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 Which card you'll keep due to RM50 service tax, See which bank c.c. is most likely kept

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SUSbuysell
post Dec 14 2009, 06:51 PM

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You sure? Is this RM50 service tax confirm to be implemented by next year (2010)? I need to know this. hmm.gif
SUSbuysell
post Dec 15 2009, 06:53 PM

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QUOTE(elru @ Dec 14 2009, 11:32 PM)
i think the best is tax should be imposed from the 2nd card onwards, if it really was meant for the well being of us citizens. but if the only one card also kena, means the government seriously squeezing $$ from us.
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News from The Star: http://thestar.com.my/news/story.asp?file=...&sec=budget2010 11,000,000 credit card x RM50 = RM550,000,000 is a very huge amount of money for the government to swallow. I totally agreed with what you said above, our government now is a bloody hell money sucker this days, everything raise and tax on every credit card including principal card are not acceptable!

BN is nothing more but money sucker! To those who vote for BN earlier and proud of themself, can have a taste of them for sucking your hard earn money now!

QUOTE(barra @ Dec 15 2009, 04:21 PM)
Yeah actually now that you mentioned it, it didn't register at first.
What I'm surprised is Citibank not doing well here. I thought Citibank has the largest credit card base in Malaysia?
Come on, no Citibank user here ah?


Added on December 15, 2009, 4:27 pm

That's a valid point. I didn't look at it from your point of view.
Previously, waive annual fee is easy to do cause it's "paper money" being waived, as in, they don't actually have to pay any one the annual fee.
But if they absorb the Service Tax, then it's no longer paper money now cause they actually have to pay something to the government.
The funny part is when they don't waive/absorb the RM50 service tax, then these banks now become a tax-collecting arm for the government, free service summore... ha!
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I am a Citibank user, contacted them today and they told me that the RM50 gov. tax will start on Jan 1, 2010. They ask me to redeem 11,000 of my points to cover the gov. tax doh.gif and promise to waive my 2010 annual fee. Well for me, I dont use my Citibank credit card that much so I guess I'll cancel it by this week, the sooner the better for me. RM50 is not a big money but still in this economy recession period, be smart, I prefer to save it for other higher priority expenses than paying the government for nothing loh.. dry.gif Betul kah?

This post has been edited by buysell: Dec 15 2009, 07:40 PM
SUSbuysell
post Dec 16 2009, 08:01 PM

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QUOTE(princess_autumn87 @ Dec 16 2009, 05:00 PM)
i found the voting highest result goes to mbb. can i know y mbb? is there any so good benefit for this bank? i hardly can redeem any goodies besides than enrich
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Because majority people in Malaysia use MBB credit card, that's why.
SUSbuysell
post Dec 17 2009, 10:06 PM

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QUOTE(StarJump @ Dec 16 2009, 11:27 PM)
Actually people should cut credit cards with banks where they keep their savings/FD in. Some banks will just use your savings/FD to pay off bad debt.
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If you owe them money but refuse to pay up they deduct your saving/FD money straight, I dont see wrong about that. hmm.gif
SUSbuysell
post Dec 20 2009, 06:16 PM

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Cancel all my credit card no eyes see.. whistling.gif
SUSbuysell
post Dec 30 2009, 11:00 PM

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Call up Citibank today to confirm when exactly the gov. tax will be charge on my credit card bill and they told me; "It will be charge on credit card annual renewal". sweat.gif I will cancel my card once I redeem all my rewards.. whistling.gif
SUSbuysell
post Jan 4 2010, 12:47 AM

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QUOTE(bananagerl @ Jan 2 2010, 04:34 PM)
Um, Maybank points also never expire what......

But Citibank redemption program sucks big time lah, at least Maybank every year got treats points fair.

Definitely keeping my PETRONAS card. 5X points babe.  :-)
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I agreed, Citibank redemption not attractive and make a online redeem to get the goodies super damn slow.. up to 14 days, some more need to contact them shoot'em after 14 days! %^&*..

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