Joined: 18 May 2009 Posts: 76 Location: Malaysia Home Country: NULL
Posted: Tue Nov 03, 2009 2:21 am Post subject:
Jack wrote:
Zarrar Khan wrote:
Try CIMB bank. They call themselves the most "expat friendly" bank here.
Go and check out how "expat friendly" they really are!
Regards
Zarrar
Really?
Not for their Credit Card then...
CIMB is a good bank, but they are no more expat friendly than Maybank IMHO
Ya.. i use Maybank for local and HSBC for international transactions myself. Satisfied with both.
This is what CIMB claim to - "most expat friendly bank". I was at the Expat Expo in Kl a couple of weeks ago and attended a CIMB presentation on their services. The claim that they were the most expat friendly bank was thrown around quite a bit. No experience with them but would like to know how expat friendly they really are.
I assume you did not have a good experience with their credit card service?
Joined: 06 Aug 2004 Posts: 2175 Location: Kuala Lumpur Home Country: france
Posted: Tue Nov 03, 2009 10:21 am Post subject:
Last I checked, when you apply for a credit card with them as an expat, you have to open a linked Fixed Deposit to secure your credit. Meaning that you have to advance the money to be able to get a credit card, and you still pay the normal CC charges should you be late for one of your payment - your money still being locked in their FD.
They told me it's the best they could do, and when asked if they could provide me with a debit card they looked at me with rounded eyes...
Meanwhile, HSBC took a long time to accept my CC application and were difficult, but at least it works like a normal CC
Last edited by Jack on Tue Nov 03, 2009 10:50 am; edited 1 time in total
Gender: Age: 11 Zodiac: Joined: 08 Jul 2005 Posts: 1747 Location: KL Home Country: malaysia
Posted: Tue Nov 03, 2009 10:48 am Post subject: Car Loans
Jack wrote:
Last I checked, when you apply for a credit card with them as an expat, you have to open a linked Fixed Deposit to secure your credit. Meaning that you have to advance the money to be able to get a credit card, and you still pay the normal CC charges should you be late for one of your payment - your money still being locked in their FD.
That's not nice... By right, the charges should be reduced because it is a secure credit!
Joined: 18 May 2009 Posts: 76 Location: Malaysia Home Country: NULL
Posted: Wed Nov 04, 2009 12:24 am Post subject:
Jack wrote:
Last I checked, when you apply for a credit card with them as an expat, you have to open a linked Fixed Deposit to secure your credit. Meaning that you have to advance the money to be able to get a credit card, and you still pay the normal CC charges should you be late for one of your payment - your money still being locked in their FD.
They told me it's the best they could do, and when asked if they could provide me with a debit card they looked at me with rounded eyes...
Meanwhile, HSBC took a long time to accept my CC application and were difficult, but at least it works like a normal CC
Hmmm... CIMB dont sound very expat friendly to me!!
I, personally, didnt have any problems with HSBC. The CC was processed fairly fast without much difficulty. But maybe I just got lucky
Pleeeeeeeaaase, CIMB was the worst I have seen in all things:
At the Expat Expo they had NO idea what to explain to me regarding the preferred service except that they get 150K and I get "benefits". Three times the lady looks to her colleague to find out what to say and the colleague says something like "tell him about the better transfer rates" and she couldn't, to which I asked the colleague to save time and just explain, and I was amazed to hear her say "No, because she's the sales, she must do this."
I also had the same stupid offer over the credit card that is more than secured by an FD. Most of all though, when I went to get a car loan, they told me they don't give it unless I have 6 months bank statement IN CIMB and not any other bank. (and still 70%) That is besides the fact that they only service that through one branch in Kampung Baru, and were literally horrible in the phone service.
My experience so far:
Ambank: good amount with a guarantor, 40% only without
Maybank: 70% without a guarantor, but a strangely discounted market value for cars, it ended up being closer to 55%
CIMB: Above
Public: 60% without a guarantor (currently still best offer!)
Maybank approved an unsecured credit card for me without a problem, I'ld rate them much much higher than CIMB in general sense, phone service, and treatment of me as an expat. CIMB is just "Give us deposits to give you printed statements and untrained staff" kind of bank.
Still no solution though, haven't tried hong leong or alliance. Any advice?
Joined: 18 May 2009 Posts: 76 Location: Malaysia Home Country: NULL
Posted: Wed Nov 04, 2009 5:01 am Post subject:
sampharo wrote:
Pleeeeeeeaaase, CIMB was the worst I have seen in all things:
At the Expat Expo they had NO idea what to explain to me regarding the preferred service except that they get 150K and I get "benefits". Three times the lady looks to her colleague to find out what to say and the colleague says something like "tell him about the better transfer rates" and she couldn't, to which I asked the colleague to save time and just explain, and I was amazed to hear her say "No, because she's the sales, she must do this."
I also had the same stupid offer over the credit card that is more than secured by an FD. Most of all though, when I went to get a car loan, they told me they don't give it unless I have 6 months bank statement IN CIMB and not any other bank. (and still 70%) That is besides the fact that they only service that through one branch in Kampung Baru, and were literally horrible in the phone service.
My experience so far:
Ambank: good amount with a guarantor, 40% only without
Maybank: 70% without a guarantor, but a strangely discounted market value for cars, it ended up being closer to 55%
CIMB: Above
Public: 60% without a guarantor (currently still best offer!)
Maybank approved an unsecured credit card for me without a problem, I'ld rate them much much higher than CIMB in general sense, phone service, and treatment of me as an expat. CIMB is just "Give us deposits to give you printed statements and untrained staff" kind of bank.
Still no solution though, haven't tried hong leong or alliance. Any advice?
LOL! sounds horrible about CIMB bro! According to reviews, "expat friendly" my ass!
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By right, the charges should be reduced because it is a secure credit!
