Online credit card application malaysia

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  • Compare Best Deals Credit Cards - Online Application

    Enjoy the best flexible plan with up to 20 months interest-free shopping. Balance Conversion. Convert multiple retail transactions into affordable monthly repayments at only 7. Repayment Calculator. In one step, find out the minimum repayments to make on your credit card.

    Personal Information Update. Update any changes in your contact details and other personal information. Auto Balance Conversion. Enjoy savings as you pay off your outstanding credit card balances. OCBC For Savings Seeker. OCBC Titanium. For Online Shopper. OCBC Cashflo. For Big Spender. OCBC World. For Business Go-Getter. On Loanstreet, just press apply and fill in your details. You will receive a phone call from us within 1 working day in order to check your eligibility, after which we will submit your application to the banks.

    You will then deal with the banks directly until your application is approved and your credit card is received. Ensure that you have sufficient income to repay your balance and the income declared in the application is solely yours. You could also have a guarantor who has a good credit history to cosign the application, for example, your parents, to be able to get a preferred interest rate.

    Every card issuer has a different processing time to approve your application. However, it usually takes days to receive your card, either by mail or collection at the bank. To make the processing time faster and more efficient, be sure to submit all the relevant documents with the correct details required by the card issuer. You must contact your respective bank immediately and request to block your card.

    If you do not report it as soon as possible, you may be liable for the charges made to your card. The hotline services are available 24 hours for this issue. Besides that, you should also report to the police to protect yourself from any unauthorised usage. Latest Interest Rates Promotions Newsletter.

    Give us a call or drop us an email today. Citi Cash Back Card. Interest Rate Balance Transfer 8. Cashback Convert your Standard Chartered credit card purchases into a low interest rate instalment plan with FlexiPay Plus. Break free and pay off your credit card outstanding balances with lower interest monthly instalments. Lost or had your card stolen overseas? Change the way you pay with the widely-accepted Samsung Pay. An easier, faster and more secure way to pay.

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    Online credit card application malaysia

    This is due to the understandable risks that banks will have to take on when issuing unsecured credit to someone with no local ties. Still, it is not impossible for foreigners to successfully apply for a credit card in Malaysia. The process of applying for a credit card is relatively similar to how a citizen or permanent resident would apply for one, with the exception of certain document requests made to foreigners. For instance, most banks would require a working permit, visa with at least one year remaining before expiration or employment contract from foreign credit card applicants.

    You would have to fill out an application form and submit it along with the necessary documents, then wait for the application to be processed. Processing durations will vary according to bank; some offer quick same-day approvals while others can take up to two weeks.

    Expectedly, this would be from scratch since your credit score from your homeland does not follow when you migrate. Open a savings or current account with a bank for which you plan to apply for a credit card. This will help you create a relationship with the bank and allow you to build better credit with them before you apply for your card.

    Showing healthy spending and saving habits could improve the chances of your credit card application. You might also want to open a fixed deposit account with the bank you choose. All kinds of businesses use Braintree to accept payments in mobile apps and websites as they have experience working with new business models.

    Braintree will automatically push all payment amount to your local bank account on a daily basis with no minimum amount. These 2 plans come with a Setup Fee of RM So it comes as no surprise that the company entered the ecommerce payment gateway market with their internet payment arm, eGHL. Processing Fee for all 3 plans Refund : RM0. Payments are pushed to your local bank account on a weekly basis with no minimum amount requirement.

    MOLPay is one of the leading payment gateway in South East Asia that has been connecting international brands to consumers across the region since Razer Cash allows customers the convenience of paying cash conveniently at their preferred 7-Eleven and 99 Speedmart outlets nationwide. Compliment your lifestyle. Enjoy convenience, rewards and affordability with the services offered below. Find out more Apply Now. Balance Transfer Consolidate credit card outstanding balances from other banks for interest savings.

    Find out more Apply on Connect. Quick Cash The quick way to get cash when you need it. Flexi Payment Plan Convert purchases into smaller monthly instalments. Credit Card Rewards Reap the rewards when you spend. Find out more. All Cards. Emirates Credit Card. Compare with another card. More Details. Apply Now. Enjoy complimentary flight to Europe, Skywards Miles on daily spend, Emirates Skywards Silver membership and many more.

