One of my friends got two shocks recently. Shock Number One She found out that by end of December 2011, she would only be allowed to hold two credit cards. The extras have to be cancelled. She would only be given two years to settle the outstanding debts from the cancelled credit cards. Shock Number Two She was informed that her maximum credit limit for her remaining two credit cards could only be 2x her monthly income. In her particular case, she has six credit cards. When she cancels four of them, she has a combined debt of RM20,000. But her remaining two credit cards have high credit limits... and she has to settle RM4000 to comply with the new credit limit. So now she is dizzy thinking of those debts... yes, she is given two years to settle them... but RM24,000 on top of her other debts is a very very heavy burden to pay. While I pity her, I also think that this is something that Bank Negara Malaysia should have done earlier. These rules a...