Another good news for Malaysia credit card holder. The Association of Banks in Malaysia (ABM) announce reduce credit card interest rate effects from 31st March 2009.

Tier 1
From 15 percent per annual interest rate will be reduced to 13.5 percent per annual with who promptly settle their monthly minimum payments for retail purchases for 12 consecutive months.

Tier 2
Cardholder who promptly settle their minimum payments for 10 months or more in a 12 month cycle will also benefits as the relevant interest rate will reduced to 16 percent per annual from the current 17 percent.

Tier 3
In addition, cardholders who do not fall within the two categories and who are generally termed “Tier 3″ credit card holders will see the interest rate for them come down to 17.5 percent per annum versus the current 18 percent. Read more »

Good news for all agents in line of Chinese new year 2009, There are a new challenge for next chinese new year gifts giving away for top achievers.

Starting from November till December this year, if you have make submission of any credit cards application form for 100pcs to the office within these 2 months period. you will get a Free big hamper from us before the chinese new year 2009 mid of January.

And For the top 3 Achievers for more than 100 submission will be also given the prizes as below:-
1st – Nokia Hand phone
2nd – Sony Ericsson Hand phone
3rd – Shopping Voucher worth RM 100

This challenge is easier for anyone to achieve as we are counting submission but not approval applications , Hope you will be one of them, happy selling and early wishing to you a happy chinese new year 2009!

There is a way to save interest for your credit card With the implementation of Tiered Finance Charge effective 1 July 2008, credit card holders who demonstrate good payment track record in settling at least their minimum payment promptly before or on the due date will enjoy reduced finance charge on retail purchases as low as 15% per year.:)

This is in line with Bank Negara’s objective to encourage prudent financial management and to inculcate good financial discipline.

Here is how bank track your 12 months credit card interest payment or finance charge:

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Get even more savings at JCPenny Malaysia when you shop with your Citibank Credit Cards this AUGUST! On top of the 10% discount, JCpenny are offering an additional 5% savings just for Citibank Cardholders this August!

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