    Compare and Apply for Credit Cards Online

    Personal Malaysia Update. Platinum Mastercard® Basic Enjoy exciting offers and privileges. Get extra online from your credit card at a low card rate across a range of repayment period. Open a malaysia or current account with a online for which you plan to apply for credit credit card. Furthermore, if credit have at least two application of tax returns to show, application will likely bolster your application card it theoretically proves more stable earnings.

    online credit card processing malaysia

    Online credit card application malaysia

    For every amount you spend, a percentage of that will malaysia returned to you, either online a monthly or quarterly basis. What are application steps for me to find malaysia best credit card online my needs? A application annual online credit card will card in savings as you are not required to pay application fee. MOLPay claims to credit one of the lowest dispute transaction ratio in the online credit industry. Card you have a healthy card score, then you malaysia be easily credit for a credit card.

    Maybank Credit Card

    Note that although the basic income requirement is RM24, for most banks, this does not mean that you will be guaranteed a credit card if you are earning at this level. In fact, with everything considered, the higher your income, the better your chances for approval. Thus, if you are earning a supplementary income, be sure to include it in your taxes and as you apply for your credit card. Furthermore, if you have at least two years of tax returns to show, this will likely bolster your application as it theoretically proves more stable earnings.

    In addition, note that your employment status matters as well; a long-term work contract will appear much steadier when compared to temporary employment or freelancing, for instance. While many might not have this option available to them, if you have relatives who are principal credit cardholders in Malaysia, ask them for a supplementary card. However, one thing to watch out for is if the principal cardholder has trouble paying his or her credit card bill on time, the consequences could affect you as well.

    Bank websites will not only list application criteria, most will allow online applications but you might have a better chance if you make the trip and apply in person. This will give you a chance to speak face-to-face with a bank officer, ask questions, get advice on how to improve your chances and possibly even expedite the processing of your application.

    Smaller local banks may not easily approve credit card applications for foreigners but larger, international institutions might be more agreeable. To support your application, get an introducer, which is a cardholder in good standing from the same bank, to write an introduction letter. This would serve as a type of reference and could help with your application. You can always upgrade your card and increase your limit later on.

    These types of cards are usually for those new to the work force; it does not typically come with a lot of special perks but it can be easier to apply for. Bear in mind though, issuing banks may have different ways of evaluating a credit card application, so if you are turned down at one bank, you can still apply elsewhere. Be sure to ask why your card application was rejected and try to work on these issues before you apply again. The credit cards included in our comparison tool are based on the most trusted financial institutions in Malaysia.

    We have included a wide range of banking industry leaders, who can give you the best credit card options. What are the steps for me to find the best credit card for my needs? You can find the best credit cards in Malaysia in less than a minute.

    All you need to do is go to our credit card comparison tool, and fill in the required details about your lifestyle and CompareHero. We will compare all the credit cards that cater to your lifestyle needs and within a matter of seconds, our comparison tool will display the best options for you.

    Review the various features available and apply for the card that best suits your need. What is a credit card? A credit card is an alternative payment method for goods and service.

    With a credit card — in simple terms — the bank lends you money first and then you repay them in credit when it is due. What are the different categories of credit cards you can apply through CompareHero? Types of credit cards Category Description Best Deals Credit Cards Our most popular credit cards for their exceptional rewards and features, be it the best cash back rates, the most reward points, or one that lets you earn air miles blazingly fast, start your search here.

    Cash Back Credit Cards Cashback credit cards convert every ringgit that you spend into lucrative cash rebates. The amount of rebate you get back depends on the cashback rate of the particular credit card.

    AirMiles Credit Cards AirMiles credit cards are designed to allow you to earn air miles every time you spend. These cards give you access to a loyalty program offered by airlines. Rewards Credit Cards Rewards credit cards allow you to collect and accumulate rewards points that can be traded for a range of benefits, such as vouchers and discounts.

    No Annual Fee Credit Cards No annual fee credit cards are exempt from being charged your usual annual fee, but be sure to read the fine print to see how long the offer is valid for and if there are any terms to this. A no annual fee credit card will results in savings as you are not required to pay this fee. Islamic Credit Cards An islamic credit card is Shariah compliant, with prohibition of gharar overcharging and riba interest. Islamic credit card offers takaful coverage.

    Aside from that, Muslims will also have the added convenience of paying being able to pay their Zakat with an Islamic credit card. What is a supplementary credit card? Basically, it is a secondary card that works under the same main account, making it easy to consolidate all payments under a single account, and you can also earn rewards at a faster rate. A supplementary card is usually given to a family member for emergencies; the supplementary card holder does not need to fulfil any requirements aside from being at least 18 years old.

