Yeah, I have a feeling if we all moved from credit/charge card to debit card, G will find way yo tax debit card too...

I there's still no better way to overcome this RM50 tax, I hope banks will focus on debit card and allow debit card to have about the same benefits as credit/charge card. Like 5x points for petrol and groceries...

If we cant change the environment, we should change ourselves...

i got 3 cards stil not activate should i keep or throw back to them?

1. rhb travel money card
2. rhb tesco card
3. ambank realreward card

please help me to decide..
i dont shop in tesco...

What's your personal feel about this whole issue? I can think of 3 outcomes. Which outcome is the likeliest? Any other possible outcomes?
1. The Government reverses it's Budget proposal in view of pressure from the public and card issuers. I cannot recall any proposals being withdrawn from previous Budget annoucements.
2. The card issuers absorbs the service fees.
3. The card issuers pass on the service fees to the consumers.

Your only reason is because of evergreen points?
Since I will console most of my spendings to Amex Gold, I believe transaction for the other CC will only as backup in case Amex not accepted and also for insurance premium payment. I still unsure should I pay RM50 for this backup card...

As for MBB on the spot redemption, is it during treatpoint roadshow?

i recently cancelled my maybank cc at their branch, i saw my card still in M2U, when i call their CS, said it will still show there, until u request to take off from M2U ..which i requested, but till today..still can see my card there

---

Added on November 9, 2009, 11:48 amMerchants can’t impose fees on users of credit cards
PETALING JAYA: Credit-card users who are told to pay extra if they use their cards instead of cash should be aware that merchants are not allowed to impose merchant fees on users as stipulated in the card associations’ operating regulations.

“Under the Bank Negara credit-card guidelines, banks are required to display prominently on the credit-card application forms their fees and charges table,” said Association of Banks in Malaysia (ABM) executive director Chuah Mei Lin. “Banks are also required to print on the monthly billing statements to credit-card holders information on the various charges imposed on the oustanding balances and method of computation of such charges.’’

A comparison of rates charged by banks can be obtained from the bankinginfo.com website.

RHB Bank head of retail banking, Renzo Viegas, said banks would act on complaints from cardholders on “unacceptable practices by merchants’’.

“For example, cardholders should not accept any imposition of surchange, report such incident to the bank or go to other merchants that do not impose surcharge,’’ Viegas said.

At Malayan Banking Bhd (Maybank), merchant activities are continuously monitored to curb incidences of surcharge.

“Appropriate action is taken on merchants who flout the rules,’’ said Lim Hong Tat, Maybank’s senior executive vice-president and head of consumer banking.

On leakage of customer information, Chuah said: “We wish to reiterate that member banks treat customer information with the greatest confidentiality and not sell or use information indiscriminately outside the confines of the banker-customer relationship.

“Banks will not hesitate to take disciplinary action and report employees who breach laws, regulations and policies.’’

In fact, members of the public are encouraged to contact the ABM in respect of any suspected breach of confidentiality on the part of member banks, Chuah said.

Education in card acceptance procedures is especially important in cases where merchants face high staff turnover. There is inhouse training and continuous education on adhering to charges and security issues. — By YAP LENG KUEN