#COMPARE CREDIT CARDS MALAYSIA FOR FREE#
#COMPARE CREDIT CARDS MALAYSIA HOW TO#
#COMPARE CREDIT CARDS MALAYSIA FULL#

It is usually offered divided into several categories as follows: 1. Because of this, many who want to have this card are confused to choose the card that suits their needs. Every financial institution offers more than one credit card as their product, and each one has its own advantages. In Malaysia, there are various types of credit cards offered.

The latest B / BE form certified by the IRB.

EPF statement for the last three months.įor self-employed individuals, you may need the following supporting documents to apply for a credit card:.

Bank statements for the most recent three months OR.

Salary slip for the most recent three months.

The required documents usually vary according to the card issuing bank and require the following details: Public or Private Employeesįor civil servants or private workers, the following are among the supporting documents required for this card application:

#COMPARE CREDIT CARDS MALAYSIA FOR FREE#

Process, Documents Required for Applicationīasically, a credit card application can be done online for FREE or through card issuing bank kiosks that are usually available in supermarkets and so on.

Be disciplined and spend according to your means and ability to pay it back.

Failure to do so may result in a penalty or one percent of the unpaid bill amount (or a minimum of RM10)

In Malaysia, cardholders are usually required to make a minimum payment of five percent or a minimum of RM50 on a set date each month.

Pay according to the schedule and do not exceed the period set each month.

Don’t leave any outstanding payments until the bank can charge you interest.

#COMPARE CREDIT CARDS MALAYSIA FULL#

Make full payment every time you make a purchase.

Here are tips for using a credit card that you can practice to avoid being burdened with a high financial commitment:

#COMPARE CREDIT CARDS MALAYSIA HOW TO#

Tips on How to Use a Credit Card Responsibly This is because, it may cause you to spend beyond your financial means and cause you to have to bear high monthly bills until finally being declared bankrupt. But if you are a spendthrift, you are not recommended to have a credit card.

If you are highly disciplined, it may not be a problem. Is this card a necessity or a want? Basically, this factor depends entirely on the individual. Otherwise, you will be charged interest on the unpaid amount, usually around 13.5 to 17.5 percent per annum. The purchase amount will be collected and you will have to pay it back to the card issuing bank at the end of the month or on an agreed date according to the terms and conditions. When you use this card to make a payment, you are essentially borrowing from the card issuing bank. When you pay with a credit card, you are actually borrowing money from the issuing bank.Ĭredit cards in Malaysia work just like any other loan offered by banks. In other words, this card works as a small scale loan just like a personal loan. Frequently Asked Questions Related to Credit Cards in MalaysiaĬredit cards allow you to buy goods or services without having to pay directly.Tips for Choosing the Best Credit Card Malaysia.

List of the Best Credit Cards in Malaysia.Process, Documents Required for Application.Tips on How to Use a Credit Card Responsibly.

Compare credit cards malaysia