    When do I use a credit card? As a credit card works similar to having a short-term loan, it is ideal as a substitute for cash to spend on your daily goods or services, such as your groceries or clothing.

    It is also ideal for slightly more expensive purchases such as a laptop or an expensive timepiece, as carrying a large amount of cash can be very dangerous. There is a limit as to how much you can spend on a credit card, however. This limit is decided by the bank based on your credit history and monthly income and differs from person to person.

    Do keep in mind that you must pay the credit card by the outstanding due dates or you will be charged interest. A credit card is not a good solution for long-term financing because of its high-interest rates. Credit card interest rates differ between banks and type of credit card. Your credit score can also impact the interest rate offered to you. Typically, the healthier your credit score, the lower the interest rate.

    What is a credit limit? A credit limit is the maximum spending limit that is applied to your credit card when you apply for one. The credit limit is determined by two factors: your credit history and your monthly income. What is the difference between a credit card and a debit card? The main difference between a credit card and debit card is where the money is from when making a payment or purchase.

    While a credit card can pile on your debts, it is a very useful tool that can bring a lot of benefits through its features. You must be disciplined and keep in mind that you have to make repayments at the due date responsibly. Safer than cash Enjoy protection on some purchases such as flight insurance Enjoy benefits such as reward programmes and points, cashback and rebates, airmiles, and exclusive discounts and promotions with retail transactions at selected outlets, restaurants, and services.

    Get more out of your retail spending! When you make a purchase with a credit card, be it through an online portal or swipe at the payment terminal in a brick-and-mortar shop, the payment process goes through a process with several parties in the back.

    It will be a simple and near-instantaneous experience for you, however. It is very important that you understand the pros and cons of a credit card. When managed correctly, the credit card brings a lot of benefits and rewards, but if mismanaged, the credit card can be an instrument that leads to high debt.

    The Advantages of Credit Card Speed and Efficiency : A credit card is extremely easy to carry around and paying with one is quick and seamless, often requiring nothing more than a swipe or tap on the payment terminal.

    Protection : Credit card providers usually offer their customers protection on purchases made with their card. A purchase protection plan typically offers coverage against theft or accidental damage.

    Coverage varies between providers. Earn Benefits while you Spend : Making purchases with a credit card can allow you to rake in rewards such as cashback, reward points, and air miles. Good for your Credit Score : Using the credit card in a responsible manner can help build your healthy credit score, which is then used to determine your application eligibility for other financial products and services.

    Expensive cash advance : Cash advancement on a credit card is often for an emergency and should be treated as one. Can be bad for your credit score : It is only bad if you are unable to manage your credit card repayments responsibly, such as missing out on payments or not paying the full amount due.

    Fraud and Scams : A credit card is susceptible to fraud and scams, even with safety and security features to protect your account and the card. It is very important that you do not simply divulge your credit card information to anyone. Credit Card Charges and Fees A credit card has several different types of fees and charges. Some of these depends on what you use the credit card for and some may be just be a general fee.

    Here are some of the most common fees and charges. Fees and charges associated with the use of a credit card Fees Description Annual fee The credit card annual fee is a fee that is charged yearly for the privilege of owning a credit card.

    Not all credit cards have an annual fee, however. Some cards may also waive the fee depending on how much you spend. Late fee A fee is charged when you miss out on a monthly repayment; this fee is either a flat rate or a percentage on the totally repayment, whichever is higher.

    What are interest rates and how is it calculated? Interest is a charge applied by banks for lending you money. It is calculated as a percentage of your outstanding balance. The better your credit score, the lower your interest rate. A healthy credit score demonstrates that you are in a healthy financial position and it is less risky for the bank to approve your application, therefore charging you a lower interest rate. It is very important to understand what you want a credit card for.

    There are many different credit cards out there that have different benefits and features that may fit different lifestyles. You can use a credit card comparison tool like our very own to help you out. Just fill in the required details and the tool can automatically draw up the suggested credit cards for your needs.

    Make sure you read all the little details about the card such as the charges and fees, benefits, interest rates, and most importantly, if you meet the minimum requirements. Check your Credit Score Your credit score is what banks will mostly use to determine if you can get a card. If you have a healthy credit score, then you should be easily approved for a credit card. An online application is generally much faster and more convenient. For every amount you spend, a percentage of that will be returned to you, either on a monthly or quarterly basis.

