LOL just for the fun of it, I called the CIMB card centre. Told them that I have a FFL card. Asked them is it still FFL considering the RM50 service charge by the Govt. The operator who answered my call pretended not knowing anything about this and will call me if there's any update.

please la. i;m not the first to call in asking about this.

The CS could have just acknowledged the issue and tell me the Bank/Management/Boss will update them when ready. Instead of pretending not knowing the issue at all. This reflects on the professionalism on how the bank handles its customers.

Wah! Najib really living up to his 1Malaysia vision la. He wants to rub off his enthusiasm on us by encouraging us to preach 1CreditCard. To do this, he imposes fees on all credit cards. Naturally people will reduce their cards to one or two, thus realising the 1CreditCard way of life and the bigger 1Malaysia vision.
kekekekeke.



We're the birds la. Najib's killing us.

This post has been edited by simplesmile: Oct 23 2009, 10:44 PM

See? It's working! The Government's aim of making people spend prudently is working. And you're the living proof of this.

Sorry about that. Good luck with your hunting.

The Government's using this extra money to do one of the 4 things. Buy another submarine. Pay for pension, you know la, now retired govt servants live longer, the govt need to find money to keep paying these people. Pay for civil servants bonus. Pay for MACC & policeman increment (even though they may not deserve it.)

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.

The Rm1000 relief and EPF RM1000 relief is to CATCH UP WITH INFLATION. When was the last time these reliefs were increased? The increments this time is just merely catching up with inflation. It is not something extra, it is not a gift.
The RM50 tax on the credit cards is NEW. Therefore, don't tell us that we get more benefits because.
1. The reliefs were long overdue and just merely catching up with inflation.
2. You impose new tax on us.

Najib is so brilliant! He has successfully united Malaysians from all races and all economic status to come together to object to his policy of RM50 and Rm25 service tax on the credit cards. This is 1Malaysia!

Had faxed in to cancel my UOB MC and UOB One Card.
Next on my list is CIMB.

Boy, I want to keep my SCB Just One card because of the 2% to 5% rebate. But alot of merchants don't know how to use this card. Most of them give the card back to me and say "Cannot read". When in fact, the card has both the credit card and debit card combined into 1 card. So the merchant needs to select "credit" to process a credit charge on my card.
So.. thinking if I should keep my SCB card or not.

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.

All the card issuers say they are waiting for directive from BNM. When do you think BNM will sort out this issue and issue a directive?

OK, this is what I think the REAL intension of RM50 service fee on the credit cards.
The Govt is not happy with just taxing the middle income earners. It wants to tax the low income earners too.
Previously, if your annual income is below RM24k a year, you don't need to pay tax after deducting your personal relief, epf relief and the RM350 rebate.
The govt not satisfied. It wants to tax the people who earn RM18k and above, via credit card. Previously, this group of people didn't need to pay tax. Now they have to pay in the form of service fee. I'm going to put this up on my blog.

Does anyone of you have the Jusco-Aeon credit card? Are you canceling this too?

Here's my take.

UOB Master - Cut
UOB OneCard Visa - Cut

HSBC Master - Cut
HSBC Visa - Keep


CIMB Petronas Master - Considering - For petrol 2% and retail 0.5% rebate.
SCB JustOne Titanium - Considering - For retail 2% to 5% rebate. This card contains the Debit card and Credit card in one. I want to keep, but very frequent when I use this card to pay, the cashiers will say cannot select "credit" function because the terminal cannot support. What's the point to keep this card then other then the 5% rebate? But if the terminal can't read the card, then I won't get the rebate at all.

Do you know if SCB Justone card also give 2% rebates for petrol?

I see. Then there's no reason to keep the CIMB Petronas card anymore.... except that it still gives me a rebate of 10% when buying at MPH on Sundays. I'll most likely terminate my CIMB card and keep SCB JustOne and HSBC Visa. So that's it. RM100 service fee for me.

The last time i bought some books at MPH was 2 months ago. The promo was still available then. Not sure about now.
I wished that the SCB JustOne rebate is not capped at RM600 a year. What am I going to do when the rebate is maxed out? Sigh.