hi guys just wondering if UOB Preferred Platinum is good?

Yeah, 1 year can save RM60... then use RM50 to pay the service tax... guess can only focus on 1 card...

Any other payment facilities that gives us rebate if pay by CC? so far i could only think of Digi bill payment...

@MilesAndMore

I know, thing is debit cards are less secure and that is the part that worries me....besides, I only can have so much money in savings account at any given time (what's the point of keeping so much)...so in times of emergency, credit card with its higher credit limit will be useful....I am referring to hospitalization here btw....so I pretty much prefer to keep one card at least (will cancel my Direct Access) and keep my Citibank...sienz

Actually I think this might even work in favor of the banks. If everyone of us cancel our cards till the remaining 1 or 2, we might have harder time negotiating for waiver when it comes to annual fee. Had we cancel the card, it would be through the hard way to reapply for a new card after you cancel the remaining single card.

haha...
Just called to CIMB to inform them that i'm going overseas.

At the same time asked the customer service officer.
The conversation goes like this...

Me: OK. Done with my notification, now I wana ask, so how about the service tax from the Budget 2010? It will be levied onto my card.

CSO: *suddenly in a very low voice* erm... don't worry sir. our management will seek out a way to solve this problem.

Me: So how long will your management seek out a way then?

CSO: *still in a very low voice* Don't worry sir, please bear with us. Our management will have announcement soon. They will seek out a way.

Me: Ok. Since CIMB is so influential, so I'll wait for your bank's good news.

CSO: *still in a very low voice * Yes sir, our CEO is very influential.

Me: Laughed out loud

CSO: Laughed out loud too.

Me: Thanks.

CSO: Thank you sir. Thanks for being with CIMB.

-end-

Agreed. RM30 million is not a small amount, even for cash rich banks such as Public Bank and HSBC. The Malaysian economy is still very fragile. We're not out of the woods yet. RM30 million is especially big during these hard times.


You might want to consider the Public Bank VISA Electron. It is not linked to your savings account. Just deposit money into the card when you need to use it. It's definitely safe


GOOD IDEA ! Cancel all CIMB Bank and Direct Access credit cards. Then when CIMB Bank is losing their shares in the credit card segment badly, hopefully the little brother will knock some sense into the big brother's head

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.

@Darkmage12,
Good in what sense? Go check and see if you'll utilise the benefits; if U do then it's good lor, if u don't and if U can't take advantage of it then it's no good

Er it states there without pre-set spending limit meaning no credit limit?

Agreed. If they do not mind paying RMxxxx in interest to the bank, why makes you think they will care so much about forking out another RM50 for each principal card they hold ? Sure they will be upset too but then they will just forget about it. This is only unfair to those who pay promptly and in full each month.

Not really. Even back then when FFL cards have yet to exist in the market, you could still get your AF waived. It is just that most of the time the qualifier would be whether or not you have been using your card regularly and generously + paying it generously as well. (I didn't say payment in full but certainly not someone who pays only minimum every month) These days it is just so easy to get an AF waiver - it looks as if the banks are just eager to make their customer base numbers look good only.

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Added on October 25, 2009, 12:11 amThank you .... yes you are right. It is not about making money for the govt as the main angle is the education that it brings. It may be crude and not the best approach but enough to kick start a change.

This post has been edited by hye: Oct 25 2009, 12:15 AM

@Darkmage12,
There's always a pre-set; am not sure how this one works though cause I was oredi holding the UOB Platinum when they introduced this Preferred Platinum.

You probably won't need the kinda CL they offer; mine is almost as much as my gross annual income!

Believe me, prudent spending is just an excuse to mask their real reasons or intentions.
When the country was just starting to fall into recession, Govt keep saying "our economy is resilient, US subprime crisis won't affect Malaysia".
When the Government will defer projects in Pakatan states and say because Government no money. You think the Govt really have no money?
You trust what the Government says?
The real reason for taxing on the credit cards is because the Govt wants to tax, but don't want to affect poor people. So... how to tax the middle income and the rich? Raise the income tax rate? No way,.. this will surely kick them out during next General Election. So.. what do middle income and high income people have? Properties and credit cards. So... bring back the RPGT and tax credit card holders. You think the govt really wants to encourage prudent spending? There are other more effective ways to encourage prudent spending as suggested by other forumers.

Bottom line is, this RPGT and service tax on credit cards are designed to MILK the middle income and high income.

will the service tax be charged at the start of the year or end?

ocbc bank first to give some comments on its website about budget 2010...but no conclusive decision or action yet....


http://www.ocbc.com.my/download/Budget_2010.pdf

haha....the bolded sections in the quote i think oppose each other.....first understand....but then would not curb usage....

which one laa ??

This post has been edited by he-sham: Oct 25 2009, 06:42 AM

Totally agree with you. But as can been seen until today, there are always going to be those "moronic" hard core supporters who had faithfully supported the govt for decades & not forgetting those who are part of the corrupt admin itself who will try to justify whatever bullshit decision they make

End of the day no justification is adequate to support a bad or stupid decision. What more a decision driven by greed & corruption itself. But alas it truly reflects the core of our society even when such can have support ie. its actually passed by Parliament & is even being supported by some people. Guess only option is to give up my lovely collection.

Oh, a suggestion to feed back to the powers to be. It makes better sense to abolish tax or duty for luxury cars purchases by selected people instead since its bound to generate more $ as well. More than offset the petty $ you are squeezing from credit card holders

Will close all my CIMB accounts and cancel the credit cards. Teach them a lesson.

"Yes sir, our CEO is very influential" (Cheez)

Anyway, Malaysians have short memory. They will get used to the RM50 eventually............. and hurray "RM50 for Life". No more "Free for Life"

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

now govt want rm50 from cc & cd .......... bcoz 1PM said people get extra 1k from income-tax.
wow .... its sound that govt don't hv enough money to collect/spend anymore. But Audit Report said there are many cases of over-claimed from govt agency itself, which are using 'duit rakyat'