHB Debit

b00n — Mon, 27 Apr 2009 21:44:30 +0800

QUOTE(Vincent_A8fm @ Apr 27 2009, 08:15 PM)

» Click to show Spoiler - click again to hide... «

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I shall move your post over to the existing Debit Card topic: http://forum.lowyat.net/topic/457588

And yes, every time one pumps petrol; there's a "limit" they would reserve. It's being discussed over in the above said topic before.
Also, you are free to report the case to BNM.

MBA or EMBA

b00n — Mon, 20 Apr 2009 00:21:07 +0800

QUOTE(carfield @ Apr 19 2009, 08:08 PM)

Dear All,

Anyone can tell what is the difference between MBA and EMBA? there are too many term in the market now, MBA, EMBA, MBA (Executive) etc...is this any difference between each other? which one will be more marketable?

Pls advise.

Thanks~~
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I shall move your post here:
http://forum.lowyat.net/topic/380355/+900
An existing topic in Education Essentials talking about MBA. You can also read through the topic for your own infor.

This topic is closed.

Income tax 2008

b00n — Thu, 16 Apr 2009 15:21:00 +0800

QUOTE(ychwang @ Apr 16 2009, 02:58 PM)

Hi, i would like to know
let said i borrow study loan for year 2006, and i'm paying installment every month for the installment year 2008.

Can my isntallment amount put under income tax 2008 education relief/rebeate?
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You post would be moved here: http://forum.lowyat.net/topic/871938

Credit Card Thread V6

b00n — Wed, 04 Mar 2009 00:53:24 +0800

Version 6:

One good site to add from http://www.bankinginfo.com.my
KNOWING YOUR CARDS (pls spend some time reading it up, especially for first time card user)

1. Visa
2. Mastercard.
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. Etc.

1. Annual fee matters

No need to request for waiver
CIMB Direct Access Platimum and Gold - requirement Professional/Graduate.
UOB Platinum - got to have BOTH MasterCard and Visa and swipe minimum 6 times/card.
Alliance Platinum - swipe 12 times a year or spend RM5,000/year.
RHB Evo - got to swipe once a month or RM8 is charged for that month.
OCBC Platinum Robinson - swipe 3x any amount even few ringgit also can at robinson from month on card expiry not following year basis (http://www.ocbc.com.my/personal-banking/Ca...Privileges.shtm)
MBB Flex -got to swipe twice a month or else charged RM3.95
Citibank Choice - 2 transactions in a month
CIMB Mastercard Paypass - free for life without conditions

2. Tap and Go - no signature required matters

Visa Wave - MBB, UOB
Mastercard Paypass - CIMB, CIMB DA
Visa payWave - MBB Petronas

Paypass limited to RM120
Visa Wave limit should be RM150

3. Credit Card linked to Petrol Giants

BHP-UOB
Shell-Citibank
AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations.
Petronas-MBB Visa Gold with payWave (free for life with no conditions)
Petronas-CIMB Mastercard Gold (free for life)
All petrol brands with CIMB DA Mastercard with rebate up to 2% monthly*.

4. Standard financial charge (interest rate)

Retails purchases: ~~18% p.a or 1.5% p.m~~ from statement date upon paying the minimum amount.

*Malaysia had adopted tiered pricing interest rate: BNM Press Statement

Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.

5. Complementary Cards

1) Citibank - Just deposit and maintain RM200k
2) UOB - Opening deposit of RM300k with maintenance of RM200k
3) Standard Chartered - Deposit & maintenance of RM250K effective 1st April 2009
4) OCBC - Opening deposit of RM300k with maintenance of RM200k
5) HSBC - Deposit & maintenance of RM200k

6. Amex - Charge card
AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations.

Another benefit AMEX have over others is that they presently have 6 months 0% installment for any transaction. AMEX is truly 0% as they is no handling or surchage fees as compared to DA and UOB.

7. International Transactions
Mastercard and Visa charges a surcharge on top of the exchange rate. The banks also choose to charge an additional administration charge on top of that

Maybank: 0.5% -->verified by Hye

CIMB/DA: DA - 1% (starting April 2009 - by hye)

Hong Leong: 1%

PBB: 1.25% (thanks to the link by prasys)

QUOTE

Transactions incurred will be converted to Ringgit Malaysia using US$ as the base currency on the date the item is received and/or processed at such exchange and at such time as may be determined by Visa International/MasterCard Worldwide at its absolute discretion plus administration cost of 1.25%. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and the Cardmember shall bear all exchange risks, losses, commission and other bank charges which may thereby be incurred.