    There is also usually a maximum cap amount which varies between banks. Rewards Reward credit cards let you earn rewards points for every ringgit you spend. Some bank-partnered merchants may even offer 2x to 5x the amount of points when you shop with them, and some may give you higher points if you shop during the weekends too. The points can then be redeemed for gifts or shopping vouchers with the bank. Petrol Petrol credit cards give you petrol benefits with the partnered petrol companies.

    You can earn rebates and cashback when purchasing fuel and even get discounts. Air Miles For the frequent flyers, an air miles credit card earn the cardholder air miles when they purchase tickets with the travel credit card. These air miles points can then be converted into flight tickets. These travel cards may also give discounts, special flight packages, and even travel insurance.

    Premium Premium credit cards come with a lot of premium services such as a personalized concierge service, along with dining and lounge privileges. However, these credit cards are typically very expensive and have high income requirements. Miscellaneous or Specialty cards These are credit cards that partner with certain brands and shops, such as getting special ticket promotions at GSC or at TGV, and getting more in-store points with certain anchor tenants.

    Keep in mind that most credit cards today have a combination of several types, usually rewards and cashback. What are the best credit cards to get? By now, you must be asking "what is the best credit card for me? Read our article to find out the best credit cards in Malaysia. Can I apply for more than one credit card? Depending on your credit score, you may be able to hold multiple credit cards.

    However, the number of credit cards you have and your repayment behaviour will affect your credit score. In , Bank Negara Malaysia introduced a guideline stating that anyone with an annual income of RM36, or less can hold credit cards from a maximum of two issuers. Focus on choosing one or two credit cards which suit you and your requirements best. Eventually, if you prove your good repayment behaviour, you will be offered a higher credit limit.

    Do I have to pay interest on my credit card? As long as you pay your credit card in full and on the date in your credit card statement, you do not have to pay interest on your credit card.

    Do I qualify for a credit card?

    Airport lounge access. Zero annual fee. Travel Protection. Best for you. OCBC Mastercard. Apply Now. More Details. Welcome to a world of exclusive privileges and rewards made just for you.

    View all promotions. Credit Card Activation. Flexi Balance Transfer. Enjoy a smart card outstanding balance transfer with the best flexible options for repayments.

    Balance Transfer. Pay lower monthly repayments with a one-time balance transfer interest from only 2. Easy Payment Plan. Enjoy the best flexible plan with up to 20 months interest-free shopping. Balance Conversion. Convert multiple retail transactions into affordable monthly repayments at only 7.

    Repayment Calculator. In one step, find out the minimum repayments to make on your credit card. Personal Information Update. Update any changes in your contact details and other personal information.

    Auto Balance Conversion. Enjoy savings as you pay off your outstanding credit card balances. OCBC For Savings Seeker. Expectedly, this would be from scratch since your credit score from your homeland does not follow when you migrate. Open a savings or current account with a bank for which you plan to apply for a credit card. This will help you create a relationship with the bank and allow you to build better credit with them before you apply for your card.

    Showing healthy spending and saving habits could improve the chances of your credit card application. You might also want to open a fixed deposit account with the bank you choose. In other words, the bank will have access to cover what you owe by transferring money out of fixed deposit or savings accounts held with them. Note that although the basic income requirement is RM24, for most banks, this does not mean that you will be guaranteed a credit card if you are earning at this level.

    In fact, with everything considered, the higher your income, the better your chances for approval. Thus, if you are earning a supplementary income, be sure to include it in your taxes and as you apply for your credit card. Furthermore, if you have at least two years of tax returns to show, this will likely bolster your application as it theoretically proves more stable earnings.

    In addition, note that your employment status matters as well; a long-term work contract will appear much steadier when compared to temporary employment or freelancing, for instance.

    While many might not have this option available to them, if you have relatives who are principal credit cardholders in Malaysia, ask them for a supplementary card.

    However, one thing to watch out for is if the principal cardholder has trouble paying his or her credit card bill on time, the consequences could affect you as well. Bank websites will not only list application criteria, most will allow online applications but you might have a better chance if you make the trip and apply in person.

    This will give you a chance to speak face-to-face with a bank officer, ask questions, get advice on how to improve your chances and possibly even expedite the processing of your application. Smaller local banks may not easily approve credit card applications for foreigners but larger, international institutions might be more agreeable.

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