With the current COVID-19 pandemic, many credit card users are searching for ways to increase their credit limit without hurting or harming their credit score. Here we’ve listed down the step-by-step guide on how to have your credit limit increased for Maybank, CIMB, Citibank, Hong Leong, AEON, Standard Chartered Bank, Public Bank, and more. Your […]

Updated 22 Jan 2020. The OPR is an overnight interest rate set by BNM. It is a rate a borrower bank has to pay to a leading bank for the funds borrowed. The OPR, in turn, has an effect on employment, economic growth and inflation. It is an indicator of the health of a country’s […]

An effort to bridge the financial inclusion gap in Asia – a milestone in the Fintech Industry CompareAsiaGroup (CAG), parent company to CompareHero.my, has secured US$20 million in Series B1 investment, led by London-based consumer credit giant and global information services company, Experian. This investment comes at the backdrop of our Hong Kong-based headquarters to enhance […]

Say goodbye to physical paper forms when you sign up for a Citibank credit card; Citibank is now utilizing a fully digital application process. This means a faster and more convenient process for you! Read on to find out how. CompareHero.my 2-Step Digital Form Citibank 6-Step Digital Form When you apply for a Citibank credit […]

In our previous article on the National Strategy for Financial Literacy 2019-2023, we briefly touched on the five strategies that were the main focus of the entire plan. In this article, we dive deeper into what they actually contain. “This National Financial Literacy Strategy” is essential for developing a sustainable society make wise financial decisions to […]

In line with the Government’s effort to uplift the financial literacy amongst Malaysians, Prime Minister Tun Dr. Mahathir Mohamad launched the National Strategy for Financial Literacy 2019-2023 which sets out priorities and actionable plans to equip Malaysians with the knowledge to make informed financial decisions and to nurture healthy attitudes in financial management.

Responding to the move of Bank Negara’s reduction of the OPR to 3%, CIMB, OCBC, and RHB are reducing their own base rates and base lending rates (BLR) by as low as 0.25%. This move will see lower loan interest rates and, unfortunately, lower fixed deposit rates as well.

KUALA LUMPUR: RHB Banking Group launched the country’s first multi-currency debit cards, which provide access to 13 foreign currencies alongside the ringgit. The cards come in the form of RHB Multi Currency Visa Debit Card and RHB Premier Multi Currency Visa Debit Card. The foreign currencies supported are: US dollar, Canadian dollar, euro, Japanese yen, […]

Adakah anda tahu perbezaan antara kewangan Islam dan kewangan konvensional? Beberapa kemungkinan menyatakan bahawa pinjaman Islamik melarang urus niaga yang berteraskan faedah. Ianya nampak seperti mudah untuk difahamkan tetapi sekiranya kadar faedah ini dilarang, bagaimana pula seseorang memperoleh keuntungan di awal pelaburan. Sebelum kita beralih ke topik seterusnya, mari kita fahami dahulu ringkasan sejarah berkenaan […]

Everytime you’ve applied for a financial product, you may have heard the terms CCRIS or CTOS thrown around, more so when you apply for loans. And if you’ve never quite understood what those terms mean or don’t know the difference between the two, we’ve simplified it for you here and listed why they are so […]

If you have ever applied for loans, you might have heard about this term that gives quite a headache to some people – “credit history”. The bigger the loan that you’re applying for, the stricter banks are going to be when they analyze your credit history. But what exactly is “credit history”?

Maybank has issued a notice stating that there will be service charges for credit card and loan or financing repayments that are done over-the-counter (OTC) starting 1st October 2019. There will be a fee of RM2 or RM0.50 for each transaction. For credit card and loan or financing repayments done over the counter at a […]

As we have already seen inflation can be a tricky monster. When looking at interest, there is a nominal interest rate and a real interest rate. And then, there is also the effective interest rate, at which we will have a closer look at.

Islamic financing is on the rise, however what are the differences between Islamic financing models and conventional financing in Malaysia? Find out here!

We are sure you have heard of the term ‘net worth’ at least once, especially when Forbes magazine announces their Richest List disclosing net worth of the world’s billionaires. The interesting thing is, regular people like you and I have net worth too! And you should know your net worth as it’s a snapshot of your financial […]

Islamic banking which is also known as “Sharia compliant finance”, meaning banking activity that is consistent with the principles of Sharia- the moral code and religious law of Islam.

  Most Malaysians are familiar with the terms “Visa’”, “Mastercard”, and ”Amex” whether they are a debit or credit cardholders. For those who haven’t heard of them, these are the payment technology companies that allow banks and merchants to transact through users (you and every other debit/credit cardholders).

Perkembangan terkini menyaksikan Malaysia bakal menuju kerarah masyarakat tanpa tunai secara menyeluruh menjelang tahun 2050. Walaupun tarik itu masih 32 tahun lagi, platform pembayaran digital di Malaysia berkembang pesat bagai cendawan tumbuh selepas hujan.

It does seem that Malaysia is moving towards becoming a cashless society by 2050. Despite being 32 years away from that year, we are already witnessing the mushrooming of digital payment platforms in Malaysia.

*Updated on 5th September 2017 Another cashless online payment solution in the form of Alipay has landed in our country. Find out how it works and what it can offer Malaysians in this article.