wonder if for OCBC GST tax waiver by spending 10k a year, the waiver is deducted from 10k points or once 10k spent in a year, GST is waived and we still earn the rewards point?

It states clearly there that you just need to spend RM10k a year and they will cover the RM50 for you. Besides, there isn't reward point to earn as all OCBC Bank credit cards give only cash back.

Cash advance fee each time is 5% and interest is 18% p.a. compounded daily. Without knowing when you start the advance and when you repay in full, can't calculate the exact interest amount.

MilesAndMore,

thanks for the info. searched high and low on the website and didnt find that information. 50 bucks and no bonuspoints is not worth it for me. might be usefull as secodary card if i used the 5k with alliance bank already though.

No no no bro ! The OCBC Titanium MasterCard is now the best credit card in Malaysia giving 5% cash rebate on petrol, dining, utilities, groceries and 1% on all other transactions. Scroll back a few pages back to find out more. We've been talking about it for quite a few days now.

but it is until this year end right?

next year onwards monthly cash back capped at rm50, with no points

Actually Alliance Bank should be the secondary card once you reach the cap on the OCBC card. You only need to spend RM1k on 5% stuff on the OCBC to max the cap from Jan 2011 onwards and then move your spending to the Alliance Bank card.

CIMB card agent need.... WT Apply..

Beside CIMB / EON / Public / HSCB / Standard / Am Bank,

Anyone knows which bank accept people who has 1.7k salary monthly ??

Thanks.

Even now there is no point. OCBC Bank has stopped giving reward points to its credit cardholders since June or July last year. Every types of OCBC Bank credit cards are all cash back based since.

hong leong.......
got promotion now, will waive the GST for 5 years

Is this written in black and white ?

Sigh..I came across with my HSBC CC application, there have been no news since 1 month ago and when I tried to phoned the personal (who I submitted my documents to), she keep telling me that I need to give office num. for verification, she is busy and follow up with me..bla bla..fed up!

It will give you relevant reward points to cover the GST.
http://www.hlb.com.my/promo/pfs/cc_swipe/index.jsp?s=ccpromo

That is great !!! Not exactly a fan of Hong Leong Bank but might still give it a go.

Are you really gonna apply for HLB card because of 5 years GST waiver?

Actually i also plan to apply hlb credit card.
However, after i found the ocbc titanium card give better offer, so apply ocbc titanium loh...........................

I just may do so because i really am not willing to sacrifice my own hard earned reward points to offset the credit card tax. Besides, if one is not exactly a high spender. This is exactly the card you should card.

I don't really like HLB customer service. Long waiting time, lack of Chinese speaking officers etc...
Today I rang OCBC card centre to inquire about Titanium card and requested an application form. The call was answered quickly and he can answer all my inquiries without keep me waiting. I had a pleasant experience.

---

Added on August 26, 2010, 11:21 pmHmm...perhaps you need to do a comparison.
Fix your monthly spending pattern, and calculate what you get at the end of the year.

Scenario 1:
TNB = 100
Telekom = 30
Streamyx = 90
Petrol = 120
Groceries = 100
TOTAL = 440

(1) HLB essential
Full year rebate = 440*1%*12 = 52.80

(2) HLB Classic/Gold
Reward point= 440*12 = 5280 pts (equivalent to approx. RM25)

(2) OCBC Titanium
TNB = 100*5% = 5.00
Telekom = 30*1% = 0.30
Streamyx = 90*1% = 0.90
Petrol = 120*5% = 6.00
Groceries = 100*5% = 5.00
Full year rebate = 17.2*12 = 206.40
Net rebate after deducting GST = 156.40

The difference is obvious.

This post has been edited by chemistry: Aug 26 2010, 11:21 PM

I'm also thinking to do the same way,unfortunately,in my test when it comes to payment stage,it would require you to enter billing information...

The problem is,you need to fill up the billing address in "Country" option box,which only let you select either is Singapore or United State...so I guess it won't work if using MSIA CC...too bad.