Tag Archives: HLB

GenX’s Recommendations of Cash Back Credit Cards Malaysia 2015

GenX GenY GenZ Credit Cards Recommendations

I have been promoting the Maybankard 2 Cards for years simply because the AMEX gave us 5% cash back for any type of transactions including Petrol and Groceries that form a major part of our expenses. With the government imposing 6% GST, live has become harder for many and now even worst for credit card holders with Maybank’s evil action (during the month of Raya the 5% cash back will be revoked except for Dining).

But I have not abandoned you guys like what Maybank will be doing to you. If you are looking for alternative cards to replace your Maybankard 2 Cards, I have good news for you. I am pleased to present to you GenX’s Recommendation of Credit Cards. Please share my recommendations with others so that they too can benefit from it.

Click the link below to GenX’s Recommendations of Credit Cards:

http://generationsxyz.blogspot.com/…/genxs-recommendations-…

In the above mentioned article, I have listed several cash back credit cards from UOB Bank, Hong Leong Bank, Maybank Islamic, AEON Credit, Public Bank and CIMB Bank that may be good replacements for the Maybankard 2 Cards AMEX. However, you may need to hold several combinations of cards to achieve the same effect of the Maybankard 2 Cards AMEX where the 5% cash back was applicable to all types of transactions.

I have briefly mentioned the Pros and Cons of the cash back credit cards recommended plus other types of credit cards for other types of specific wants, i.e. Frequent Flyer Miles and FREE entries to airport lounges.

Maybank will also be reducing the FREE entries to Plaza Premium Lounge with their Visa Signature and Visa Infinite to just 5X. But if you hold the Maybank 2 Cards Premier, I will show you how you can get 20X or 25X or even 45X FREE entries to airport lounges worldwide!!!

Even with just 5X Free entries to Plaza Premium Lounge, the MBB VS still not too bad as it earns the cardholder 5% cash back for Petrol and Groceries EVERYDAY where you can earn up to RM88/month or RM1,056/year.

As for the MBB VI, we started off with only 5X FREE entries only with Priority Pass Membership Card, so, add the 5X FREE entries to PPL nationwide, we still get 10X FREE entries to airport lounges. So, it’s still 100% increase from the day I got my MBB VI, hahaha.

The Best Credit Cards 2015 for FREE Entries to Plaza Premium Lounge at KLIA, KLIA2 and Worldwide

UPDATE July 2015 – Below contents are outdated. The Maybank Visa Infinite and Visa Signature no longer offer UNLIMITED FREE entries to Plaza Premium Lounges nationwide. Please click here to my new FREE ENTRIES TO AIRPORT LOUNGES WITH CREDIT CARDS PAGE at my main blog where I have a list summarizing the of credit cards that grant complimentary access to airport lounges.

In my Credit Card Ultimate Showdown 2015 – The Top 10 Best Credit Cards in Malaysia, I awarded Maybank the Credit Card Issuer Of The Year. They have 5 cards in my Top 10 list and I listed down the reasons why they are so freaking generous compared to other credit card issuers.

If you are looking for the best credit card to suit your spending pattern, I recommend you click here and read my Credit Card Ultimate Showdown 2015.

And once again, Maybank has given me more reasons to back up my claim that it is the most generous bank and that the Maybank 2 Cards Premier is the best credit card combo in the world.

Recently, I log on to my M2U and saw that I was imposed the RM800 annual fee and 6% GST too for my Maybank 2 Cards Premier. And since I did spend the minimum amount to qualify for auto annual fee waiver, RM800 was instantly credited into my account AND best of all, so was RM48 (6% GST)!!! No need to beg them :)

And yesterday I updated the list of credit cards that entitle us FREE entries to airport lounges at LYN and my blog. If you are a reader of mine, you should be aware that the Maybank Visa Signature Supplementary card holders are also entitled to enter Plaza Premium Lounges nationwide for FREE. Click here to read my review of the Maybank Visa Signature which also reward us with 5% Cash Back for Petrol and Groceries EVERYDAY.

Yesterday, a member at LYN by the name of zenquix (another Sifu of mine) mentioned that the Maybank Visa Infinite Supplementary Cards are also entitled to enter Plaza Premium Lounges nationwide for FREE!!! This is freaking fantastic as I have 3 Supplementary cardholders.

In addition to UNLIMITED FREE entries to Plaza Premium Lounges, the Maybank Visa Infinite also comes with the Priority Pass Membership Card (Principal cardholder only) which gives us 5X FREE entries to airport lounges worldwide.

To read my comprehensive review of the Maybank Visa Infinite (stand alone), please click here.

To read my comprehensive review of the Maybank 2 Cards Premier – AMEX RESERVE and Visa Infinite combo, please click here.

