How to apply for credit cards
The first step to apply for credit cards is requirement. You may apply for a credit card from any card issuer by completing the application form or brochure. To apply, you must be 21 years of age or older and earn minimum income of RM18, 000 per year. You need to submit the following documents to process your application job appointment letter, latest income tax statement, bank statements, previous month’s pay slips and identification card
The second step is submission. Once you have submitted your application, the card issuer will need to carry out your credit assessment based on the information you have provided. This process is time consuming. If your application is successful, you will receive your credit card through registered mail or be requested to collect the card at the card issuer’s head office or branch.
Next is terms and conditions. When you receive your credit card and other related documents, remember to read carefully and understand all the terms and conditions specified as it is binding document between you and the credit card issuer. It is also important to understand the various changes involved prior to using your credit card as this will help you to minimize unnecessary charges. Lastly is personal identification number (PIN). You will be given a PIN separately from your credit card for security purposes. This PIN will allow you to make cash advances with your credit card at the ATMs. Bank Negara Malaysia (BNM) requires only individuals with annual income above or at least RM 18000 to hold an ordinary or classic credit card. A prestige card such as Gold Card and Platinum Card is given to individuals with annual income above RM 48 000. It is similar to classic credit card except for the higher credit limit and additional perks are given to the cardholder.

Benefits of credit cards There are many benefits of