http://www.pbebank.com/en/en_content/perso...ates/cards.html

Citibank: 1% --> verified by tinkerbel

HSBC: 1% --> HSBC will also charge a Misc fee; bank isn't able to provide details on what that is but according to CS whom I spoke with, there's a small misc fee. (contribution by Tinkerbel)

EON: 2%

UOB: 1%

Standard Chartered: 1%

AMEX card: 2.5% (Item 13.5 of the T&C)

OCBC bank: (provided by kei18kun)
overseas transaction 1%
http://www.ocbc.com.my/personal-banking/Ca....shtm?bcid=M5_1

Credit Card Cancellation Letter

[Your name]
[Your address]
[Date]

Dear Sir or Madam:

Please let this letter serve as notice that I am terminating my credit card account effective immediately. Please close the following account:

Credit Card Company: ____________
Account Number: ________________

Please send me written confirmation that my account has been closed. Also, please confirm that you have notified all appropriate credit card bureaus that this account was closed at my request.

Thank you for your prompt attention to this matter.

Sincerely,
[Your Signature]

Cash Advance fees
5% of cash amount (min RM20), and
18% p.a. daily interest
(N/A for Ready Cash)
[from Citibank]

Cash Advance Fee :
The cash advance fee is charged
to any withdrawal of cash made.
This is imposed for each cash
advance transaction.
5% or RM20, whichever is higher.
[From UOB bank]

Cash Advance Commission/Fee*
VISA/Mastercard (Both Classic and Gold)

Flat rate of 5.00% of the total amount of cash advance
Min: RM10
[From Maybank]

Cash Advance Fee
5% of the amount drawn, subject to a minimum of RM15, whichever is higher.
[ From Direct Access]

Cash Advance Fee
5% of the amount drawn, subject to a minimum of RM15, whichever is higher.
[From CIMB]

Cash Advance fees
} The cash advance fee is 5% of the amount advanced or a minimum of RM15. Whichever is higher. This is imposed for each cash advance transaction
} For HSBC Amanah Charge Card, cash advance is capped at RM1,000 per transaction and a fee of RM60 per transaction will be levied
} For cash advances made over the HSBC banking counter, there will be an additional charge of the following:-
- RM50 on credit cards issued by local banks other than HSBC - RM20 on credit cards issued by non-Malaysian card issuers (including JCB)
- Cards issued by HSBC Bank Malaysia and the HSBC Groupare exempted from this charge
[HSBC]

Cash Advance Fees/Casino Chip Fees
The cash advance fee is 5% of the amount advanced or a minimum of RM15, whichever is higher. This is imposed for each cash advance/casino chips transaction.
[From OCBC]

Credit Card V2 Thread
Credit Card V3 Thread
Credit Card V4 Thread
Credit Card V5 Thread

Useful information
BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here, page 123 has the guidelines. (Courtesy of tishaban) (thanks awaynoway for the updated link))

Credit information:
CCRIS: http://creditbureau.bnm.gov.my/
CTOS: http://www.ctos.com.my/
BRIS: http://bris.com.my/index.html

FMB - Financial Mediation Bureau
http://www.fmb.org.my/index.htm

QUOTE

The Financial Mediation Bureau (FMB) is an independent body set up to help settle disputes between you and your financial services providers who are its members..

The FMB provides you with free, fast, convenient and efficient avenue to refer your disputes for resolution as an alternative to the courts. These disputes may be Banking/Financial related as well as Insurance and Takaful related .

Other Links By Users:
Quite informative blog with links provided by Gen-X:
http://creditcardsmalaysia.blogspot.com/20...rds-cc-101.html

QUOTE(GHz @ Mar 15 2009, 12:23 AM)

If you are really interested in cash back credit card you may want to take a look this analysis of cash back credit card
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Disclaimer: If there's anything one wants to update on this first page or if there's any information wrong, pls PM me and I'll update if it's relevant.

Code to add as 1st page: (click the spoiler, than copy and paste)

» Click to show Spoiler - click again to hide... «

CODE

One good site to add from [url=http://www.bankinginfo.com.my]http://www.bankinginfo.com.my[/url]
[u][size=7][b][url=http://www.bankinginfo.com.my/02_know_your_products/0203_knowing_your_cards/overview.php]KNOWING YOUR CARDS[/url][/b][/size][/u] [i](pls spend some time reading it up, especially for first time card user)[/i]

1. Visa
2. Mastercard.
3. JCB
4. AMEX - Charge or Credit Card
5. Diners Club
6. Etc.

[b]1. Annual fee matters[/b]