And to see which Gold, Platinum and Premier credit cards (from AEON Credit, American Express, Alliance Bank, AmBank, Citibank, HSBC, Hong Leong Bank, Maybank, RHB, and UOB Bank) that allow you FREE entries to KLIA, KLIA2 and airport lounges worldwide, please click on the link below (you can scroll down to the Summary to see the updated list):

The Best Credit Card for FREE Entries to KLIA Plaza Premium Lounges, , KLIA2 Plaza Premium Lounges (there are 3) and Airport Lounges Worldwide.

Enrich Miles Redemption – Comprehensive Tutorial

It gives me utmost pleasure to announce that I have published my most comprehensive tutorial ever on how to fly Business Class for FREE from our credit card transactions.

With the recent inflated Enrich Miles back in 16 February 2015  and Maybank Treats Points Redemption Program effective 1 May 2015, I thought I should do some research on how to optimize the returns from my credit cards. And every time I educate myself, you guys benefit from my hard work as I will share with you my findings.

If you take this tutorial of mine, you will learn that if you spend about RM2K per month, within 2 years you”ll be able to fly Business Class to London sooner than you would ever imagine.

And since a Business Class ticket from KL to London is worth about RM10K (if you book one way), that’s like getting cash back of RM5K per year with just RM2K spending a month which beats the heck out of the Maybankard 2 Card AMEX where you only earn guaranteed cash back of RM600 a year with RM1K spending a month.

All in all, there are 21 lessons plus a bonus lesson in my comprehensive tutorial on how one can get a “FREE” Business Class ticket from his/her credit cards usage.

And if you have Liked me here in Facebook or have signed up as a Follower of mine at blogspot, you are hereby awarded the status of GenX Premier Follower and thus you are entitled to special extraordinary privileges and unbelievable discounts…..

Once again, this tutorial of mine is really comprehensive and since most of you are busy working on weekdays, it it best you take the tuition part time over the next few weekends when you are in a relax mode so that your brain can adsorb the materials presented.

Click here to start learning how you can fly Business Class for “FREE”

Year of The Goat – Chinese New Year 2015 Red Packets

I just published at my main blog a short article on 2015 Ang Pows (Red Packets, also called Ang Boa and And Pau) that I collected from several Malaysian banks. Click here to see the Ang Pows or the image below to see them.

In the above mentioned article, I posted And Pows from Allaince Bank, Hong Leong Bank, Maybank, RHB Bank and  OCBC Bank including Red Packets from Alliance Previlege Banking, CitiGold, Hong Leong Bank Priority Banking, Maybank Premier Wealth Banking, RHB Premier Banking and UOB Privilege Banking.

And if you want to learn the secret how I managed to sign up for so many Premier, Privilege and Priority Banking status with my limited funds, click here to my article My Bragging Right and My Credit Cards 2015.  I also mentioned briefly the benefits of having Premier/Privilege Banking and which banks to avoid if you want to chase after Fixed Deposit Promotions.

Malaysia Best Top 10 Credit Cards 2015

Once again the time has come for me to present to you my annual list of the Best Top Ten Credit Cards in Malaysia.

Several banks have introduced new credit cards or revised the benefits for their credit cards since I last published the Top Ten CC 2014 article.

If you have been reading my articles, I guess you would know which credit card will take top spot for 2015, hahaha. But the question is will Maybankard 2 Cards Platinum (The No.1 Credit Card for 2011, 2012 and 2014) be sharing the top No.1 spot again?

And after two weeks of cracking my head writing, researching, analyzing, editing, proof reading over and over again (but I bet you will still find tons of grammar and spelling mistakes), creating images with my low budget software (actually FREE software) while I chain smoke, it gives me great pleasure to present to you my Exclusive Credit Cards Showdown 2015 – The Best Top 10 Credit Cards in Malaysia.

Click on the below link to see GenX GenY GenZ’s Top 10 Credit Cards in Malaysia 2015 and you may just learn a thing or two or maybe nothing at all:

Click here to my Credit Card Ultimate Showdown 2015 – Malaysia’s Top 10 Best Credit Cards

For those of you who have been reading my articles at my blog, most probably you will not gain much new info in my latest Credit Card Showdown article. But I believe for those new to my blog, it will give them some insight as to what credit cards can benefit them and what to look for when choosing a credit card now and in the near future. But more importantly, those new to credit cards are taught that credit cards can actually be beneficial if used wisely and responsibly.

Towards the end of the article, I thought I would make the boring article more lively by giving you guys a template to email to the banks, hahaha.

And I would like to thank all of you who have taken some time off to read my freaking long articles. 

Maybank Visa Signature – The Best Visa Signature Credit Card in Malaysia

There is a new credit card in town that everybody would love to have – it’s the Maybank Visa Signature. This Maybank Visa Signature earns the card holder 5% cash back for Petrol and Groceries EVERYDAY! And the monthly cash back is capped at RM88 versus Maybankard 2 Cards AMEX RM50. And to top the cash back benefits, the Maybank Visa Signature offers unbelievable UNLIMITED FREE access to Plaza Premium Lounge within Malaysia.

