AMEX can be detected at all Shell station kiosk nationwide.

there is a print-ad in the papers yesterday.

The bank will eventually waived or absorb these charges in order to retained the cardholders especially those prompt payees. But those whom prefer to drag and pay the min, don't expect the banks to waived these service tax RM50 for principal and RM25 for supplementary card respectively.

In addition, if the banks are not allow to waived these service tax of cards, the banks will or may even resort to providing higher shopping or fuel vouchers to cardholders and maybe alternatively, they can also provide/compensate with additional reward points. But then again, the how many cardholders actually redeem those points on yearly basis with the exception of those high spenders. By doing they are still abiding by the Goverment directives and should be able to get away with this. However, i would think only a small percentage whom will need to pay and they are tied to the banks. But majority will get away with paying these service tax of the cards hold.

I'd personally think this service tax imposed may not reduce the unnecessary spending or even encourage prudent spending as there'll be leeway for cardmembers to get away from paying this as the banks will always have alternative solution unless, the Goverment with Bank Negara, introduce a guideline to prohibit banks on waiving the service tax thru whatsoever innovative methods. An example, new cardholders of StandChart Platinum do not need to pay annual fees and are even provided with RM100 credit upon successful approval. So what is RM50 service tax charge.

As Hye said yesterday. This credit card service fee is nothing new. Did the banks waive the service fee back in 1997 - 2001 ? If they didn't, are they going to waive it this time around ? If they waive it for everyone it is going to cost a bomb to the bank.

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.

oh shit, read another news on The Star paper, 1 minister saying if banks are to absord the RM50 charges, the prudent spending objectives by Najib is defeated.

WTF...

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Added on October 29, 2009, 9:53 am
some got admin fees for early settlement

Well,I just gave CIMB a call. I told them that I wanna do early settlement for my installment plan and they say CAN and there is no extra charges for it. Wow, I gonna do it and then cancel my card .... yahoo ~

hi..i am in a dilemma now...
i patronized One Republic Bar(Italiannies) in Sunway Pyramid the other day...i paid with my CIMB DA World MC for a bottle of red wine..i checked my transactions online today and i found out that there's actually an extra transaction which does not belong to me..i suspect that the waiter that attended to me swiped my card for an 'extra' transaction after i gave him my card to pay the bill....

p/s : the waiter must have had an customer who paid cash and he put the money into his own pocket..he swiped my card so that the account book tallies....what an ***hole.....

Did MBB impose penalty charge on your early prepayment?