Been using UOB & Citibank cards since 12 years ago. Until today have not entertain cards from other banks. Anyway plan to keep UOB Visa & Citibank Master.

Agree, Citiphone

I'll keep 1 plat & 1 classic from 2 dif banks & 2 dif brands.

Bank U - Visa
Bank C - MC

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Added on December 31, 2009, 9:48 amI think the GST causes all parties lose-lose situation.

Banks
- Receive tons of cancellation request.
- Force to issue free upgrade + increase CL.
- Higher operating cost & credit risk exposure

Card-holders
- Force to initiate card cancellation
- Those with easi-payment are stuck
- Receive pre-apporved upgrade card where they might not qualify or can't afford
- Could fall into annual fee trap later due to higher waiver requirements.
- Need to fork out RM50 GST annually or spend more to off-set.

Gov
- Need to wait till Dec-10 because a lot of new issuance in Dec-09
- One more IT system to keep track of GST

At the end the Gov intention to reduce Rakyat expenses does not materialise.


This post has been edited by patricktoh: Dec 31 2009, 09:48 AM

Couldn't agree more. Their rewards realy sucks...

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Added on December 31, 2009, 3:00 pmMost card-holders are delaying their cancellation to Dec-10. By then most Rakyat would carry 1 or 2 high CL CC in thier wallet.

This post has been edited by patricktoh: Dec 31 2009, 03:00 PM