[u]No need to request for waiver[/u]
CIMB Direct Access Platimum and Gold - requirement Professional/Graduate.
UOB Platinum - got to have BOTH MasterCard and Visa and swipe minimum 6 times/card.
Alliance Platinum - swipe 12 times a year or spend RM5,000/year.
RHB Evo - got to swipe once a month or RM8 is charged for that month.
OCBC Platinum Robinson - swipe 3x any amount even few ringgit also can at robinson from month on card expiry not following year basis ([URL=http://www.ocbc.com.my/personal-banking/Cards/Robinsons%20Privileges.shtm]http://www.ocbc.com.my/personal-banking/Cards/Robinsons%20Privileges.shtm[/URL])
MBB Flex -got to swipe twice a month or else charged RM3.95
Citibank Choice - 2 transactions in a month
CIMB Mastercard Paypass - free for life without conditions

[b]2. Tap and Go - no signature required matters[/b]

Visa Wave - MBB, UOB
Mastercard Paypass - CIMB, CIMB DA
Visa payWave - MBB Petronas

Paypass limited to[b] RM120[/b]
Visa Wave limit should be[b] RM150[/b]

[b]3. Credit Card linked to Petrol Giants[/b]

BHP-UOB
Shell-Citibank
AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations.
Petronas-MBB Visa Gold with payWave (free for life with no conditions)
Petronas-CIMB Mastercard Gold (free for life)
All petrol brands with CIMB DA Mastercard with rebate up to 2% monthly*.

[b]4. Standard financial charge (interest rate)[/b]

Retails purchases: [s]18% p.a or 1.5% p.m[/s] from statement date upon paying the minimum amount.
[list][color=red][b]*Malaysia had adopted tiered pricing interest rate: [url=http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1467]BNM Press Statement[/url][/b][/color]
18% p.a. (now, most bank had adopted 17.5% p.a. starting Apr 09)
17% p.a. (now, most bank had adopted 16% p.a. starting Apr 09)
15% p.a. (now, most bank had adopted 13.5% p.a. starting Apr 09)
[/list]
Cash advance: 18% p.a from the date of withdrawal.
Late payment: 1% of outstanding or RM 5 whichever is higher.
Minimum payment amount: 5% of outstanding or RM 25/RM 50 whichever is higher.

[b]5. Complementary Cards[/b]

1) Citibank - Just deposit and maintain RM200k
2) UOB - Opening deposit of RM300k with maintenance of RM200k
3) Standard Chartered - Deposit & maintenance of RM250K effective 1st April 2009
4) OCBC - Opening deposit of RM300k with maintenance of RM200k
5) HSBC - Deposit & maintenance of RM200k

[b]6. Amex - Charge card[/b]
AMEX charged card gives rewards point (presently 2X if got Turbo 3X) for pumping petrol at ALL petrol stations.

Another benefit AMEX have over others is that they presently have 6 months 0% installment for any transaction. AMEX is truly 0% as they is no handling or surchage fees as compared to DA and UOB.

[b]7. International Transactions[/b]
Mastercard and Visa charges a surcharge on top of the exchange rate. The banks also choose to charge an additional administration charge on top of that

Maybank: 0.5% -->verified by Hye

CIMB/DA: DA - 1% (starting April 2009 - by hye)

Hong Leong: 1%

PBB: 1.25% ([i]thanks to the link by prasys[/i])
[quote]Transactions incurred will be converted to Ringgit Malaysia using US$ as the base currency on the date the item is received and/or processed at such exchange and at such time as may be determined by Visa International/MasterCard Worldwide at its absolute discretion plus administration cost of 1.25%. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and the Cardmember shall bear all exchange risks, losses, commission and other bank charges which may thereby be incurred.[/quote]
[url=http://www.pbebank.com/en/en_content/personal/rates/cards.html]http://www.pbebank.com/en/en_content/perso...ates/cards.html[/url]

Citibank: 1% --> verified by tinkerbel

HSBC: 1% --> HSBC will also charge a Misc fee; bank isn't able to provide details on what that is but according to CS whom I spoke with, there's a small misc fee. (contribution by Tinkerbel)

EON: 2%

UOB: 1%

Standard Chartered: 1%

AMEX card: 2.5% (Item 13.5 of the T&C)

OCBC bank: (provided by kei18kun)
overseas transaction 1%
http://www.ocbc.com.my/personal-banking/Cards/MY_cards_overview.shtm?bcid=M5_1

[size=7][b]Credit Card Cancellation Letter[/b][/size]

[Your name]
[Your address]
[Date]

Dear Sir or Madam:

Please let this letter serve as notice that I am terminating my credit card account effective immediately. Please close the following account:

Credit Card Company: ____________
Account Number: ________________

Please send me written confirmation that my account has been closed. Also, please confirm that you have notified all appropriate credit card bureaus that this account was closed at my request.

Thank you for your prompt attention to this matter.

