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Most probably you are reading this while shopping, waiting for your wife/girlfriend trying on a new dress or shoe? Congratulation... You're never be more relevant to read this article. Wait, what is the 3rd way? 1st way ---> Cash 2nd way ---> Credit Card 3rd way ---> ??? Introducing the NEW concept of shopping... The whole idea behind 3rd way is to promote responsible shopping within our community. With proper planning, you can avoid spending all your cash on the item you want. Instead, you can shop and be rewarded with the interest rates from saving the extra cash reward. You can plan to spend your money for a gadgets, a journey or whatever items and get amazing deals and pay in the future, helping you to get the things you want hassle free. After changing the buying concept, you will arrive at an interesting question: " If shopping could be free from pain of credit and the guilt of cash, what would I buy? ". Happy answering... Yup. This is the new concept that ...

Credit cards have become a part of life in Malaysia. But as much as they make life a lot more convenient; credit cards can also lead to an unmanageable amount of debt. In some cases, credit cards have even led to bankruptcies. If you have a credit card debt that seems to be spiralling of control, it may be the right time to consider debt consolidation. In Malaysia, there are two common debt consolidation methods that are highly workable. 1) Credit Card Balance Transfer Credit Card Balance Transfers involve the transferring of money that you owe on your current credit card account to a new credit card. Balance transfers offer a number of different benefits, including lower interest rate and the ability to simplify your credit card debt payment process.  How Credit Card Balance Transfers Can Work for Debt Consolidation: ●      If you have accumulated a significant amount of credit card debt, there is a good chance you are currently being charged the maximum inte...

Attention to all credit card holders (especially for the following mentioned banks), interest rates for outstanding credit card balances, and late payments will be revised higher . At least 3 banks, namely Hong Leong Bank, Ambank and Citibank already published the rate revision effective March 2012 on respective website. What did Bank Negara Malaysia (BNM) said? According to The Star Newspaper , a spokesman from BNM said the repricing of rates was not due to directive from the central bank, explaining that it was done by the banks. "However, the new rates are withing the range stipulated in Bank Negara's credit card guidelines," he told The Star . Rationale behind the revision Beautifully, banks said the revision was done to promote sound financial management by saying that the move would encourage card holders with outstanding debts to pay them off. But, what we understand is that for those who are in debt right now, they were being slapped with a higher finance charges ...

Nowadays, people are using "Plastic Cash" (credit card) to shop and pay for almost everything. With the ease of payment, comes with the ease of fraud. As a wise consumer, we should know how to prevent credit card fraud, thus safeguarding our "plastic money". Credit card fraud is a serious crime which can cost you and credit card issuers huge losses. Credit card issuers have taken security measures to protect you against such possible frauds. However, you can also take the proper safety measures to avoid from being a victim of fraud. Here’s what you can do to minimize your risk of being a victim of card fraud: Safeguard your credit card Sign on your credit card immediately after you received it. Keep your credit card in the same place in your wallet or purse so that you will notice it immediately if it is lost or stolen. Do not lend your credit card to anyone. Do not provide your credit card details to an unknown party. Do not write down your PIN number on the ...

New Measures on Credit Cards had been announced by Bank Negara Malaysia (BNM) to promote prudent financial management and responsible business practices. Summary on the announcement made: For new credit card holders , minimum income eligibility is set at RM24,000 p.a For cardholders earning RM36,000 p.a and less , the following would be applicable: Cardholders can only hold credit cards from a maximum of 2 issuers Affected existing cardholders are given up to the end of 2011 to select their preferred issuers. Cardholders will also be given at least 2 years to service their outstanding credit card debt for the credit cards that have been canceled for the purpose of meeting this requirement. The maximum credit limit extended to a cardholder shall not exceed 2x their monthly income per issuer. For affected existing cardholders, a grace period of 2 years will be given to them to meet with the new requirement. Example of Credit Cards How about credit card issuers? Credit card issuers are ...

Leap, Leap, Leap to greater prosperity in the year of Rabbit. In conjunction with the coming festive season, banks are going all out to lure their customers from all angle. It ranges from deposit, investment, insurance, credit cards, and of course shopping and dining. In order to stay relevant, Finance Malaysia is proud to highlights some of the promotions. Deposit CNY Promotion: Hong Leong Saving Account CNY Promotion: UOB Deposit Investment Public Bank is offering auspicious works of art (prosperity fish, peach, and bowl) to customers who invests a minimum of RM50,000 in Unit Trust, plus RM2,000 in Bancassurance or RM50,000 in Foreign Currency Fixed Deposit. CNY Promotion: Public Bank (Investment + Banca / Foreign Currency FD) Eat, Eat, Eat... Enjoy FREE salmon "yee sang" with your AmBank credit card Enjoy 'Extravagant 8 Menu' for just RM888++ with Standard Chartered credit cards.

I believe almost every credit card users had been offered a new type of insurance - credit card insurance . What is credit card insurance? it insured you of the outstanding amount owed in your credit card it covers death and disablement of credit card holders it charges card holders an insurance  premium annually normally And, in my case, it offers me a better plan which only charge me if there is any outstanding credit card loan. If you're a prompt paymaster, this is definitely the better option for you. If you agreed on the deal, all you need is to answer ' YES ' through the phone. Then, they will issue a contract notes and mail to your home address. Ya... Pretty easy and convenient though. But, is it worth to have such insurance? Finance Malaysia opine that it is not worth, and its a waste of money because of the following points:- Credit card supposed is for our ease of making purchases, especially for those 0% installment deals. Those who opts cred...

Before checking into a hospital, make sure that you bring your favorite hospital linked credit card next time. Due to stiff competition in credit card industry, special cards which linked to hospital services became a "think out of the box" thing here. Below highlights some of the features for such credit card: 2% cash rebate on all expenses at the hospitals 20% savings on all hospitals' suites 10% savings on all hospitals' charges during admission (excluding doctors' fees) Fortunately, I had never stay in a hospital before. And due to this, I never experienced the service provided by a particular hospital. Do we really need such a card? For me, I will use credit cards to shop, if credit cards can gave me discount /  rebate. Going for shopping can be anytime anywhere as long as I like it. However, going to hospital was not a leisure event , which I do not like to do, and I believe you feel the same. Instead, we should buy a Medical Card for hospitalization. I...