It's expected this kinda cashback takes way too long to get credited.

Hmm.. just checking out on www.globaleshop.com... , I have register myself there but the website did not provide me any address..

Anyone mind to en light me how to purchase thingy from amazon ?

CIMB Group Says RM50 Service Tax On Credit Card Little Disappointing


KUALA LUMPUR, Dec 8 (Bernama) -- CIMB Group says it has some reservation about the government's plan to put a RM50 service tax on credit card.

"We have some reservation because obviously we were hoping that the tax is not necessary because at the end of the day, the idea is to reduce the cash holdings and increase plastic and other forms of payments," its group chief executive Datuk Seri Nazir Razak said.

"This is something that we are little bit disappointed but of course, we have to comply," he told reporters here after a signing ceremony today for a RM50 million term loan facility from CIMB Bank Bhd and UBS AG to JCY HDD Technology Sdn Bhd.

To promote prudent spending, the government has proposed a RM50 service tax a year on each principal credit card and charge card and a RM25 service tax a year on each supplementary card effective January 1 next year.

Asked if it is possible for CIMB Bank to absorb the services tax, Nazir said "it is just a matter of economics."

The bank is hoping to achieve 1.2 million credit card holders by end of the year from the current 1.1 million customers.

Malaysian Rating Corporation Bhd (MARC) recently said that the service tax is unlikely to have an impact on the overall transaction value of cardholders over the medium term.

Cardholders are more likely to cancel extra cards to minimise their tax burden since the tax is proposed to be levied annually on a per card basis, it said.

MARC also believed that the proposed tax will result in an aversion to applying for multiple cards on the part of new applicants and thus the growth rate of issued credit card will lose momentum from the compounded annual growth rate of 13.2 per cent recorded over 2004-2008.

As for card issuers, currently comprising 21 banks and three non-bank financial institutions, this tax will have mixed effects depending on their existing market share and brand positioning, it added.

Damn it! This afternoon I wanted to buy RM800 Parkson vouchers using Amex in Sunway Pyramid but the staff at CS counter refused to sell vouchers to me and asked me to purchase vouchers after Christmas instead. What's the point! The total payout of RM4mil for the 15% cash back promotion could finish around Christmas time.

Amex Plat cc looks cheaper and cheaper now. 

When it was first launched, minimum annual income requirement was RM130,000 and first year AF was not waivable. Just a few months ago, Amex was willing to waive 2nd year AF and gave auto waiver for 1st year AF. And now, income requirement are lower to a mere RM60,000 per annum. I guess it is because Amex Gold cc is too popular and has since outshined the Plat series.

AMEX black card ...

just wanna ask. is ikea considered part of ikano power centre? and if so, will it qualify for the current amex 15% cashback promotion? when there shopping over the over the weekend and also bought some stuff from the curve.

penang guy here, so not really familiar with KL malls. Thanks.

thanks for your answer. reason i asked was becoz the receipt showed IKANO pte ltd, rather than IKEA.

so if IKEA is considered part of Ikano Power Centre, then maybe I'm still in with a chance...haha

how u all settle amex payment?
today 1st day recv statement den realized that cannot IBG from other bank, like normally i do IBG to citibank CC

sorry. there is IBG for CIMB & HLB.
i did SI for my payment d~

my default it is e-statement i guess.
btw AMEX 1 thing not good is cannot to update particular like citibank or other online banking did.

yes, we can pay MBB AMEX as show in the HLB list

Received a mailer frm MBB this morning:
10,000 TP for Ikwan AMEX if u enroll Express AutoPay
1 bill = 2,000 TP
2 bills = 5,000 TP
3 or more  bill = 10,000 TP

download the form from m2u
T&C stated needs 4-6 process after sucessful enrolment

not sure whether this is the correct thread to ask this..but i am just gona ask..

if i use amex card in a different country, how will the exchange rate be like? will it be the same as the currency u exchange manually? is the amex card exchange rate different than normal visa exchange rate when used in a different country?

owh..what about the normal visa credit cards?anyone know whether they charge admin fees as well?

My AMEX Gold Credit Card just get approved, may i know they send the card by mail or courier?

No need call the CS to active it, just swap it.

20 days free interest charges is start from the time i buy things,

cash back...etc.

even how to pay back I also not so sure. I guess can direct bank in to maybank.

@MilesAndMore,
Just to check - converting the points into miles ain't very worth it, right?! Haf U done a calculation yet?

So how do i know my credit card statement date?
thanks..

I also got another Maybank sony visa card, will this card charge me for another credit card tax? Can i cancel it?

I oso just get mine, haven swipe it yet. Just now went to Guardian downstairs of my house and realised that they accepting Amex now.

@MilesAndMore,
I think it's probably cheaper to use the points to redeem other stuff in the catalogue than a flight but I could be wrong - i'll do the rough calculations and get back to U

I do have M2U account but how to check it ? and my internet banking have long time didn't use.

I just call for the cancellation. so they will still do charge me??

i wondering should i sign on the letter of my new card and return it? but is that have to walk in to counter?

Haiz..so i will waste 50 if i cancel it now la...  

But i just called again, they only will start charge at 2011 january.  and I cancel it now i wouldn't be charged...

Has anyone successfuly requested for a fee waiver for AMEX Platinum of RM800? If yes, what's the criteria?