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.

New AMEX Gold Credit Card or Ikhwan AMEX from Maybank Islamic

what is the difference ? which 1 should i go for . ? tq

The stupid tax doesn't help much either. Maybank is at an disadvantage here as they can't simply ditch the AMEX business.

The stupid tax doesn't help much either. Maybank is at an disadvantage here as they can't simply ditch the AMEX business.

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 ...

KUALA LUMPUR: Applicants issued with new cre­dit and charge cards next year will have to pay the RM50 service tax upfront.

For existing card holders, the charge will be im­­posed on the anniversary date of cards.

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah, who confirmed this with The Star yesterday, said the Government would impose the service tax for credit and charge cards from next year.

“Existing cardholders will only be charged the ser­vice tax through their issuing banks upon the aniversary date of the card.

“For example, if the card’s anniversary date is in January, then you pay the tax in January. But if the date is in April, then you only pay the tax in April,” he added.

The minister’s clarification puts to rest nagging doubts among the millions of credit card holders in the country who have been raising queries since Prime Minister Datuk Seri Najib Tun Razak an­­nounced the new tax when he unveiled Budget 2010 in October.

Najib, who is also the Finance Minister, had said that a RM50 service tax for principal credit and charge cards and a RM25 for supplementary cards would be imposed from January.

This has led to card holders asking if the charges will be imposed from Jan 1 or on the anniversary dates of the cards, which are usually issued for a three-year period.

Those holding a string of cards were most eager to know before deciding to cancel some of their ac­­counts.

A check with the customer service departments of several commercial banks showed that they had yet to receive any definite confirmation.

Some banks said they were still awaiting for a directive from Bank Negara, while others think the tax would be imposed on the anniversary dates.

A third group of banks has also offered to absorb the tax for the cardholders, on condition a certain amount of money was spent within a certain timeframe.

Cardholder Y.L. Sim, who called up the bank to cancel his credit card, said the bank advised him “not to be hasty.”

“The officer said that they had yet to receive a formal directive from Bank Negara (on when to impose the tax). But I was worried as the New Year was nearing,” he said.

Deputy Finance Minister Datuk Chor Chee Heung, when contacted, advised cardholders to plan accordingly, saying holding two credit cards was enough.

““Even I intend to hold only two credit cards,” he added.

He urged those who had large outstanding credit card debts to stop using the cards and meet the issuing banks to work out a repayment mechanism.

There are some 11 million credit cards circulating in the country.

the gold cc is popular as there is no annual fees what. Nevertheless it doesn't make the Plat series look cheaper right?

I guess you have misunderstood the whole story. People were talking about MBB's deperate plea to increase market share for Amex Plat cc. It has nothing to do with Amex Plat charge card. You have to understand the difference between Amex Plat cc and Amex Plat charge card.

Besides, free-for-life cards nowadays are too common. People choose Amex Gold cc not mainly because of no AF. It is actually due to the attractive 5x and 2x MR points.

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.

IKEA is not listed in the promotional list. So the answer is no.

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

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