Sincerely,
[Your Signature]

[color=red][b]Cash Advance fees[/b][/color]
5% of cash amount (min RM20), and
18% p.a. daily interest
(N/A for Ready Cash)
[b][from Citibank][/b]

Cash Advance Fee :
The cash advance fee is charged
to any withdrawal of cash made.
This is imposed for each cash
advance transaction.
5% or RM20, whichever is higher.
[b][From UOB bank][/b]

Cash Advance Commission/Fee*
VISA/Mastercard (Both Classic and Gold)

Flat rate of 5.00% of the total amount of cash advance
Min: RM10
[b][From Maybank][/b]

Cash Advance Fee
5% of the amount drawn, subject to a minimum of RM15, whichever is higher.
[b][ From Direct Access][/b]

Cash Advance Fee
5% of the amount drawn, subject to a minimum of RM15, whichever is higher.
[b][From CIMB][/b]

Cash Advance fees
} The cash advance fee is 5% of the amount advanced or a minimum of RM15. Whichever is higher. This is imposed for each cash advance transaction
} For HSBC Amanah Charge Card, cash advance is capped at RM1,000 per transaction and a fee of RM60 per transaction will be levied
} For cash advances made over the HSBC banking counter, there will be an additional charge of the following:-
- RM50 on credit cards issued by local banks other than HSBC - RM20 on credit cards issued by non-Malaysian card issuers (including JCB)
- Cards issued by HSBC Bank Malaysia and the HSBC Groupare exempted from this charge
[b][HSBC][/b]

Cash Advance Fees/Casino Chip Fees
The cash advance fee is 5% of the amount advanced or a minimum of RM15, whichever is higher. This is imposed for each cash advance/casino chips transaction.
[b][From OCBC][/b]

[url=http://forum.lowyat.net/topic/594906]Credit Card V2 Thread[/url]
[url=http://forum.lowyat.net/topic/691229]Credit Card V3 Thread[/url]
[url=http://forum.lowyat.net/topic/741933]Credit Card V4 Thread[/url]
[url=http://forum.lowyat.net/topic/842676]Credit Card V5 Thread[/url]

[b]Useful information[/b]
[url=http://www.bnm.gov.my/files/publication/ar/en/2003/cp04_005_whitebox_banking.pdf]BNM issued guidelines in 2003 that limits consumer liability in cases of fraud to only RM250. See the actual document here, page 123 has the guidelines.[/url] [i](Courtesy of tishaban)[/i] (thanks awaynoway for the updated link))

Credit information:
CCRIS: [url=http://creditbureau.bnm.gov.my/]http://creditbureau.bnm.gov.my/[/url]
CTOS: [url=http://www.ctos.com.my/]http://www.ctos.com.my/[/url]
BRIS: [url=http://bris.com.my/index.html]http://bris.com.my/index.html[/url]

[b]FMB - Financial Mediation Bureau[/b]
[url=http://www.fmb.org.my/index.htm]http://www.fmb.org.my/index.htm[/url]
[quote]The Financial Mediation Bureau (FMB) is an independent body set up to help settle disputes between you and your financial services providers who are its members..

The FMB provides you with free, fast, convenient and efficient avenue to refer your disputes for resolution as an alternative to the courts. These disputes may be Banking/Financial related as well as Insurance and Takaful related .[/quote]

[b]Other Links By Users:[/b]
Quite informative blog with links provided by [url=http://forum.lowyat.net/index.php?showuser=11316]Gen-X[/url]:
[url=http://creditcardsmalaysia.blogspot.com/2009/02/introduction-to-credit-cards-cc-101.html]http://creditcardsmalaysia.blogspot.com/20...rds-cc-101.html[/url]
[quote=GHz,Mar 15 2009, 12:23 AM]
If you are really interested in cash back credit card you may want to take a look this [url=http://1-million-dollar.blogspot.com/2009/03/analysis-of-cash-rebate-credit-cards-in.html]analysis of cash back credit card[/url]
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[/quote]

[i]Disclaimer: If there's anything one wants to update on this first page or if there's any information wrong, pls PM me and I'll update if it's relevant.[/i]

Economic Downturn...

b00n — Mon, 23 Feb 2009 13:56:59 +0800

QUOTE(xuzen @ Feb 23 2009, 01:47 PM)

I' ll start. I have since end of last year:

i) Cancel all my supplementary Astro line, only maintaining the main line.

ii) Cancel 5 of my credit cards, maintaining just two which was issue by the bank I use.

iii) Switch to RON 92 petrol for my car.

What you done?

I wish to see this thread serve as a repository of wise ways to improve ones' finances.

Mod, is this ok?

Xuzen
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I'll move this to http://forum.lowyat.net/topic/368156 an existing topic on Financial Management.
It's better suit there and to have it grow.