AMEX is currently having a promotion where card holders will get 10X Rewards Points on petrol and grocery spending at all petrol station and selected supermarket or hypermarket. Based on points conversion of 200 points to RM1, you will get 5% cash back.
The only downside of this promotion is you have to spend RM500 elsewhere within the same month.
Promotion is valid from 1st April to 31st July 2010. All American Express Cards issued by Maybank and Maybank Islamic are eligible to enjoy this promotion. However American Express Corporate Cards and Singapore Airline KrisFlyers Card.
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March 30, 2010
Hire Purchase
Affin Bank,
Alliance Bank,
AmBank,
Bank Muamalat,
CIMB Bank,
Comparison,
EON Bank,
Hong Leong Bank,
Maybank,
Public Bank,
RHB Bank
If you plan to buy a new car and do not know which banks give the best interest rates, you are at the right place. Just bear in mind that, the rate listed below are for new cars only.
The table below shows the current hire purchase or car loan package that banks in Malaysia offer as in March 2010 for comparison purpose. The package may change, so for confirmation, you can check with the respective bank.
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March 14, 2010
Banking,
Home Loan
Affin Bank,
Alliance Bank,
AmBank,
Bank Islam,
BFR,
CIMB Bank,
Citibank,
Conventional,
EON Bank,
Hong Leong Bank,
HSBC,
Islamic,
Maybank,
OCBC,
Public Bank,
Rate,
RHB Bank,
Standard Chartered
With recent hike of Overnight Policy Rate (OPR) by Bank Negara Malaysia (BNM), Banks do not take a long time to raise BLR and BFR. The first bank to raise the BLR is Bank Simpanan Nasional.
BLR normally used in conventional loan package while BFR normally used in Islamic loan package. However, most of the time BLR & BFR figures are the same.
The table below show the latest BLR or BFR rate for most of banks in Malaysia as at 12th March 2010. This table is no longer maintained. The latest rates can be found on this page.
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We are talking about two different term here, ASB & Overdraft. Everyone knows ASB is an investment fund that managed by ASNB, PNB’s wholly owned subsidiary. ASB is giving very attractive return & one of the highest paying dividend fund.
While, an overdraft (OD) is a type of bank loan facility where we are allowed to withdraw money from current account exceeding the available balance. The benefit of OD is, the interest is charged on overdrawn amount from your OD account on daily rest. This will be beneficial if you only need a short term loan. Comparatively interest rate for personal loan is charged on total loan amount
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January 14, 2010
Credit Card
Affin Bank,
Alliance Bank,
AMEX,
Balance Transfer,
CIMB Bank,
Citibank,
Direct Access,
EON Bank,
Maybank,
MBF Cards,
Standard Chartered,
UOB
A credit card balance transfer is the transfer of the balance or debt in a credit card account to an account held at another credit card company.
Due to recent credit card tax imposed by government, many credit cards issuers is doing balance transfer promotions as part of their strategy to retain its customer. The credit card issuers are giving a great promotions ranging RM50 rebate per balance transfer to 0% interest free balance transfer. Actually this is great for customers. It will offer great saving for those who would like to use this facility.
If you have unsettle credit card debt, it is wise to do balance transfer in order to save the interest. With such a low balance transfer fee, it is certainly much better than personal loan to clear out credit card debt.
Below are list of recent balance transfer promotion.
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