i found inconsistency...where chinapress article on this issue...

the terms they used....will lead to an understanding of...

the RM50 service tax will only impose to Free-for-life card....not those with annual fee...

inconsistent info now...better wait for more clarification.

current got 2 cards from mbf, will government charge me rm100 or rm50 only since this 2 card come with combine limit?

for scb justone since it is atm, debit and cc also will get charged ? maybe that is why they decide to stop accepting new applications

i found inconsistency...where chinapress article on this issue...

the terms they used....will lead to an understanding of...

the RM50 service tax will only impose to Free-for-life card....not those with annual fee...

inconsistent info now...better wait for more clarification.

Any 1 start the cancelling process already?

expect huge volume of ppl cancelling and ended delay in process and hope the bank wont delay until 1st Jan 2010.

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.

Simplesmile: for credit card only middle -low class been milked.
bcos for rich they got 27% reduce to 26%. that's more than enough for them to pay 10 credit card tax already. but middle class... dont even reach the 27% taxable amount. and dont have much properties as well... not much trading on it as well.

Some question need to ask here, how about some card offer Free for the first year, subsequent year swipe a minimum of 24 times to get annual fee waived (eg Eon Bank Matta Card), if I swipe 24 times at second year and the fee waived, should I still pay the service charge of RM 50?

Any 1 start the cancelling process already?

expect huge volume of ppl cancelling and ended delay in process and hope the bank wont delay until 1st Jan 2010.

I still not understand. do we need to cancel before 1st January 2010? if I'm not mistaken the fee will be imposed the month when we suppose to 'renew' the card (including the standard annual fees). so I think still safe to keep the card 2-3 months before that date

the thing is...not just service tax...
it seems the banks won't be allow to waive annual fee anymore....

can some1 help to clarify? i m yet to digest the doc myself...

is anyone here an agent for OCBC bank? I want to apply the OCBC Great Eastern card.

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Added on October 26, 2009, 10:22 am
true, that RM1000 extra tax-relief doesn't seem a lot too.