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Credit card V8, Anything about it
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ellimist
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 Oct 24 2009, 11:35 PM
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QUOTE(hye @ Oct 24 2009, 07:17 PM) I disagree that Najib wants to make the service as one of the major revenues for the govt - I reiterate ... it is to discourage excessive credit to the consumer. It's the beginning of the long re-education drive to educate the public on respecting credit facility. Look at the recent economic crisis - it is a form of abuse on excessive credit but on a larger scale. I know some people will be upset about the service fee and thinks Najib wants money for BN/govt - grow up guys! (in 1997 ... google to see who was the Finance Minister who announced this move) Just to note - I'm neutral on politics, I'm just stating my personal opinion over what makes perfect sense. I can accept it if someone disagree with me and please accept my apologies as I have stated it without any malice to anyone. Agreed, as I was trying to point out yesterday in this very thread. I know ppl are upset (I have 11 cards, trust me, I AM upset), but we've got to grow up and realise that there is a valid reason behind this. As corrupted as the government may be, they don't just table unsubstantiated budget proposals in Parliament; I'm sure they don't wanna look too ridiculous themselves. But yes, continuing from the point that was raised by the forumer debunking me yesterday, I would think that this move is definately not the most effective of ways. Ppl who are desperate won't mind the extra RM50 on their bill. Still, as hye pointed out, the point is to re-educate ppl and not let them fall into such a trap in the first place. |
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ellimist
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Oct 25 2009, 08:15 AM
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QUOTE(MilesAndMore @ Oct 25 2009, 08:12 AM) No contradiction at all. If you re-read the article, it started with a "while" and if you continue to read it, it ends with a "but" though "but" is not used in the article. Something like OCBC Bank CEO totally understand the objective of BN, but they do not think this will solve the problem by imposing a service fee on credit card.Which is exactly what hye and I were trying to point out. Apparently we think like CEOs huh  |
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ellimist
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Oct 25 2009, 04:30 PM
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QUOTE(haoching @ Oct 25 2009, 03:34 PM) how about free for life credit card, direct access (Master and Visa), maybank petronas card (Visa)? also need to pay RM50 for each principal card and RM25 for supplement card? Yes, applicable to all credit and charge cards, regardless of whether there is an annual fee imposed on the card or not |
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ellimist
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Oct 26 2009, 09:23 PM
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@ronnie
It's alot if the cards held are relatively dormant. Unless you transact alot, it's not worthwhile for the bank to absorb the RM50
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ellimist
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Oct 28 2009, 07:39 AM
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@tehliangseng:
Even if you settle in full, if you're a high transactor, banks will still like you. They can still earn monies when you swipe their cards
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ellimist
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Nov 29 2009, 05:21 PM
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QUOTE(Aeon_Clock @ Nov 29 2009, 04:13 PM) really? Calling them is enough? DOn't need to go to the bank? QUOTE(winner @ Nov 29 2009, 04:26 PM) Citibank doesn't need you to write in or personally go to the bank for card cancellation. You just need to give them a call, and your request will be processed instantly. After giving them instruction, it would be better if you could call them a few days later to double check the status. And for other banks that don't allow you to cancel via call, you can just fax your letter in. Just remember to sign the letter |
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