I refer to 'MAS rule unfair to seniors' [ST, 24Sept2011] (annexed bottom).
Firstly, it can be inferred that Mr Koh DOES NOT hold an existing credit card account with Maybank, which is what prevents Maybank from granting him unsecured credit on a credit card. Secondly, how can Mr Koh expect Maybank to grant him unsecured credit when he himself is unwilling to collateralize his "substantial unencumbered fixed deposits (FD)" to cover for whatever credit limit that he so demands.
Firstly, it can be inferred that Mr Koh DOES NOT hold an existing credit card account with Maybank, which is what prevents Maybank from granting him unsecured credit on a credit card. Secondly, how can Mr Koh expect Maybank to grant him unsecured credit when he himself is unwilling to collateralize his "substantial unencumbered fixed deposits (FD)" to cover for whatever credit limit that he so demands.