Back in May 2014, I published an article on the benefits of Public Bank Visa Signature which offers 6% cash back for Groceries, Dining and Online Transactions. However, the kedekut Public Bank is well aware that Petrol is one of the essential expenses which we can’t avoid; and if it offered 5% cash back, all the Public Bank VS holders would only mainly use the card for Petrol to earn monthly cash back.

So, I would say that Maybank is truly a wonderful and generous bank that assist the Rakyat in their daily survival and they don’t discriminate any class. The Entry Level Maybankard 2 Cards Gold AMEX (minimum annual income RM30K) earns Fresh Graduates and Junior Execs 5% cash back for Petrol. For people in the middle management level, the Maybank 2 Cards Platinum AMEX earns them 5% cash back plus FREE Golf games.

But you know lah, to some Malaysians, “saving face” is so important that one must have a higher level credit card compared to his/her peers (actually it’s “shiok sendiri”). Therefore some would not want a Classic (HLB WISE) or Platinum (Maybank 2 Cards) and prefer to hold a useless Premier Credit Card and earn less in returns (example – Standard Chartered Visa Infinite). So Maybank now offering those in senior management level the opportunity to earn themselves 5% cash back for Petrol with a Premium Credit Card.

The Public Bank Visa Signature also claimed that it also offers UNLIMITED FREE entries to Plaza Premium Lounges in Malaysia but in reality it is just a marketing ploy. The conditions imposed for the FREE entry is damn freaking insincere.

The Maybankard 2 Cards does offer UNLIMITED FREE entries to airport lounges WITHOUT ANY. CONDITIONS! To top the 5% cash back for Petrol, the Maybank Visa Signature grants the card holder UNLIMITED FREE access to Plaza Premium Lounges within Malaysia. Wait, it gets better, you can issue 4 FREE Supplementary cards and they too are eligible for UNLIMITED FREE entries to Plaza Premium Lounges without any conditions! And no other Visa Signature credit card in Malaysia can offer your Supplementary card holder FREE entries to airport lounges (i.e. Plaza Premium Lounge).

With the above, I am pleased to award the Maybank Visa Signature the title of The Best Visa Signature Credit Card in Malaysia and also The Ultimate Credit Card for FREE Entries to Plaza Premium Lounges within Malaysia.

Click here to read my review of the Maybank Visa Signature Credit Card.


 

Credit Card Balance Transfer Plans 2014 – Best 0% Interest Rate Loan

I just republished my article on Credit Card Balance Transfer Plans to show what are the current plans available in the market.

Currently the banks offering 0% Balance Transfer Plan are AEON Card Services, Affin Bank, RHB Bank, Hong Leong Bank and Public Bank. Maybank does advertise that they are offering 0% BT for 12 months BUT that’s bull shit because you will be imposed a 3% upfront fee.

Other Banks’ Balance Transfer Plans mentioned in the article are Allaince Bank and AmBank.

No two Balance Transfer Plans are the same as each bank will have their own set of Terms and Conditions.

For those of you who are new to Balance Transfer Plans and those of you wanting to know what the banks are currently offering, click the link below to learn more on Credit Card Balance Transfer Plans:

The Best Credit Card Balance Transfer Plan 2014

In this article I will show you the following:

1. Different types of Balance Transfer Plans, i.e. True 0% BT Plans, Upfront Interest BT Plans and Reducing Interest BT Plans.

2. Current 0% Balance Transfer Plans and my comments.

3. And what you really need to know about Balance Transfer Plans.

Now, if you are stubborn and not wanting to read my above mentioned article and go ahead and perform a Balance Transfer, I have a tip for you – DO NOT USE THE CREDIT CARD WHICH YOU HAVE PERFORMED BALANCE TRANSFER WITH UNTIL YOU HAVE SETTLE THE DEBT IN FULL. This warning is most appropriate for Balance Transfer Plans that do not create a NEW ACCOUNT for the Balance Transfer.

Highest Fixed Deposit Promotions Interest Rates April May and June 2014

I just updated my Fixed Deposit Page at my main blog. To find out which banks are offering highest and best interest rates for Fixed Deposit for April, May and June 2014, please click on the link below:

http://generationsxyz.blogspot.com/p/fixed-deposit.html


Check out OCBC 12 months and 18 months Straight Forward FD which do not require the stupid CASA thingy.

And don’t be mislead by Maybank claiming that their Step Up FD 12 month Promo is offering 3.88% effective interest rate.

Other Banks’ Fixed Deposit Promotions mentioned in my FD Page are from Affin Bank, AmBank Top Bundle, UOB Bank, Public Bank, Bank Rakyat and Hong Leong Bank.

And in my FD Page, I have tips as to how to maximize earning higher effective interest rates for FD promos requiring you to deposit x% into CASA, especially on OCBC FD deals.