Well, my point is, instead of buying the thing with cash, use credit card to pay it. And make sure you pay it back on time. Must have a good discipline.
Like in my case, it's easy to pay. As i'm using Maybank's CC and also my salary is in Maybank, i'll just use m2u to pay with just a click of a mouse.

Eh...paying RM25 interest to bank = DISCIPLINE. First time I hear this.

Yeah, paid only RM25 to the bank and gained RM70 back. Profit of Rm45.

Maybe he forgotten about that month bill or misplaced it

I called Citibank last week to cancel my card but they said the service fee will only be charged after the date on my card..

eg "Valid thru Aug 2008 to Aug 2011"

That means they will only charge the service fee on Sept 2010..

Im wondering is that the same with other bank as well?
Coz im very lazy to call up to them and so troublesome to fax or go to credit card center
Futhermore i still have some points or cash rebate (UOB OneCard) left.

If you pay in full on time, you should have saved the RM25 interest.


We have been talking about this many times. For existing cards, service tax will be charged on anniversary date. It looks like you were not paying attention.

well, go apply for CIMB or DA and get 0% BT for 6 months. The longer she waits the more interest she pays.

Well if you paid full you would have been rewarded RM70 instead of RM45 So in actual fact you lose RM25 lah. The bank happier to have customer like you


you sure boh? Its the law that you have to pay RM50 next year for each principal credit card.



This hazairi reasoning and comments usually are mind bongling i.e like he said bank will go bankrupt; whereas in actual fact he's making money for the bank.

This post has been edited by Gen-X: Dec 23 2009, 10:44 PM

Yes it's the law to pay. He was asking when to pay

bank wont do lose money business, they do charge shop it they use thier machine, you get about 0.5-1% they charge about 2-3% who win??

Indeed it is. HSBC told me HSBC Malaysia is the only HSBC within the HSBC Group to actually charge some fee to its Premier clients for using their Premier Mastercard/Premier World Mastercard. 1MALAYSIA BOLEH !!!!


HSBC did confirm me that they will only charge me the tax on the cards' anniversary.

HSBC won't absorb it for their Premier clients?

They didn't tell me the will absorb it. Instead was only told i need 9,500 rewards points to redeem the RM50 tax.

The point is, though I lost about RM25 for the total interest of 5-6 months, I got back RM70 from the treatpoints and that means I'm profiting from the bank. They have to pay me RM70, that means I profited RM45 from them.

Wow, that nice. I will try them later. Do you know where to check how much that I earn the cash back so far?

yes bank are "ah long" every transactions they earn 2-3%, if we pay late... penalty + interest
now even 1msia Govt stepped in and charge RM50 service tax

This post has been edited by muscaa: Dec 24 2009, 07:57 AM

i just got a pre-approved credit card from standard chart probably because of having existing accounts with them. it got my interest when it said that it will give 150rm for my 1st swipe, however when i looked at the annual fee (although free for first 2 years) i decided to give it a pass as i dont think i am willing to bleed that much every year (annual fee+service tax).

i guess now banks are quite desperate for customers and started giving pre-approved cards even to normal customers like me. the card has a nice design to it though .

ic, mine is RM613.43, last transaction full rebate
so i think they hv a threshold of maybe RM18 or so

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Added on December 24, 2009, 9:34 amit might not work, but do keep us updated
u can't chk, hv to calculate manually

This post has been edited by alexwsk: Dec 24 2009, 09:34 AM

RM150 is a good deal. Since it is December, i'd say you activate it now because you will only be charged the RM50 credit card tax in November or December next year. You can avoid paying the RM50 tax as long as you cancel before the credit card anniversary. This way you'll get RM150 for free

AFAIK, Stanchart will absorb the RM50 service tax for new CC applications (Standard Chartered Business Visa Platinum & Gold Credit Card) and the CC comes with annual fee waiver as well (Free for first 2 years, subsequent year - call to waive).

they are not really absorbing the tax, just that they reward you with more $$$ for your first swipe