Here is my strategy next year (and actually this year as well )

Spend RM1k on 5% items only per month -> RM12k per year (free annual fee + free gst)

How to do it?

- 3-4 days before the end of the billing cycle, whatever gap to the RM1k limit, pay extra into utilities/phone bills using internet banking or over the counter

Utilities need to be paid every month anyway, might as well put extra in there and earn the 5%.

Some banks offer RM50 Svc Tax rebate for their customers who use their CC

Such as ? I mean besides EON Bank, Standard Chartered and Hong Leong Bank that we already know.

As for me, from January 2010 onwards I will only use OCBC Titanium MC for expenses under the 5% cash back category. It's easy to hit RM1,000 per month for utility, hypermarket and restaurant bills. Payment for the rest will be via Amex or SCB for 2x points.


Somebody get it done from MBB. As for new card application, a lot of banks are offering cash back or points to offset or reimburse the service tax.

welcome

nice strategy

just like any other service tax imposed by and payable to the Malaysian Government, bank are unable to waive. however, they will give cash rebate/points to help you redeem against the service tax

and it wont be automatically waive/rebate. need to redeem (starting 2nd year onwards),
new card (1st year) need to pay that gst then cover it back via cash rebate.

(btw some1 get it from mbb is me )

This post has been edited by erry-: Dec 18 2010, 05:29 AM

For new SCB cards, you need not do anything. Soon after your application is approved, you account will be granted RM88 for Gold card or RM188 for Platinum card and the service tax is also charged almost simultaneously. At that point in time, your account will have a surplus of RM38 or RM138. Currently, this is one of the best deals for cc application.

that's right, and i will go to apply for it next year if the promotion is still valid

ive posted in the previous thread, HSBC, until end of Dec only

SCB which card are entire to get 2x points?

It is SCB Preferred WMC

It seems like lots of promotion is for world mastercard for cimb.

Yeah, quite a lot.
CIMB has got numerous ongoing promo with Mastercard, from Classic to World.

It seems like the classic, gold and platinum card promotion is the same.Any differences between the gold and platinum privileges. All the promotion seems to be same for platinum and gold.Mayb Cimb more focusing on their worldmastercard i guess.

That's right. It's SCB WMC. But 2x points are given with the condition that your monthly spending must be more than RM1,500. Or else, you will only get 1.5x points.

Alternatively, it is highly recommended to use SCB Business Visa Platinum. It gives 0.5% cash back plus 1x point, equivalent to 1% cash back or 2x points without any spending limit.

I am aware of the HSBC and Standard Chartered promotion. I just want to know what are the banks that offer to give free points to help their existing customers to pay for the credit card tax other than the 3 banks i mentioned earlier.

As mentioned, MBB has started giving out free points to compensate existing customers for the service tax. However at this juncture, only very few customers are selected for this benefit.

Ya. I do have MBB Petronas visa gold since 08. Last month they do send me a Platinum MC. I call the SC they need to pay for the GST myself but with 3 yrs AF waive. Since this Platinum MC dun bring any benefit to me, so i seng bank to MBB to cancel it. Then Yesterday i got a call from MBB again. Now they offer a another AMEX gold charge card which will preload 10k MR point inside to offset the GST. The condition its i need to use the card at not less than RM50 then only they will credit the MR point to me.

I have to agree.
I think CIMB is trying to make WMC and VI more exclusive than Platinum. Anyway, it seems WMC entry requirement has been greatly reduced although the website did not announce it B&W.

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Added on December 18, 2010, 12:52 pmIt is a Charge Card. Think twice bro.

This post has been edited by chemistry: Dec 18 2010, 12:52 PM

agree too. waiting them to offer free upgrade to wmc & vi. lazy to apply. haha
but if they not offered then i'm ok with current plat. no need free golf, free coffee, free movie ticket (for wmc/vi), etc ~

This post has been edited by erry-: Dec 18 2010, 12:54 PM

Yes. But only one person got it. Just like the one person said that he got Alliance Bank to give him free Timeless points to redeem the credit card tax in the previous version of credit card thread. What i want to know is the banks that generously extend this special treatment not just to the lucky select few but everyone.


Fantastic !

This post has been edited by MilesAndMore: Dec 18 2010, 01:07 PM