Platinum credit cards are nice looking, great to have, provides higher credit limit, lets you enjoy better customer services, and more. If you earn a 5 digits monthly income, or at the high end of the 4 digits monthly income, you might want to have this type of credit card residing in your wallet.
However, the annual fee of platinum credit cards is normally much more higher than gold credit cards, and easily cost you a few hundred ringgit. The RHB VISA Infinite even charges you RM1,000 annually for that. It would be nice if the annual fee can be waived for a lifetime without any condition set.
To avoid the hassle with the annual fee, you might probably want to look for a free for life (ffl) platinum credit card, if you intend to apply for one.
The list below are some of the free for life (ffl) platinum credit cards issued in Malaysia, which won't charge you for any annual fee:
- CIMB PETRONAS Platinum MasterCard (provides cash rebate on spending, also ffl to supplementary cards)
- CIMB Platinum Business MasterCard (provides cash rebate on spending, targetted to corporates)
- CIMB VISA Platinum (also ffl to supplementary cards)
- CIMB Mastercard Platinum (also ffl to supplementary cards)
- CIMB Direct Access MasterCard & VISA Platinum (targetted for graduates and professionals, also ffl to supplementary cards)
- UOB Lady's Visa Platinum (targetted for ladies, also ffl to supplementary cards)
- UOB Lady's MasterCard Platinum (targetted for ladies, also ffl to supplementary cards)
- EON Bank Platinum MasterCard
So, which one do you intend to take? Or which one you've already taken?
3 comments:
seem like CIMB is quite aggressive in expanding its credit card segment...
I myself havent attained the level of 5-digit monthly income,haha!Currently using Direct Access Gold Mastercard :) 2% petrol rebate good enough for me
Hi,
The CIMB Direct Access Platinum used to have annual fee of RM388 but now is free for life too.
I immediately cancelled Stanchart's Visa Infinite (which charges me RM 800 annually and gave me a measly RM 60,000 credit limit) when CIMB gave me Visa Infinite (free-for-life, credit limit a whopping RM 200,000).
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